JPMorgan Found the Trading Magic Again
JPMorgan posted its highest yearly profit ever in 2019 thanks to soaring growth at its trading desk.
All Work
Paul Ausick
Will JC Penney Stock Pick a Direction This Year?
J.C. Penney stock has been down so much than anything looks like up. The company has years of missteps to correct and not much time left in which to make the required changes.
Aerospace Firms Woodward, Hexcel Merge; Responding to Boeing Troubles?
Aerospace industry firms Woodward and Hexcel are merging to create a company with combined revenues of more than $5 billion to become one of the industry's largest suppliers.
Short Sellers Seek Direction in Solar, Alt Energy Stocks
Short interest in solar and alternative energy stocks was mixed in the last two weeks of December. One stock, however, saw a 20% drop in short interest.
Short Sellers Move Back Into Oil Stocks as Crude Prices Slip
Short interest in oil and gas stocks rose in the final two weeks of December. Since then, crude prices have been volatile due to the confrontation between the United States and Iran, reaching a…
Will Northrop Grumman Stock Be a Top Performer Again in 2020?
Defense stocks had a very good 2019, and military gear makers are expecting 2020 to be another solid year. Heightened tensions in the Middle East aren't hurting either.
Is There Even a Buyer for Grubhub?
Food delivery service Grubhub got a boost Thursday on reports of a sale or merger. The company denied the reports and the share price is tumbling Friday. What does that say about the company?
Has Verizon Just Fired the Shot Heard ‘Round the Pay-TV Industry?
Verizon announced Thursday a new program called Mix & Match on Fios that the company claims will put an end to traditional pay TV bundling. We're skeptical.
$45 Billion in US Weather Losses Is Lowest in 3 Years
The United States suffered from 14 major weather events costing at least $1 billion each in 2019. That's just two fewer than the number of similar events in 2017, but the total dollar damage…
What Kohl’s Didn’t Say Sent Investors Fleeing
Department store retailer Kohl's said Thursday that same-store sales for the 2019 holiday season were down slightly and that full-year earnings would come in at the low-end of guidance. What it didn't say was…
US Greenhouse Gas Emissions Dropped in 2019
Greenhouse gas emissions declined year over year in 2019, due almost entirely to a sharp decline in the use of coal to generate electricity.
Record Number of US CEOs Left Their Jobs in 2019
More CEOs left their jobs in 2019 than in any year since 2002, when outplacement firm Challenger, Gray & Christmas began keeping records.
Consumer Sentiment Remains Strong in First Week of 2020 Despite Middle East Conflicts
The weekly index of consumer sentiment from Morning Consult shows consumers continue to be upbeat.
Boeing 737 Crash in Iran Kills 176
A Ukraine International Airlines 737-800 crashed shortly after takeoff from Tehran Wednesday morning, killing all 176 people aboard. While not a 737 Max jet, the 737-800 has had issues of its own.
The 10 Worst States for Boomers to Live In
As more baby boomers retire from their jobs in the coming years, where they live, or choose to live, can have a major impact on their golden years.
How ETFs That Followed Hedge Fund Strategies Performed in 2019
The S&P 500 index returned 28.9% in 2019, nearly four times the return on a global hedge fund index. Yet some investors can't seem to kick the hedge-fund habit. Go figure.
Occidental to Spin Off Pipeline Business, Pays Some Bills
Occidental Petroleum has agreed to reduce its stake in Western Midstream to less than 50% this year and give up some control of Western's general partner. Oxy also sheds about $7.8 billion in debt,…
US Targeting of Top Iranian Leader Likely to Have Only a Temporary Effect on Crude Prices
The U.S. rocket attack that killed a top Iranian leader sent oil prices sharply higher. How big the eventual rise will be and how long higher prices will endure are reasonable questions.
Pickup Demand Fails to Lift US Auto Sales in 2019
For the fifth consecutive year, new vehicle sales in the United States topped 17 million. Since the peak in 2016, however, sales are down 2.5%.
Many Tourism Business Are Unaffected by the Bushfires in Australia
Tourism is a significant part of Australia's national economy, and while the government does not want travelers to cancel their plans, officials are also trying to be realistic.