Coverage: Oil prices at five-year low
Oil has dropped to a five-year low and investors, companies and essentially everyone will be affected. Some are rejoicing lower gas prices for the upcoming holidays, while others are losing money. USA Today’s story by Gary Strauss had these details about the latest moves: Crude oil prices accelerated their six-month slide Monday, plunging to fresh […]
Coverage: The New Republic debacle
Recent changes at The New Republic have left the magazine in turmoil with staff resigning and the next issue cancelled. The transition, like other media outlets, has been rocky. The New York Times had this story by Jonathan Mahler and Ravi Somaiya: But when the 28-year-old Chris Hughes snapped up The New Republic in 2012, […]
Coverage: Coffee from Starbucks gets fancier – really
Apparently a $4 pumpkin spice latte isn’t fancy enough. Starbucks is trying to capture the high-end coffee market by launching a new brand. As more places serve the brew, the coffee has lost some of its luxury luster, something it is trying to recapture. Craig Giammona had this story for Bloomberg: Starbucks Corp. is opening a store in […]
Coverage: The real state of employment
Employment numbers are closely watched by money manager, economists and just about anyone else trying to understand the state of the economy. While unemployment has been steadily dropping, hiring could be slowing. Companies are adding workers, just not at the expected pace. Dan Burns had these numbers in his story for Reuters: U.S. private employers […]
Coverage: Sony versus the North Koreans
Sony has been hacked, and some are saying it’s because the North Koreans are angry over a new movie. One thing is certain, the damage is widespread and causing some embarrassment. Bruce Einhorn had these details for Bloomberg Businessweek: Sony (SNE) was warned. After learning of the company’s plans to release a James Franco-Seth Rogen comedy about […]
Coverage: Amazon making holiday moves
Amazon has been under pressure from some investors to boost its bottom line. One thing is certain; the company is good at generating buzz at opportune times. This year, it’s talking about the robots it’s using to help fill orders. The Huffington Post story by Timothy Stenovec pointed out that in 2013 Amazon was talking […]
Coverage: Black Friday sales slump
Black Friday might not be doing enough to put retailers in the black for the year. The initial numbers are back, and sales dropped 11 percent from the previous year. Shelly Banjo had these details in a story for The Wall Street Journal: Retail spending over the Thanksgiving weekend fell 11%, according to the main […]
Coverage: Black Friday deals and sales
The day after Thanksgiving, which is known as Black Friday, is the traditional beginning of the holiday shopping season as consumers scramble from store to store in search of deals. Malls are packed, and in recent years some discount retailers have begun opening on Thanksgiving to accommodate crowds and the early birds. But many people […]
Coverage: U.S. economy growing faster than expected
The U.S. economy expanded more in the third quarter than experts originally thought. Gas prices are falling, unemployment is dropping, and businesses are investing more. Paul Davidson had this story in USA Today: The U.S. economy grew more rapidly than initially believed in the third quarter, as solid consumer and business spending more than offset […]
Coverage: Citigroup to pay fine over analysts
Citigroup is in trouble for activities performed by some of its analysts. FINRA is leveraging its largest fine in a decade, but it’s hard to see how much it is actually going to hurt the bank. Dakin Campbell had this story for Bloomberg: At a July 2011 dinner for Citigroup Inc. (C) clients, a research analyst identified […]
