hurricane

Kohl's Reported Worse-than-Expected Earnings, Shares Drop

Kohl's Reported Worse-than-Expected Earnings, Shares Drop

Kohl's Corporation (NYSE: KSS) reported worse-than-expected third-quarter earnings on Thursday. The results were influenced by higher costs and hurricanes. Shares of the company dropped 6.9% to $37.97 per share after the announcement.For the thi..

Shell Beats Third Quarter Estimates

Shell Beats Third Quarter Estimates

Shell Global (NYSE: RDS.A) reported almost a 50% rise in quarterly profits that was mostly driven by strong refining while also adapting well to low oil prices. Cash generation has been boosted in recent quarters as costs have been cut and asse..

American International Group Expects Losses After Natural Disasters

American International Group Expects Losses After Natural Disasters

According to Reuters, American International Group Inc. (NYSE: AIG) announced that it expects to book pre-tax losses of about $3 billion in the third quarter related to natural disasters, hurricanes Harvey, Maria and Irma. American International Gro..

U.S Jobless Claims Fall 23,000 to 259,000

U.S Jobless Claims Fall 23,000 to 259,000

The number of Americans filing for unemployment benefits fell unexpectedly last week as the impact of Hurricane in Texas and Florida continues to fade.Initial claims for unemployment benefits decreased by 23,000 to a seasonally adjusted 259,000 in t..

U.S. Stocks Hit Record Highs

U.S. Stocks Hit Record Highs

U.S. stocks traded higher on Monday and hit new record highs as investors are waiting for the Federal Reserve’s policy meeting this week.All three major indexes hit new record highs. The Dow Jones industrial average rose 0.45 percent or 76.84 ..

Tesla Wirelessly Upgrades Florida Residents Vehicles’ Range to escape Irma

Tesla Wirelessly Upgrades Florida Residents Vehicles’ Range to escape Irma

In wake of the hurricane Irma, millions of South Florida residents evacuated the region causing traffic jams on major highway routes out of the state. Drivers with gas powered cars faced hours of waiting and elevated prices for gas due to hurricane ..

Job Growth Slows in August

Job Growth Slows in August

The U.S. economy created less-than-expected jobs in August and unemployment rate edged higher from a 16-year low.According to a report released by the Bureau of Labor Statistics, the U.S. employers added 156,000 jobs in August and the unemployment r..