Business News

Oil Continues to Pump Higher

Can’t believe I missed it yesterday but Yankee great Yogi Berra turned 90.  My favorite Yogi quote speaks to our wealth building efforts. “If you don't know where you are going, you might wind up someplace else.”

Posting its best growth in almost two years, euro zone first quarter GDP rose 0.4% beating the U.S. expansion rate of 0.2%. (CNBC)

Nine of 10 components in National Federation of Independent Business Small Business Optimism Index report increased or remained unchanged in April after all ten fell in March. The index rose 1.7 points from March to 96.9.  Small business owners are still wary of the future. Capital spending plans rose 2 points and reports of actual capital outlay are up rising to an expansion high level of 60%.  Plans to increase inventories gained 3 points.  (NFIB)

Dean Foods began 2015 on an improved note posting a profits gain of 24 cents a share vs a loss last year. Results were driven by improvement in the commodity market and lower raw milk costs. However net sales descended 12.4% and volumes declined 3%.  (Zacks)

Macy's delivered quarterly results that fell short of expectations and the retailer raised its share buyback program by $1.5 billion. The retail giant posted profits of 56 cents per share, down from 60 cents a year-earlier. Revenue fell to $6.23 billion from $6.28 billion a year ago. (CNBC)

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