Date: September 5, 2019 Nonfarm Business Sector According to a release from U. S. Bureau of Labor Statistics, “nonfarm business sector labor productivity increased 2.3% in the second quarter of 2019, as output increased 1.9% and hours worked decreased 0.4%.” Year over year, from the second quarter of 2018 to the second quarter of 2019,
Date: September 4, 2019 Despite major challenges affecting the Company, its performance for the year ended March 31, 2019 still yielded positive results. Revenues increased to $12.91 billion compared to $12.55 billion the prior year. Profit, however, was down 2% from $3.41 billion to $4.84 billion. Managing Director, Marcus Steele, at the 2019 Annual General
September 4, 2019 Goods and Services Trade Deficit The U.S. Census Bureau and the U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $54.0 billion in July, down $1.5 billion from $55.5 billion in June.” July exports ($207.4 billion), were more than June exports by $1.2 billion, whereas, July imports were
Date: September 3, 2019 According to the latest report published by Eurostat, the statistical office of the European Union, “In July 2019, compared with June 2019, industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28.” However, in June 2019, prices declined by 0.6% in the euro area
Date: September 2, 2019 iCreate Limited (ICREATE) for the six months ended June 30, 2019 reported revenues of $25.02 million, up from $19.74 million reported a year ago. For the quarter, ICREATE posted $13.13 million ( 2018: $8.25 million) in revenue. Management noted, “Our Kingston location accounts for approximately 98% of total revenues, signalling a
Date: September 2, 2019 In July, personal income rose $23.9 billion (0.1%) in the U.S. according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $44.4 billion (0.3%) and personal consumption expenditures (PCE) grew $93.1 billion (0.6%). Real DPI rose 0.1% in July and Real PCE climbed 0.4%. The PCE
September 02, 2019 Kindly click the link below to view today's featured stock. Weekly Picks 02.09.19 GENAC The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the
Date: August 30, 2019 Fontana Limited recorded a 8% increase in revenues to total $3.70 billion compared to $3.42 billion for the same period in 2018. Revenue to the quarter rose 15% to close the fourth quarter at $593.86 million (2018: $515.73 million). Cost of Sales for the year increased 12%, closing at $2.38 billion,
August 29, 2019 The Bank of Jamaica (BOJ) held its Quarterly Monetary Policy Press Conference today, where the new Governor, Mr. Richard Byles, commented on the Bank’s decision to lower the policy interest rate by 25 basis points to 0.50% effective August 28, 2019. According to the Governor, “Bank of Jamaica’s decision to cut
Date: August 29, 2019 Income increased by 5% to $651.16 million relative to the $617.40 million recorded for the corresponding nine months period the prior year. Other operating income also increased for the period under review, growing 4% to $27.76 million relative to $26.77 a year earlier. Income for the third quarter rose 9% to
