Coverage: Pending home sales rise slightly in March
Slightly more Americans signed contracts to buy homes in March, yet higher mortgage rates and a shortage of available houses are weighing on sales. Christopher Rugaber of AP had the news: The National Association of Realtors said Monday that its pending home sales index ticked up 0.4 percent last month to 107.6. It was the second […]
Talking Biz News Today — May 1, 2018
Some of Tuesday’s top business news stories: Associated Press Drivers facing most expensive driving season in years, by Alex Veiga U.S. risks trade fight with Europe as sanctions delay expires, by Christopher Rugaber and Ken Thomas Bloomberg WhatsApp CEO’s early exit from Facebook could cost him $1 billion, by Tom Metcalf and Anders Melin Twitter inks more than 30 video deals with […]
Talking Biz News Today — April 30, 2018
Some of Monday’s top business news stories: Associated Press China’s JD.com looks to Silicon Valley center for innovation, by Anne D’Innocenzio Trump’s threats on trade unsettle framing, ranching backers, by Matthew Brown and Matt Volz Bloomberg Danish mortgage backers told to stop wining about capital rules, by Frances Schwartzkopff Is stock market volatility good for the art market, by James Tarmy […]
Coverage: Amazon’s earnings overwhelm Wall Street
Amazon.com Inc. on Thursday reported its best revenue growth in more than six years while topping $1 billion in profit for the second straight quarter, surprising investors who expected a more modest profit. Eugene Kim of CNBC.com had the news: Amazon’s revenue, which includes sales from Whole Foods, increased 43 percent year-over-year. Its North America revenue jumped […]
Talking Biz News Today — April 27, 2018
Some of Friday’s top business news stories: Associated Press Microsoft Windows adapts as its business importance declines, by Matt O’Brien Amazon raising price of annual Prime membership to $119, by Joseph Pisani Bloomberg Tesla shareholder urges board to name an independent chairman, by Dana Hull Apple officially discontinues its AirPort wireless routers, by Mark Gurman Fortune Microsoft is abandoning […]
Coverage: Facebook earnings beat expectations despite scandal
Facebook Inc. reported quarterly earnings and revenue well above expectations on Wednesday, as it made more ad money from each user despite recent scandals. Anita Balakrishnan of CNBC.com had the news: The quarterly results also emphasized Facebook’s ongoing hiring investments and expansion into mobile. Mobile ad revenue is now 91 percent of the total, and headcount increased 48 percent […]
Talking Biz News Today — April 26, 2018
Some of Thursday’s top business news stories: Associated Press Deutsche Bank steps back from ambition to be a global player, by David McHugh U.S. durable goods orders up 2.6 percent in March, by Martin Crutsinger Bloomberg Ford is getting out of almost all of the American car business, by Keith Naughton The next 9 days will teach us a […]
Coverage: 10-year Treasuries hit 3 percent
The yield on the benchmark 10-year Treasury note hit the key psychological level of 3 percent Tuesday for the first time since January 2014. Thomas Franck of CNBC.com had the story: “It’s certainly a psychological level for people,” said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management. “We have a lot of supply this […]
Talking Biz News Today — April 25, 2018
Some of Wednesday’s top business news stories: Associated Press Cambridge Analytica fights back on data scandal, by Danica Kirka Sell-off in industrial, tech stocks sends Dow down 400, by Marley Jay Bloomberg Texas Instruments gives rosy sales forecast; sales jump, by Ian King Generic-drug companies to face first charges in U.S. probe, by David McLaughlin and Drew Armstrong Fortune Nvidia uses […]
Coverage: Hedge fund run by Sears CEO wants to buy retailer’s assets
ESL Investments, the hedge fund led by Sears Holdings CEO Eddie Lampert, is proposing to buy the Kenmore brand, Sears’ home improvement business, its PartsDirect division and some of the chain’s real estate. Lauren Thomas of CNBC.com had the news: The Florida-based firm said it believes the value of Sears’ businesses are not being reflected in the capital […]
