Consumers cringed in fear today as oil prices skyrocketed almost two dollars today. After hitting the $58.60 mark, it settled down to $58.47 for the contract set for July delivery. The previous record was set back in April at $58.28. It won’t stop there.
Oil Prices Head For New Record: Climbing Beyond $58
Light sweet crude continues to climb on the New York Exchange, hitting $58.15 during midday trading. Breaking the record $58.28 set back in early April seems inevitable at this point as prices continue to climb with no end in sight. Gas prices are no better today. Gas opened at $1.62 today and up to $1.65 on the midday.
Computer Chip Sales Expected To Reach New Record in 2005
The Semiconductor Industry Association has revised its outlook and is expecting computer chip sales to increase by 6% reaching a record $226 billion this year.
Mobile Phone Sales Hit New Record
Mobile phone sales have increased by 17% over the past year according to Gartner, Inc. In the first quarter of last year, 153.7 million units were sold. That was the record high for mobile phone sales.
Existing Home Sales Hit Record High Last Month
The National Association of Realtors (NAR) has reported that sales of existing homes hit a record high last month, even though they were expected to decline.
American Express Breaks Income Record
First quarter net income for American Express rose 19% from that of last year to a record $946 million.
Googles Record Earnings and the Blogger
With the recent reports of Google’s massive surge in profits ($369million) for the first quarter of 2005 I can’t help but wonder how much of it is due to bloggers like us.
Harley-Davidson Reports Record Revenue
Harley-Davidson announced record revenue and earnings for its first quarter ended March 27, 2005.
Travelzoo Reports Record Revenues
Travelzoo today reported record revenues for the first quarter ended March 31, 2005.
Gannett Has Record First Quarter
Gannett reported today that 2005 first quarter earnings per diluted share, on a GAAP (generally accepted accounting principles) basis increased 5.0 percent to $1.05, a new record.