ThinkstockThe Federal Reserve reported on Monday afternoon that total outstanding U.S. consumer credit rose 4.4% in July, from a revised estimate of $2.842 trillion in June to $2.852 trillion. A total of $850 billion…
ThinkstockThe former Portuguese colony of Macau generates about six times the gambling revenue of Las Vegas and now a Macau-based company is going after a piece of the action. U.S.-based casino operators are reaping…
ThinkstockThe Russian proposal to put Syria’s chemical weapons stockpile under international control has changed the calculus on President Obama’s intention to take military action against the Middle Eastern country. The Russian proposal appears to…
ThinkstockWith the PC market withering and the mobile market exploding, the two big PC CPU makers should be having some trouble posting profit growth. But over the past 12 months, shares of Advanced Micro…
ThinkstockFrom all-time highs in 2007 and 2008, most solar makers’ stocks have plunged to around 50% of their value six years ago. U.S. solar makers First Solar Inc. (NASDAQ: FSLR) and SunPower Corp. (NASDAQ:…
courtesy Dell Inc.Calling his effort to stop the sale of Dell Inc. (NASDAQ: DELL) to company founder Michael Dell and private equity firm Silver Lake Partners “almost impossible,” activist investor Carl Icahn has said…
ThinkstockOral arguments are scheduled Monday in the federal appeals court in Washington, D.C., in a case brought by Verizon Communications Inc. (NYSE: VZ) against the Federal Communications Commission (FCC). At issue are the net…
courtesy Boeing Co.For the second time in less than a week, a 787 Dreamliner from Boeing Co. (NYSE: BA) owned by Norwegian Air Shuttle was forced to remain on the ground Sunday due to…
September 6, 2013: U.S. markets opened higher on Friday morning while even though this morning’s report on employment was weak because most traders believed that the weak report would convince the Fed to delay tapering…
ThinkstockEsther George, President of the Federal Reserve Bank of Kansas City, said in a speech Friday in Omaha, Nebraska, that a reduction of the Federal Reserve’s asset purchasing from its current level of $85…
courtesy of Apple Inc.For the three months ending in July 2013, Samsung Electronics closed the market share gap slightly between itself and Apple Inc. (NASDAQ: AAPL) in the U.S. smartphone market. Compared with market…
Courtesy Ford Motor Co.August was a very good month for U.S. sales of cars and light trucks. Industry research firm Kelley Blue Book (KBB) now estimates that seasonally adjusted annual sales in 2013 will…
ThinkstockLast year U.S. drivers consumed about 50,000 barrels a day less gasoline than they did in 2011. In the first half of 2013, drivers have cut consumption another 50,000 barrels a day. The primary…
ThinkstockChicago Federal Reserve Bank President Charles Evans said this morning that he expects U.S. GDP growth to surpass 3% in 2014 and that inflation will be “moving back toward” the Fed’s 2% target. But,…
Courtesy Xiaomi TechnologyFor a while there a couple of years ago, 3D TV was the next big thing with electronics manufacturers. Customers were far less enthusiastic and 3D television sets from makers like Samsung…
courtesy of AppleApple Inc. (NASDAQ: AAPL) is about to be pilloried again for “ethical and legal” labor violations at the Chinese factory of one of its parts suppliers. A watchdog group called China Labor…
thinkstockThe Belarusian Potash Company (BPC) lives again. Ever since Russian potash producer Uralkali pulled out of the trading company in late July, its sole partner, Belaruskali, has been fighting the dissolution, primarily by charging…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories decreased by 1.8 million barrels last week, maintaining a total U.S. commercial crude inventory to 360.2…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 58 billion cubic feet last week, compared with an expected build of about 53 billion to 57 billion cubic…
ThinkstockRetailers are announcing August same-store sales figures today. Research firm Retail Metrics projected an overall gain of 3.2% year-over-year, compared with a 4.2% gain in July and a 4.3% gain in June. Retail sales…