Consult Co

Online Banking Access
Only for Barnett Capital Bank Clients


Wall Street Suffers Biggest Drop Since September

12 Nov. 2015

Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages, which some traders believe portends additional declines. Investors are keeping a watchful eye on whether the Fed in December will raise rates for the first time in nearly a decade, as is widely expected after recent strong jobs data.

Read full article from Reuters


With ESPN Gains, Disney Profit Rose 12% in Fiscal Year

05 Nov. 2015

After its late-summer recalibration of growth expectations at ESPN, a disclosure that sent the entire media sector reeling, Disney reported significant quarterly gains for its sports television empire on Thursday.

The Walt Disney Company ended its fiscal year with $8.38 billion in profit, a 12 percent increase from 2014, as hit films like “Inside Out,” strong theme park attendance and a surging consumer products business combined to make up for softer TV results.

Read full article from The New York Times


Oil Prices Slide on Profit-Taking, but Supply Risks Support

04 Nov. 2015

Oil prices slipped in thin trading on Wednesday as investors took profits from the previous session's rally, while potential supply disruptions in the United States, Brazil and Libya curbed losses.

Brent futures for December delivery had fallen 4 cents to $50.50 at barrel by 0215 GMT (9:15 p.m. EDT), after ending the last session up $1.75, or 3.6 percent.

Read full article from Business Insider


Inventories Hurt U.S. Third-quarter GDP, Domestic Demand Strong 

29 Oct. 2015


U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to raise interest rates in December. 

Gross domestic product increased at a 1.5 percent annual rate after expanding at a 3.9 percent clip in the second quarter, the Commerce Department said on Thursday. 

The inventory drag, however, is likely to be temporary and economists expect growth to pick up in the fourth quarter given strong domestic fundamentals. 



Read full article from Reuters


Fed Puts December Firmly on the Agenda for Rate Hike 

28 Oct. 2015 

The U.S. Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next meeting put a December rate hike firmly in play. 

Investors quickly shifted their expectations of a December hike, with rates futures contracts upping the chance of a move this year to 47 percent from 34 percent prior to the statement. 


Read full article from Reuters