industrial news

Jobless claims edge up to 213,000 but still show strong US labor market and few layoffs

The numbers: The number of people who applied for unemployment benefits last week rose by 5,000 to 213,000, but new jobless claims are still quite low and reflect strong demand for labor even in a weakening US economy. The increase in new claims was the first in five weeks, but it was basically a statistical …

Jobless claims edge up to 213,000 but still show strong US labor market and few layoffs Read More »

“An economy struggling in a stagflationary environment”, says S&P Global on US business activity

The numbers: US companies said business activity perked up in September largely because of an increase in new customer orders, but high inflation and lingering supply shortages posed obstacles to growth prospects. The S&P Global US manufacturing sector index edged up to 51.8 this month from a two-year low of 51.5 in August, based on …

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Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job

Netflix Inc. is seeking a new chief accounting officer after its current one quits the role after less than four months. The streaming giant NFLX, -4.49% said in a regulatory filing Friday that Ken Barker has submitted his resignation effective Oct. 7. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, …

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Microsoft Corp. stock outperforms market despite losses on the day

Shares of Microsoft Corp. MSFT, -1.44% slipped 1.44% to $238.95 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.71% falling 1.71% to 3,789.93 and Dow Jones Industrial Average DJIA, -1.70% falling 1.70% to 30,183.78. This was the stock’s fifth consecutive day of …

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Berkshire Hathaway Inc. Cl B stock falls Wednesday, underperforms market

Shares of Berkshire Hathaway Inc. Cl B BRK.B, -2.31% slipped 2.31% to $270.74 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.71% falling 1.71% to 3,789.93 and Dow Jones Industrial Average DJIA, -1.70% falling 1.70% to 30,183.78. This was the stock’s second …

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Alphabet Inc. Cl A stock falls Wednesday, underperforms market

Shares of Alphabet Inc. Cl A GOOGLE, -1.84% slide 1.84% to $99.28 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.71% falling 1.71% to 3,789.93 and Dow Jones Industrial Average DJIA, -1.70% falling 1.70% to 30,183.78. This was the stock’s second consecutive …

Alphabet Inc. Cl A stock falls Wednesday, underperforms market Read More »

Alexandria Real Estate Equities Inc. stock falls Tuesday, underperforms market

Shares of Alexandria Real Estate Equities Inc. VEIN, -2.87% slide 2.87% to $144.74 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.13% falling 1.13% to 3,855.93 and Dow Jones Industrial Average DJIA, -1.01% falling 1.01% to 30,706.23. This was the stock’s sixth …

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Meta Platforms Inc. stock outperforms market on strong trading day

Shares of Meta Platforms Inc. META, +1.18% rallied 1.18% to $148.02 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +0.76% rising 0.76% to 11,535.02 and the Dow Jones Industrial Average DJIA, +0.64% rising 0.64% to 31,019.68. The stock’s rise snapped a five-day …

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Texas Instruments Inc. stock rises Monday, still underperforms market

Shares of Texas Instruments Inc. TXN, +0.60% inched 0.60% higher to $166.25 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.69% rising 0.69% to 3,899.89 and the Dow Jones Industrial Average DJIA, +0.64% rising 0.64% to 31,019.68. This was the stock’s second …

Texas Instruments Inc. stock rises Monday, still underperforms market Read More »