Tags » Commerce Department

Orders for durable goods fell sharply in December

The U.S. government reported a surprise drop in new orders for manufactured goods in December, hurt by sharp declines for aircrafts and related parts and transportation equipment. 147 more words

Finance

US stocks on track for 3rd day of gains as oil rises

NEW YORK (AP) — U.S. stocks rose broadly in noon trading Wednesday as investors weighed higher oil prices, an expected new stimulus from Europe’s central bank, a rebound in home construction, and a mix of corporate earnings reports. 652 more words

US

Doggy Doo Quarter at JPMorgan Chase; No December Retail Magic; Carnitas Crisis at Chipotle

Dog poo days…

Jamie Dimon, CEO of JPMorgan Chase, the biggest bank by assets, is not having a very good day, it seems. Mr. Dimon said the bank will “try to avoid stepping in dogs**t.” A highly technical term coming from the mouth of one Wall Street’s most powerful (and presumably, potty-mouthed) bankers. 489 more words

Americans Shopped Less In December, Bought More Furniture And Booze

If you tried to find a parking space at your local mall at any time last month, you might think that Americans were in a spectacular shopping frenzy. 171 more words

Stocks tumble again on bank earnings, global growth fear

It’s another dour day on Wall Street.

Stocks fell shortly after Wednesday’s opening bell, adding to recent declines, weighed down by worries over weak economies globally, pressure on commodities and… 309 more words

Finance

Retail sales fell sharply in December as demand dropped

U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, tempering expectations for a sharp acceleration in consumer spending in the fourth quarter. 232 more words

Finance