2017 - Page 274 of 1198 -

Phillips 66 Q3 Earnings Beat Estimates, Increase Y/Y

Oct 27, 2017 Jeremy Parkinson Finance 0

Phillips 66 (PSX – Free Report) posted adjusted third-quarter 2017 earnings of $1.66 per share that beat the Zacks Consensus Estimate of $1.62. The bottom line also increased from $1.05 in the year-ago quarter. The growth came on the back of higher contribution from the Refining segment. Quarterly revenues of $26,206 million lagged the Zacks Consensus Estimate of […]

Advance Estimate 3Q2017 GDP Quarter-Over-Quarter Growth At 3.0 Percent

Oct 27, 2017 Jeremy Parkinson Finance 0

The advance estimate of third quarter 2017 Real Gross Domestic Product (GDP) is a positive 3.0 %. This growth is marginally worse than the previous quarter’s 3.1 % if one looks at quarter-over-quarter headline growth.Year-over-year growth improved modestly so one could say economic growth was better. Analyst Opinion of GDP The consumer spending declined. I am not […]

Real 3rd-Quarter GDP 3.0%, Inventories Provide Boost: Personal Income Decelerates

Oct 27, 2017 Jeremy Parkinson Finance 0

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent. According to the BEA, the 3rd-quarter increase reflects positive contributions from personal consumption expenditures (PCE), private […]

Dow To Lose 97% Against Gold

Oct 27, 2017 Jeremy Parkinson Finance 0

In the last 48 years, since 1969, an investor who put $1,000 into the Dow would today have $33,000. That is a gain of 3,200% or 7.6% annually. On the other hand, someone who put $1,000 into gold in 1969 would today have $37,000 or 7.8% annual return. But if you add dividends to the […]

E TaxDrop: Interview With Founder & CEO Alice Cheng

Oct 27, 2017 Jeremy Parkinson Finance 0

We had the opportunity to interview Alice Cheng, the co-founder and CEO of TaxDrop. TaxDrop was founded in 2016 as a mobile app that connects users with a licensed CPA for tax preparation. The company currently has a live crowdfuding campaign. Q. Can you tell us a bit about yourself and TaxDrop? When was your […]

J.C. Penney Plunges After Slashing 2017 Earnings View

Oct 27, 2017 Jeremy Parkinson Finance 0

Shares of J.C. Penney (JCP) plunged in pre-market trading after the retailer slashed its forecast for fiscal 2017 as it accelerated actions to liquidate inventory and overhauled its women’s apparel department. Following the implementation of the “reset,” the retailer said it has already seen an improvement in performance. THIRD QUARTER UPDATE: J.C. Penney said it […]

China’s Importance In The Gold Market

Oct 27, 2017 Jeremy Parkinson Finance 0

China has been accumulating a lot of bullion over the past decade. It is also the largest producer of gold in the world and – along with India – one of the biggest consumers of the yellow metal. According to the World Gold Council’s data on the second quarter of 2017, China accounts for about 28.6 […]

ServiceNow Continues Acquisitions

Oct 27, 2017 Jeremy Parkinson Finance 0

Photo Credit: Executive Networks Media/Flickr.com Earlier this week, ITSM provider ServiceNow (NYSE: NOW) reported its third quarter results that surpassed market expectations. But the market was not pleased with the performance and the stock slid nearly 5% post the announcement. It is a small bump considering that the stock has climbed nearly 60% since the start […]

BEA Estimates 3rd Quarter 2017 GDP Growth At 2.98%

Oct 27, 2017 Jeremy Parkinson Finance 0

In their first (or “preliminary”) estimate of the US GDP for the third quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.98% annual rate, down -0.08% from the prior quarter. The changes from the prior quarter reflect a general weakening of consumer and commercial spending growth, nearly […]

US Q3 GDP Rises Faster Than Expected

Oct 27, 2017 Jeremy Parkinson Finance 0

US economic growth was surprisingly resilient in the third quarter, according to this morning’s preliminary estimate from the Bureau of Economic Analysis. Output increased 3.0%, well above the 2.5% consensus forecast via Econoday.com and only slightly below Q2’s solid 3.1% advance. For all the talk that blowback from recent hurricanes would weigh on economic activity in Q3, […]