Consult Co

Online Banking Access
Only for Barnett Capital Bank Clients

 

October Retail Sales Rise a Slight 0.1% Ahead of the Holidays

13 Nov. 2015

Lackluster retail sales in October, following a summer of slow spending, could spell trouble for the holiday season. Last month, retail sales rose 0.1% compared with October 2014, the Commerce Department said Friday.

Economists had predicted a more robust 0.3% growth, according to FactSet, a financial data company. There was more bad news: Retail sales for September, which had previously been reported as up 0.1%, were revised downward to unchanged.

Read full article from The Los Angeles Times

Read more...

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

Read more...

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

Read more...

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

Read more...

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

Read more...