CategoryEconomy

Amazon.com's stock tops $1,300 for first time

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per Employee $47204K P/E Ratio 33000 EPS $394 Yield n/a Dividend n/a Ex-Dividend Date n/a Short Interest 505M 12/29/17 % of Float Shorted 125% Average Volume 344M engages in the provision of online retail shopping services It operates through the following segments: North America, International, and Amazon Web Services (AWS) The North America segment includes retail sales of consumer products and...

U.S. business inventories increase in November

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Business inventories in the US rose 04% in November after no change in the prior month, the Commerce Department said Friday Sales jumped 12% in the month The ratio of inventories to sales, meanwhile, fell to 133 from 134 That's how many months it would take to sell all the inventory on hand One year ago, the inventory-to-sales ratio was higher at 140, reflecting an excessive buildup in production...

Wal-Mart to take charge for Sam's Club closures; reported 10,000 jobs cut

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WMT, +139% said it will take an approximately 14 cents-per-share discrete charge related to the Sam's Club reorganization that will result in the closure of 63 locations The "vast majority" of the charge will be in the fourth quarter After announcing a minimum wage increase and other benefits on Thursday, it was revealed that Sam's Club locations nationwide were closing Twelve of the 63 shuttered...

Southern Education Foundation Fights for Educational Equity and Opportunity in the South

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Southern Education Foundation Fights for Educational Equity and Opportunity in the South (Image: iStock/FatCamera) As he oversaw movers conveying his worldly goods into his new Atlanta home, Raymond C Pierce, president and CEO of the Southern Education Foundation, took time out to speak with me about his vision and plans for the 150-year-old organization founded shortly after the end of the Civil...

Fiat Chrysler to invest over $1 billion in Michigan plant

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Fiat Chrysler Automobiles NV FCA, +226%FCAU, +719% said late Thursday it plans to invest more than $1 billion to modernize a plant in Michigan to make the next generation of its Ram heavy-duty trucks by 2020 The production of the trucks will be relocated to the Michigan factory from a plant in Mexico, Fiat Chrysler said The Mexican plant will be "repurposed" to make future commercial vehicles for...

Morgan Stanley Accepting Applications for Multicultural Innovation Lab

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Morgan Stanley Accepting Applications for Multicultural Innovation Lab Focused young African female college student working on a laptop on some stairs on campus preparing for an exam Morgan Stanley is currently accepting applications for the 2018 cohort of their Multicultural Innovation Lab, an intensive 20-week accelerator designed to help build and scale startups, culminating in a showcase...

Dow ends up over 200 points as stocks close at record highs

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US stock-market indexes closed at records on Thursday, driven by a rally in energy and materials sectors, which followed rising oil prices higher The S&P 500 SPX, +070% gained 1933 points, or 07%, to 2,76756 The tech-heavy Nasdaq Composite index COMP, +081% advanced by 5821 points, or 08%, to 7,21178 The Dow Jones Industrial Average DJIA, +081% rose 20560 points, or 08%, to 25,57473 Among the...

The Zamani Project Conserves African Historical Sites with 3D Modeling

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For decades, astrologists have tried to figure out different ways to conserve the history of our planet The Zamani Project , based in South Africa at the University of Cape Town (UCT), has set out to create 3D models using data to capture historical sites in Africa Their mission, as stated on their site, is to create metrically accurate digital representations of African historical sites, in...

Turkish Airlines bounces back to growth

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A LITTLE over a year ago, Gulliver gave a downbeat assessment of the prospects for Turkey's aviation sector When Istanbul’s Atatürk Airport was struck by bombers in June, even transit passengers started to avoid the country But, as confidence grew that Islamic State was in terminal decline, its second quarter results came close to breakeven At the close of 2017, it was confirmed that passenger...

MarketWatch's top economic forecaster for 2017 has won seven years running

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America’s top economic forecaster says the US economy had a lot going for it even before passage of the tax cut that will provide a sizable stimulus to growth in the coming year ““Everything is pointing to an acceleration in growth,” said Jim O’Sullivan, chief US economist at High Frequency Economics and the 20-time winner of MarketWatch’s Forecaster of the Month contest in December The most...

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