JC Penney, General Electric Tumble Into Friday’s 52-Week Low Club
J.C. Penney, Chesapeake Energy, Teva Pharmaceuticals, and General Electric all posted new 52-week lows Friday.
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Year: 2017
All Year: 2017 Articles
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Microsoft, Cisco Systems Buoy DJIA on Friday
Microsoft, Cisco Systems, Apple, and Boeing posted large enough gains Friday to push the DJIA to an overall gain as well.
Alcoholism Rises in US; Study Says 1 in 8 Adults Considered to Be an Alcoholic
The rate alcohol use disorder, also known as alcoholism, rose by 49% in the first decade of the 2000s, according to a new study published in JAMA Psychiatry this month. One in eight American…
Oil Rig Count Up by 3, Total Now Up 468 Year Over Year
The number of onshore U.S. rigs drilling for oil increased by three this week while natural gas drillers shut down eight rigs.
2017 Data Breaches Total Hits 900, Up 26% Year Over Year
The total number of data breaches to date in 2017 reached 900 this week, easily on track to set a new annual record. More than 17 million records have been exposed as a result…
NOAA Raises Tropical Storm, Hurricane Forecast for 2017; Would Be Most Storm Activity in 7 Years
NOAA said there is a 60% chance of an above-normal hurricane and tropical storm season, up from its prediction in May of 45%.
Coal Miner Contura Withdraws IPO; Ranger Energy Prices Low
Coal mining firm Contura Energy withdrew its planned Thursday IPO and oilfield services company Ranger Services went out Friday morning at nearly 15% below the midpoint of its expected range.
Crude Oil Production Soared Again in July: IEA
The International Energy Agency reported that global stockpiles of crude oil fell by nearly 20 million barrels but remain 219 million barrels above the five-year average.
JC Penney Market Cap Now Less Than 10% of Revenue
As many familiar with J.C. Penney know, it has been on the rocks for quite some time, but its most recent earnings report seems to have pushed shares over the ledge.
T-Mobile Beats Verizon in Mobile Network Rankings, Takes First Place
T-Mobile replaced Verizon as the best wireless network on a six metrics tracked by research firm OpenSignal. The two carriers remain locked in a battle for dominance in US cities.
Yogaworks Cuts IPO Valuation by Nearly a Third
Yogaworks dropped the valuation for its IPO by nearly one-third. After seeing how a few other IPOs have fared this summer, taking a step back in valuation might not be that bad of an…
Preferred Sands Files for IPO
Sand-based proppant provider Preferred Sands has amended its filing with the SEC regarding its initial public offering.
US Corporations Pay Taxes Far Below Statutory Rate
While the federal tax rate on U.S. corporations has been set at 35% of profits since 1995, the actual tax rates paid by those corporations are far lower.
JC Penney Crashes to Multidecade Lows After Earnings
When J.C. Penney shared its fiscal second-quarter financial results before the markets opened on Friday, the report was absolutely catastrophic.
Applebee’s and IHOP Closures Indicate Pressure on Casual-Dining Sector
The announcement Thursday that the parent company of Applebee’s and IHOP plans to close as many as 160 restaurants underscores the financial pressure many casual restaurant chains are under.