Author Archives: Paul Ausick

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New Home Sales Make Massive February Move

After Wednesday's disappointing report from the National Association of Realtors (NAR) on February sales of existing homes, Thursday's report on new home sales should bring some joy back to Mudville. ...
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Analyst Sees Little Impact as Google Advertisers Suspend YouTube Ads

Alphabet Inc. (NASDAQ: GOOGL) is caught in a bind between some major advertisers and some of the content creators it depends on to attract a younger audience. Telecom giants AT&T ...
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Apple Acquires Workflow Automation Tool for iPad, iPhone

Late Wednesday, Apple Inc. (NASDAQ: AAPL) closed a deal to acquire automation app Workflow for an unspecified sum. The iPad and iPhone app let users create macro commands using functions built-in ...
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2017 Data Breaches Soar Above 350

The latest count from the Identity Theft Resource Center (ITRC) reports that there have been 353 data breaches recorded this year through March 21, 2017, and that over 1.3 million ...
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Rite Aid, Frontier Communications Dive into Wednesday’s 52-Week Low Club

March 22, 2017: Here are four stocks trading with relatively heavy volume among 161 equities making new 52-week lows in Wednesday's session. On the NYSE, advancers led decliners by about ...
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Tech Stocks Prop Up DJIA Wednesday

March 22, 2017: Markets opened mixed Wednesday and headed lower on worries that President Trump's promised tax reforms are going to get hung up in a long battle over the Republican ...
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How Much Would You Pay to Stream a New, First-Run Movie?

Movie studios and theater owners are talking about shortening the between a movie's first theatrical release and the first day the movie may be streamed. The gap between the so-called ...
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New York Data Breaches Exposed 1.6 Million Records Last Year

New York Attorney General Eric Schneiderman on Wednesday said nearly 1,300 data breaches occurred in the state last year and that those incidents exposed personal records of some 1.6 million ...
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December Cash Home Sales Highest in New York, New Jersey, Alabama

In December of 2016, cash sales comprised 33.1% of all home sales, down from 34.4% in December of 2015, marking the 47th consecutive year-over-year monthly decline. Cash sales rose by ...
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Crude Oil Prices Tumble on Another Big Inventory Addition

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5 million barrels last week, maintaining a total U.S. commercial ...
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A Listing by State of 1,430 Sears and Kmart Stores

In its annual report filed with the U.S. Securities and Exchange Commission on Tuesday, Sears Holdings Corp. (NASDAQ: SHLD) included cautionary language about whether the company would be able to ...
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20% of Digital Ad Dollars Were Wasted in 2016

Of an estimated ad spend totaling $66 billion last year, some $12.5 billion (20%) was wasted as a result of fraud or invalid traffic. The total lost to fraud was ...
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Petrobras Posts Profit, Cuts Debt in 2016

Petróleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, reported fiscal year 2016 earnings after markets closed on Tuesday afternoon. The Brazilian oil major posted a net profit of 2.5 ...
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Mortgage Loan Rates Mixed Last Week, Applications Falter

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2.7% in the group's seasonally adjusted composite index for the week ending ...
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Why FedEx Earnings Were Less than Investors Hoped For

FedEx Corp. (NYSE: FDX) reported fiscal third quarter 2017 results after markets closed Tuesday afternoon. The package delivery service reported adjusted diluted earnings per share (EPS) of $2.07 on revenues ...
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