Coverage: Consumer spending rises in September
U.S. consumer spending rose in September by a solid, inflation-adjusted 0.3 percent, led by increased spending on health care services and motor vehicles. Josh Boak of the Associated Press had the news: Consumer spending accounts for the majority of U.S. economic activity, and it was the key driver of overall growth during the July-September quarter. The […]
Talking Biz News Today — Oct. 30, 2018
Some of Tuesday’s top business news stories: Associated Press At a small U.S. factory, Trump’s trade war forces hard changes, by Christopher Rugaber As stocks plunge, should you overhaul your financial plan? by Stan Choe Bloomberg Snap CEO picked a new business chief, then changed his mind, by Sarah Frier Restaurants shrink as food delivery apps get more […]
Coverage: IBM is buying Red Hat for $34 billion
IBM Co. announced Sunday afternoon that it will acquire open-source software company Red Hat Inc. for $34 billion, helping IBM expand its reach as an enterprise cloud computing provider. Andrew Liptak of The Verge had the news: Red Hat describes itself as a leading provider of open source software and services for enterprise customers, focusing on cloud computing […]
Talking Biz News Today — Oct. 29, 2018
Some of Monday’s top business news stories: Associated Press Pot, property values are focus of upcoming federal trial, by Kathleen Foody Shoppers may face hard choices again on health marketplaces, by Tom Murphy Bloomberg Earnings season flop leaves a short list of stock market saviors, by Sarah Ponczek Tesla punts solar-roof production ramp up, citing “complexity,” by Brian Eckhouse […]
Coverage: Amazon.com’s holiday forecast disappoints investors
Amazon.com Inc. on Thursday forecast holiday season sales that disappointed Wall Street, attributing what would be its lowest growth in years more to accounting issues than to any slowdown in business for the world’s largest online retailer. Jeffrey Dastin and Arjun Panchadar of Reuters had the news: Amazon’s third-quarter sales and its forecast for fourth-quarter operating profit missed analyst […]
Talking Biz News Today — Oct. 26, 2018
Some of Friday’s top business news stories: Associated Press Buckle up: Wall Street volatility is back with a vengeance, by Marley Jay Airline revenue is rising but so too are costs, by David Koenig Bloomberg Google CEO tries to calm staff after report on misconduct, by Alistair Barr Chipotle rebounds on promise of in-care pickup, high-tech future, by Leslie […]
Coverage: Stock market drop erases 2018 gains
The stock market sell-off on Wall Street intensified Wednesday, knocking the Dow down more than 600 points and wiping out the gains for the year for the blue-chip average and the broad Standard & Poor’s 500 index. Adam Shell of USA Today had the news: Technology stocks, which had been the best-performing part of the market earlier […]
Talking Biz News Today — Oct. 25, 2018
Some of Thursday’s top business news stories: Associated Press Tech companies lead another steep sell-off in U.S. stocks, by Alex Veiga Ford’s 3Q net profit falls 37% on slowing sales, by Tom Krisher Bloomberg With stock market in free-fall, earnings mean almost nothing, by Sarah Ponczek and Elena Popina Top tech moguls lose $33 million as Nasdaq drops most since […]
Coverage: Tesla shares rise in advance of earnings release
Tesla Inc. moved its third-quarter earnings release up two weeks to Wednesday, causing the electronic carmaker’s stock to rise by more than 12 percent. Nora Naughton of the Detroit News had the story: Analysts and industry observers are predicting Tesla — beset by manufacturing problems, distribution snafus and a confrontation with securities regulators — to report a profit or near-profit for […]
Talking Biz News Today — Oct. 24, 2018
Some of Wednesday’s top business news stories: Associated Press Stocks mostly recover from an early plunge on Wall Street, by Alex Veiga Target offers two-day shipping with no minimums for holiday, by Anne D’Innocenzio Bloomberg Mom and Pop are buying the dip in stocks while pros stay put, by Lu Wang and Vildana Hajric Tesla skeptic Andrew Left is now […]
