Solar, Alt Energy Short Interest Dwindles
Short sellers reduced their positions in both solar and alt energy stocks during the two-week reporting period that ended December 13.
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Paul Ausick
Short Sellers Abandon Oil Stocks as Crude Prices Rise
Short interest in oil and gas stocks generally declined in the two-week period through December 13, primarily due to an OPEC+ decision to reduce production by a total of 2.1 million barrels a day…
Another Big Round of Venture Funding for Rivian
Electric pickup truck and SUV maker Rivian landed a Christmas present of $1.3 billion in fresh cash as it works to get its first deliveries out the door by late next year.
Year-End Consumer Sentiment Reaches Highest Level in Nearly 2 Years
The Morning Consult consumer sentiment index has reached its highest level in nearly two years as holiday season spending continues to outpace last year.
DieHard Brand Worth $200 Million to Eddie Lampert
Advance Auto Parts on Monday paid $200 million to Eddie Lampert's holding company for the rights to the DieHard brand.
Allergan Gets FDA Approval for Migraine Treatment
The FDA has approved Allergan's treatment for migraines in adults. The drug is the first of its class to obtain FDA approval, but the new drug will compete with other recently released treatments for…
Offshore Guyana Yields Another Gusher for Exxon Mobil
Exxon has begun producing from its first well offshore of Guyana. The well is expected to produce 120,000 barrels a day when it reaches full capacity. The company also revealed it had struck oil…
Falling Gas Prices Add to Holiday Cheer
U.S. gasoline prices have been declining for seven straight weeks and reached $2.53 a gallon Monday morning, their lowest level since March.
New Home Sales Remain High, Builders Optimistic for 2020
Sales of new homes rose both year over year and month over month in November. New home sales have exceeded a seasonally adjusted annual rate of 700,000 for four consecutive months.
Boeing Ousts CEO, Names Chairman to Take Over
Boeing CEO Dennis Muilenburg abruptly resigned Monday and company chairman David Calhoun will take over as CEO in January.
Saudi Arabia, Kuwait Near Deal on More Oil
Saudi Arabia and Kuwait are expected to sign an agreement on Tuesday that could restart about 500,000 barrels a day of crude oil production.
Sports Betting Firm DraftKings Acquired, Looks to Go Public Next Year
Fantasy sports and online sports betting site DraftKings has agreed to a combination with special-purpose acquisition group Diamond Eagle that will lead to a public listing in the first half of next year.
After a Strong 2019, Are There Any Undervalued Defense Contractors?
2019 was a very good year for the top U.S. defense firms. Most posted double-digit share price gains and a wave of consolidation could push more gains in the year ahead.
Boeing’s Starliner Spacecraft Misses Rendezvous With Space Station
A Boeing spacecraft launched Friday morning and meant to dock with the International Space Station failed to make the proper course correction. The spacecraft is stable and flight control officials are figuring out their…
US Consumer Sentiment at 7-Month High
U.S. consumer sentiment reached a seven-month high in December, according to the University of Michigan Survey of Consumer Sentiment. Most of the gain was recorded among upper-income households.
US Steel Cuts Dividend, Halts Buybacks, Chops Up to 1500 Jobs
U.S. Steel announced late Thursday that it will shut down most of its Great Lakes Works plant, cut its dividend, and terminate its share buyback program as it tries to weather tough economic conditions.
What Will It Take to Make Nike Investors Happy?
Nike reported second-fiscal quarter earnings that beat on both the top and bottom lines. And that's after closing the day's trading session at a new all-time high. But analysts and investors found something they…
Gas Prices Expected to Drop, Still Higher Than Last Year for Holiday Motorists
Gasoline prices are expected to drop by as much as a quarter in some parts of the United States between now and the end of the year, according to AAA.
How Rite Aid Surprised Investors With Q3 Earnings
Rite Aid reported third-quarter profits that absolutely smashed expectations. Combined with an improved outlook for its 2020 fiscal year, the company has investors beating a path to its door.
Match Group, IAC Splitting Up
IAC/Interactive and Match Group have announced an agreement that will separate the two companies completely.