On Thursday, Bank of America posted its third-quarter results, which showed that the big bank exceeded the expectations of analysts. The Charlotte, North Carolina-based bank had experienced massive loan losses that it had to charge off but seemed to have recovered from that well. The financial firm earned 85 cents...
According to JOLTS, a report by the Labor Department, employment vacancies fell by 659,000 to 10.4 million in August. It was previously expected that job postings would reach 10.96 million. In addition, a record 4.3 million workers quit their jobs in August. It was a 2.9 percent increase from...
According to data from September, the U.S. is still China’s biggest single trading partner. Trade surplus from China rose in September to a record monthly high of $42 billion, while exports surged higher by 28.1 percent to $305.74 billion in a year-to-year comparison. That was higher than analyst expectations...
Natural gas prices have risen more than 180 percent over the past year. By Tuesday mid-morning, the cost of natural gas in the U.S. stood at $6.18 per MMBtu (British thermal units).  Unfortunately, the higher prices couldn’t come at a worse time as the commodity is the most common way...
New jobless claims for the middle of September were much higher than expected. Last week, first-time unemployment claims totaled 351,000 on an adjusted seasonal basis, up from the week before and 31,000 more than the 320,000 estimated by Dow Jones. According to the Labor Department, the filings marked their...
Consumers everywhere have become familiar with the ongoing chip shortages, impacting the availability of everything from new automobiles to video game consoles and even smartphones.  According to AlixPartners, a global insights and consulting firm, the semiconductor chip shortage may cost the worldwide auto industry upwards of $210 billion in revenue...
Royal Dutch Shell has announced a $9.5 billion cash deal to sell all of its assets that are located in the Permian Basin. The West Texas oil giant made the deal with ConocoPhillips and is expected to close during the last quarter of 2021. Around 225,000 net acres comprise the...
Giant search engine and technology company Google plans to purchase the New York City office building it currently leases for $2.1 billion. According to Real Capital Analytics and The Wall Street Journal, the purchase would be the most expensive commercial buy since the pandemic’s beginning. The building is known...
Amazon is planning to showcase a three-week sales event of its beauty products beginning October 4 and running through October 25. The e-commerce giant hopes to attract early shoppers before the holiday season begins. Amazon released a slide deck highlighting the sale. In the slide, the company said, “We want...
Goldman Sachs has announced that it plans to acquire the fintech GreenSky, a credit technology platform that provides chartered financial institutions with revolving credit and installment loan products. The $2.24 billion deal is the latest move by Goldman to push further into the consumer finance sector. Goldman has historically...