Category: Industries

January 18, 2019

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company’s website. The job cuts will impact more than 3,000 members of staff after Musk said last year […]

January 16, 2019

Sears is saved—for now. The company’s chairman and hedge fund manager Edward Lampert won the U.S. department store chain in a bankruptcy auction with a bid of approximately $5.2 billion, according to Reuters and the Wall Street Journal. Lampert’s winning […]

January 11, 2019

The wobbles in stock markets have been grabbing all the attention lately, but meanwhile, oil is enjoying a stunning rally into the new year. Oil traders are factoring in an improvement in US-China trade relations and continued efforts by OPEC […]

January 10, 2019

After years of low milk prices, about 75 dairy farms closed across Vermont in 2018. Harold Howrigan of Fairfield, Vermont, says the past year set a new low for dairy farmers in the state. And this year isn’t looking any […]

January 8, 2019

Retail stocks are turning a new leaf in the new year. After ending 2018 with their worst quarter since 2008, the group has rallied more than 6 percent since the first trading day of the year. Craig Johnson, chief market […]

January 7, 2019

Investors should buy General Motors because its automated car division and restructuring moves will lift the automaker’s stock in 2019, BMO Capital Markets said Monday. Analyst Richard Carlson upgraded GM to outperform from market perform. Carlson also hiked his price […]

January 4, 2019

Bruce Buchanan was so elated with Donald Trump’s October vow to allow higher sales of corn-based ethanol that he carved a 60-acre thank you note in his Indiana cornfield. Now, though, the president’s actions have him worried. The government shutdown […]

December 28, 2018

Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas. Changes in Texas job growth tend to lag big […]

December 26, 2018

There’s been little yuletide cheer for the retailers. The XRT retail ETF is down 17 percent this month, tracking for its worst December since its inception in 2006. One market watcher says indiscriminate selling may have unfairly taken retail down. […]

December 21, 2018

A cocktail of changing consumer habits, millennials’ aversion to shopping and the big Brexit clouds gathering over Britain’s high street have retail bosses quaking in their Prada loafers. On Monday, online fashion chain ASOS ASC, +4.22% usually a bankable star […]