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Business News

Business News


The number of job openings Rose to 4.7 million in June, up 100,000 from the prior month. This is the biggest number of Job opening since February 2001. Job openings have increased 17.6% over the last 12 months. (associated Press)

The national Federation of Independent businesses small business optimism index rose to 95.7 last month. While improving this index is still five points below the 35 year average. Small business owners are most concerned about government overregulation and taxes. (cNBC)

Australia plans to export more iron ore this year than any nation ever and that is driving up shipping costs by 80%.  Increase sales from Brazil before year end means freight rates could go even higher. Miners will ship an extra 97.8 million metric tons from Australia, equal to more than 600 cargo ships hauling the ore. (Bloomberg)

A new wealth gap is opening among US corporations, where cash holdings are growing more concentrated. eighteen American businesses hold 36% of corporate wealth in 2013, up from 27% in 2009. The top 1% of multinationals, includes Microsoft, Google, Coca-Cola, Apple and forward, that reap a big share of profits from non-US sales.  (Bloomberg)
 


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