The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 2 million barrels last week, bringing the total U.S. commercial crude inventory to 359.1…
Sales at privately held U.S. companies are growing faster than the overall growth in the U.S. economy, but the pace of growth has slowed according to the latest data from financial information company Sageworks.…
Now that the German Constitutional Court has approved Germany’s participation in the European Central Bank’s bond-buying program, we can turn our attention to the really big news for today — the expected introduction of…
courtesy Chesapeake Energy Corp.Continuing the process of dumping properties in order to raise cash to pay down debt it incurred to purchase the properties in the first place, Chesapeake Energy Corp. (NYSE: CHK) said…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 1.1% in the group’s composite index compared with last week’s total. Applications for refinancing rose 12%…
In its monthly Oil Market Report released this morning, the International Energy Agency (IEA) raised its global demand projections for 2012 and 2013 by 100,000 barrels a day to 89.8 million barrels a day…
The three major U.S. stock indexes opened higher this morning and have remained higher by a modest amount all day. Overseas markets were mixed, with Asian markets down in advance of tomorrow’s ruling from…
The U.S. Energy Information Administration (EIA) today released its latest update to the agency’s Short-Term Energy Outlook. The update includes a number of changes: Crude oil prices are forecast to decline in the last…
Energy stocks were generally higher yesterday as shares reacted positively to China’s latest stimulus package and the expectations for more. Coal stocks did particularly well, but solar stocks also moved a little higher. The…
Former UBS AG (NYSE: UBS) banker Bradley Birkenfeld has been granted a whistleblower award of $104 million for supplying the U.S. Internal Revenue Service with information on more than 4,000 secret accounts that UBS…
Global shipments of TV sets has fallen for the third consecutive quarter according to the latest research from the NPD Group. The decline, which has picked up steam since beginning in the last quarter…
The latest reading from Gallup’s August U.S. Economic Confidence Index is -18, a sharp rise from the -29 reading from the week before. The index’s best reading for 2012 of -16 came in May.…
Morgan Stanley (NYSE: MS) has agreed to buy an additional 14% stake in Morgan Stanley Smith Barney (MSSB) from Citigroup Inc. (NYSE: C) for $1.89 billion. The amount puts the full value of MSSB…
German automaker Daimler plans to sell about half its 15% stake in European Aeronautic Defence & Space Co. (EADS) to German bank KfW Bankengruppen by the end of this year. Daimler controls more than…
At least that is what everyone has been led to believe. Facebook Inc. (NASDAQ: FB) founder and CEO Mark Zuckerberg is scheduled to appear at the TechCrunch Disrupt! conference in San Francisco today, his…
The U.S. Census Bureau and the Bureau of Economic Analysis reported this morning that the U.S. trade deficit for July totaled $42 billion, up from $41.9 billion in June. U.S. exports fell from $185.2…
Polypore International Inc. (NYSE: PPO), which makes specialized membranes for lithium-ion batteries, has lowered its outlook for the second half of 2012. The company cited “results through July and August” as the culprits for…
Fast food giant McDonald’s Corp. (NYSE: MCD) today reported same-store sales in August rose 3.7% year-over-year, but total sales rose just 1.2% (6.2% in constant currency) in the month. U.S. same-store sales rose 3%,…
The National Federation of Independent Business (NFIB) reported that its small business optimism index rose 1.7 points in August to 92.9. The most frequently cited issues for small business owners again in August were…
The Organization of Petroleum Exporting Countries (OPEC) today released its monthly report for September. For the month of August, the demand growth forecast for crude oil remained at 900,000 barrels per day, unchanged from…