J.C. Penney Rescue Deal Approved In Bankruptcy Court Via Reuters: A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered department store chain out of business and jeopardized tens of thousands of jobs. The U.S. Bankruptcy Court for the Southern District of Texas approved the deal, which will allow […]
Investors Bet Vaccine Sparks Revival In Beaten Down Stocks Via Reuters: Investors expecting an imminent COVID-19 vaccine are beginning to buy bank stocks and industrials in anticipation of a roaring return in consumer confidence, though many remain wary of risks in sectors ravaged by the pandemic. The development of some kind of preventative medicine is seen as the best chance of halting the coronavirus, which has killed 1.2 million people […]
Americans Plan to Scale Back on Holiday Spending This Year Via Gallup: Americans predict they will spend an average $805 on Christmas gifts this year, significantly below their estimate a year ago ($942) and the lowest October holiday spending projection Gallup has measured since 2016. The sharp decline in Americans' spending intentions since 2019 points to weak holiday sales for retailers. The Sept. 30-Oct. 15 poll also finds 28% of […]
Toyota, Honda Double Profit Outlook As China Rebounds From Pandemic Via Reuters: Japan's two biggest car manufacturers, Toyota Motor 7203.T and Honda Motor 7267.T on Friday more than doubled their operating profit forecasts, helped by recovering demand in China as it rebounds from the coronavirus pandemic. While China’s trade friction and worsening ties with the United States put pressure on Japanese companies to pull back from doing business there, China’s […]
Nintendo Raises Switch Forecast On Pandemic Gaming Boom Via Reuters: Japan’s Nintendo Co Ltd on Thursday said it expects to sell 24 million of its Switch games consoles in the year ending March 2021, up from a forecast of 19 million but still seen as cautious, as the COVID-19 pandemic drives a gaming boom. The Kyoto-based gaming company also hiked its operating profit forecast by 50% to 450 billion yen […]
Stock Futures Jump As Potential Washington Gridlock Signals Less Regulatory Risk Via Reuters: U.S. stock futures jumped on Thursday on bets that a potential gridlock in Washington could reduce the chance of major policy changes that would hurt corporate America, although concerns remained about the risk of a contested presidential election. Democrat Joe Biden moved closer to victory in the race to the White House on Thursday as election officials […]
US Construction Spending Up Again, Rises 0.3% In September Via AP News: U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected. The Commerce Department reported Monday that the September gain follows a downward revised gain of 0.8% in August. Spending on residential construction was strong yet again, with single-family home projects jumping 5.7%. Demand […]
Town Built On Guns Ponders Future After Remington Plant Sale Via AP News: Workers at the sprawling Remington factory in this upstate New York village took pride in a local gunmaking tradition stretching back to the days of flintlock rifles. Now they’re looking ahead with uncertainty. Jacquie Sweeney and her husband were among almost 600 workers fired by the company this week, a few months after Remington Outdoor Co. sought […]
Walmart Pulls Guns From Sales Floors, Citing Civil Unrest Via Yahoo: Walmart plans to remove guns and ammunition from its sales floors in the US following unrest in Philadelphia this week, a spokeswoman said Thursday. The retail giant will continue to sell the items to consumers who request them, but will pull them from displays. Guns and ammunition are sold at about half of US stores, primarily in locations where […]
Our future away from Big Government, Big Tech etc lies in returning to our past and the natural use and love of the land as in Christendom. Free Farm Friday is the radio hub for this movement!
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