SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about jobless claims, Tesla, and Puppymonkeybaby.
Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting stocks and commodities. U.S. employers still appear to be expecting the economy to grow – and a need for more workers. Applications are a proxy for layoffs. The relatively low number suggests that companies are holding onto workers and possibly looking to hire more.
Tesla Motors will begin accepting reservations on its mass-market electric vehicle in March, even though analysts say anyone who pre-orders the vehicle will have to wait at least two years to get it.
PepsiCo, who released the Puppymonkeybaby commercial, saw its profit increase 31% in the fourth quarter as the company benefited from increased productivity across its brands.