Jon OggThe US dollar continues to flex its muscles today, following the release yesterday of the minutes of the FOMC’s June meeting. The minutes revealed little enthusiasm for another round of quantitative easing, and…
The Farnborough Air Show near London ends today, and both Boeing Co. (NYSE: BA) and European Aeronautic Defense and Space Co. (OTC: EADSY), makers of the Airbus family of planes, will tout the number…
courtesy International Energy AgencyThe International Energy Agency (IEA) today released its monthly report for July. Yesterday we got OPEC’s take on the state of the oil market, and the day before that we got…
nationsonline.orgThe European Union’s statistics office, Eurostat, reported this morning that industrial production among the 17 members of the Eurozone rose 0.6% month-over-month in May. Compared with May 2011, industrial production fell by -2.8%. Among…
The three major US stock indexes opened slightly lower this morning ahead of the release later today of the minutes of the last FOMC meeting. Asian markets were mixed overnight and markets in Europe…
Home electronics giant Best Buy Co. Inc. (NYSE: BBY) has seen its shares plunge today following an earnings warning from much smaller rival hhgregg, Inc. (NYSE: HGG). The Indianapolis-based retailer, which operates 210 stores…
Homebuilder Beazer Homes USA Inc. (NYSE: BZH) today priced a secondary offering of 22 million shares of common stock at $2.90/share, a discount of about 2.7% from last night’s closing price of $2.98/share. The…
Higher demand from growing East Coast markets coupled with favorable economics even at currently low prices point to a continued boom in natural gas production from the Marcellus shale play according to a new…
The US Department of Agriculture today lowered its estimate of the US corn crop by 20 bushels/acre, from 166 to 146. The cut comes as hot, dry weather continues to plague the nation’s corn-growing…
The current slump in prices for rare earth minerals despite a Chinese curb on exports could turn around in a couple of years if the Chinese succeed in developing their own downstream industries that…
Natural gas producers Chesapeake Energy Corp. (NYSE: CHK) and Encana Corp. (NYSE: ECA) are currently being investigated by the US Justice Department as a result of a report last month from Reuters that the…
Applications for new mortgages fell last week by a seasonally adjusted -2.1% from the previous week, including an adjustment for the Fourth of July holiday. Unadjusted, the total fell by -22%. A drop of…
In its monthly Oil Market Report released today, OPEC projects that demand for crude would rise by an average of 900,000 barrels/day in 2012 and that growth would decline to 800,000 barrels/day in 2013.…
As part of its annual survey of confidence in US institutions, Gallup reports the Americans’ confidence in TV news hit a new low this year. Just 21% of Americans say they have a great…
The three major US stock indexes opened higher this morning on reports of a new bailout for Spanish banks and a 24-basis point drop on 10-year Spanish bond yields (our coverage here). The dollar…
The US Energy Information Administration (EIA) today released the latest update to its Short-Term Energy Outlook for 2012. The agency has lowered its estimated second half of 2012 average price for a barrel of…
The lower house of Russia’s parliament has approved the country’s entry into the World Trade Organization (WTO) in a process that began nearly 20 years ago. The bill still requires the approval of the…
Boeing Co. (NYSE: BA) announced another big order for its 737 MAX aircraft. The airplane leasing division of General Electric Co. (NYSE: GE) has ordered 75 of the 737 MAX 8 aircraft and 25…
The National Federation of Independent Business (NFIB) reported that its small business optimism index fell 3 points in June to 91.4, the lowest level since October of last year. The most frequently cited (23%)…
Rare earths miner Avalon Rare Metals Inc. (NYSEMKT: AVL) today reported the results of a resource estimate for its Nechalacho Deposit in Canada’s Northwest Territories. The report shows a Measured Mineral Resource of 8.9…