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Business News

Business News


Markets sold off yesterday as good news was bad.  We got good news that the economy continues to grow and strengthen, but traders turned that sour as they worried about that meaning the Fed’s may lift their foot off the easy money gas pedal. (Seeking Alpha)

The US economy added a whopping 204,000  net jobs in October and big saw upward revisions in September and August.  The private sector added 212,000 jobs, States added 4000 jobs and the federal government shed 12,000 jobs.  In good news being bad markets initially turned lower.  (Associated Press)

Craft Brew Alliance, the makers of Widmer, Redhook and Kona beers, posted a profit increase of 50% in Q3 on a 6% increase in sales. The company says they are having a hard time raising prices in the current business environment. (Business Wire)

Exports in China rebounded in October after a tumble in September.  Exports were up twice what was expected at 5.7% growth. (Bloomberg)

China is expanding its steel production at the fastest rate in three years.  Freight traders have hired 51% more iron-ore carriers in September than the year before to meet Chinese demand.  The ore that will be carried to by these additional ships to China would build 150 Golden Gate Bridges. (Bloomberg)
 


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