Latest in Costco shoppers stocked up on supplies as hurricanes, port strike hit. The trend hurt sales in October.
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Costco shoppers stocked up on supplies as hurricanes, port strike hit. The trend hurt sales in October.
The warehouse retailer says demand was “negatively affected” by “abnormal consumer activity” tied to the September events.Business - MarketWatch - 18 minutes ago -
October jobs take a hit from hurricanes, strike
This month's report reflects a lot of noise due to hurricanes, Boeing machinists strike.Politics - CBS News - 5 days ago -
Chipotle’s new CEO maintains focus on faster service as sales fall short
Shares of Chipotle Mexican Grill Inc. fell after hours on Tuesday after the Mexican fast-casual chain reported quarterly sales trends that were a bit weaker than expected.Business - MarketWatch - October 30 -
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October jobs forecast shaved to 110,000 after Boeing strike and hurricanes
The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...Business - MarketWatch - 6 days ago -
U.S. job growth in October hampered by hurricanes and Boeing strike
The Labor Department has released October's jobs report with employment growth slowed during the month due to Hurricanes Milton and Helene along with the Boeing strike. CBS News MoneyWatch ...Top stories - CBS News - 5 days ago -
Biogen’s stock hit by soft sales of Alzheimer’s treatment
“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.Business - MarketWatch - October 30 -
HCA Healthcare’s stock slides 9% after earnings are weighed down by Hurricane Helene
HCA is expecting Hurricane Helene’s impact on facilities in North Carolina and Hurricane Milton’s impact on facilities in Florida in October to shave 60 cents to 90 cents off fourth-quarter EPS.Business - MarketWatch - October 25 -
U.S. added just 12,000 jobs in October, reflecting impact of strikes and 2 devastating hurricanes
The U.S. added just 12,000 jobs last month, a figure economists say was impacted by two hurricanes and a strike.Top stories - NBC News - 5 days ago -
U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike
Nonfarm payrolls were expected to increase by 100,000 in October, according to the Dow Jones consensus estimate.Business - CNBC - 5 days ago -
US adds just 12,000 jobs as storms and strikes hit labour market
October figure far below average forecast of 100,000 job gains and comes just four days before US electionBusiness - Financial Times - 5 days ago -
Ford's October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023
Ford on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued levels during a union strike in October 2023.Business - CNBC - 2 days ago -
EU markets watchdog pushes for extra cyber defences in new crypto rules
Esma asks for amendment to tighten regulation with demand for external audits of defences against hackersWorld - Financial Times - October 16 -
How big is ‘big enough’ for China’s stimulus?
Some estimates and theoriesWorld - Financial Times - October 16 -
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Would Carolina Panthers trade Bryce Young? Jets break losing streak & stock up Jalen Hurts | Inside Coverage
Jason Fitz, Charles Robinson & Frank Schwab break down the Houston Texans and New York Jets game, look at potential trades ahead of the deadline & share insight from C Rob's Week 8 QB Room.Sports - Yahoo Sports - 5 days ago -
Boeing’s stock fails to hold gains after strike ends, but bonds are holding up
Spreads on Boeing’s outstanding bonds are moving tighter on the day after workers voted to end a 53-day strike.Business - MarketWatch - Yesterday -
Tractor Supply Co. ekes out sales gain in ‘tepid’ demand environment
Tractor Supply Co.’s third-quarter sales fell slightly short of estimates on Thursday in a lackluster environment, but the rural lifestyle retailer raised the lower end of guidance ranges.Business - MarketWatch - October 24 -
AMD’s stock is getting hurt by this ‘unpalatable’ reality
One analyst says that AMD’s muted guidance is unlike what Wall Street has come to expect of “AI names.”Business - MarketWatch - October 30 -
Western consumer groups unconvinced by China’s economic stimulus efforts
Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidenceBusiness - Financial Times - 6 days ago -
Spirit to furlough hundreds as Boeing strike’s effects feed through supply chain
Measure could spread to further staff if strike goes on beyond NovemberBusiness - Financial Times - October 18 -
Strike on Gaza Hospital Destroys UN Supplies, Palestinian Officials Say
Israeli troops had withdrawn from Kamal Adwan Hospital after arresting most of the medical staff. The Israeli military said it was “unaware of a strike” there.World - The New York Times - 6 days ago -
Jobless rate ticks higher in October for white Americans, bucking the broader trend
The unemployment rate for white workers crept higher in October, running counter to the overall trend.Business - CNBC - 5 days ago -
Rental homes supply will be hit by Budget stamp duty changes, say landlords
Levy on second homes and buy-to-lets raised from 3 per cent to 5 per centWorld - Financial Times - October 30 -
Chinese sanctions hit US drone maker supplying Ukraine
Beijing’s move leaves California company rushing to find new battery providersWorld - Financial Times - 6 days ago -
Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
Procter & Gamble said volume fell in its Greater China market despite the earnings beat.Business - CNBC - October 18 -
U.S. Drugmakers Are Breaking Up With Their Chinese Supply-Chain Partners
U.S. drugmakers and biotechs have come to rely on Chinese partners. Now, some of them are looking for alternatives as geopolitical tensions rise.Business - The Wall Street Journal - 5 days ago -
Job growth stalls at 12,000 in October after hurricanes upend Southeast
The U.S. added 12,000 jobs and the jobless rate stayed flat at 4.1 percent in October, according to data released Friday by the Labor Department, upending a string of strong economic data leading ...Politics - The Hill - 5 days ago -
Oil prices rise as U.S. supply posts a surprise decline, but trend ‘favors the bears’
Crude futures finished higher on Thursday for the first time in five sessions, supported in part by an unexpected decline in last week’s U.S. crude inventories, which followed sizeable back-to-back ...Business - MarketWatch - October 17 -
Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo
Ports of Vancouver and Prince Rupert are at a standstill after ILWU union workers walked off the job, the latest in a string of Canadian labor strikes.Business - CNBC - 2 days ago -
U.S. trade deficit widens to 30-month high as imports flood in before port strike. GDP shaved.
The U.S. trade deficit jumped to a 30-month high in September, keeping the economy from posting a second straight 3% increase in gross domestic product.Business - MarketWatch - Yesterday -
Hurricane Oscar hits Cuba as it struggles with power outage
Millions of people are still without power, with food rotting in fridges and no water supply in many homes.Top stories - BBC News - October 20 -
When Hurricanes Hit, This Company Helps Keep the Lights On
Grid management platform Neara just raised a $31-million Series C to fund its expansion in the U.S.Business - Inc. - 2 days ago -
Whole of Cuba loses power as Hurricane Rafael hits
The category three storm made landfall on Wednesday and is expected to bring storm surges and floods.Top stories - BBC News - 3 hours ago -
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
Record September imports at the Port of Los Angeles driven by the East Coast strike have led to two-year high cargo congestion at rail yards.Business - CNBC - October 18
