All Posts Tagged With: "economy"
(RPM) Mixed Aviation Industry Traffic in September
Despite a strong profit outlook for 2011 by The International Air Transport Association (IATA) as well as fare hikes and capacity pull backs, air carriers posted mixed traffic results in September primarily on fluctuations in economic conditions and debt concerns in Europe.
Airline...
(AMZN) U.S. Favorable Durable Goods Report
Stocks have been gaining ground all over again recently — up almost 4% in the last three days — even as tangible positive news has been hard to come by.
Optimism has been growing in recent days that the Europeans are finally moving toward a TARP-like solution...
(AA) The Volcker Rule and Earnings – Economic Highlights
12Oct2011 | vitalstocks | 0 comments | Continued
(BA) U.S. Durable Goods Orders Flat in August
New Orders for Durable Goods dipped a slight 0.1% in August. That was slightly below the consensus expectations of an increase of 0.1%. The July numbers were revised slightly upwards. It was first reported as an increase of 4.0%, but now they say new orders rose 4.1%.
Given...
Continuing Jobless Claims Fall to 3.7 Million
The data on regular continuing claims was encouraging this week. Regular continuing claims for unemployment insurance fell by 52,000 to 3.700 million.
The overall trend is in the right direction. They are down by 752,000 or 17.0% from a year ago. Regular claims are...
Initial Jobless Claims Fall – Extended Claims Plunge
Initial Claims for Unemployment Insurance fell by 9,000 last week to 423,000. This was worse than the expected level of 418,000. Last week’s numbers were revised upwards by 4,000, so one could see it as a decrease of 5,000. Recently, jobless claims seem stuck once again...
(DHI) Weakness Prevails in U.S. Housing
The weaknesses prevailing in the housing and construction industry in the U.S. have once again come to the fore as the National Association of Home Builders lowered its September outlook.
Poor employment growth, increased availability of foreclosed homes, strict mortgage...
(ADP) ADP Employment Survey Sees 91K Private Jobs Added
The Automatic Data Processing (ADP) employment survey was stronger than expected in September. It shows that private sector employment rose by 91,000, above consensus expectations for a 48,000 increase. The...
(EQR) Used Home Prices Stabilize in July
In July, home prices were mixed on a seasonally adjusted basis. The Case-Schiller Composite 10 City index (C-10) fell a slight 0.12% on a seasonally adjusted basis, and is down 3.77% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
(DHI) U.S. New Home Sales Move Down Slightly
New Home Sales in August fell by 2.3% from July to a rate of 295,000. Relative to a year ago, sales are up 6.1%.
While the year-over-year rebound is more than welcome, it is still a very dismal rate of new home sales. However, there was an upward revision to the July...
(SSL) Natural Gas-to-Liquids Coming to U.S.
Attentive investors may have noted an announcement last week by the large South Africa-based energy and chemicals company Sasol (SSL).
The firm said it was commencing an eighteen-month feasibility study...
(DHI) U.S. Housing Starts Down – Permits Up
Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000 in July, a decrease of 5.0%. However, the July numbers were revised lower from 604,000, so it is possible to see the decrease as 34,000, or 5.5%. The number was also slightly below the...
(DELL) U.S. Retail Sales Disappoint
Europe remains in the headlines, with rating downgrades for two major French banks due to their Greek exposure. But the overall tone of Europe-centric headlines has improved as the Germans have started to back-peddle from some of their tougher statements.
It may be...
(JPM) U.S. Real state Foreclosure Activity Rises in August 2011
According to the data released by RealtyTrac, the leading online marketplace of foreclosure properties, foreclosure filings in August rose 7% from the prior month with 228,098 properties issued notices of default, auction or repossession during the month. However, this is...
(GS) Volcker Rule Extension Risks Jobs?
The controversial Volcker Rule that restricts proprietary trading of U.S. banks may also be enforced on foreign banks with operations in the country, Bloomberg reported on Friday, following communication with four people familiar with the matter.
The legislation is...
(LUV) Southwest Airlines Hopeful on Holiday Travel
Southwest Airlines (LUV) is mulling over raising airfares for fall-winter season travel. After the losses post Hurricane Irene,the airline industry is looking at potential benefits fromhigher travel demand...
(BAC) Bank of America to Dismiss 30,000 Workers
In a statement released on Monday, Bank of America Corp. (BAC) confirmed its plan to retrench about 30,000 workers under the first phase of its ongoing cost-cutting initiative –– Project New BAC. This...
(LM) Legg Mason’s August AUM Plunges Assets Under Management
Baltimore-based Legg Mason Inc. (LM) experienced a decline in its assets under management (AUM) in August on a sequential basis. This was preceded by a drop in both July and June.
Preliminary month-end...
(UBS) U.S. Economy – Inflation – Jobs – Manufacturing
We have a range of economic data on tap today, from Jobless Claims and CPI to Industrial Production and regional manufacturing surveys. Europe will also be not far from investors’ mind, though the tone of recent headlines out of Europe has softened a bit. Some of the...
(TYC) Greece Economic Crises Fears Return
Renewed Greece-related headlines are expected to come in the way of the budding stock market rally. Stocks gained almost 5% last week as some of the more dire scenarios about Europe lost ground following concerted actions by global central banks, including the U.S. Fed, to...
(AZO) U.S. Retail Sales Flat in August
Retail and food service sales were unchanged in August, below expectations of a 0.2% increase. July was revised down from an increase of 0.5% to an increase of 0.3%. Total retail sales are up 7.2% from a year ago.
This was a disappointing report, and shows the consumer...
(JPM) U.S. 2011 Bank Failures Hits 71 – Florida Bank Fails
Last Friday, U.S. regulators shuttered The First National Bank of Florida, taking the number of failed banks thus far in 2011 to 71. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
While the financials of bigger banks have been stabilizing...
(ADP) Automatic Data Processing Reports ADP Survey Sees 91K Job Gains in August
The Automatic Data Processing (ADP) employment survey was slightly weaker than expected in August. It shows that private sector employment rose by 91,000, below consensus expectations for a 100,000 increase....
(AAPL) Personal Computer Market Losing Luster
Uncertainty continues to loom over the PC market. The rise of next generation ultra-portable gadgets (mainly tablets) has taken the market by storm, diverting consumer spending dollars from traditional desktops and notebooks.
The success of Apple Inc.’s...
(BHI) U.S. Drilling Rig Count Up by 1 Unit
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a marginal rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be...
(JPM) U.S. Bank Failures Reach 70 So Far in 2011
After a week’s pause, U.S. regulators were back in action, shuttering two more banks in Georgia. This brings the total number of U.S. bank failures to 70 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials of bigger banks have been...
(VZ) U.S. Initial Jobless Claims Rise Again
Initial Claims for Unemployment Insurance rose by 22,000 last week to 414,000. This was worse than the expected level of 400,000. Last week’s numbers were revised upwards by 3,000, so one could see it as an increase of 5,000.
Recently, initial jobless claims seemed...
(MCD) Ugly U.S. Jobs Report in Depth Part 2
This month’s employment report was just plain ugly. There were, on balance, NO new jobs created in August, according to the establishment survey. Also, the job creation totals for July were cut to 85,000 from 117,000, and for June to just 20,000 from last month’s estimate...
(VZ) Ugly U.S. Jobs Report in Depth Part 1
The total number of people employed was unchanged in August, not a single job gained or lost. That is much worse than consensus expectations for a gain of 75,000.
This report was also worse than the ADP report on Wednesday. That report showed 91,000 private sector jobs...
(BAC) Bank of America to Layoff 40,000 Workers
Bank of America Corp. (BAC) is mulling over retrenching 40,000 workers under the first phase of a proposed restructuring program to recover its financial position, the Wall Street Journal reported...