Coverage: Strong dollar hits earnings
While it might seem counterintuitive, a strong U.S. dollar is being blamed for lower corporate earnings this quarter. Companies from Procter & Gamble to Pfizer are reporting results below analysts’ estimates and blaming the demand for U.S. assets. Paul Ziobro, Josh Mitchell and Theo Francis had this story for The Wall Street Journal: The stronger […]
Coverage: Mattel CEO ousted
The holiday season wasn’t kind to Mattel, and its chief executive officer is paying the price. CEO Bryan Stockton resigned as the toymaker’s profit continued to drop. The Washington Post story by Sarah Halzack had these details: As recently as October, Bryan Stockton was touting his big plans for a turnaround of Mattel. The toy […]
Coverage: Commodities still top story
The price of oil has been making headlines for weeks, and this one is no exception with oil falling to its lowest level in six years. As prices keep dropping, the coverage gets more intense. Heesu Lee had this story for Bloomberg: Oil fell to the lowest level in almost six years as signs that Saudi […]
Coverage: ECB announces stimulus
The European Central Bank is looking to help the European economy grow more quickly by purchasing assets well into 2016. The Wall Street Journal had this story by Brian Blackstone and Paul Hannon: The European Central Bank said Thursday it plans to purchase over €1 trillion ($1.157 trillion) in public and private sector bonds by […]
Coverage: eBay to cut jobs
EBay earnings offered a lot of news for investors on Wednesday. The company beat expectations, said it was going to cut jobs, and announced Carl Icahn would join the board. Kaja Whitehouse had these details in her story for USA Today: Online retailer eBay on Wednesday beat earnings expectations but warned of plans to reduce […]
Coverage: IBM earnings disappoint
IBM CEO Virginia Rometty has some explaining to do. The technology giant is struggling to make enough money to satisfy investors, and her plans for a turnaround are lagging expectations. IBM had another disappointing quarter, reporting lower revenue for the fourth quarter. The Wall Street Journal story by Maria Armental had these details about the […]
Coverage: China growth slowest in 24 years
While the U.S. economy seems to be growing at a steady rate, the Chinese economy grew at the slowest rate in nearly a quarter century. That doesn’t bode well for all the other countries that depend on Chinese investment Alexandra Stevenson wrote for The New York Times that the slowdown is rare: As demand for […]
Coverage: Uber CEO looks to Europe
After coming under fire for its U.S. business practices, Uber CEO Travis Kalanick said the company was looking to expand in Europe. He also vowed the company would be good for European cities. The Wall Street Journal by Amir Mizroch and Ellen Emmerentze Jervell had these details about Kalanick’s speech: The chief executive of Uber […]
Coverage: Banks having a rough quarter
Banks are having a tough time in 2015. Profits are dropping, trading is down, and the regulatory landscape is murky at best. As of Thursday several of the largest financial firms reported fourth quarter earnings, showing that despite the larger economic recovery, some firms continue to struggle. The Wall Street Journal story by Christina Rexrode […]
Coverage: Retail sales drop in December
Stocks took a dive on Wednesday in part after December’s retail sales numbers dropped, something watchers were not expecting. But how consumers’ are doing continues to remain slightly puzzling. The New York Times had this analysis by Hiroko Tabuchi: Retail sales unexpectedly dropped 0.9 percent in December from the previous month, according to figures released Wednesday by […]
