Talking Biz News Today — Nov. 20, 2018
Some of Tuesday’s top business news stories: Associated Press Limiting screen time for your kid? It’s harder than it looks, by Martha Irvine U.S. stocks take sharp losses as tech, internet companies drop, by Marley Jay Bloomberg Tech rout puts Silicon Valley on hedge, by Sarah Ponczek and Jeran Wittenstein Cryptocurrencies plummet, with Bitcoin falling below $5,000, by Vildana Hajric […]
Coverage: Manufacturing activity rises for fifth straight month
U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity. Lucia Mutikani of Reuters had the news: The Federal Reserve said on Friday manufacturing production rose 0.3 percent last month. Data for September was revised up to show output […]
Talking Biz News Today — Nov. 19, 2018
Some of Monday’s top business news stories: Associated Press “Fantastic Beasts” flies to top of weekend box office, by Andrew Dalton Pope decries that “wealthy few” feast on what belongs to all, by Frances D’Emilio Bloomberg Musk says SpaceX isn’t planning to reuse the Falcon 9 rocket, by Maria Jose Valero Oil demand for cars is already falling, […]
Coverage: Walmart sales grow ahead of the holidays
Walmart reported better-than-expected third-quarter earnings amid solid same-store sales and accelerating e-commerce growth even as overall revenues were in line. Elaine Low of Investor’s Business Daily had the news: Estimates: Wall Street had expected Walmart earnings to rise 2% to $1.02 a share on 1.3% revenue growth to $124.856 billion, according to Zacks Investment Research. Some consensus […]
Talking Biz News Today — Nov. 16, 2018
Some of Friday’s top business news stories: Associated Press Technology companies, banks lead rebound for U.S. stocks, by Alex Veiga FDA to crack down on menthol cigarettes, flavored vapes, by Mike Stobbe Bloomberg Nvidia gives lackluster forecast on inventory, shares plunge 16%, by Ian King Facebook morale, already suffering from stock drop, takes another hit, by Sarah Frier Fortune […]
Coverage: PG&E plunges amid evidence it may be at fault for California wildfires
Shares of utility PG&E fell 21 percent on Wednesday after the company said that if its equipment is responsible for the “Camp Fire” burning in Northern California, the cost of the damage would exceed its insurance coverage and harm its financial health. Thomas Franck of CNBC.com had the news: “While the cause of the Camp Fire is still […]
Talking Biz News Today — Nov. 15, 2018
Some of Thursday’s top business news stories: Associated Press Stung by Amazon’s rejection, cities look on the bright side, by Mike Catalini Hearing reveals chilling details of fatal Southwest flight, by David Koenig and Claudia Lauer Bloomberg Another Apple supplier just cut its forecast, by Mark Gurman Powell says strong economy faces headwinds as Fed weighs policy, by Jeanna Smialek, Craig […]
Coverage: Oil prices fall most since 2015 on oversupply fears
The oil market is undergoing a stunning reversal as crude futures fell their most since 2015, wiping out this year’s gains after hitting their highest levels since 2014 just six weeks ago. Tom DiChristopher of CNBC.com had the news: The slump reflects a fundamental change in the outlook for the oil prices. A month ago, traders […]
Talking Biz News Today — Nov. 14, 2018
Some of Wednesday’s top business news stories: Associated Press Amazon’s growing pains in Seattle offer lessons to new hosts, by Sally Ho Energy companies lead U.S. stocks lower after oil price plunge, by Alex Veiga Bloomberg FBI is probing OneTaste, a sexuality wellness company, by Ellen Huet Goldman stock decline has Wall Street wondering when it ends, by Claire […]
Coverage: Kellogg wants to sell its cookies and fruit snacks to focus on breakfast
Kellogg Co. is selling its Keebler, Famous Amos and fruit snacks businesses, making it the latest Big Food company to look to pare down to focus on its core. Dawn Kopecki and Lauren Hirsch of CNBC.com had the news: The maker of Special K cereal said Monday it is focusing on its morning foods, snacks and frozen foods brands, […]
