US Retail Sales Projected to Top $1 Trillion This Holiday Season
Retail analysts at eMarketer expect 2019 holiday season spending to top $1 trillion for the first time ever.
All Work
Paul Ausick
737 Max Deliveries May Restart This Year: Boeing
Boeing said Monday that it could begin delivering 737 Max passenger jets to customers before the end of the year and that the plan could be recertified to return to service in January.
Outlook for $63 Trillion in Sovereign Debt Turns Negative: Moody’s
A weakening global economy has elevated the risk to sovereign creditworthiness according to a new report from Moody's.
Is Vaping Really Worse Than Smoking?
Two new studies that will be reported later this week suggest a link between using e-cigarettes and reduced heart health.
Pitfalls Hiding in the Saudi Aramco IPO Prospectus
The IPO of Saudi Aramco will commence its book-building period on Sunday, ahead of its December pricing and sale.
OpenText Outbids Private Equity for Data Security Firm Carbonite
Cloud-software provider OpenText announced that it is acquiring security services firm Carbonite in an all-cash deal valued at around $1.42 billion.
Rhode Island Rejects New Natural Gas-Fired Power Plant
The state of Rhode Island has denied a construction permit for a new natural gas-fired power plant saying that it's no longer needed and, besides, it's too dirty.
Uber Scalded for ‘Outrageous Safety Lapses’ in 2018 Pedestrian Death
Consumer Reports issued a press release Thursday calling for tougher standards for self-driving cars. The call follows a report issued Tuesday by the National Transportation Safety Board related to a pedestrian death in Tempe,…
US Shale Oil Production Headed for a Fall
Analysts at IHS Markit expect U.S. shale oil production growth to decline by half next year. How investors (who are demanding a bigger share of profits) respond is the big question.
PG&E Earnings Overshadowed by Bankruptcy, Fires
When excluding one-time items, PG&E posted a higher than expected profit. That does not matter as much as the company's bankruptcy proceedings and its continuing exposure to more fires caused by its equipment.
How Vista Outdoor Is Replacing Tumbling Ammo Sales
Camping products and ammo maker Vista Outdoor posted an earnings beat and a revenue miss Thursday morning. Ammo sales continue to fall and the company's revenue along with them.
The Exxon-FuelCell Energy Project: Necessary, but Not Enough
Exxon Mobil is extending a joint-development agreement with FuelCell Energy to work on a solution for industrial carbon emissions. That's a good thing, but it also raises other issues about how people choose to…
Has Qualcomm Righted the Ship?
Qualcomm turned in quarterly and fiscal year results that beat estimates on both the top and bottom lines. That's music to an investor's ears.
Brazil’s Offshore Oil Auction a $17 Billion Flop
How can an auction for the right to produce billions of barrels of oil be a flop when the government running the auction realizes revenue of $17 billion?
Consumer Sentiment on Track to Keep Rising
Consumer sentiment improved last week according to the latest report from Morning Consult. That's good news for the economy heading into the holiday shopping season.
Crude Price Gives Up Gains After Large Stockpile Build
The U.S. commercial crude oil inventory rose by nearly 8 million barrels last week and oil prices are sliding as a result.
Xerox Thinks Big, but Maybe Not Too Big
The Wall Street Journal reported late Tuesday that Xerox is considering an acquisition of HP. This appears to be biting off more than Xerox can chew, but maybe not.
Mortgage Loan Rates Slipped Last Week, Refinancings Increased
Mortgage loan rates dropped slightly last week and applications for new mortgages remained flat while refinancings rose.
Chinese Automaker Nio Looks to Intel for Self-Driving Cars Push
Intel and Chinese carmaker Nio announced an agreement under which Intel's Mobileye autonomous vehicle business will supply Nio with self-driving technology that Nio will adapt for its own vehicles and others to be developed…
September Home Prices Rise Most in DC, Denver
U.S. home prices rose 3.5% year over year in September and 0.3% month over month, according to CoreLogic's home price index. On a year-over-year basis, the index has increased every month since February 2012.