Author Archives: Paul Ausick

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Bank of America Earnings Hit by New Tax Law, Trading Income Still Declining

Bank of America Corp. (NYSE: BAC) reported fiscal fourth-quarter and full-year 2017 results before markets opened Wednesday. The big bank posted diluted earnings per share (EPS) of $0.20 on revenue ...
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Mortgage Loan Rates Rose Sharply Last Week

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 4.1% in the group's seasonally adjusted composite index for the week ending ...
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Refinancing Student Loans Gets Mixed Report

More than 45 million Americans have borrowed $1.45 trillion in student loans to help pay for their post-secondary educations. Repaying those loans can be tough, especially if the loan amount ...
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Southern Company, Tesaro Plunge into Monday’s 52-Week Low Club

January 12, 2018: Here are four stocks trading with heavy volume among 30 equities making new 52-week lows in Tuesday's session. On the NYSE decliners led advancers by nearly 2 ...
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General Electric, United Technologies Hobble DJIA Monday

January 16, 2018: Markets opened higher Tuesday with the DJIA even leaping above 26,000 for a while. The sell-off was widespread later in the day with materials and energy dropping ...
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Holiday Online Sales Up 18% to Record $108 Billion

The 2017 holiday shopping season saw online sales hit a record $108.2 billion, up 17.7% compared with 2016. Revenue generated by mobile devices rose to $35.9 billion, 33.1% of all ...
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McDonald’s Packaging to Go Completely Green by 2025

Fast-food behemoth McDonald's Corp. (NYSE: MCD) announced Tuesday that by 2025, all the company's guest packaging will be made from renewable, recycled or certified sources. Perhaps more ambitiously, the company ...
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Older Workers Driving US Job Growth

Since 2000, the number of U.S. jobs has grown by 17 million. All that growth has been among workers aged 55 and older, and some economists think that the aging ...
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Upbeat GM Forecast Based on High-Margin Pickups, Not More Sales

In an announcement Tuesday morning, General Motors Co. (NYSE: GM) forecast that full-year 2017 earnings per share (EPS) would reach the high end of the company's previously stated range of ...
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2017 Global Clean Energy Investment Tops $333 Billion

Led by new investment in solar energy projects totaling nearly $161 billion, global investment in clean energy technology rose to $333.5 billion in 2017, the second-highest total on record and ...
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GE Shares Plummet on $6.2 Billion Charge

Just when investors were looking at General Electric Co. (NYSE: GE) stock as a good value, the stock got hammered Tuesday morning following the company's statement that it will take ...
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How the New Tax Law Boosted UnitedHealth Earnings and Forecast

UnitedHealth Group Inc. (NYSE: UNH) reported fourth-quarter and full-year 2017 results before markets opened Tuesday. The health insurance and benefits management firm posted adjusted diluted quarterly earnings per share (EPS) ...
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Lesotho Mine Gives Up Giant Diamond

Lesotho's Letšeng mine recently delivered a 910-carat diamond to its owner, London's Gem Diamonds Ltd. The stone is believed to be the fifth-largest gem-quality diamond ever recovered. According to the ...
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Will OPEC Stick With Its Production Cuts If Oil Prices Keep Rising?

The production cuts initiated last January by Organization of the Petroleum Exporting Countries (OPEC) and its allies — particularly Russia — had drawn down oil supplies in the world's developed ...
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US Gasoline Price Popped Higher Last Week

While last week's news on retail gasoline prices was mixed, this week's is solidly negative. A gallon of regular gasoline cost $2.53 Monday morning, up four cents for the week, ...
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