2020 Riots On Track to Be Most Expensive Ever
The riots in dozens of U.S. cities so far this year are the most expensive on record.
All Work
Paul Ausick
US Poverty Rate Drops to 10.5% in 2019
The Census Bureau recently published its latest report on income and poverty in the United States. The U.S. poverty rate declined year over year in 2019, and most groups benefited. But inequality continues to…
US Retail Sales Gains Still Slowing, Even Among E-Commerce Stores
The Census Bureau's advance report on August retail sales indicates the U.S. economy is going through a slow-motion recovery.
Is Global Economy Really Better Than It Once Seemed?
The global economy has been recovering more quickly than expected according to the latest economic outlook from the OECD. However, the recovery is tenuous and its sustainability relies on confidence that the pandemic is…
COVID-19 Pandemic Muddies Seasonal Hiring Plans at US Firms
The COVID-19 pandemic has lifted uncertainty among many retailers and other firms related to how many seasonal employees they'll be hiring. A repeat of last year's strong hiring is unlikely.
Amazon Tries Again to Lure Shoppers With Rollout of Luxury Stores
Amazon has launched a Luxury Stores section with iconic American fashion house Oscar de la Renta as its first store. Got to give the e-commerce behemoth credit for never giving up on selling luxury…
Digital Real Estate Firm Opendoor Announces Reverse Merger IPO
Digital real estate firm Opendoor announced Tuesday that it will become a publicly traded company through a reverse merger with a blank-check company.
As Stores Reopen, Are Customers Turning Away From Online Shopping?
As U.S. retail stores re-open, consumer demand for online goods is trending down according to the latest data from Adobe Analytics.
IEA Again Cuts 2020 Crude Oil Demand Estimate
The International Energy Agency on Tuesday issued its oil market report for September. The short version is that demand is expected to decline further and so are crude prices.
How Solid Is Nikola’s Response to Short Seller Attack?
Electric truck maker Nikola has released a more detailed response to last week's short seller attack on the company. Is it strong enough?
Amazon Air Is Growing Fast During the Pandemic
According to a new research report, Amazon Air will end the year with 58 planes in its fleet, an increase of 38% since the beginning of 2020.
Why Nvidia’s Deal for Arm May Have Been a Steal at $40 Billion
Chipmaker Nvidia has reached an agreement with SoftBank to acquire chip designer Arm from the Japanese firm in a deal valued at $40 billion. Now comes the hard part.
JPMorgan to Begin Trading Pre-IPO Stocks
JPMorgan is about to offer its trading clients a new service that matches buyers and sellers in the booming market for privately traded equities. Is this a new frontier or a return to the…
How Nikola’s Response to Short Seller Report Falls Short
Truck maker Nikola has denied charges leveled against the company and its CEO on Thursday in a short seller's report that the company's CEO lied on a number of issues.
Short Interest Soars on 2 Electric Vehicle Makers
Short sellers loaded up on shares of a China-based electric vehicle maker, and a stock split lifted short interest in the world's top maker of EVs.
How Pandemic, New Buybacks Affect Kroger Stock Price
Kroger reported second-quarter 2020 results that beat both top- and bottom-line estimates. Same-store sales rose by nearly 15% and digital sales more than doubled.
Oil and Gas Short Sellers May Be Taking Profits
Short sellers mostly shaved their positions in oil and gas stocks in the two-week reporting period that ended August 31. Falling crude prices may change their minds again, though.
Gold-Mining Stocks Have Short Sellers Mostly Cautious
Short interest in gold mining stocks and gold ETFs was mixed in the reporting period that ended August 31. Short sellers generally reduced their positions in the miners and raised their positions in the…
Short Sellers Jump on 2 Solar Stocks, Mostly Bypass Alt Energy
In the two-week reporting period that ended August 31, short sellers piled into two solar stocks while mostly ignoring alt energy.
Short Seller Slams Electric Truck Maker Nikola
Short seller Hindenburg Research has published a scathing report on electric truck maker Nikola. The stock traded down more than 12% early Thursday.