Another Bailout Coming for Fannie and Freddie?
Fannie Mae and Freddie Mac may require another bailout if the U.S. economy remains essentially locked down and Americans take advantage of the mortgage holiday.
All Work
Paul Ausick
Raytheon, United Technologies Merger Done, Trading Begins in RTX
The Raytheon-United Technologies merger was officially completed Thursday and the Raytheon Technologies began trading Friday morning on the NYSE under the ticker symbol RTX.
Will the US Join Saudi Arabia, Russia to Cut Crude Oil Production?
The members of OPEC along with Russia and others are expected to meet Monday to discuss reducing crude production by up to 10 million barrels a day. The United States may not be present…
Major Credit Agency Forecasts ‘Deep Global Recession’
Credit rating agency Fitch Ratings has updated its global economic forecast and now expects the coronavirus pandemic to cause a global recession this year as economic activity tumbles by nearly 2%.
Federal Trade Commission Upends Altria’s $12.8 Billion Juul Investment
The U.S. Federal Trade Commission has filed a lawsuit alleging that Altria Group's $12.8 billion investment in e-cigarette maker Juul violated various U.S. antitrust laws.
Boeing Makes an Offer Employees Might Not Want to Refuse
Boeing has announced a voluntary layoff for eligible employees but the company did not provide specific details which it said would be coming in three to four weeks.
US Employers Slashed 222,000 Jobs in March
U.S. companies announced more than 222,000 job cuts in March, a year-over-year increase of nearly 300%. The vast majority of the job losses were attributed to the outbreak of COVID-19.
Americans Worried About COVID-19 Are Battering Lyft Stock
Lyft shares jumped after the company said it would expand its offerings to include a range of services to help meet the needs of its customers as the coronavirus crisis forces more cities to…
Small Investors Getting Whacked in Whiting Petroleum Bankruptcy
Oil and gas producer Whiting Petroleum has filed for bankruptcy reorganization in which the company is essentially exchanging debt for new stock and new owners.
Customers Who Flocked to Big-Box Stores Now Staying Away: Will They Return?
Traffic to big-box stores like Walmart, Costco and Target jumped in the first part of March but declined as stay-at-home orders were widely implemented. Will the traffic return or are consumers going to continue…
Court Rejects Patent Protection, Crushing Amarin Stock
Until late Monday, Amarin continued to get good news relevant to Vascepa, its treatment for cardiovascular disease. The big news, though, was lurking in Nevada federal district court.
Storage Crunch, Revved Up Saudi Production Promise More Pain for US Crude
Crude oil storage tanks around the world are filling up and rising production combined with lower pricing from Saudi Arabia is on track to oust the U.S. as the world's top crude producer.
January’s Home Price Increase May Be the Last for a While
Home prices rose by 3.9% year over year in January. The onset of COVID-19 will begin to be felt in home prices in February according to S&P CoreLogic, which compiles the Case-Shiller home price…
Tilray Stock Dives as Shares Released From Lockup Period
Canadian pot grower Tilray has released 11 million shares of common stock that had been subject to a lockup period following the company's merger with its largest holder last September.
Will Increased COVID-19 Competition Hurt Aytu Biosciences Stock?
There is plenty of competition among companies wanting to sell coronavirus test kits. Aytu Biosciences has placed a bet on its ability to help beat the coronavirus outbreak.
US Average Gas Price Dips to $1.97 a Gallon
U.S. retail gasoline prices have begun the week at an average per gallon of $1.97, the lowest average in four years, according to analysts at GasBuddy.
Dash for Cash Poses Threat to Mortgage Banking
Mortgage lenders are facing a drain on cash from margin calls on mortgage-backed securities that have been hedged against loss before the securities begin trading.
Consumer Confidence Declines Taper Off as FDA OKs Emergency Drugs
U.S. consumer confidence continues to decline, but the slide has slowed. On Sunday, the FDA and the Department of Health and Human Services okayed two drugs for use in the fight against COVID-19.
National Average Gas Price Under $2, Keeps Falling
After falling below $2 a gallon last Friday, the national average gas price has continued to slide as crude oil prices plummet.
98% of Companies Institute Work From Home
A recent survey by Challenger, Gray & Christmas indicates that nearly all U.S. companies have either already instituted or are considering instituting work-from-home policies during the coronavirus outbreak.