Today the retail industry got a small piece of good news in the form of some data from July that was better than expected. The government announced this morning that retail sales last month were up 0.6 percent during the previous month and more than 4 percent from this time last year. Not bad for […]
Kraft-Heinz will release second quarter earnings after the markets close on Thursday. Those profits may be squeezed by an ongoing price war between Amazon and Walmart. Suppliers like Kraft have found themselves caught in the crossfire as the two giant retailers pressure them for lower prices. Click the audio player above to hear the full […]
The Dow Jones Industrial Average hit 22,000 for the first time today, thanks in part to strong corporate profits. But while all eyes are on the Dow, less attention is being paid to another measure of the U.S. economy: the strength of the dollar. The greenback has dropped 10 percent since January. Why? And what […]
Alan Greenspan is warning in an interview with Bloomberg that we are in a bubble, a bond market bubble. The former Fed Chairman is concerned that inflation might surprise us and bond prices might fall sharply at some point in the near future. Here’s why that would be a disruptive thing. Click the audio player […]
Earnings season is well underway, and so far corporate profits for the second quarter have been pretty good. Surprisingly good, actually. Of the companies in the S&P 500 index that have reported results so far, most have exceeded analysts’ expectations. Plenty of earnings news is still to come, including reports tomorrow from biggies like Apple, […]
Apple’s earnings are out Tuesday amid speculation about its next iPhone offerings. One possibility: that the next iteration will include a souped-up, expensive model that could even break the $1,000 price tag. What features could lure customers to pay that kind of money? And how would phone companies adjust their payment schedules to help customers with […]
Venezuelans head to the polls on Sunday to elect members for a “constituent assembly” that would rewrite the country’s 18-year-old constitution. This week, the United States imposed new sanctions on top officials in President Nicolas Maduro’s government to try to stop the rewrite. Click the audio player above to hear the full story.
