The U.S. Department of Labor has released its weekly jobless claims. The number of people who applied for jobless benefits increased back above the 300,000 level to 311,000 claims. This was an increase of 21,000…
J.C. Penney Co. Inc.J.C. Penney Company Inc. (NYSE: JCP) has had a tough time over the past few years, posting weak revenues and little to no earnings. The retail department store is set to…
The Commerce Department reported on Wednesday that Business Inventories were up by 0.4% for the month of June. The consensus estimate of economists polled by Bloomberg was spot on at 0.4%, and the range…
ThinkstockRetail sales did not have much to show for in the first month of the third quarter. The Commerce Department reported Wednesday that retail sales were flat at 0.0% change in July. This fell…
ThinkstockMacy’s Inc. (NYSE: M) reported second quarter earnings per share of $0.80 and a 3% revenue growth to $6.27 billion. Both missed analyst estimates according to Thomson Reuters of $0.86 earnings per share and…
ThinkstockJDS Uniphase Corporation (NASDAQ: JDSU) reported its earnings Tuesday after the close. This report was one which sounded favorable for JDS Uniphase at first, but the guidance tells a different story. JDS Uniphase posted…
The U.S. Treasury Budget for July was announced Tuesday afternoon. Tuesday’s results followed close enough to analysts’ expectations that it should not rock the boat too much in either direction. The Treasury reported a $94.59…
courtesy of Cisco SystemsAs the earnings season winds down, the off-calendar quarter-end reports are coming out this week. Among the most important reports this week, if not the most important, is the one from…
courtesy Deere & Co.Deere & Company (NYSE: DE), one of the larger heavy equipment companies, will release its quarterly earnings report on Wednesday morning. Analysts speculate whether this farming and lawn equipment giant can…
ThinkstockThe short interest report is out for the July 31 settlement date and 247 Wall St. is focusing on the active short selling in the biotech sector. Short sellers are often active in biotech…
ThinkstockWith sentiment improving and GDP growth rate picking up in the second quarter, investors and economists alike are looking for anything to confirm or refute the upswing in the economy. The National Federation of…
ThinkstockRackspace Hosting Inc. (NYSE: RAX) reported its second-quarter results on Monday after the close of trading. We had noted in our preview that Rackspace announced with its earnings back in May that it had…
ThinkstockThe last time we checked on Chiquita Brands International Inc. (NYSE: CQB), it was preparing for a merger with Fyffes PLC. Yogi Berra once said, “It’s deja vu all over again.” Those are words…
Jon OggThe U.S. Postal Service ended the June 30, 2014 quarter with a net loss of $2.0 billion. This compares to a net loss of $740 million for the same quarter in 2013. The…
Tesla Motors Inc.Tesla Motors Inc. (NASDAQ: TSLA) has been upgraded by several analysts of late. Deutsche Bank upgraded the stock on Monday on the heels of a very positive analyst initiation from Pacific Crest…
ThinkstockRackspace Hosting Inc. (NYSE: RAX) is due to report second-quarter results on Monday after the close of trading. After reporting first quarter earnings in May, Rackspace announced that it had hired Morgan Stanley to…
ThinkstockiDreamSky Technology Ltd. (NASDAQ: DSKY), a leading mobile game publishing platform in China, started trading on the NASDAQ on Thursday. The company is known for being the distributor of the popular ‘Temple Run 2’…
In its new Report on the Economic Well-Being of U.S. Households, the Federal Reserve Board provides insight into numerous topics of current relevance to household finances. These topics include housing and living arrangements, credit…
ThinkstockFriday morning will bring the quarterly report on nonfarm productivity and unit labor costs. With the Employment Cost Index from last week having shown a pop much higher for the second quarter, economists and…
Duke Energy reported its quarterly results Thursday , posting a handy increase in its earnings. The summer months were a contributing factor as seasonal utility expenses tend to increase with temperatures.