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Hawaii personal income to drop 7% this year, stay "in the doldrums" in 21

The Hawaii Council on Revenues noted that even though any growth in tourism would improve the growth rate, there’s currently no indication that it will be enough to move the needle for 2021......»»

Category: topSource: bizjournalsJul 31st, 2020

Consumer spending could regress in the coming months as monthly personal income growth falls

US consumer spending improved on a monthly basis in May and June, but personal income could plunge as government programs end. And a drop in consumer spending and personal income could cause issuers' .....»»

Category: worldSource: nytAug 5th, 2020

Dunkin" Brands reports 19% drop in comparable-store sales in Q2

The parent company of Dunkin' and Baskin-Robbins also said Thursday morning that net income fell 39% year-over-year from April to June......»»

Category: topSource: bizjournalsJul 30th, 2020

Hawaii"s Young Brothers Seeks Rate Increase To Stay Afloat

Young Brothers said it needs to dramatically increase its shipping rates this summer if it is going to break even financially and keep its services operating through year's end. read more.....»»

Category: blogSource: benzingaJul 13th, 2020

Bond Report: 10-year Treasury yield sees biggest drop in 8 weeks after Fed signals interest rates will stay at zero until 2022

U.S. Treasury yields fell for a third day on Wednesday after the Federal Reserve underlined its commitment to keeping interest rates at zero until 2022, supporting flows into the bond-market......»»

Category: topSource: marketwatchJun 10th, 2020

Starbucks forecasts over $2 billion drop in quarterly income as COVID-19 hits

Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the year even as nearly all its cafes have reopened following easing of coronavirus lockdowns......»»

Category: topSource: reutersJun 10th, 2020

Hawaii"s Neighbor Island home sales drop in May amid Covid shutdowns

Home sales on Hawaii’s Neighbor Islands fell by as much as 65% in May, compared to the same month last year, as the effects of the Covid-19 shutdowns impacted the residential real estate market for a second month. Maui and Kauai posted the larg.....»»

Category: topSource: bizjournalsJun 6th, 2020

Hawaii vacation rentals report 5% occupancy in April

Vacation rental units throughout the state were only 5% occupied during the month of April, marking a 68% percentage point drop from this time last year. The decline reflects a dramatic fall in visitors to the Islands due to a global drop in deman.....»»

Category: topSource: bizjournalsJun 1st, 2020

Hawaii commercial real estate investment to drop by 50% in post-Covid 2020, Colliers says

Commercial investment last year dropped by 50% from the record high of $5.3 billion set in 2019, Mike Hamasu, consulting and research director at Colliers International Hawaii, said during a webinar presented by CCIM......»»

Category: topSource: bizjournalsMay 29th, 2020

Coronavirus pressures could prompt 14% drop in device shipments this year, says Gartner

Worldwide shipments of personal computers, tablets, and mobile p.....»»

Category: topSource: marketwatchMay 26th, 2020

Saudi Aramco"s profits drop almost $6 billion after oil prices crash below $0

Saudi Aramco reported a net income of $16.7 billion in the first quarter of 2020, down 25% from $22.2 billion in the same period last year......»»

Category: topSource: moneycentralMay 12th, 2020

Saudi Aramco Reports 25% Drop In Q1 Net Income, Yet Declares $18.8B In Dividend

The Saudi Arabian Oil Company, better known as Saudi Aramco, on Tuesday, reported earnings for its first quarter this year. read more.....»»

Category: blogSource: benzingaMay 12th, 2020

Goldman Sachs says disposable income will likely grow this year, even amid the widespread coronavirus shutdown

Eduardo Munoz Alvarez/Getty Images Expect disposable personal income to grow in the US this year, Goldman Sachs said. Despite the economic de.....»»

Category: topSource: businessinsiderMay 4th, 2020

Crude costs money again after shock crash, stocks stay in doldrums

U.S. crude oil bounced back into positive territory on Tuesday, but a historic plunge below zero rattled investors and triggered the steepest drop in Asian stock markets in a month......»»

Category: topSource: reutersApr 21st, 2020

The effects of coronavirus on Colorado businesses may be underestimated, study says

A 50% drop in sales in just four sectors could reduce personal income by more than $9 billion in Colorado......»»

Category: topSource: bizjournalsMar 25th, 2020

Ige orders Hawaii residents statewide to stay at home to combat coronavirus spread

Gov. David Ige ordered all Hawaii residents to stay home starting Wednesday under a statewide shutdown intended to help stop the spread of the coronavirus and extended the deadline for state income tax return filings by three months. Ige said the .....»»

Category: topSource: bizjournalsMar 24th, 2020

Coronavirus could cause Hawaii tourism to drop 10%, UHERO says

Hawaii’s tourism sector could decline by 10% this year and the state could lose nearly 6,000 jobs from the impact of the global COVID-19 coronavirus outbreak, according to an interim forecast update by the University of Hawaii Economic Research O.....»»

Category: topSource: bizjournalsMar 11th, 2020

Voters to decide on new taxes for Portland-area homeless services in May

Portland-area voters in May will decide if they want new taxes on personal income and business profits to pay for homeless services. The Metro Council on Tuesday voted unanimously to refer the proposal to raise $250 million a year to the Metro regiona.....»»

Category: topSource: bizjournalsFeb 26th, 2020

Par Pacific Holdings releases positive Q4 results

Par Pacific Holdings, Inc. (NYSE: PARR), the parent company of Par Hawaii, saw positive results in its year-end and fourth quarter results. Par Pacific reported a net income of $40.8 million, or $0.80 per diluted share, for the full-year 2019, com.....»»

Category: topSource: bizjournalsFeb 25th, 2020

Arista Networks shares drop 3% on decline in year-over-year revenue

Arista Networks Inc. shares were down 3% in after-hours trading Thursday after the cloud-networking provider reported fourth-quarter revenue that dropped from a year ago. Arista reported net income of $260.7 million, or $3.25 a share, in the quarte.....»»

Category: topSource: marketwatchFeb 13th, 2020

Corning sees profit drop in 2019

Corning has reported its full-year 2019 revenues grew 2% annually to reach US$11.5 billion, while net income for the year arrived at US$960 million, falling 10% compared to 2018's US$1.07 billion......»»

Category: topSource: digitimesJan 29th, 2020