What’s Going on in Finance Today
The Federal Reserve may not be raising interest rates next month due to U.S. producer prices falling. September’s producer-price index drop of 0.5% followed by the 0.4% drop in October shows a “strong dollar and weak demand abroad,” according to a Wall Street Journal report. Does this report mean a weak start to the Q3? Find out here or in the link below.
U.S. Postal Service had a good year with a net loss decline of 7% and revenue growth by 1.6% in 2015. This comes as no surprise, the package-delivery industry has grown by half in the last five years. Although it has not been easy for many reasons, says Postal Service CFO Joseph Corbett. Find out here or scroll down to the link.
CFO.com has the information and resources finance professionals can use, get started with the CFO roundup…
But First, the Finance Win and Fail of the Day
Apple will be the first company in Singapore that runs entirely on renewable energy. With the help of Sunseap Group, a solar energy provider, Apple will open a retail store in Singapore after “long-term contract,” beginning in 2016. They are not stopping there, Apple’s goal is to one day power all operations with renewable energy. Get the whole story of today’s finance win courtesy of Eileen Yu of zdnet.com.
Don’t take your children to this New Jersey mall if you want them to meet Santa, unless you’re willing to pay. Prices marked down to $35 from $75 sounds ridiculous for what used to be free. Get the details of today’s fail brought to you by Jason Laughlin, staff writer at Inquirer.
A short list of the ‘go-to’ metrics every CFO of a recurring revenue business should track.
‘It’s just a traffic thing,’ said one of the retailer’s executives.
WEX, PG&E, Monster, JM Family Enterprises, Analogic, Brookdale Senior Living, PowerSecure, Sterling Construction, A-Mark Precious Metals, Dana Holding
October showed a 0.4% decline in the producer price index, possibly complicating the Federal Reserve’s decision to raise interest rates.
USPS’ package-delivery business fuels revenue growth but its CFO predicts a “difficult” road ahead, citing escalating costs.
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