Business News

Crude Continues To Sink

The ying and the yang of market volatility is back as yesterday we had a monster gain that wiped out the monster loss of the day before.  Are the bulls or the bears in charge?  Only time will tell; but in the long-run we know the bulls will prevail.  (Fox Business News)

PepsiCo beat analysts' expectations in the third quarter. The company's third-quarter profits grew 10%  year-over-year. Revenue increased to $17.22 billion, up about 2%. (Reuters)

Sales of personal computers fell 0.5% in the third quarter as shipments declined in emerging markets. Growth continued in mature markets, with shipments in the US rising 4%. The third quarter is typically driven by back-to-school sales and business purchases. (Wall Street Journal)

Many employers do a poor job making sure they are good fiduciaries for their company retire plans.  That may be why the US Supreme Court will consider giving 401(k) participants more power to sue their plans over investments that impose excessive fees. The appeal, filed by Edison International workers, contends that participants should be able to sue plans for retaining imprudent investments. (Bloomberg)

The level of government overspending fell by nearly a third during the 2014 fiscal year to $486 billion, as revenues grew 9% and spending grew only a fraction.  Higher spending was fueled largely by the cost of expanding health-care coverage and Social Security. (CNBC)
 

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