ThinkstockMakers of equipment used to manufacture semiconductors have faced a slowing market so far in 2013, and conditions are not expected to improve until next year. That is on top of a decline of…
courtesy of USPSThe U.S. Postal Service is dangerously close to running out of cash. In testimony on Thursday before the Senate Committee on Homeland Security and Governmental Affairs, Postmaster General Patrick Donahoe made the…
courtesy of Google Inc.A little piece of computer code known as a “cookie” has been the driver of what is now a $120 billion online advertising business. Google Inc. (NASDAQ: GOOG), which accounts for…
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 46 billion cubic feet last week, compared with an expected build of 55 billion to 59 billion cubic…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in August rose 1.7% to 5.48 million from an unrevised total of 5.39 million in July. Sales…
ThinkstockHousing stocks got a boost on Wednesday following the announcement from the Federal Open Market Committee (FOMC) that the Federal Reserve would continue its $85 billion monthly asset purchases. That total includes $40 billion in…
ThinkstockConAgra Foods Inc. (NYSE: CAG) reported first-quarter fiscal 2014 results before markets opened this morning. The food processor and packager posted quarterly adjusted diluted earnings per share (EPS) of $0.37 on revenues of $4.2 billion.…
Courtesy Boeing Co.Deutsche Lufthansa announced Thursday morning that it had ordered 59 new aircraft to replace existing planes in its fleet. The big order was split between Boeing Co. (NYSE: BA), which will provide…
courtesy of OracleOracle Corp. (NYSE: ORCL) reported first-quarter fiscal 2014 results after markets closed Wednesday. The software and server company reported adjusted earnings per share (EPS) of $0.59 on revenue of $8.4 billion. In the…
September 18, 2013: U.S. markets opened mixed Wednesday as investors and traders waited for the afternoon FOMC announcement. When the Fed declined to begin tapering its asset purchases, shares popped and led indexes to…
courtesy of SamsungWireless carrier Sprint Corp. (NYSE: S) said on Wednesday that it will add another 100 Costco Wholesale Corp. (NASDAQ: COST) stores to the 106 that already sell Sprint products in kiosks or…
ThinkstockIn its announcement Wednesday afternoon, the FOMC cited concern over recent developments in the housing market as a reason to maintain its asset purchase program at $85 billion a month. In particular rising interest…
ThinkstockExpectations for economic growth have fallen since the beginning of the summer according to the Business Roundtable, an association of CEOs from leading U.S. companies. From an index reading of 84.3 in the summer,…
courtesy of General ElectricWhen we looked at conglomerate stocks earlier this year, one company stood out. Based on implied gains and dividend payouts, General Electric Co. (NYSE: GE) struck us as a good bet.…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 4.4 million barrels last week, bringing a total U.S. commercial crude inventory to 355.6…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in August rose to an annual seasonally adjusted rate of 891,000, an increase of 0.9%…
ThinkstockSince August 2012, house prices in 69 of 70 Chinese cities have risen an average of 7.5%, leading to fears of a housing bubble in the Middle Kingdom. Higher prices are encouraging more development,…
Adrian Pingstone, via Wikimedia CommonsFedEx Corp. (NYSE: FDX) reported first-quarter fiscal 2014 results before markets opened this morning. The package delivery service posted adjusted diluted earnings per share (EPS) of $1.53 on revenues of $11,0…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 11.2% in the group’s seasonally adjusted composite index, following a decline of 13.5% for the previous…
ThinkstockAdobe Systems Inc. (NASDAQ: ADBE) reported fiscal third quarter 2013 results after markets closed today. The software company reported adjusted earnings per share (EPS) of $0.32 on revenue of $995.1 million. In the same…