Retail Spending Growth Slowed in August
U.S. retail spending rose less than expected in August, although year-over-year retail sales are up nearly 6%. Slower auto and clothing sales weighed most heavily on August sales.
All Work
Paul Ausick
UPS to Hire 100,000 to Handle Holiday Rush
A UPS executive said Thursday that the package delivery company plans to hire 100,000 seasonal workers this year to help with the holiday rush. It's the largest number of seasonal hires ever for the…
What’s to Blame for Boston-Area Natural Gas Explosions?
While no cause has yet been determined for the explosions that have damaged at least 70 homes in the Boston area, fire investigators suspect over-pressurized gas lines.
Invesco, Chemours Slide into Thursday’s 52-Week Low Club
Invesco, Tal Education, Chemours, and Exelixis all posted new 52-week lows on Thursday.
Apple, IBM Lift the Dow Thursday
Apple, IBM, Merck, and Travelers buoyed the Dow index on Thursday.
Apple Event: Refining Products and Exercising Pricing Power
Analysts at Loup Ventures see an unweighted average selling price for Apple's iPhone lineup rising by 7% for the coming fiscal year. Weighted for product mix estimates, the average could rise even higher.
Steering Problem Leads to GM Recall of 1.2 Million Pickups, SUVs
GM is recalling more than a million 2015 model year pickups and SUVs to repair a problem that may occur with their electric power steering system.
Natural Gas Price Moves Higher Briefly After Storage Report
The U.S. natural gas stockpile rose by 69 billion cubic feet last week but remains about 20% lower than the amount in storage at this time last year and 18% below the five-year average.
How the UPS Transformation Plan Is Touted to Lift Earnings
Delivery service UPS outlined its plan to lift earnings per share by up 16% over the next four years. For example, the company expects to have installed automated sorting equipment to handle all U.S.…
Holiday Season Looks Good for Job Seekers
Retailers and distribution and delivery firms have begun announcing plans for holiday hiring. Early indications show that this year's offerings are on track at least to match last year's hiring.
No Widespread Gas Price Hikes Forecast Due to Hurricane Florence
While residents in the areas expected to suffer the heaviest impact of Hurricane Florence should not have to worry about spiking gas prices, they may be periods when fuel distribution could lead to some…
Were Kroger’s Earnings Really That Bad?
Supermarket giant Kroger beat earnings estimates when it reported results Thursday morning, but sales came in low. The company's outlook for the year may also be less than investors were hoping for.
Short Sellers Jump on One Solar, One Alt Energy Stock
Short interest in solar and alternative energy stocks was tilted slightly in favor of short sellers. Share prices have been rising on some of the stocks making them more attractive to the shorts.
Short Sellers Wary of 3D Printing Stocks
Short interest declined on three of the four 3D printing stocks we follow. Share prices soared on a couple of the stocks in the two-week reporting period that ended August 31.
Snap, NXP Semiconductor Dive into Wednesday’s 52-Week Low Club
Snap, Applied Materials, NXP Semiconductor, and Vital Therapeutics all posted new 52-week lows Wednesday.
Boeing, Caterpillar Prop Up the Dow Wednesday
Boeing, Caterpillar, Procter & Gamble, and Walgreens Boots Alliance lifted the Dow on Wednesday.
Macy’s Wants to Hire 80,000 Seasonal Workers
Macy's announced Wednesday that it plans to hire 80,000 workers to help it get through the 2018 holiday season. And so it begins.
Boeing Sued for Stealing Trade Secrets
Boeing is being sued in federal court regarding the theft of trade secrets that the company used to establish a financing guarantees following the closing of the U.S. Export-Import Bank.
Crude Oil Price Holds Gains as Gasoline, Diesel Inventory Gains Outweigh Crude Decline
The U.S. Energy Information Administration reported Wednesday morning that U.S. commercial crude oil inventories fell by more than 5 million barrels last week. Product inventories (gasoline and distillates) rose by more than 7 million…
OPEC Raised Oil Production Again in August, Saudis Added 124,000 Barrels
OPEC's monthly oil market report for September shows higher August production from cartel members and includes slight declines in growth estimates for both this year and next.