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Paul Ausick

Gas Prices Tumble for Fourth Straight Week

Gasoline prices continue dropping all across the United States. A gallon of regular gas has hit an average price not seen since the end of February 2019.

Paul Ausick · 7 years ago

Why Russia Dithers Over Deeper Crude Production Cuts

Russia continues to resist moving up a March meeting of OPEC+ oil ministers to deal with the falling demand for crude caused by the coronavirus outbreak. There are several reasons for that.

Paul Ausick · 7 years ago

Aurora Cannabis Stock Tumbles on Chief Executive’s Exit

The cannabis industry got another shock when Aurora Cannabis announced that its founder and chief executive, Terry Booth, would retire. He is the third high-profile CEO of a cannabis company to lose the job…

Paul Ausick · 7 years ago

Prospects for Aurora Cannabis Stock Look Grim

Investors of Aurora Cannabis, like investors everywhere, are an impatient lot. Wall Street expects profits, and none of these marijuana companies is anywhere near profitability.

Paul Ausick · 7 years ago

Life Is Good, Say 90% of Americans

Nine in 10 Americans reports being satisfied with their personal lives, a 40-year record high according to Gallup. But satisfaction is not spread evenly throughout different groups.

Paul Ausick · 7 years ago

Oil Major Equinor to Slash Carbon Emissions 50% by 2050

Norway's state-controlled oil giant, Equinor, announced Thursday that it plans to cut its carbon intensity by 50% over the next 30 years. Success depends on lowering the company's dependence on oil and natural gas.

Paul Ausick · 7 years ago

Half of Americans Say Disney+ Is the Equal of Netflix

In less than three months, the Disney+ streaming video service has received nearly as many subscribers as it expected in five years. Not only that, the new service is causing Americans to drop subscriptions…

Paul Ausick · 7 years ago

IMF Forecasts Gloom for Persian Gulf Oil States

The International Monetary Fund has a new study on the impact of declining demand for oil on the economies of six Persian Gulf nations. Continuing to depend on revenue from oil sales threatens the…

Paul Ausick · 7 years ago

Tech Sector Job Cuts Soar 2,000% in January

Outplacement firm Challenger, Gray & Christmas announced Thursday that employers announced 67,735 job cuts in January, the highest total in 11 months.

Paul Ausick · 7 years ago

Did Ammo Sales Push Vista Outdoor Stock Higher?

Ammo and outdoor products maker Vista Outdoor reported better than expected profits Thursday morning, but revenues were light. The CEO also said that ammunition sales rose for the first time in 11 quarters.

Paul Ausick · 7 years ago

What Will It Take for Micron Stock Gains to Continue?

Last year was a good one for semiconductor stocks. Demand will continue to be driven by manufacturers focused on putting intelligence into every imaginable device. That requires processing power and memory chips, which is…

Paul Ausick · 7 years ago

Coronavirus Threat Begins to Weigh on Consumer Sentiment

The weekly Morning Consult survey indicates the U.S. consumer sentiment fell slightly in the week ended February 2. Americans are more concerned about the coronavirus outbreak's effect on the global and national economies than…

Paul Ausick · 7 years ago

December Home Price Hikes Top 3% in 6 US Cities

U.S. home prices rose by 4.0% year over year in December, according to the latest data from CoreLogic. Average full-year price appreciation was 3.6%, and prices are forecast to rise by 5.2% in 2020…

Paul Ausick · 7 years ago