June Housing Starts Shoot Higher as Demand Remains Strong
US housing starts rose more than 8% on a seasonally adjusted basis in June compared with May totals. Single-family starts rose more than 6% month over month.
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Year: 2017
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Top Analyst Upgrades & Downgrades: Boeing, Chipotle, First Solar, Goldman Sachs, IBM, Lockheed Martin, Lululemon, Vertex and Many More
Stocks were indicated to open only slightly higher on Wednesday after a mixed bag of corporate earnings. What investors need to understand is that the major equity indexes remain just under all-time highs, and…
Milestone: 10% of Global Retail Sales to Come From E-commerce This Year
Research firm eMarketer projects global e-commerce sales will reach 10% of total 2017 retail sales. This would be a first for online sales.
Deutsche Bank Has 5 Semiconductor Stocks to Buy for Rest of 2017
While a new report from Deutsche Bank is cautious on semiconductors, the bank still stands by Broadcom, Intel, Microsemi, Maxim Integrated, and MaxLinear.
BP Pipeline Spin-off Aimed at Increased Cash Flow
British oil giant BP is considering a plan to hive off its US pipelines in a master limited partnership (MLP). The company said it would make a decision by the end of the year.
Mortgage Loan Rates Mostly Flat, New Applications Up 6%
Mortgage loan rates were mostly unchanged last week, remaining at around 4.125% for a 30-year fixed-rate conventional loan. Applications for new loans were up, with refinancing applications up more than 2.5 percentage points.
Google to Relaunch Glass, One of Tech’s Greatest Product Failures
Google's relaunch of Google Glass will focus this time on the corporate market rather than consumers.
IBM Earnings: Another Reason to Fire CEO Ginni Rometty and Blame the Board
IBM (NYSE: IBM) posted its 21st consecutive quarter of falling revenue, a breathtakingly poor performance. IBM’s board should do now what it should have done long ago: replace CEO Ginni Rometty. Her turnaround promises proved…
States With the Most and Least Cat Owners
When it comes to cats, it won’t take you nine lifetimes to see how popular they are in the United States. These typically furry and cuddly animals were considered sacred in ancient Egypt. Today,…
100 Top Grossing Movies of All Time
Two films released in 2015 broke the record for largest box office weekend of all time. Thanks to their strong openings, the two films — “Jurassic World” followed by “Star Wars: The Force Awakens”…
Biggest Layoffs of the 21st Century
As the U.S. economic expansion heads into its ninth year, the worst recession since the Great Depression is receding into memory. The layoffs that whipsawed the economy during the downturn and idled 8.8 million…
6 Most Important Things in Business
IBM misses revenue estimates; Google plans to relaunch Google Glass; Chipotle faces another food-poisoning outbreak.
United Airlines Earnings Don’t Impress Investors
United Airlines reported Q2 earnings and revenues above analysts' expectations. Shareholders were wary, however, taking the shares down in Tuesday's after-hours trading session.
IBM Slips on Mixed Earnings
International Business Machines Corp. (NYSE: IBM) reported its most recent quarterly results after the markets closed on Tuesday. Big Blue said that it had $2.97 in earnings per share (EPS) and $19.3 billion in…
Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday was a relatively mixed day for the U.S. broad markets, each index couldn’t really make up its mind and it seems that none of them were on the same page. As for the…