Starbucks Corp reported fourth-quarter earnings and didn’t disappoint. Profit grew in Q4 by 86% primarily from more traffic, particularly foot traffic and growing sales of the Via instant coffee. In a statement Starbucks reported net income at $278.9 million (37cents/share) with revenues growing 17% to $2.84 billion. The overall results exceeded analysts’ forecast by 5 [...]
The Federal Reserve decided once again to engage the economy with a huge bond purchase hoping to kick start the sluggish economy and drive new growth. The Fed announced it will purchase $600 billion of long-term government bonds between now and roughly June of next year. The strategy is to drive rates on mortgages and [...]
Consumer income fell for the first time in more than 12 months driving consumers to reduce spending below forecasted estimates in the month of September. Consumers appear to be saving money, staying liquid and reducing personal debt as a precaution against the slow growing economy. Purchases by consumers increased by just 0.2% according to Commerce [...]
Orders for capital equipment, excluding military purchases, are a good measure of how confident businesses are about future economic growth. In the latest measure, U.S. orders for capital equipment declined, suggesting business remains cautious about the outlook for the economy. Equipment orders for capital goods with a useful life exceeding 3 years such as machinery [...]
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