Costco Wholesale‘s conference call with investors about its latest quarterly earnings report is “very disturbing,” CNBC’s Jim Cramer said Friday. In the call, Costco Chief Financial Officer Richard Galanti addressed concerns about Amazon Prime accounts impacting Costco memberships. Galanti said slowing membership signups were a result in part of the timing of new initiatives the […]
Read moreIf you’ve ever seen a black and yellow sign in New York City marking a nuclear fallout shelter, don’t be fooled into trying to take cover there. In all likelihood, the bunker no longer exists. The signs that you see speckled across the city are historic relics of the Cold War, harking from a time […]
Read moreHurricanes Harvey and Irma did a number on the September job report. That the storms hit job growth hard during the month is no surprise, and while there was much uncertainty over how bad the hit would be, it was worse than most economists, including me, anticipated. The biggest economic casualties of the storms were […]
Read moreAIM is putting up a permanent away message. AOL’s instant messenger announced Friday it’s shutting down effective Dec. 15. It thanked it’s “buddies” in a tweet for helping to make chat history. tweet “AIM tapped into new digital technologies and ignited a cultural shift, but the way in which we communicate with each other has […]
Read moreChipotle’s September launch of the queso will not be enough to turn around the burrito restaurant chain’s sales, according to one Wall Street firm. Cowen reiterated its underperform rating for Chipotle shares, predicting the company’s third-quarter sales will come in below expectations. “With proprietary survey data indicating Chipotle’s quality perceptions are near trough levels, we […]
Read moreFewer than 1 million people view Amazon‘s critically acclaimed show, “Transparent,” according to The Wall Street Journal. Amid a disappointing showing at this year’s Emmys, an Amazon Studios executive said “we’re getting chewed up,” according to a Journal report published on Friday. The creators of hits like “The Shield” and “Ally McBeal” — both of […]
Read moreWhy in the world would Major League Baseball home run statistics track the U.S. stock market? It’s tempting to dismiss such a finding as a wild coincidence or a fluke, but as you can see in the chart, the relationship between the two has persisted for nearly 150 years. What’s more, it gets even stronger […]
Read moreSpain apologized Friday for a violent police crackdown on Catalonia’s independence referendum, in a conciliatory gesture as both sides looked for a way out of the nation’s worst political crisis since it became a democracy four decades ago. Spain’s representative in northeast Catalonia, which accounts for a fifth of the national economy, made the apology […]
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The bonds market is closed Monday due to the Columbus Day holiday. Please see below for Friday’s story. U.S. government debt yields jumped Friday after metrics in the latest Labor Department jobs report showed budding signs of inflation. The closely watched average hourly wages figure rose by an annualized 2.9 percent, a faster pace than […]
Read moreSwitch shares jumped more than 30 percent on the stock’s first morning on the market. The data-center operator was valued at around $4.2 billion in a 31.3 million share IPO. The company raised $531.3 million in the offering, with shares priced at $17, above the expected the range of $14 to $16. Shares opened at […]
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