Crude Oil Price Dips Slightly on Lower Inventory, but Higher Exports
The U.S. crude oil inventory fell by 1.9 million barrels last week, but crude oil exports averaged an increase of more than 460,000 barrels a day.
Archive
Year: 2017
All Year: 2017 Articles
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Consumer Sentiment Dips, Still Beats Estimate
The University of Michigan consumer sentiment survey dropped more than 2% in November primarily on consumers' concerns over their current economic conditions.
J. Crew Announces More Store Closures
J. Crew announced plans to shut down 39 stores by the end of January as the retailer transforms itself into a 'digital-first' business.
Durable Goods Orders Tumbled in October
Durable goods orders fell 1.2% month over month in October, well below the consensus estimate for a gain of 0.4%.
HPE Earnings Not Enough to Offset CEO Shuffle
Hewlett Packard Enterprise Co. (NYSE: HPE) reported its fiscal fourth-quarter financial results after the markets closed on Tuesday. The company said that it had $0.29 in earnings per share (EPS) and $7.8 billion in…
The Season to Be Jolly? Maybe Not for Sears, J. Crew, Penney’s
Several struggling retailers face a make-or-break holiday season. Sales have been lagging, cash flows have been drying up, and borrowing is getting more expensive.
Vine Resources Gears Up for IPO
Vine Resources filed an amended S-1 form with the SEC in regards to its IPO. The company intends to list its shares on the NYSE under the symbol VRI.
Mortgage Loan Rates Tick Higher, Applications Flat
Mortgage loan rates mostly ticked higher last week according to the weekly report from the Mortgage Bankers Association. Applications were essentially flat with the prior week's total as refinancings dropped.
How Deere Beat Estimates and Why It Expects to Keep Rolling
Deere & Co. beat analysts expectations on quarterly and yearly sales and earnings. Guidance for 2018 is also strong and the shares are rising above a new 52-week high posted yesterday.
Oilfield Services Spending Poised to Jump: 3 Top Stocks for 2018
3 top oilfield services companies to buy that offer investors outstanding upside potential to Merrill Lynch price targets: HAL, NBR, PTEN.
‘CBS This Morning,’ Dead Last in Ratings, Faces More Problems as Rose Departs
Charlie Rose's firing from 'CBS This Morning' leaves the the network's already troubled morning show with more problems.
6 Most Important Things in Business Today
In business November 22: Meg Whitman will retire from Hewlett Packard; Uber pays off hacker; FCC plans to scrap net neutrality rules; Foxconn may have used illegal student labor to assemble Apple's iPhone X;…
Best and Worst Economies in the World
United States gross domestic product topped $18.5 trillion in 2016, about $7.4 trillion more than that of China, the world’s second largest economy. GDP does not provide a complete picture of a country’s economy,…
Is GameStop Back After Strong Q3?
GameStop Corp. (NYSE: GME) reported its fiscal third-quarter financial results after the markets closed on Tuesday. The company posted $0.54 in earnings per share (EPS) and $1.99 billion in revenue, compared with consensus estimates…
Tuesday’s Biggest Winners and Losers in the S&P 500
Tuesday was a very strong day for the major U.S. exchanges, with each major index hitting a new all-time high in the session. Crude oil was positive on the day. The S&P 500 sectors…