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Visitor spending increased in June, but remained down for the first half of the year
Total visitor spending increased year-over-year in June, reversing spending declines in earlier months of 2019. According to the monthly Hawaii Visitor Statistics Report released Tuesday by Hawaii Tourism Authority, visitor spending increased by .....»»
U.S. Budget Deficit Narrowed to $74.86 Billion in June
The U.S. government’s budget deficit narrowed in June compared with a year earlier. Spending and revenue collection both fell, including a large drop for corporate-tax receipts in the wake of federal tax cuts......»»
Eurozone Economic Growth Rate Falls Further Behind U.S.
The eurozone’s economy slowed slightly in the three months through June as imports jumped despite weak household spending, with few signs that a rebound is in prospect soon......»»
JPMorgan still thinks the S&P 500 can rally another 12% this year as US consumer spending explodes for these 7 reasons
A healing job market, high household savings, and trillions of dollars in appreciating assets stand to accelerate the consumer rebound, JPMorgan said. Stan Honda/AFP.....»»
Altria profit falls short, while revenue beats
Altria Inc. said it had net income of $1.924 billion, or $1.03 a share, in the fourth quarter, after a loss of $1.809 billion, or $1.00 a share, in the year-earlier period. Adjusted per-share earnings came to 99 cents, below the $.....»»
Development fee vote postponed to June, with tweaks on tap
As the bill is written, real estate attorneys and Metro Council's own lawyer say such a fee is illegal in Davidson County, blocked by a state law that's been on the books since 2006. An effort to change that state law stalled earlier this year......»»
Norwegian Air"s April passenger count falls 99%
Norwegian Air's passenger volume fell by 98.7% in April from a year earlier as most of its fleet was grounded due to the coronavirus pandemic, the budget airline said on Thursday......»»
Nissan plans to slash Japan May car output by 78% vs last year, June: documents
Japan's Nissan Motor Co Ltd plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled automaker which has already been struggling with falling sales......»»
Air traffic in Latin America falls 91% due to the coronavirus outbreak
Air traffic in Latin America in April has fallen 91% compared to a year earlier due to the coronavirus outbreak that fully grounded two of the region's largest airlines and canceled almost all other flights, industry group ALTA said on Thursday......»»
U.S. six-month deficit rises to $744 billion ahead of virus budget storm in April
The United States racked up a $744 billion budget deficit in the first half of fiscal 2020, up 8% from a year earlier, the Treasury said on Friday, ahead of an expected April spending explosion and withering of revenues amid the coronavirus pandemic......»»
Sellers yank San Antonio home listings as real estate agents scramble to offset billions in lost commissions
As of April 5, daily new home listings had plummeted 27% nationally from where they were a year earlier. See where San Antonio falls among five major Texas metros in its loss of daily home listings......»»
Japan"s battle with pandemic may mark end of Abe"s fiscal experiment
The huge cost of the coronavirus pandemic is upending Japan's seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for "helicopter money" - unlimited spending bankrolled by the central bank......»»
Parson freezes $180M in spending, expects $500M shortfall
Missouri Gov. Mike Parson on Wednesday froze $180 million in state spending, saying the move was necessary because of an anticipated $500 million shortfall in funding through June 30, the end of the fiscal year, due to the coronavirus pandemic. Parson sa.....»»
Hibbett Sports profit falls short of estimates as sales beat
Hibbett Sports Inc. said Friday it had net income of $6.0 million, or 34 cents a share, in its fiscal fourth quarter to Feb. 1, down from $6.6 million, or 36 cents a share, in the year-earlier period. Ajudsted per-share ear.....»»
Casper Sleep narrows loss in Q4 but revenue falls short of estimates
Casper Sleep Inc. said Thursday it has a net loss of $25.6 million in the fourth quarter, narrower than the $27.9 million loss posted in the year-earlier period. The company did not offer a per-share loss number for the quarter in its f.....»»
Dow Jones Newswires: Rio Tinto annual net profit falls on writedowns
The world’s second-biggest miner by market value on Wednesday reported a net profit of US$8.01 billion for 2019, down from a profit of US$13.64 billion a year earlier......»»
Dow Jones Newswires: Air France-KLM warns of coronavirus hit as 2019 profit falls
The Franco-Dutch carrier reported a net profit of 290 million euros ($313.1 million) in 2019 down EUR130 million from with the same period a year earlier......»»
Japan"s recession risks grow as economy skids in fourth-quarter, virus clouds outlook
Japan's economy shrank at the fastest pace in almost six years in the December quarter as last year's sales tax hike hit consumer and business spending, highlighting a fragile outlook made worse by growing coronavirus risks......»»
Japan"s Takeda forecasts surprise full-year operating profit
Takeda Pharmaceutical Co Ltd said it now expects an operating profit for the full year, as opposed to its earlier projection for a loss, due to stronger sales and cost savings from its integration with Shire Plc......»»
Sony third-quarter profit falls 20%; still beats estimates and raises outlook
Sony Corp on Tuesday reported a 20% decline in third-quarterly profit due to the absence of an accounting gain that boosted its year-earlier result, though strong sales of image sensors helped it beat estimates and raise its annual outlook......»»