Holiday sales look strongest since 2005–but retail profits will be spotty
Today Customer Growth Partners forecast that holiday sales would climb by 4.9% from 2015 levels. That was a big jump over the companies previous call for a 4.1% jump. The 4.9% year over year gain would be the biggest since 2005. Online sales look to grow an even heftier 15% over 2015.
The Trump-China trade war continues to escalate
After warning that it was investigating price fixing by an unnamed U.S. automaker, China’s Shanghai Municipal Development and Reform Commission has announced a $29 million fine on General Motors (GM) for antitrust violations.
U.S. rig count climbs again to 653
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China’s economy gets permission to slow down
Chinese President Xi Jinping has told the country’s Central Economic Work Conference that an economic growth rate of less than the official 6.5% annual target would be reasonable if it helped China avoid asset bubbles and slowed the growth of debt. The 6.5% annual growth target through 2020 was set in the last five-year plan
Notes You Need for December 22: natural gas, retail stocks, BBBY, auto sales, tech stocks, FB, AMZN, AAPL, MSFT, GOOG
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...New home sales report tomorrow is early test of effect of Fed’s interest rate increase
Tomorrow, Friday december 23, we get news on new home sales in November. Coming after some market weakness this week and before the long Christmas holiday (financial markets are closed on Monday, December 26), this report has the power to set the tone for a few days. Especially because U.S. mortgage rates are up since the Federal Reserve raised interest rates on December 14.
Share price says no more bids for Stillwater Mining–time to sell if you haven’t already
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Surprise! U.S. oil inventories grow when they were expected to show a decline.
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Sales without profits for the holidays?
Solid growth in retail sales for the November and December holiday shopping season. Retail profits not so much. For November, advance estimates show retail and food services sales climbing 3.7% from November 2015, according to the U.S. Census Bureau. For December, preliminary forecasts from economists at Kiplinger see sales growth of 4.1% in 2016. That’s not as good as the 4.8% growth posted in 2014, but it would be a big step up from the 2.5% growth in 2015.
Notes You Need for December 21 updated 11:30 p.m.: Natural gas, CHK, IONS, oil pipelines, DRAM market
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...You’ve heard of the low cost oil shale plays in the Permian Basin, right? Time to start watching the Niobara too
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