U.S. employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The White House says the gains are raising hopes for a stronger economy in the second half of 2013. (July 5)
Kathryn Minshew, cofounder and CEO of the career advice and job listings site The Muse, hadn't been looking to hire a head of marketing in 2012. Then she received a LinkedIn message from Elliot Bell that changed her mind. Bell was hired as the director of marketing a few months later.
Ten retailers in particular are at high risk of defaulting this year, according to an analysis by S&P Global Market Intelligence. This chart shows the likelihood that each retailer will default within a year, classified below as the "1-year PD," according to S&P Global Market Intelligence.
So much for people using their tax refund checks for a few splurges at fast casual restaurant Chipotle (CMG) in the first quarter. Same-store sales for the restaurant industry fell 1.6% in the first quarter, marking the fifth consecutive quarter of negative results, according to industry research firm Black Box Intelligence. The last time the industry experienced a similar ugly period was in 2009 and the first half of 2010 as the economy was in the grips of the Great Recession. Restaurant traffic plunged 3.6% in the quarter, says Black Box Intelligence, with the average check up 1.9%. The increase in check is of little comfort: it's slower than the average 2.3% increase seen in 2016 as brands
The restaurant industry is in a prolonged slump and no segment is having a harder time than the fast casual niche. Once the darling of the restaurant space, fast casual chains are struggling mightily to keep pace with even traditional quick-serve restaurants. The fast casual concept tapped into customers looking for a meal that was a step up from fast food with fresher, healthier ingredients that were served quickly, in a pleasing environment, at a reasonable price. The growing trend was epitomized by chains like Chipotle Mexican Grill (NYSE:CMG) and Panera Bread (NASDAQ:PNRA), which applied those concepts to Mexican food and sandwiches, respectively. Although both of those chains have faced
MANILA/BEIJING (Reuters) - Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere. Analysts say the revocations were unlikely to be a direct response to Trump's plan, but rather a part of China's reform measures aimed at reducing surplus steel capacity that many estimate at around 300 million tonnes, about three times Japan's annual output. The official China Daily said Washington's move to investigate steel imports could trigger a trade dispute between the United States and its trading partners.
NEW YORK (AP) -- Samsung's latest phones feature big wraparound screens and lots of glass. They also appear to break more easily, according to tests run by SquareTrade, a company that sells gadget-repair plans. The
Pipeline giant Kinder Morgan (NYSE:KMI) could be positioning itself to offer retirees sustainable income by emerging much stronger from the problems that originally forced it to cut its dividend in late 2015. It might seem crazy to consider a company whose most recent dividend move was a 75% cut as being capable of offering sustainable income, but Kinder Morgan just might be able to pull it off. The reason is simple: Unlike many companies forced by poor operating results to slash their dividends, Kinder Morgan was forced to make the cut by its balance sheet, rather than its operations. After Kinder Morgan acted as something of a white night to bail out the struggling Natural Gas Pipeline Company of America, Moody's threatened to downgrade its debt to junk status because of its increased leverage.
Tensions are high at ESPN and it's not because the NFL draft is right around the corner. Yahoo Finance's Dan Roberts is here with the details.
In late 2014, when crude oil was vacillating between roughly $60 and $80 a barrel, Tom Kloza of the Oil Price Information Service called for a plunge in crude prices over the next year. Now, Kloza sees further downside for the commodity that's already tumbled nearly 8 percent this year as U.S. production keeps climbing. "Back to the drawing board for crude oil prices," he remarked Friday in an interview on CNBC's "Trading Nation." Kloza's comments come on the heels of crude oil's worst weekly performance since early March, in which the commodity lost nearly 7 percent to settle just below $50 a barrel. "It's the sense that too much gasoline and really a drop in U.S. demand in particular, but a little bit of softness in India and some other places, is going to lead to an undertow for refinery runs," Kloza, who co-founded the Oil Price Information Service and is the firm's global head of energy analysis, said Friday.
The short answer is that the average American claims Social Security at 64.5 years of age. Most people claim at or before their full retirement age and less than 10% wait longer to claim benefits. However, the data shows that over time, more people are waiting longer to claim their benefits than in previous generations. Here are the details of when Americans claim Social Security and how your age will affect your own Social Security benefit. When do Americans claim Social Security? According to data from the Social Security Administration for 2015, the most recent year for which data is available, 2,838,988 Americans claimed Social Security retirement benefits. Of this amount, 1,668,226 people
GoPro, Inc. GPRO is slated to report first-quarter 2017 results, after the closing bell on Apr 27. The company has had a choppy earnings history, having beaten estimates twice for as many misses in the trailing four quarters, for a modest average positive surprise of 0.2%. Last quarter, GoPro surpassed estimates by 33.3%.
Altria Group (NYSE:MO) is one of the best-performing stocks of all time. Building on the success of its Marlboro cigarette brand, Altria has gone through huge transformations over the course of its history and faced plenty of threats. Yet when you look at what has made it so successful, as The Wall Street Journal did over the weekend, it really boils down to two things. First, Altria has found a way to survive despite an onslaught of attacks that many believed would eventually drive the tobacco company bankrupt. Second, Altria has used its brand awareness to create pricing power, and price increases have helped the cigarette maker produce growth in revenue and profits even as sales volumes have
On Monday, Verizon announced the launch of its Fios Gigabit Connection, which offers 940 Mbps download speeds and 880 Mbps upload speeds to customers in eight US regions. The service will be offered at a standalone price of $69.99 per month, less than half of the $150 charged for Verizon's previously top-speed 750 Mbps service tier. While the service doesn't technically offer gigabit speeds, it comes very close, and at a more standard price point than what it previously charged for 750 Mbps.
U.S. President Donald Trump pressed Democrats on Monday to include funds for his promised border wall with Mexico in spending legislation as lawmakers worked to avoid a looming shutdown of the federal government. Republicans control both chambers of Congress, but a White House-backed bill to gut former President Barack Obama's Affordable Care Act, popularly known as Obamacare, failed to gather full party support and imploded last month. Congressional leaders will likely have to decide by late on Tuesday whether negotiations are progressing enough to try to pass a spending bill funding the government through September, Senator Roy Blunt, a member of the Republican leadership and Senate Appropriations Committee, told reporters on Monday.
Wall Street is betting Sprint Corp. and T-Mobile US Inc. will soon revive talks on a blockbuster merger, but a recent surge in demand for wireless assets has Sprint exploring other ways to unleash value. Sprint’s parent SoftBank Group Corp. believes the company’s vast trove of wireless spectrum, which can be used for faster 5G services, has been undervalued, a view bolstered by AT&T Inc.’s lofty $1.6 billion purchase of Straight Path Communications Inc., according to people familiar with the matter.
Saving receipts every time you donate money to a charitable organization, maximizing your education tax breaks, or buying your first house could all put more money back in your pocket at tax time next year, just to name a few. Not only can you get a nice tax break for your contributions to an IRA, 401(k), or other retirement plan, but by taking advantage of this, you'll also be building up a nest egg, and getting closer to financial freedom later in life. When you save and invest in a tax-deferred retirement account, such as a traditional IRA or in a 401(k) at work, there are three potential tax benefits. When you contribute money to a qualified tax-deferred retirement account, your contributions could be deductible from your income.
NVIDIA (NASDAQ:NVDA) is feeling the heat after supply chain checks by BMO Capital Markets revealed a big drop in graphics processing unit (GPU) shipments during the first quarter of 2017. Analysts Ambrish Srivastava and Tim Long estimated a 16% drop in GPU shipments from Q4 to Q1, which is alarming as the normal seasonal drop has averaged 6% over the last three years. The BMO analysts believe that the greater-than-expected seasonal decline will trigger a slowdown in NVIDIA's gaming business. Not surprisingly, shares of the chipmaker dropped when this analyst note was publicized, as gaming is its bread and butter, supplying 62% of total revenue and driving terrific growth in recent quarters. However,
A stark reality of retirement planning is that your future is riding on the quality (read: plausibility) of your assumptions. By comparison, less than 15 percent of today's retirees kept working that long. "If you plan on working longer as a way to get by in retirement, you are going to be in trouble," says Craig Copeland, senior research associate at EBRI.
This weekend's Barron's takes a look at the unusual value stock picks at one off the radar hedge fund. Other featured articles offer the prospects for top banks now that they have pulled back and a biotech company that is a potential takeover target. "Top Hedge Fund's Unusual Value Stock Picks" by Michael Shari takes a look at what stakes have helped put Hawk Ridge Fund in the top tier in performance.
S&P Global Market Intelligence has identified Sears as the most vulnerable public retail company in the US, saying it has a 24% chance of default within a year. This comes after Sears revealed Friday that it has lost its second chief financial officer in six months, just as it begins talks with lenders over a looming $500 million debt payment. Sears also said Friday that it's planning to cut more costs and that it's reviewing bids in excess of $700 million for more than 60 of its real estate properties.
Costco (COST) members are apparently so obsessed with shopping at the place that they are willing to pay even more for the privilege of buying bulk mustard. At 60%, more than half of those polled in a new Barclays survey said that Costco's recent fee increase will not make them less likely to renew. Of the 40% that indicated that they are "less likely to renew", Barclays notes that this does not mean they will not renew. In March, the wholesale retailer said it would hike the price of its Goldstar membership by $5 per year to $60. Executive membership fees will increase by $10 to $120. The new fee increases will go into effect June 1, 2017, and will impact nearly 35 million members. Barclays
JPMorgan and UBS warned investors that Apple's (NASDAQ: AAPL) near-term results may come in below expectations. Apple is slated to report fiscal second quarter earnings on May 2. "We remain bullish on Apple in 2017 given what we believe is unprecedented pent-up replacement demand, combined with expectations for a materially different iPhone product this year.
Oil prices slipped nearly 1 percent on Monday, extending last week's decline, on lack of confirmation that OPEC will extend output cuts until the end of 2017 and as Russia indicated it can lift output if the deal on curbs lapses. "We think an extension is highly likely, with a growing OPEC consensus in support of that policy, but the market seems to be attributing last week's decline to the lack of a firm agreement," Tim Evans, Citi Futures' energy futures specialist, said in a note. Last week, prices plummeted about 7 percent partly on signs that rising U.S. shale production offset efforts by OPEC and other producers to cut output by almost 1.8 million barrels per day (bpd) in the first half of the year.
The car industry is in a delirious moment of change. Despite the growing numbers of car companies manufacturing electric vehicles, consumers are still not lining up to buy EVs and broad support of self-driving car technology faces regulatory hurdles. When I asked him about his company’s plans for China he said, “In terms of volume, if you look at China, there’s so much, he said, and stretched his arms wide.