A great retail sales report confirmed that the U.S. consumer was in better shape than everyone expected. First the scoreboard: Dow: 14,455, +5.2 pts, +0.0 percentS&P 500: 1,554, +2.0 pts, +0.1 percentNASDAQ: 3,245, +2.8 pts, +0.0 percent And now the top stories: Retail sales jumped by 1.1 percent in February, which was much better than […]
Here’s a great segment from Warren Buffett‘s new shareholder letter, slamming CEOs who don’t engage in business or investment because of “uncertainty.” The kicker line at the end is this one: “If you are a CEO who has some large, profitable project you are shelving because of short-term worries, call Berkshire. Let us unburden you.” […]
Nutritional and weightloss supplement seller Herbalife just beat fourth-quarter earnings estimates and raised its sales guidance. Herbalife posted $1.05 EPS. Sales came in at $1.1 billion, according to the earnings release. On average, analysts polled by Bloomberg expected the multi-level marketing firm to post an adjusted EPS of $1.03 on sales of $1.049 billion. The […]