Unemployment Drops Below 3% in 10 States
In December, the unemployment rate was 3.9% nationwide, according to new data from the Bureau of Labor Statistics. However, in ten states, it was much lower than that, dropping below 3% in each one…
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Douglas A. McIntyre
Ford Exits Detroit Car Show in More Trouble Than When It Went In
The North American International Auto Show in Detroit is one of the world's largest venues for manufacturers to launch new cars and for industry CEOs to explain their visions for the year ahead. But…
Goldman Sachs Surges as Best Performing Dow Stock
What a difference a year makes. In 2018, Goldman Sachs was among the worst performing among the components of the Dow Jones industrial average. So far this year, it is the best.
US to Be World’s Largest Oil Producer in 2019
While other nations struggle to increase their crude production, and while some throttle back exports to drive the price of oil higher, the United States will be the largest oil producer of 2019.
Tesla to Cut Workforce by 7%
Tesla's CEO said he could cut his workforce 7%, even though the company needs to increase production of its inexpensive Model 3. He did not make it clear how he could both cut staff…
5 Huge Industries That Will Be Hurt by Government Shutdown
The government's partial shutdown will hurt some parts of the economy much more than others, and that pain has already started.
Gymboree Latest Retailer to Go Bankrupt
Children's clothing company Gymboree will follow several other retailers into Chapter 11. The company is expected to liquidate all 800 stores under its flagship brand.
NBCUniversal Launches Streaming Services, Up Against 10 Giants of Industry
NBCUniversal became the most recent of the mega-media companies to launch a streaming media service. There is already stiff competition in the United States.
Wall Street Still Doesn’t Believe in Ford
Though Ford announced a broad-ranging alliance with Volkswagen, its stock fell despite tremendous press coverage of the deal.
LA Teacher Strike Sidelines 600,000 Students
Teachers at the Los Angeles Unified School District, one of the largest in the nation, have gone on strike to protest what they claim are classes with too many students.
TSA Walkout at 10 Biggest Airports Would Ground a Third of All Flights
More and more of TSA workers have decided not to show up at work because they are not being paid due to the partial government shutdown. That has started to snarl the passenger lines…
Gymboree Latest Retailer to Go Bankrupt
Children's clothing company Gymboree will follow several other retailers into Chapter 11. The company is expected to liquidate all 800 stores under its flagship brand.
Most Americans Don’t Expect Their Finances to Improve
As a partial government shutdown begins to bite the economy, trade friction with China increases and real wages have been close to static for over a decade, Americans do not think their financial situations…
Walmart Drops Prices 50% to Clear Inventory
Walmart, like most retailers, did not sell all the inventory it ordered for the holiday season. That is almost certainly the reason it has put a large number of items on sale for 50%…
Boeing Is Best-Performing Dow Stock of 2019
Boeing has shrugged off concerns that Chinese sanctions will hurt its business there and, with a huge backlog of orders, is the best performing Dow stock of 2019.
Bud Light Will Display Nutritional Information on Packages
Bud Light, one of the best-selling products from beer giant Anheuser Busch, will start to show nutritional information on the packages that contain its cans.
As Shutdown Lingers, Trump Remains Odds on Favorite to Win in 2020
The partial shutdown of the federal government and violent tug-of-war over the construction of a wall between the United States and Mexico has not hurt Donald's Trump's odds to win the next election.
Disney CEO Iger Makes $65 Million
Robert A. Iger has been the CEO of Walt Disney Co. (NYSE: DIS | DIS Price Prediction) since 2005. Over that period, Disney’s cable, TV and film businesses have changed the face of the…
The Government Still Forecasts the Weather, for Now
People take weather reporting for granted, which for decades has been the case. The National Weather Service, the core of the nation's weather tracking operations remains open, for now.
US Car Buyers Get Record High Mileage in 2018
U.S. car buyers got the best mileage in history in 2018, according to a new study. That was due both to the more efficient engines manufacturers put in their cars and to moderate gasoline prices.