Fed Pushes Rate Up Another Quarter Point As Economy Strengthens

Fed Pushes Rate Up Another Quarter Point As Economy Strengthens

Washington, DC…Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate was little changed in recent months. Household spending has continued to rise moderately while […]

US Economy Adds 235,000 Jobs In February

US Economy Adds 235,000 Jobs In February

Washington, DC…Nonfarm payroll employment rose by 235,000 in February, and the unemployment rate changed little at 4.7 percent. Job gains occurred in construction, private educational services, manufacturing, health care, and mining. Incorporating revisions for December and January, which increased nonfarm payroll employment by 9,000 on net, monthly job gains have averaged 209,000 over the past […]

Caliburger Unveils “Flippy” The Burger Flipping Robot

Caliburger Unveils “Flippy” The Burger Flipping Robot

Pasadena, CA…Miso Robotics and Cali Group today unveiled Flippy, an artificial intelligence-driven robot that will work alongside kitchen staff to grill burgers at CaliBurger restaurants. Flippy had its debut at the CaliBurger location in Pasadena, California. A video demonstration captured the robotic kitchen assistant flipping burgers and placing them on buns. Flippy will roll out […]

US Economy Adds 227,000 Nonfarm Jobs In January, Labor Participation Rate At 62.9%

US Economy Adds 227,000 Nonfarm Jobs In January, Labor Participation Rate At 62.9%

Washington, DC…According to the Bureau of Labor Statistics Nonfarm payroll employment rose by 227,000 in January, and the unemployment rate was little changed at 4.8 percent. Job gains occurred in retail trade, construction, and financial activities. In 2016, job gains averaged 187,000 per month. Incorporating revisions for November and December, which decreased nonfarm payroll employment […]

Starbucks Chairman & CEO Sends Message To Partners In Regards To Trump Administration

Starbucks Chairman & CEO Sends Message To Partners In Regards To Trump Administration

Seattle, WA…Starbucks chairman and ceo sent the following message to all partners (employees) on January 29, 2017. Dear partners- I write to you today with deep concern, a heavy heart and a resolute promise. Let me begin with the news that is immediately in front of us: we have all been witness to the confusion, […]

Gross Domestic Product Only 1.6% In 2016 & 1.9% For 4th Quarter

Gross Domestic Product Only 1.6% In 2016 & 1.9% For 4th Quarter

Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the fourth quarter of 2016 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.5 percent. The Bureau emphasized that the fourth-quarter advance estimate released today is based […]

Ringling Bros. and Barnum & Bailey® Circus Will End Its 146 Year Run in May

Ringling Bros. and Barnum & Bailey® Circus Will End Its 146 Year Run in May

Ellenton, Fl…Feld Entertainment Inc., parent company of Ringling Bros. and Barnum & Bailey® and the world’s largest producer of live family entertainment, announced today that the iconic 146-year-old circus would hold its final performances later this year. Ringling Bros.®’ two circus units will conclude their tours with their final shows at the Dunkin’ Donuts Center […]

SpaceX Successfully Launched 10 Iridium Satellites Today As Launches Resume

SpaceX Successfully Launched 10 Iridium Satellites Today As Launches Resume

Vanderberg, CA…From Spacex: “On January 14, 2017, SpaceX’s Falcon 9 successfully delivered 10 satellites to low-Earth orbit for Iridium, a global leader in mobile voice and data satellite communications. The 10 satellites are the first of at least 70 satellites that SpaceX will launch for Iridium’s next generation global satellite constellation, Iridium NEXT. Below is […]

Stanley Black & Decker Reaches Agreement To Purchase Craftsman Brand From Sears Holdings

Stanley Black & Decker Reaches Agreement To Purchase Craftsman Brand From Sears Holdings

New Britain, Conn…Stanley Black & Decker an S&P 500 global diversified industrial company, and Sears Holdings Corporation (NASDAQ: SHLD) (“Sears Holdings”), announced today that they have entered into a definitive agreement under which Stanley Black& Decker will purchase the Craftsman brand from Sears Holdings. The transaction provides Stanley Black& Decker with the rights to develop, […]

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