• The Cassette Tape Underground Resurgence
  • Auto Sales Spring Forward
  • Escalating incentives leave auto dealers uneasy

The Cassette Tape Underground Resurgence

Brooklyn, NEW YORK- Last September, the first international Cassette Store Day was held to celebrate the fiftieth anniversary of this technology. In New York City, obscure labels released cassettes of obscure bands in small numbers to celebrate the occasion, garnering attention from the media. Yet, cassettes on the independent music […]

Retail Sales Expected to Rebound but not Make Up for Winter Slump

As warmer weather approaches, economists are expecting retail sales to rebound. Yet, experts predict that next Monday’s advanced retail sales report, released by the Census Bureau and the Department of Commerce, will not show that March’s retail sector has made up for sales lost during earlier months. Economists estimate that […]

Auto Sales Spring Forward

Auto sales picked up speed in March after winter’s deep freeze. Industry sales far outpaced analysts’ expectations. The 16.3 million units easily topped the 15.8 million annualized sales rate that was forecasted. Total vehicle sales rose 6 percent, leaving automakers to breathe a sigh of relief after two months of […]

Escalating incentives leave auto dealers uneasy

Automakers are reacting to dismal winter sales by extending discounts through April, leaving dealers with clogged inventories worried that price cuts will be at the expense of their profits. When snow and ice storms ravaged several eastern states, Nissan salesman, John Foley expected foot traffic, along with sales to slow […]

Where’s the Beef?

The beef ribs at Briskettown in Brooklyn, N.Y, were one of the most popular items on the menu three months ago. In January, pitmaster and owner Daniel Delaney reluctantly removed the ribs. Delaney buys expensive beef to begin with—anti-hormone free, anti-biotic free cattle. But the rising cost of the meat […]

 

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The Cassette Tape Underground Resurgence

The Cassette Tape Underground Resurgence

Brooklyn, NEW YORK- Last September, the first international Cassette Store Day was held to celebrate the fiftieth anniversary of this technology. In New York City, obscure labels released cassettes of obscure bands in small numbers to celebrate...

 

Retail Sales Expected to Rebound but not Make Up for Winter Slump

As warmer weather approaches, economists are expecting retail sales to rebound. Yet, experts predict that next Monday’s advanced retail sales report, released by the Census Bureau and the Department of Commerce, will not show that March’s...

 

Auto Sales Spring Forward

Auto Sales Spring Forward

Auto sales picked up speed in March after winter’s deep freeze. Industry sales far outpaced analysts’ expectations. The 16.3 million units easily topped the 15.8 million annualized sales rate that was forecasted. Total vehicle sales rose...

 

Escalating incentives leave auto dealers uneasy

Escalating incentives leave auto dealers uneasy

Automakers are reacting to dismal winter sales by extending discounts through April, leaving dealers with clogged inventories worried that price cuts will be at the expense of their profits. When snow and ice storms ravaged several eastern states,...

 

Where’s the Beef?

The beef ribs at Briskettown in Brooklyn, N.Y, were one of the most popular items on the menu three months ago. In January, pitmaster and owner Daniel Delaney reluctantly removed the ribs. Delaney buys expensive beef to begin with—anti-hormone...

 

Building permits rise, while housing starts remain steady in February

Building permits rise, while housing starts remain steady in February

Housings starts remained steady in February, but the increase in buildings permits issued could signal a healthier market in the coming months. Starts dipped 0.2 percent from January, down to 909,000 according to the new residential construction...

 

Retail sales still slow despite February increase

Retail sales still slow despite February increase

Retail sales for February were disappointing despite an increase over the previous month. Worse, January’s drop was revised downward, to 0.6 percent from 0.4 percent, meaning that February’s 0.3 percent increase does not recover the ground...

 

Petroleum Exports Takes a Small Dip but Energy Trends are Still Looking Up

Petroleum Exports Takes a Small Dip but Energy Trends are Still Looking Up

January US Trade Report showed a small increase in the trade gap but the deficit is likely to decline as petroleum exports accelerate into the next year. The deficit for traded goods inched up only $100 million in January the Commerce Department...

 

Personal Income and Spending Is Up Thanks To Obamacare

By Rebecca Harris Americans are making more and spending more, and they largely have the Barack Obama’s signature healthcare law to thank.   Personal income increased 0.3 percent in January, a higher growth than expected, and consumer...

 

Winter Weather Stalls February Auto Sales

Winter Weather Stalls February Auto Sales

Automakers are still struggling to gain momentum, as February auto sales remained essentially flat.  Unlike last month’s overly optimistic forecast, the 15.34 annualized sales rate came in line with economist estimates polled by Bloomberg....