Breakfast Bites: Equities are struggling to maintain gains this morning in the face of mixed economic reports and earnings as investors bargain hunt after the best start to a year for the S&P 500 since 1989
American incomes rose in December by the most in eight years, a positive sign for consumer spending that could help the economy sustain momentum early this year. Personal income for Americans rose 2.6 % last month, the Commerce Department said. That was the biggest increase since December 2004 and well above analysts' expectations for a 0.8 % gain.
Consumer spending rose 0.2 % after a 0.4% gain the prior period
The number of Americans filing new claims for unemployment benefits bounced off five-year lows last week, pulling them back to levels consistent with modest job growth. Initial claims for state unemployment benefits increased 38,000 to a seasonally adjusted 368,000
On Thursday, Jan. 31 executives of California-based homebuilder TRI Pointe Homes will visit the New York Stock Exchange (NYSE) to celebrate the company's completion of its initial public offering and first day of trading. TRI Pointe Homes will begin trading on the NYSE today under the ticker symbol "TPH." TRI Pointe Homes operates in California and more recently Colorado.
To highlight the occasion, company executives from TRI Pointe Homes and Starwood Capital Group, which invested in TRI Pointe Homes in 2010, will ring the NYSE Opening Bell.
About TRI Pointe Homes, Inc.
The Company is engaged in the design, construction and sale of innovative single-family homes in planned communities in major metropolitan areas located throughout Southern and Northern California and...
As as Senior. Media Relations Specialist for NYSE Euronext, Judy Shaw plays a key role in promoting NYSE listed companies, IPOs and transfers and other NYSE events.
Child care services provider, Bright Horizons, received a warm reception on the NYSE trading floor as it celebrated its IPO on January 25. Led by CEO David Lissy, Bright Horizons leadership and employees, dressed in stylish Bright Horizons blue sweaters, visited the New York Stock Exchange to witness the stock opening and the company’s return to the public market. Bright Horizons stock opened at $27.75 amid cheers from the crowd.
Following the opening, CEO Lissy took advantage of the spotlight and went on to talk to the numerous media outlets situated on the NYSE trading floor as well as speak with several wire...
Ahead of the Bell: Dow futures are trading down 10 points and S&P futures are trading down 2 points. Weaker than expected GDP data from the US, disappointing German retail sales figures, along with losses at Deutsche bank are weighing on financial markets. The Federal Reserve said growth subsided in the 4th quarter last year, and a pullback was likely to be brief. The central bank repeated its pledge to continue its support for the economy by keeping interest rates low for the foreseeable future until the employment situation improves. Boeing and Facebook will be in focus today, after they reported better than expected top line numbers.
On the economic calendar today, the Labor Department will release weekly jobless claims before the opening bell, 350K is expected versus 330K for the prior week. Personal income and outlays for December will also be out before the...