Author: John King, Quacera Covestor model: QPM Radar Disclosure: none We watched an interesting interview on Bloomberg over the weekend with Howard Schultz, the CEO of Starbucks (Nasdaq: SBUX). The interviewer asked him how the company was coping with the higher costs of coffee and the other products it uses. […]
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Starbucks (NASDAQ: SBUX) put an extra tremor in the steps of caffeine addicted investors this morning when it announced that it expected the rising cost of coffee to derail profits more than previously anticipated. This announcement followed an adjusted earnings forecast that came in below analysts’ expectations. But even with […]
It looked as though it was going to be a dark day for the Dow Jones Industrial Average as it sank as many as 162 points today. This drop came after the release of details about Ireland’s $85 billion bailout and concerns that Portugal might also need a bailout. These […]
The Labor Department issued their October 2010 Employment Situation Summary today, and showed an increase of 151,000 nonfarm jobs in October, although the unemployment rate remained unchanged at 9.6 percent. You can see the full report here. Unfortunately, the pending home sales news released by the National Association of Realtors […]
The Federal Reserve released their minutes from their September 2010 Federal Open Market Committee meeting along with a summary of the meeting’s discussions. In the summary (which you can read here), the committee talks about the struggling recovery, contracted bank lending, high unemployment and slightly increasing household spending. The upshot […]
U.S. markets surged on Friday as the Durable Goods report from the Census Bureau beat analysts’ expectations. According to the report (which you can read here), durable goods orders fell 1.3 percent in August. Analysts had predicted they would decline by 1.4 percent. If you exclude transportation, however, durable goods […]