Economy

NRF Released its 2017 Economic Forecast for Retail
February 9, 2017 at 12:53 pm

NRF said it is projecting that retail industry sales in 2017 (excluding the auto, gas, and restaurant industries) will grow in the ballpark of 3.7 to 4.2 percent over 2016 totals.

GoPro Continues to Struggle, Misses Earnings in Q4
February 3, 2017 at 2:52 pm

Barely two months ago, I threw the idea out there that action cam maker GoPro has possibly peaked as a company. That notion was based on the fact that the company has seen its stock price nosedive in the last year and a half. Since reaching nearly $87 per share in July 2015, GoPro rested…

Amazon 4Q16 Results: Earnings Beat, Revenue And Guidance Below Expectations
February 3, 2017 at 11:08 am

Amazon reported fiscal 4Q16 net sales of $43.7 billion, up 22.4% year over year but missing the $44.7 billion consensus estimate. The revenue miss was largely driven by the stronger USD and weaker than expected holiday sales. Sales would have increased by 24% if a $558 million impact from unfavorable foreign exchange rate changes had…