Author Archives: flpbaruchnewsletter

US Retail Sales Increase due to the Damages Caused by the Hurricanes

The US retail sales increased by 1.6% in September mainly due to the damages hurricanes Harvey and Irma caused. The sector that benefited the most from the natural disaster is automobile industry. Many hurricane victims are buying new cars to … Continue reading

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Amazon Creates Another Reason to Become a Prime Member

Two years ago, Amazon decided to remove price tags from the products within their brick and mortar stores in cities such as New York, Chicago and San Jose. The trick is, in order to find out the price, costumers have … Continue reading

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Oil Prices Stabilize as OPEC and Russia Continue Cutting Supply

The Organization of the Petroleum Exporting Countries continues keeping its promise of decreasing oil supply and that stabilized oil prices and brought it to above $501 a barrel from its $30 lows. In May meeting, OPEC and Russia agreed to … Continue reading

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Television Distibutors Suffer in 3rd Quarter

After AT&T disclosed its quarterly losses in traditional-TV customers, concerns grew that cord-cutting is putting heavy pressure on television distributers. Shares of AT&T, Dish Network Corp., Comcast Corp., and Chartered Communications all dropped, a sell-off erasing more than $24 billion … Continue reading

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Trump Reduces Federal Payments to Insurers

The White House will stop making federal payments to insurers. These payments are subsidies for low income people who purchase health plans through the health law’s exchange. The payments reduce the out-of-pocket costs such as deductibles when people need health-care; … Continue reading

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US Solar Energy Industry Threatened by Tariffs

The U.S. International Trade Commission ruled that American solar panel makers are harmed by competition from Asia and the world. The commission will recommend a tariff on specific imports to improve the American solar-energy industry. Experts argue that a tariff … Continue reading

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Wells Fargo’s Struggle Continues in 3rd Quarter

Wells Fargo’s woes continue as it struggles in the third quarter compared to rival banks. The bank saw a decrease of total loans by 1% compared to a year earlier while its rivals saw growth between 2% to 3%. Consumer … Continue reading

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