Stocks give investors a big October treat

stock treats


If you exited the stock market earlier this month, you sure have something to “boo” about this Halloween.

October turned out to be a nice treat for investors. Those who stayed in are having an extra Happy Halloween.

The SP 500 is on track to end the month about 1% higher. The Nasdaq is up 1.5% and the Dow is up 0.9% after another dramatic 221 point gain Thursday.

No, October won’t be the best month of the year. But those are solid gains.

And we might not be done yet. According to CNNMoney’s survey of investment strategists, the SP 500 should end the year a tad over 2,000. The index is close to that level, but not there yet.

Related: Experts say stocks will rise more in 2014

So what drove the big turnaround? It’s pretty straightforward: earnings, earnings, earnings.

Investors like when companies beat on earnings, sales and profits, and by and large, that’s what the market is getting. Over 75% of companies in the SP 500 that have reported earnings so far have beaten analysts’ estimates, according to SP Capital IQ.

Businesses also give a sense of what they expect in the months ahead. Again, with a couple of notable exceptions such as IBM (IBM, Tech30) and Amazon (AMZN, Tech30), the outlook isn’t looking

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/S68q7ncbVZw/index.html

Starbucks to start coffee delivery soon

Starbucks for life 

You’ll soon be able get that frappe to go — to your house.

Starbucks (SBUX) said Thursday that it would start food and beverage delivery in the second half of the year.

“This our version of e-commerce on steroids,” CEO Howard Schultz said during an earnings call.

The company recently launched mobile ordering and touted its partnership with Uber that lets users take the car service to their nearest latte.

Starbucks for life 

Related: Starbucks app will now have your latte waiting

The earnings were largely in line with Wall Street’s expectations. Profits were right where analysts said they’d be, and the $4.2 billion in revenues came just short.

But next quarter’s numbers might have worried investors. For the next three months, the company said even its most rosy profit projections will fall short of previous expectations.

Executives said a small part of that is due to raises coming to workers next year, among other investments and rising coffee costs. Shares fell 4% in after-hours trading.

Related: Starbucks baristas get raises and a new dress code

Pumpkin Spice Pushback

When one analyst asked if Starbucks was feeling any heat from competitors flooding the market with their takes on its popular pumpkin-spice flavor,

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/yHrfHIE-o_k/index.html

Not made in China: Garment manufacturing Part II

ozy-chinamanufacturing


China thinks manufacturing clothes is so last decade.

As labor costs in the “world’s factory” continue to rise dramatically, global fashion brands are looking elsewhere to source apparel. In addition to established hubs like Bangladesh and Vietnam, the garment game is ripe for new players: Myanmar (Burma), Haiti and Ethiopia, among others, are looking to rejuvenate a once-thriving trade or even build one entirely from scratch.

China will shed approximately 85 million manufacturing jobs in the coming years, which, some development experts say, could be a golden opportunity for economic development à la South Korea.

The standard narrative: Start at the bottom with low-skill, basic textile manufacturing (like T-shirts) and work your way up to more complex garments (like suits), then to more complex goods like electronics. Improved quality of life and a rising consumer class will naturally follow, creating sustainable and natural growth.

Related: Study abroad, get married

As in China, garment assembly will then be seen as low-brow. “You don’t make tanks out of textiles,” says Derek Scissors, a scholar at the American Enterprise Institute.

china manufacturing jobs

But whether China’s successors can actually follow the “textile to tank” model is a point of serious contention. Some argue that new entrants can survive only by offering the lowest costs — read: unlivable wages and minimal, if any, rights. Footloose garment brands, apt to

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/OkjG6oKwDTE/index.html

Giant ratings for World Series Game 7

giants world series
After game 7’s ratings, Fox should be celebrating like the San Francisco Giants.


While game 1 of the 2014 World Series struck out in the ratings, game 7 was nothing less than a home run for Fox.

Wednesday night’s deciding game — which saw the San Francisco Giants beat the Kansas City Royals 3-2 — brought in an average of 23.5 million viewers.

That total almost doubled last week’s historically low-rated game 1, which only brought in 12.1 million viewers. It also made Wednesday’s match-up the highest rated World Series game since 2011.

Related: World Series strikes out with lowest Game 1 ratings in history

Game 7’s usually bring big ratings, but Wednesday’s numbers may have had an extra lift thanks to a close game and a legendary pitching performance by the Giant’s Madison Bumgarner.

Viewership grew as the broadcast went into the night, with 27.8 million tuning in towards the end of the game.

Over the seven games of the series, the Fall Classic averaged 13.8 million viewers — down from 15.2 million this time last year, but up from 12.7 million two years ago. Fox enjoyed victories in the key 18- to 49-year-old demographic six of the seven nights it aired.

The ratings victories were surely appreciated by Fox after a rough start to network’s fall slate of programming.

Related: ‘Charlie Brown’ Halloween

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/whusL-Wop6w/index.html

GM spokesman becomes ‘Chevy Guy’ thanks to ‘technology and stuff’

bumgarner wilde
“Chevy Guy” Rikk Wilde became a viral sensation bumbling his way through a World Series presentation Wednesday night.


Giants’ pitcher Madison Bumgarner may have gotten the trophy, but the true MVP of the World Series Wednesday night was Rikk Wilde.

Wilde, or as the Internet has dubbed him “Chevy Guy” was given the duty of presenting Bumgarner with the keys to a new Chevy Colorado at the end of Wednesday night’s World Series game 7.

Chevrolet is an official sponsor of Major League Baseball and traditionally the World Series MVP is presented with a car by a spokesman from the company.

It’s usually a cut and dry presentation, but Wilde, a Chevy regional manager, was visually nervous which caused him to bumble the lines that he was obviously reading from prepared notecards.

“It combines class winning, um, leading… ‘ya know, technology and stuff,” Wilde said about the Chevy Colorado during Fox’s post game show.

The phrase “technology and stuff” has since taken on a life on its own instantly becoming a hash-tag. Not to mention, Wilde getting bestowed with the moniker “Chevy Guy.”

You would think it an embarrassing situation for Chevy’s parent company, GM (GM), but the company is having fun with it.

Chevy even sent out tweets early Thursday morning with the viral catch phrase attached.

Article source: http://rss.cnn.com/~r/rss/money_latest/~3/FH97mSxq-Ac/index.html

The top reasons behind the U.S. national debt


By Shobhith Seth

Each year, most national governments come out with an annual budget that includes information on the budget deficit. A budget deficit or government deficit is the difference between receipts (like taxes) and expenses (like social security programs). Since there usually is a deficit or shortfall, the government has to make up for it by issuing treasury bills, bonds or notes, which allows the government to collect cash from common or institutional investors, enabling the government to continue its spending on programs. (Watch Investopedia’s helpful video on How Budget Deficits Work.)

In essence, the national debt is the net summation of the budget deficits – a debt that the government owes as an indirect debt to the taxpayers.

A much wider definition of national debt may also add in all possible future obligations and expenses, including future liabilities like pension payments and yet to be paid future amounts for goods and services that have been entered into contracts by the government.

Government borrowing, for the national debt shortfall, can also be in other forms – issuing other financial securities, or even borrowing from world-level organizations like the World Bank or private financial institutions. Since it is a borrowing at a governmental or national level, it is termed national debt or government debt, or even public debt.

The trasurydirect.gov website indicates that over the last two decades, the national debt has consistently increased. Other Article source: http://www.myfoxny.com/story/27164204/the-top-reasons-behind-the-us-national-debt

Future of air travel?

The mother of a 21-year-old who died after choking at a Brooklyn school says her daughter was autistic and was supposed to have full-time supervision. Catherine Smith said her daughter Dyasha was nonverbal and wore diapers. She says she told school officials her daughter’s food had to be cut up otherwise she would swallow it whole.

Article source: http://www.myfoxny.com/story/27160027/future-of-air-travel

Expert: fix banks or risk another crash

NEW YORK (MYFOXNY) –

“What the heck is going on?!” It’s a simple question that’s launched an entire book.

In “The Next Money Crash and How to Avoid It,” Uli Kortsch explains what’s wrong with the world’s financial systems and why our economy keeps running into trouble. Kortsch is the founder and president of Global Partners Investments and the Monetary Trust Initiative. He has worked in more than 50 countries, meeting with more than a dozen national presidents and ministers of finance throughout his career.

According to Kortsch, we have banks going bankrupt left, right, and center, and governments are in debt up to the eyeballs. Kortsch says 100 percent of our money is created by debt. There’s no other way around it.

When you borrow money, the bank doesn’t have that money, it creates it. And when you pay it back, it doesn’t exist again.

Wait, what? That’s right.

When you take out a loan, you’re not getting someone else’s money that’s sitting in the bank. You’re not even borrowing the bank’s money. The bank creates that money for you. When you pay off the loan, that money goes away.

And that’s what happened during the Great Recession.

Kortsch says that the problem with the 2008 crash was that we found ourselves in a deleveraging economy where everyone was trying to pay off their debts. That destroyed money.

That’s why the Federal Reserve has been stimulating the economy ever since. The program

Article source: http://www.myfoxny.com/story/27168042/expert-fix-banks-or-risk-another-crash