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US Economy Continues to Chug Along
The final read of fourth quarter GDP says the economy grew at a 2.2% rate. About what we expected. (AP)
The average price of a pound of ground beef climbed to another record high in February, hitting $4.238 per pound. A year ago, the average price for a pound of ground […]
The fear trade is on this morning as investors wring their hands looking everywhere for something to worry about.
The payroll processor and human-resources services provider Paychex reported a quarterly profit of $169.4 million on revenue of $704.3 million. Payroll service revenue increased 2% and human resources revenue leapt 19%. Paychex shares have increased 11% […]
Kraft Foods is merging with H.J. Heinz. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, financed by a $10 billion investment from private equity firm 3G Capital and Warren Buffett’s Berkshire Hathaway. Under the terms of the deal, Heinz will return to the public […]
Americans On the Road Again
Stocks sold off modestly yesterday led lower by transportation stocks. Investors are focused on the economic data out later this week to get an idea about when the Federal Reserve will raise interest rates.
The price of buying or renting a home continues to rise squeezing consumers which is starting to dampen […]