The Philadelphia Federal Reserve’s manufacturing survey for September was released today, and the Philly Fed reported that manufacturing continues to be slower, but the rate of contraction is not as strong. The September reading…
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 67 billion cubic feet, somewhat higher than the 64 billion cubic feet that analysts were expecting.…
Shipwreck recovery firm Odyssey Marine Exploration Inc. (NASDAQ: OMEX) announced today that it has received approval and contracts for salvage from ship owners to recover sunken commodity shipwreck cargoes that could be worth more…
Exxon Mobil Corp. (NYSE: XOM) announced this morning that it would pay $1.6 billion to Denbury Resources Inc. (NYSE: DNR) for 100% of Denbury’s acreage and interests in the Bakken shale play in North…
The U.S. Flash Manufacturing purchasing managers index (PMI) from Markit Economics is out today, and the reading is unchanged at 51.5. Any number above 50 indicates that the economy is expanding. Among the various…
courtesy Green Mountain Coffee Roasters Inc.Although it has been expected for a long time, today’s introduction of the new Verismo single-serve coffee maker from Starbucks Corp. (NASDAQ: SBUX) is hitting shares of Green Mountain…
What some economists and policy makers choose to refer to as a “lost decade,” Boston Federal Reserve President Eric Rosengren calls the “Great Stagnation,” which he said could happen: if policymakers of all sorts…
Bed, Bath & Beyond Inc. (NASDAQ: BBBY) reported fiscal 2012 second quarter earnings after markets closed today. The home furnishings company reported earnings per share (EPS) of $0.98 on revenue of $2.59 billion. In…
Adobe Systems Inc. (NASDAQ: ADBE) reported fiscal 2012 third quarter earnings after markets closed today. The software company reported adjusted earnings per share (EPS) of $0.58 on revenue of $1.08 billion. In the same…
The three major U.S. stock indexes opened mixed this morning, taking until mid-morning to rise above the flat line and stay above it for the rest of the day. The initial response to Bank…
The number of U.S. smartphone owners who use either their mobile browser or a dedicated app to visit a retail site totaled 89.5 million in July, representing about 4 out of every 5 smartphone…
At a communications industry conference in New York today, AT&T Inc. (NYSE: T) chief Randall Stephenson may decide not to sell off the company’s rural wireline assets. That would be a big switch in…
Yesterday’s announcement of mine closures and production cutbacks at Alpha Natural Resources Inc. (NYSE: ANR) pushed the coal miner’s shares down about 3%. Fallout from that announcement is weighing on the shares again today.…
Hovnanian Enterprises Inc. (NYSE: HOV) may have been the hardest hit of all the publicly traded homebuilders since the housing market collapse began in 2007. The share price dipped below a dollar earlier this…
A recent study from MIT revealed that nearly half of Americans die with less than $10,000 in assets. Whether or not that’s due to poor planning or some unexpected spending, it’s still a shockingly…
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 8.5 million barrels last week, bringing the total U.S. commercial crude inventory to 367.6…
The National Association of Realtors (NAR) reported this morning that existing home sales rose by 7.8% to a seasonally adjusted annual rate of 4.82 million units in August, compared with 4.47 million units in…
Recent data from Pew Research shows that most Americans want the United States to get tough with China on economic issues such as the trade deficit, job losses and the amount of U.S. debt…
New housing starts in August rose to an annual seasonally adjusted rate of 750,000, an increase of 2.3% from the revised July rate of 733,000 and a gain of 29.1% above the August 2011…
ThinkstockAutozone Inc. (NYSE: AZO) this morning reported fiscal fourth quarter 2012 earnings per share (EPS) of $8.46 on revenue of $2.8 billion. In the same period a year ago, the auto parts retailer reported…