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    • Breaking News
    Jan 15, 2025
    • Consumer price inflation accelerated for the third month in a row in December to 2.9%, and core inflation, which excludes food and energy prices, slowed to an annual 3.2% from 3.3%, according to the monthly report released by the U.S. Bureau of Labor Statistics. 

      The annual rate of inflation accelerated from 2.7% in November, largely because of an increase in energy prices from a lower base in the previous year. 

      However, shelter cost continued to advance at 4.6% compared to 4.7%, food inflation accelerated to 2.5% from 2.4%, and transportation inflation advanced to 7.3% from 7.1% annual rate in the previous month. 

      On the other hand, prices for used cars and trucks fell at a slower annual pace of 3.3% from 3.4%, and new vehicles eased 0.4% compared to a fall of 0.7% annual pace in the previous month. 
      • Jan 14, 2025
      • KB Home increased 10.6% to $70.86 after the home builder reported better-than-expected quarterly results. 

        Revenue in the fourth quarter increased 19% to $1.99 billion from $1.67 billion, net income advanced 27% to $190.6 million from $150.3 million, and diluted earnings per share rose to $2.52 from $1.85 a year ago. 

        Homes delivered in the quarter increased 17% to 3,978 homes, and net orders and net order value for the quarter both increased by 41%, reaching 2,688 and $1.32 billion, respectively. 
        • Signet Jewelers Ltd. plunged 16% to $62.12 after the parent company of Zales lowered its fourth quarter outlook. 

          The company estimated total sales in the fourth quarter to range between $2.32 billion and $2.335 billion, compared to the previous estimate between $2.38 billion and $2.46 billion. 

          Same-store sales outlook in the quarter was lowered to a range between a decline of 2.0% and 2.5%, compared to the previous range between flat and an increase of 3.0%. 

          The diamond jeweler said same-store sales in the ten-week period to January 11 declined 2% from a year ago. 

          The company blamed the sales decline on "merchandise assortment gaps at key gifting price points" and customers seeking more items with promotional discounts. 
          • Wall Street indexes advanced, and investors reviewed the first of two inflation reports amid heightened attention to underlying drivers after a strong jobs market report. 

            The S&P 500 index increased 0.4%, and the Nasdaq Composite advanced 0.5% after the producer price index rose less than expected in December. 

            The measure of the wholesale price index rose 0.2% from the previous month, and the core index, which excludes volatile food and energy prices, was flat, according to a report released by the Bureau of Labor Statistics Tuesday. 

            On an annual basis, producer price inflation accelerated to 3.3% in December from 3.0% in the previous month, and the core rate of inflation advanced to 3.5%. 

            Market participants are sensitive to inflation reports after nonfarm payrolls expanded by faster-than-expected 256,000 in December, confirming that the jobs market is too strong for the Federal Reserve to lower rates at its next meeting, later in the month. 
            • Jan 13, 2025
            • Lululemon Athletica increased 1.9% to $403.29 after the specialty apparel retailer lifted its fourth quarter sales outlook. 

              The company now estimated sales to increase between 11% and 12% to between $3.56 billion and $3.58 billion, higher than the previous range between $3.48 billion and $3.51 billion. 

              The company is now forecasting its earnings per share to range between $5.81 and $5.85 compared to the previous estimate between $5.56 and $5.64. 
              • Moderna Inc. declined 20% to $33.72 after the biotech company lowered its 2025 revenue range to between $1.5 billion and $2.5 billion, a decrease of $1 billion from the previous estimate as the company continues its operating costs. 

                The revised outlook is lower than the previous outlook between $2.5 billion and $3.5 billion issued in September. 
                • Dec 25, 2024
                • New single-family home sales in November were at a seasonally adjusted annual rate of 664,000, an increase of 5.9% from October, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. 

                  New home sales rose from the revised October rate of 627,000 and jumped 8.7% from a year-ago rate of 611,000.

                  The median sales price of new homes sold in November was $402,600, and the average sales price was $484,800.

                  New home sales in the Midwest advanced 10% from a year ago to 88,000; in the South, they rose 13.6% to 419,000; fell 1.4% to 136,000; and dropped 11.5% to 23,000.
                  • Dec 23, 2024
                  • New orders for manufactured durable goods in November, down three of the last four months, declined from the previous month, led by the weakness in transportation orders. 

                    New orders decreased $3.0 billion, or 1.1%, from the previous month or fell 1.3% from a year ago to $285.1 billion, the U.S. Census Bureau announced today. 

                    This followed a 0.8% October increase. 

                    Excluding transportation, new orders eased 0.1%; excluding defense, new orders fell 0.3%. 

                    Transportation equipment orders, also down three of the last four months, drove the decline with a fall of $2.9 billion, or 2.9%, to $95.5 billion.

                    However, closely watched proxy for business spending, non-defense capital goods excluding aircraft advanced 0.7%, the fastest increase since August 2023, and reversing the fall of 0.1% in October. 
                    • Dec 20, 2024
                    • FedEx Corp. increased 6.8% to $294.30 after the parcel delivery company reported its quarterly results and announced spinning off its freight business. 

                      Revenue in the fiscal second quarter was flat at $21.96 billion from $22.16 billion; net income edged down to $741 million from $900 million, and diluted earnings per share eased to $3.03 from $3.55 a year ago. 

                      The company repurchased 3.7 million of its own shares for $1 billion in the quarter, and about $3.1 billion remained available under the current stock repurchase program. 

                      FedEx said it plans to separate its freight business as a publicly listed company and complete the transaction over the next 18 months. 

                      The parcel delivery company estimated fiscal 2025 revenue to be flat compared to the previous estimate of an increase in single-digit percentage. 

                      The company estimated diluted earnings per share before the retirement plan-related adjustments. between $16.45 and $17.45, compared to the previous estimate between $19.0 and $20.0. 
                      • Nike Inc. declined 4.8% to $72.83 after the athletic shoemaker reported fiscal second quarter sales declined and the company forecasted weaker sales in the fiscal third quarter. 

                        Revenue in the fiscal second quarter ending in November decreased 8% to $12.4 billion from $13.4 billion, net income fell 26% to $1.2 billion from $1.6 billion, and diluted earnings per share eased to 78 cents from $1.03 a year earlier. 

                        Nike's sales have been affected by the lack of new products and higher levels of discounting, which are also affecting gross margin. 

                        The company estimated gross margin to decline between 3.0% and 3.5% in the holiday quarter.