Goldman Sachs Slashes Ratings on EV Makers Fisker, Lordstown
Goldman Sachs on Wednesday downgraded its ratings on two EV makers, citing concerns about time to market, among other worries.
Paul Ausick
17 days ago

S&P Global, IHS Markit Merge to Form Data Analytics Powerhouse
Two leading suppliers of data and information announced a merger valued at $44 billion Monday morning. S&P Global will acquire IHS Markit in an all-stock deal that is expected to be completed in the...
Paul Ausick
5 months ago

AAA Sees Thanksgiving Travel Down 10% This Year
AAA estimates that about 50.5 million Americans will be traveling for the Thanksgiving holiday this year, a decline of about 10% year over year.
Paul Ausick
5 months ago

Small Business Hiring Tempers as COVID-19 Cases Surge
There may not yet be a hiring recession happening again, but small businesses are tempering some of their hiring and rehiring as the new wave of COVID-19 cases increases the odds of another shutdown.
Jon C. Ogg
6 months ago

Business Activity Ticks Up in October, Even Without New Stimulus
Millions of people are running short on cash while very few job options are open, yet the general state of businesses looks rather healthy.
Jon C. Ogg
6 months ago

Small Business Hiring and Wages Look Mixed in September
Small businesses are often collectively referred to as the backbone of the U.S. economy. While the stock market managed to recapture all of the losses from February and March and hit new all-time...
Jon C. Ogg
7 months ago

Business Activity Rises for the First Time Since February
Overall business activity from services and manufacturing operations in the United States is showing some pre-coronavirus strength, according to IHS Markit.
Jon C. Ogg
8 months ago
Last Updated: 8 months ago

Small Business Hiring in July Puts Cloud Over Unemployment Data
Economists look closely ahead of each monthly unemployment and payrolls report at hiring trends in the private sector and in small businesses.
Jon C. Ogg
9 months ago

Will Pandemic Cause People to Keep Their Cars for 15 Years?
The length of time Americans keep their cars certainly will rise this year, as a multiyear trend meets the pandemic.
Douglas A. McIntyre
9 months ago

Why Tesla Should Worry about Nikola, Workhorse, Nio and Hyliion
Competition for Tesla is heating up and the electric vehicle sector is on fire. Should Tesla be worried about competition or its own ability to execute?
Paul Ausick
9 months ago

US Gasoline Demand Rising; Crude Production, Inventories Follow 
U.S. crude oil production and crude oil inventories both rose last week. Gasoline inventories are falling, however, and pump prices continue rising.
Paul Ausick
10 months ago

Large Cuts to US Crude Oil Production Are Coming
U.S. crude oil production is expected to decline by 1.75 million barrels by next month, according to IHS Markit. Some production may resume, however, if prices remain above $30 a barrel, and more...
Paul Ausick
11 months ago

For Oil Producers, There's 'Nowhere to Hide' From Glut
Oil industry analysts at IHS Markit forecast the global over-production of crude will amount to 14 million barrels a day in the second quarter. About that much again is expected to go into storage.
Paul Ausick
1 year ago

What Americans Will Do With Their 11-Year-Old Cars
The average age of a car on the road in America is over 11 years. This poses a nearly impossible dilemma for manufacturers as they try to get sales back to former levels.
Douglas A. McIntyre
1 year ago

April PMI Falls In Every Nation But China
Global Manufacturing PMI as reported by IHS Markit, dropped to an 11 year low as all nations but China suffered sharp drops in factory activity. China’s improvement was negligible. According to...
Douglas A. McIntyre
1 year ago