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A poses with a Jeep Cherokee. |
Automakers reported May US sales on Wednesday, and almost every one posted a drop from the same month a year ago. |
In fact, the only member of the Detroit Big Three to post a gain was Fiat Chrysler Automobiles, which logged an increase of 1%. |
At GM, sales dropped 18%, and at Ford they slipped 6%. The steepness of GM's drop is partly explained by the pullback in so-called fleet sales to rental agencies and companies. It's focusing instead on more profitable retail sales. |
But FCA's outperformance comes down to one fairly simple thing: People are still buying pickup trucks and SUVs, two segments in which the carmaker is strong. Thanks to cheap gas, easy credit, and pent-up demand, these vehicles are continuing to sell even as passenger-car sales weaken. |
In fact, FCA CEO Sergio Marchionne has opined this year that a permanent structural shift is underway in the US, and that SUVs are in the process of displacing cars as Americans' vehicles of choice. |
But the flip side of this is that if FCA weren't selling trucks and SUVs — and if it didn't have the Jeep brand — then it would be in a bad position. |
This is why Marchionne isn't sitting on his hands but is actively trying to get FCA partnered or merged with another automaker ahead of an inevitable cyclical downturn. |
But FCA was able to maintain sales momentum in May, which had two fewer selling days than a year ago. |
The loss of selling days clearly hurt other automakers. |
"With new-car demand stabilizing in recent months, we're left with a market that is far more dependent on sales days within a given month," said Kelley Blue Book senior analyst Karl Brauer in a statement. |
"Months with as many or more sales days versus last year will likely see the same or slightly higher volume in 2016," he added. "Given the record numbers we experienced in 2015, and the continued projection for 17-plus million sales this year, the industry remains in a very good place." |
FCA shares traded down 2% on Wednesday to $7. Ford and GM dropped by closer to 3%. |
4x Weet Bix, milk, sugar and crushed ripe bananas all mixed together in a bowl. |
It's mashed (ripe) bananas and oat flour (I put oats into a coffee grinder). |
Some coconut or olive oil (+-1 Tbsp per 3 bananas). |
I just have salt, cinnamon & ginger in there too. |
Mix, dollop onto baking tray and bake for around 40'ish minutes - I flip mine halfway. |
Kind of like dense muffin when it's done or however you like it. |
Scrambled eggs with a little grated cheddar in it. |
It felt fancy. Working at home and my wife surprised me with coffee and the scrambled eggs. Man alive, she truly knows how to make me feel like royalty. |
some days its muesli and yogurt .. |
Heh, yeah. The smoothie is made with frozen banana so it's like thick soft-serve underneath with granola and fruit on top. |
with a side bowl of chilli ? |
Now that's an idea for the next braai. Flame grilled with peri-peri sauce as basting. |
^ As above with added cocoa. |
Troy Ave is out on $500,000 bond. |
The rapper was released from custody on Monday (Jul. 11), according to the New York Daily News. |
Recently, he was charged with attempted murder, weapons possession, and more charges in connection with a deadly shootout at Irving Plaza in May. |
Troy’s bodyguard and friend Ronald McPhatter was shot and killed during the incident. Ave denies being responsible for his death, but has not been ruled out as a murder suspect. The Brooklyn rapper was shot during the incident as well, suffering a leg wound that landed him in a wheelchair. His camp believes they can wi... |
Originally held without bail, Troy is now free with restrictions. He will have to wear an ankle monitor and is not allowed to leave the city, not even to visit his two children in New Jersey. He is also to stay away from concert venues and as a result, he will be unable to perform any music for fans. |
District Attorney Joshua Steinglass says Ave hasn’t made the case easier to solve. “What is clear is that the investigation from the outset has been hampered by the defendant who not only fired and removed the weapon from the crime scene, he refused to help in any way [to identify] who killed McPhatter,” he explained. |
Troy’s attorney John Stella, however, feels Ave will be free in the end. “We feel that we have a case to present that’s ultimately going to exonerate him and indicate that his actions were justified,” Stella said. |
I wear icy gold chains can't no brass break me‼️ ??? we out this…. #freetroyave available everywhere! |
Washington, D.C. - Congressmen Kevin Brady and Jim Matheson today released the following statement in response to the Administration’s opposition to lowering tax barriers to encourage American companies with earnings overseas to bring those dollars back to the U.S. for investment. |
H.R. 1834: the Freedom to Invest Act of 2011, introduced by Congressman Kevin Brady (R-TX) and Congressman Jim Matheson (D-UT), would temporarily lower a tax barrier to encourage American companies selling their goods and services abroad to bring those earnings back to the U.S. for investment. Presently more than $1 tr... |
The last time businesses were allowed to repatriate their overseas earnings in 2004, the S&P rallied 6.5% and gained 15% by the end of the next year. Real GDP grew substantially, from 3.1% in 2004 to 4.3% in 2005, and unemployment dropped from 5.5% in 2004 to 5.0% in 2005, and continuing to drop to 4.5% in 2006. |
The network blames "poor judgment" for the description of Michelle Obama as "Obama's baby mama." |
Well, the post I put up Wednesday night about the Fox News chyron that referred to Michelle Obama as "Obama's baby mama" has gotten a lot of attention from bloggers and the media. (More attention than I expected, frankly, not that I'm complaining.) Now, Fox News has responded to the outrage it has heard about the descr... |
The network released a short statement from its senior vice president of programming, Bill Shine. It reads, "A producer on the program exercised poor judgment in using this chyron during the segment." |
Both the Politico's Michael Calderone and Mediabistro's TVNewser blog report that Fox staffers were disturbed by what happened. "A Fox staffer said that others internally were bothered" by the description, Calderone says, while TVNewser says, "TVNewser hears higher ups were furious, while tipsters say the producer was ... |
A Fox spokeswoman did not respond to our requests for comment. |
The BP Gulf of Mexico drilling disaster is creating an opening for Russian crude exports to the United States, with the ESPO pipeline output coming into West Coast refiners range of options. |
The Russian Eastern Siberia Pacific Ocean Pipeline system, or ESPO, was originally meant to export Russian crude to Asian Pacific. |
But since BP’s catastrophe in the Gulf of Mexico, it's ramped up flows to the USA, which is buying 300,000 barrels a day by tanker. |
Jason Feer, Senior Vice President of Argus Media says it’s a case of Russia getting a new customer and the US getting attractively priced, quality oil. |
ESPO crude only accounts for only 4% of the US West Coast refining capacity – but that could grow, if conditions in the Gulf of Mexico worsen. |
However, Vitaly Kryukov, analyst at IFD Capital says Siberian crude sells on price – and that if consistency and quality improve its price advantage could disappear. |
The government's decision to levy an export tax on ESPO crude from July 1 is also a cause for concern. But with Washington regulators in the mood to restrict exploration in US waters, oil from Siberia could carve itself a new niche. |
CARLSBAD, Calif., Feb. 2, 2017 /PRNewswire/ -- The economy and hiring has improved over the past seven years and now hiring managers are facing challenges filling certain in-demand positions, says a new CareerCast report on the toughest jobs to fill. Some of the most in-demand positions in 2017 include Software Enginee... |
The need for truck drivers remains high. |
"The concept of not having enough candidates might have felt foreign at the height of the recession, when unemployment lingered around 10%," says Kyle Kensing, Online Content Editor, CareerCast. "However, improvements in the job market have resulted in a different issue for some industries: Labor shortages." |
The challenge hiring managers face for many of the most in-demand professions is finding applicants with the necessary skills. Because Data Scientist is a relatively new career, there isn't an established workforce of trained professionals. Many universities do not offer data science degree programs, which means worker... |
For Truck Drivers, who need a special commercial license, the American Trucking Association (ATA) projects nearly 900,000 openings by 2025. |
Registered Nurse is another high-outlook career. It's also the profession with the single-most openings currently found in the CareerCast.com jobs database. The BLS projects new nursing hires of nearly a half-million in addition to the 2.75 million currently employed. However, the actual need by 2024 may be closer to 1... |
Medical Services Managers must be well-versed both in the economic and medical sides of healthcare. Finding candidates with the necessary acumen in both disciplines can be difficult. |
The Georgetown University Center on Education and the Workforce reports healthcare and technology are two majors with the lowest unemployment rates for recent graduates. With a decline in the number of college grads, that means fewer applicants for job openings. |
It's a similar situation for finance and business graduates. The projected growth for one profession in this discipline -- Financial Advisor – is a whopping 30%. |
The underlining challenge hiring managers face for the toughest jobs to fill is finding applicants with the necessary skill sets. |
To determine the most in-demand professions, CareerCast.com evaluates Bureau of Labor Statistics (BLS) data on growth outlook, as well as industry and profession hiring trends over the last decade; trade statistics; university graduate employment data; and the CareerCast.com database of listings to determine the factor... |
*Median Annual Salary and Projected Hiring Growth by 2024 are via the U.S. Bureau of Labor Statistics. |
CareerCast.com, created by Adicio, is a job search portal that offers extensive local, niche and national job listings from across North America; job-hunting, career-management and HR-focused editorial content; and videos and blogs; and provides recruiters with the ability to post jobs directly to more than 800 niche c... |
This end-unit villa has an eat-in kitchen amounting to two dining areas. When built this home-owner elected to have an extended great room instead of a lanai. The rear windows allow for much light. Currently, when you open the front door you look straight ahead to all the azaleas in bloom. A rear side door gives access... |
If a consumer-oriented Web-based services company goes out of business, shouldn’t its PayPal account expire too? |
I’m just wondering if other online consumers have had a similar experience to Encinitas, CA, resident Judd Handler. He says he recently discovered that he had been charged $17.95 on his PayPal account for a junk-mail screening service provided through ProQuo, a San Diego-based startup that went belly up last August. |
Handler says he vaguely remembers signing up for the service just over a year ago at a booth during the 2009 Earth Day festivities in San Diego’s Balboa Park. He says he hates junk mail, and signed up for what he thought was a free Web-based subscription service to block unwanted catalogs, flyers and other snail mail m... |
This particular transaction seems less interesting to me than the concept that a company might go out of business, while its billing arrangements continue to live on. PayPal has not responded to my requests for comment. I sent a couple of e-mail inquiries to Kimberly Conley and another public relations representative l... |
We’re not consumer advocates here at Xconomy, and I’m not in a position to help anyone resolve their billing disputes with PayPal. But we are curious about just how widespread this issue might be. So add a comment below if Handler’s tale sounds all-too-familiar to you. |
Previously, the highest recorded profit was in 1998 when the company made $1.3 billion. |
“This is the best year in the long, proud history of American Airlines and the best year by a long shot, more than double the prior record, and we’re extremely pleased to be reporting results like this just one year into our merger,” American Airlines chief executive Doug Parker told Wall Street analysts during a confe... |
Despite the record profits, investors were disappointed with American’s unit revenues, a key metric of an airline’s financial performance, and as a result shares of American [ticker: AAL] dropped almost 5 percent on Tuesday, closing at $52.69 on the Nasdaq exchange. |
With declining oil prices, American said it paid $2.52 per gallon of jet fuel, a decrease of 17.5 percent. Chief Financial Officer Derek Kerr told Wall Street analysts those fuel cost savings could translate to $5 billion a year, which would continue to boost American’s profits throughout 2015 since the airline does no... |
Excluding one-time accounting charges, American reported a fourth-quarter profit of $1.1 billion, or $1.52 a share, beating Wall Street analysts’ earnings estimates of $1.51 per share, according to FactSet Research. |
The company announced it will pay a dividend of 10 cents per share to shareholders of record as of Feb. 9. Its board has also authorized an additional $2 billion for share repurchase plan as American has already completed a $1 billion repurchase program. |
The carrier said its unit revenues declined 1 percent in the fourth quarter, partly due to increased competition from other airlines, including Southwest Airlines, which added dozens of new flights out of Dallas Love Field with the expiration of the Wright Amendment in October. |
Even though American Airlines knew the lifting of the Wright Amendment was coming in October 2014, it did not adequately predict how Southwest Airlines’ new flights out of Dallas Love Field would affect American’s flights out of Dallas/Fort Worth Airport. |
“We missed the impact of 50 new routes starting up,” American president Scott Kirby told analysts when explaining why the carrier missed its unit revenue forecasts for the fourth quarter. He added that the airline knew about the routes but didn’t build that into its normal forecasting process because it’s unusual to ha... |
The carrier expects that rebanking its Dallas/Fort Worth hub — where flights will be grouped together in peaks during the day — will help improve unit revenues on flights out of DFW as the airline feeds more connecting traffic through the hub. Rebanking will happen on March 29, Kirby said. |
Kirby added that demand remains strong although the carrier expects a negative impact in international markets from the strengthening U.S. dollar. |
American has plans to continue expanding to new Asian cities, but it likely won’t affect DFW. The carrier will launch its DFW-Beijing route in May but said it will focus new Asian routes out of Los Angeles. The company has asked the government for permission to fly a route between Los Angeles and Tokyo’s Haneda airport... |
But investors also appear concerned about rising labor costs at American. The airline recently gave the majority of its employees a 4 percent raise. The company is currently negotiating joint contract agreements with all of its unionized work groups except for the flight attendants who received a new contract with sign... |
Its pilots union is voting on a proposed contract offer from American that includes 23 percent pay raises. Voting will end on Friday morning with results expected from the Allied Pilots Association later that day. If the pilots approve the contract, American would have an additional $600 million in labor costs in 2015,... |
Separately, there was no news on a possible headquarters announcement for the Fort Worth company. When asked about whether or not the carrier would leave its headquarters on Amon Carter Blvd., American CEO Parker reiterated that the company is looking at its options and that it’s not high on the integration priority li... |
“We are studying the possibility as to what might be available. We have a perfectly acceptable facility that we’re working in today,” Parker said. |
▪ Shares of AAL stock rose 112 percent in 2014. So if you invested $100 in American shares on January 1, 2014, the shares would be worth $212.40 on December 31. |
▪ If fuel prices stay low, American could save $5 billion in 2015. It paid an average of $2.91 per gallon of jet fuel in 2015 and predicts it will pay an average of $1.73 to $1.78 per gallon in 2015. |
▪ Unit revenues dropped 1 percent to 13.50 cents of passenger revenue per available seat mile in the fourth quarter. |
▪ Faced stiffer competition from low-cost carriers on 50 routes in markets such as Philadelphia, Washington, D.C., and Dallas Love Field. Southwest added 35 new flights to its schedule at Love Field after the Wright Amendment restrictions expired in October. |
▪ Made $2.882 billion in profits in 2014 with revenues over $42.6 billion. |
Three in 10 undergraduates don't file for federal aid. |
Payment plans can help you break up a big college bill. |
If you're looking for some last-minute strategies to navigate fall tuition bills, don't add "underground casino" to the list of contenders. |
Parents experiencing a little bill shock at their student's looming college tab may identify with the plight of Scott and Kate Johansen (Will Ferrell and Amy Poehler) in "The House," now in theaters. |
Will Ferrell and Amy Poehler in The House. |
The couple's daughter, Alex (Ryan Simpkins), is accepted into fictional Buckley University, but thanks to a one-two punch of no savings and no financial aid, Scott and Kate have to contend with an outstanding balance of $50,819.87. Reluctant to tell Alex they can't afford to send her to her dream college, the couple in... |
"The math seems to check out," says Ferrell in the movie's trailer. |
"Do this math," Poehler responds. "You're 40 years old, and you're in jail for 20 years. How old are you when you get out?" |
Obviously, it's better for families to avoid the shock of an unaffordable school by looking for one that's a good financial fit and creating a four-year plan to figure out how you'll cover those costs. But financial advisors say real-life families who find themselves with an unexpected gap ahead of that fall tuition du... |
Three in 10 undergraduate students don't file the Free Application for Federal Student Aid, according to a 2016 brief from the National Center for Education Statistics based on 2011-12 data. If you haven't, it's worth doing (the deadline is June 30, 2018 for the 2017-18 academic year), said Matthew Boersen, a certified... |
"A lot of people think that once it gets past January or February, it's not worth filling out anymore," he said. |
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