A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018. Daniel Acker | Bloomberg | Getty Images Shares of Deere spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said […]
Tag: Economy
It’s never been this hard for companies to find qualified workers
Job seekers line up to meet with recruiters during the Job Hunters Boot Camp in San Mateo, California. Getty Images The gap between open jobs and unemployed workers is about as wide as the one between the kinds of available positions and the qualifications that the workforce collectively has to fill them. A recent survey […]
Atomico raises $820 million fund to back European start-ups
The partners of European venture capital firm Atomico. Atomico Atomico, the venture capital firm founded by Skype co-founder Niklas Zennstrom, has raised $820 million for a new fund — the biggest since it was set up by the billionaire in 2006. The firm plans to cash in on the ongoing “renaissance” in Europe’s tech sector, […]
Consumer sentiment rises in February even amid the coronavirus outbreak
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment to come in at 99.5. Consumers’ assessment of current economic conditions were virtually unchanged from […]
US retail sales January 2020
U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said on Friday retail sales excluding automobiles, gasoline, building materials and food services were unchanged last […]
US industrial production January 2020
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian aircraft, the Federal Reserve said on Friday. The Fed said manufacturing production fell 0.1% […]
US Consumer Price Index rose 0.1% in January, vs 0.2% expected
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve’s contention that inflation would gradually rise toward its 2% target. The Labor Department said on Thursday […]
US deficit swells 25% in fiscal 2020, $1.1 trillion over past year
People walk past the Capitol Dome ahead of an expected vote in the impeachment trial of U.S. President Donald Trump on Capitol Hill in Washington, February 5, 2020. Joshua Roberts | Reuters The sea of red ink is getting deeper and deeper in Washington, with the federal government already racking up a budget deficit that […]
Rapid CEO turnover continues with a record number of top executives departing in January
Ginni Rometty, Chairman, President and CEO of IBM speaking at the 2019 DealBook Conference in New York on Nov. 6th, 2019. Photo: Samuel Corum A total of 219 chief executive officer’s left their posts in January, the highest month on record, according to business and executive coaching firm Challenger, Gray & Christmas. Last month’s total […]
What to look for when Fed Chair Powell meets with Congress this week
Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture: The world is awash in fear from a deadly virus outbreak, lawmakers are just getting over a historically bruising political battle, and the central bank continues to fight against the perceived evil of low inflation. In his semiannual remarks to […]
