Money

Colorado unemployment rate inches up; fewer jobs added

Colorado unemployment rate inches up; fewer jobs added

Both of those represent changes of less than 0.5 percent. That's according to the latest monthly report on the state's jobs picture from the Colorado Department of Labor and Employment, released today. "The low unemployment rate and job gains are indicators of the ongoing strength of the economy in MA". Employment there grew by 2,279 over the month while the number of people counted as unemployed fell by 1,673. Read More

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Foot Locker shares surge the most in 40 years after earnings beat

Foot Locker shares surge the most in 40 years after earnings beat

AMG National Trust Bank's holdings in Foot Locker were worth $531,000 as of its most recent filing with the Securities and Exchange Commission. The firm has "Sell" rating by Zacks given on Monday, September 21. Foot Locker Inc . had 102 analyst reports since July 21, 2015 according to SRatingsIntel. Gross margins also declined in the period, to 31.0% percent of sales from 33.9% past year. Read More

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Thanksgiving travel to grow, despite higher gas prices

Thanksgiving travel to grow, despite higher gas prices

Although gas prices are the highest since Thanksgiving 2014, AAA's expecting a record number of Americans to hit the road starting next Tuesday. In the past 15 years, the lowest estimated figure was 39 million in 2009. "A strong economy and labor market are generating rising incomes and higher consumer confidence". Air travel is expected to grow by 5 percent to 3.95 million trips, buoyed by the cheapest tickets since 2013, AAA said. Read More

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Crude oil at $60/bbl not the 'new normal' - IEA

Crude oil at $60/bbl not the 'new normal' - IEA

Under the IEA's New Policies Scenario, based on existing legislation and announced policy intentions relative to emissions and climate change, the oil price should continue to rise toward $83 a barrel by the mid-2020s. The U.S. shale surge could also mean an era of lower-for-longer oil prices. The International Energy Agency said the oil industry's hopes for a higher, stable crude prices trading between $50 to $60 a barrel could be dashed soon if the supply disruptions and geopolitical ... Read More

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Amazon pop-up stores coming to Whole Foods

Amazon pop-up stores coming to Whole Foods

Amazon has already started placing its tech products inside some Whole Foods grocery stores, but the Amazon-staffed pop-ups will make for a bigger presence in the grocery chain. Customers who stop by one of these Pop-Up stores will get the chance to try out some Amazon products in person, as well as learn about Prime if they'd like. Read More

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Koenigsegg beats Bugatti's speed record

Koenigsegg beats Bugatti's speed record

The French auto manufacturer's successor to the Veyron, the Chiron, has yet to complete a top speed run. The test was carried out on an 11-mile stretch of road between Las Vegas and Pahrhump, that had been closed to the public. American tuner, Hennesey, claimed it built the world's fastest vehicle with its 968kW, Lotus-based Venom GT after it questioned whether the Veyron's long-standing record was illegitimate as the auto was driven without its electronic speed limiter, and therefore not ... Read More

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Mark Zuckerberg Promises Radical Ad Transparency as Facebook Profit Rockets

Mark Zuckerberg Promises Radical Ad Transparency as Facebook Profit Rockets

Shares were down 2.5 percent during trading hours on Thursday. The company reported third-quarter net income of $4.7 billion, or $1.59 a share, compared to $2.63 billion, or 90 cents a share, in the year-ago period. The latest data on Instagram is on top of the estimated 126 million Americans exposed to Facebook posts from Russian entities seeking to create divisions during the election campaign. Read More

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Wells Fargo hit by legal costs, revenue misses Street view

Wells Fargo hit by legal costs, revenue misses Street view

Wells Fargo & Co's earnings per share for the third quarter of 2017 also didn't do WFC stock any favors today. Moreover, Trustmark Commercial Bank Tru Department has 0.65% invested in Wells Fargo & Co (NYSE: WFC ). The state of OH decided this week to extend a ban on working with the bank, and lawmakers are questioning whether Wells Fargo has paid a big enough price for its misdeeds. Read More

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Retail Roundup-Macy's leans on Bluemercury; Amazon testing delivery service

Retail Roundup-Macy's leans on Bluemercury; Amazon testing delivery service

Amazon has invested heavily in its logistics network over the years and taken on losses to build it out. The news had a negative effect on the shares of Amazon's long-time delivery partners United Parcel Service Inc . That centralized approach can create logjams, particularly during the busy holiday shopping season. "Seller Flex would also give Seattle-based Amazon more visibility into the warehousing and delivery operations of its merchant partners, potentially helping it make full use of ... Read More

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NFL Sunday night ratings down amid kneeling protest

NFL Sunday night ratings down amid kneeling protest

For last night's game between the Dallas Cowboys and Arizona Cardinals , the Monday Night Football game received a 9.3 overnight rating for ESPN . Conservatives are celebrating the overnight ratings decline of NBC's Sunday Night Football , but a look inside the numbers reveals that ratings were down because the game was lopsided, and not related to the anthem protest. Read More

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Tokyo Governor announces creation of national party

Tokyo Governor announces creation of national party

Japan's Defense Minister Tomomi Inada also resigned in late July under pressure about a series of missteps that led to a decline in public support for Abe. Should he secure a fourth term in office, Abe's agenda would push forward a raise in sales taxes to 10% from 8%, the revenue from which would be directed into child care and education spending rather than working to pay off the country's debt. Read More

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