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Economy

“Worker output fell 7.5% in the first quarter, the biggest decline since 1947”

“…Nonfarm productivity, a measure of output against hours worked, declined 7.5% from January through March, the biggest fall since the third quarter of 1947. At the same time, unit labor costs soared 11.6%, bringing the increase over the past four… Continue Reading…

Economy

“Why traders think the US economy is about to go into reverse”

“Part of the Treasury yield curve has inverted, a strong signal that nervy investors are bracing for a US recession. Yields on short-term government debt are surging in a global bond rout as expectations rise of central banks responding to… Continue Reading…

Economy

“Jobless claims post sharp decline to 326,000, better than expectations”

“The total of Americans submitting jobless claims fell sharply last week as enhanced federal unemployment benefits wound down, the Labor Department reported Thursday. Initial filings for unemployment benefits totaled a seasonally adjusted 326,000 for the week ended Oct. 2, below… Continue Reading…

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