4 Most Important Things In Business Today
Oil hit a multimonth low. According to Reuters: Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic…
All Work
Douglas A. McIntyre
Mattress Firm Comes Out Of Bankruptcy But Closes Over 600 Stores
Mattress Firm, the largest mattress retailer in the U.S., has come out of bankruptcy. Over the course of the Chapter 11 process, which began on October 5, the company’s parent Steinhoff International Holdings stated…
Gap May Close Hundreds Of Stores
Gap Inc. (NYSE GPS) announced its third-quarter earnings. The numbers were not encouraging, nor was the company’s forecast. Results from Gap, one of the company’s three major brands along with Banana Republic and Old…
Global Economic Agency Says Worldwide GDP Has Peaked, Will Drop
The Organisation for Economic Co-operation and Development (OECD) issued its forecast for the global economy. The widely regarded agency reported worldwide GDP growth has peaked and will start to fall, particularly in the U.S.…
Troubled Victoria’s Secret Gets New CEO
Victoria’s Secret, the battered lingerie brand, has a new CEO. Parent L Brands, Inc. (NYSE: LB) reported John Mehas has been named Victoria’s Secret chief Mehas comes from successful clothing and accessories company Tory…
6 Most Important Things In Business Today
Bankrupt Sears wants to pay bonuses to some of its executives. According to The Wall Street Journal: Sears Holdings Corp. is seeking permission to pay its top executives millions of dollars in bonuses over…
6 Most Important Things In Business Today
Bitcoin hit its lowest level in over a year. According to Reuters: Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform BTC=BTSP. Bitcoin was…
Detroit Recovery Hit By Credit Agency
The much-publicized recovery of the economy of the City of Detroit is barely a recovery at all. What was once the world’s auto capital continues to lose population and its tax base. In some…
Drought Now Covers California, Nevada, Utah, Arizona, Oregon
Part of the reason California has become a tinderbox of trees and brush is that most of the state suffers from some level of drought. The problem is now actually worse in other states…
The US Postal Service Loses $4 Billion Ahead of Holiday Rush
The holiday season is when shipping companies and the U.S. Postal Service have their busiest periods. As the season starts, the USPS is struggling with huge losses.
New NASA Plane Will Go 940 MPH
NASA wants to build a plane that can travel above the speed of sound, which is 640 miles per hour, but without creating the huge sonic booms that shake the ground below the planes…
SpaceX Can Deploy Over 7,000 Broadband Satellites
SpaceX has added another large and pioneering service to a list that has mushroomed from commercial rockets to manned flight for private citizens.
6 Most Important Things in Business Today
T-Mobile's acquisition of Sprint soon may be complete, Apple to begin making feature-length films, Huawei aims to be the world's top smartphone company, and other important business headlines.
World Business Leaders Say Auto Tariffs Are Their Major Concern
In a recent survey of chief financial officers of huge multinational companies, their top concern was tariffs on automobiles.
Oxford English Dictionary’s Word of the Year Is ‘Toxic’
Once a year, the Oxford English Dictionary releases its word of the year. This year the word is "toxic."
6 Most Important Things in Business Today
China responds to American trade demands, Lockheed Martin signs huge contract, Uber's growth slows, and other important business headlines.
German Economy Shrinks, Raising Recession Worry
Germany's gross domestic product has contracted for a quarter, which raises questions about how enduring a recovery of Europe's economy will be at the end of 2018 and into 2019.
US Strategic Petroleum Reserve’s 700 Million Barrels Is Huge Safety Net
If there is a major export cut from the Saudis, OPEC or any other large producers, the United States has a massive buffer in the Strategic Petroleum Reserve.
Why This NVIDIA Partnership Is a Big Deal
The graphics specialist can make a big splash in self-driving trucks.
6 Most Important Things in Business Today
Snap is being investigated, Toys "R" Us has a new Chapter 11 payment plan, Starbucks will cut some corporate workers, and other important business headlines.