Wall Street profits at a 4-year high

“Wall Street profits bounced back strongly in 2016. Lower costs more than made up for the continued decline in revenues,” said New York State Comptroller Thomas P. DiNapoli. Pretax profits for the broker/dealer operations of New York Stock Exchange (NYSE) member firms, the traditional measure […]

Gordmans Stores filed for Chapter 11

Apparel and home décor retailer Gordmans Stores, Inc. (GMAN) announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nebraska. Founded in 1915, Gordmans currently operates […]

US CEOs’ optimism reached new high

United States’ CEOs’ plans for hiring and investment, and expectations for sales over the next six months jumped sharply with the largest increase since the fourth quarter of 2009, according to the Business Roundtable first quarter 2017 CEO Economic Outlook Survey. CEOs project 2.2 percent […]

Bill Ackman allegedly lost USD 2.8 billion in Valeant

Investor activist Bill Ackman and his Pershing Square Capital Management (PSH) firm, famous for their fight against Herbalife (HLF) which they deemed a pyramid scheme, would have lost up to USD 2.8 billion. Holding approximately 18.1 million shares and 9.1 million call options of Valeant...

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Towards 4 rate hikes by Yellen’s Fed in 2017?

The US labor market figures are so good that they would already meet the criteria set by the Federal Reserve (Fed) to define a situation of “full employment”. With 235,000 jobs created and a 0.2% increase in the average hourly wage in January 2017, the...

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81% of Airbnb business isn’t home sharing

The home-sharing platform Airbnb is allowing “commercial operators to run (…) illegal hotels in neighborhoods across the country,” Katherine Lugar, president and CEO of the American Hotel & Lodging Association (AHLA), said. A new study, Hosts with Multiple Units – A Key Driver of Airbnb […]

1.2bn oil barrels discovery in Alaska

Repsol and Armstrong Energy announced they made the largest US onshore oil discovery in 30 years. The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirm the Nanushuk play as a significant emerging play in Alaska’s North Slope. The contingent resources identified with […]

1 equals 4.6 for Trump infrastructures?

According to the Washington Post, the Trump administration promises to pump USD 1 trillion into improving the country’s crumbling infrastructure, but a benchmark report says it will take almost USD 4.6 trillion over the next eight years to bring all those systems up to an […]

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