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Business, Economy

“Natural gas drops 7%, sharpest decline since January following big run-up on supply concerns”

“Natural gas futures dipped as much as 8% on Wednesday, pulling back from a more than seven-year high above $6 per million British thermal units hit during the prior session. The contract for November delivery fell to a low of… Continue Reading…

Business, Economy

Trend: Auto Sales Seem To be down Across The Board

I was looking through the news and seen some what of a trend. “Japanese automakers’ China car sales tumbled in August” https://finance.yahoo.com/news/japanese-automakers-china-car-sales-083033156.html “Ford’s U.S. sales decline 33% in August as chip shortage devastates auto industry” https://www.cnbc.com/2021/09/02/fords-us-sales-fall-33percent-as-chip-shortage-devastates-auto-industry.html “Russia’s August auto sales… Continue Reading…

Business

“Coca-Cola earnings top estimates, despite 9% decline in revenue”

“Coca-Cola on Thursday reported that its third-quarter revenue fell 9% as the coronavirus pandemic weighed on demand for fountain soft drinks, Powerade and Dasani. But the company topped earnings estimates, sending shares up 3% in premarket trading. Here’s what the company reported for… Continue Reading…

Business, Economy

“JPMorgan Projects 50%-Plus Airline Revenue Decline In 2021”

“JPMorgan is cautious on the airline industry and reducing its forecasts on the basis of conservative demand.  The Airline Analyst: Jamie Baker upgraded JetBlue Airways (NASDAQ: JBLU) from Underweight to Overweight with a $17 price target.  Baker upgrades United Airlines (NASDAQ: UAL) from Neutral to Overweight and raised… Continue Reading…

Economy

“Oil jumps more than 10% for the week following OPEC meeting, decline in U.S. inventory”

“Oil prices were mixed on Friday after a Libyan commander said a blockade on the country’s oil exports would be lifted for a month, while a declining U.S. equities market also weighed on futures… Brent fell 55 cents to $42.75 a… Continue Reading…

Stocks

“Tesla shares slide 9% as traders take profits from 2020′s high-flying stocks”

“…The stock dropped 9%, building on a 5% decline from the previous session. Friday’s losses put Tesla on track for its first back-to-back weekly decline since early May; the stock was also headed for its worst day since May 1.… Continue Reading…

Stocks

“Hexo’s stock falls after $25.5 million stock offering program announced”

“The U.S.-listed shares of Hexo Corp. HEXO, -4.99% sank 8.0% in premarket trading Wednesday, after the Canada-based consumer packaged goods cannabis company announced a C$34.5 million ($25.5 million) at-the-market stock offering program…” https://www.marketwatch.com/story/hexos-stock-falls-after-255-million-stock-offering-program-announced-2020-06-17?siteid=yhoof2&yptr=yahoo 

Economy

“Jobless claims total 2.4 million, still elevated levels but a declining pace from previous weeks”

“First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. Economists surveyed by Dow Jones had been looking for 2.4 million claims. The seasonally adjusted… Continue Reading…

Economy

“Retail sales plunge a record 16.4% in April, far worse than predicted”

“Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%… Continue Reading…

Economy

“U.S. Factory Production Plummets by Most in Records to 1919”

“U.S. factory production plummeted in April by the most in records back to 1919 as coronavirus-related shutdowns exacted a bigger toll on the economy. Output slumped 13.7% from the prior month after a revised 5.5% decrease in March, Federal Reserve… Continue Reading…