Have Consumers Forgotten Their Tariff Worries?
The University of Michigan consumer sentiment index shook off its August funk to rise by nearly 4% month over month. The index remains nearly 7% lower than at the same time last year, however.
All Work
Paul Ausick
GM Backs Off on Decision to Make Union Pay Workers’ Health Care Costs; Other Issues Unresolved
GM reversed an earlier decision to push health care premium payments for striking workers onto the UAW. The union was not impressed, but negotiations are reportedly continuing.
Delta Snatches Latam Airlines Deal From American
U.S. carrier Delta has acquired a 20% stake in Chile's Latam Airlines for $1.9 billion.
September Auto Sales to Tumble Due to Calendar Quirk
A calendar quirk is expected to weigh heavily on September auto sales when carmakers announce results next week.
Boeing Scorched by NTSB Report on 737 Max Crashes
A new report from the National Transportation Safety Board recommends seven steps that Boeing and the FAA need to take as the company works to get its 737 Max airplanes back in the air.
If You Loaned Money to Family or Friends, Don’t Count on Getting Paid Back
Lending money to friends and family often spawns unexpected and undesirable consequences.
Does Congress Vote on Tax Credits Improve Climate Change?
The coming expiration of several tax incentives aimed at reducing U.S. carbon emissions raises the question of whether renewing and expanding them will help achieve net-zero emissions by 2050. A new report explains how…
Continuing Jobless Claims Remain Near 50-Year Low
Last week's new claims for unemployment benefits rose by 3,000, driven by new claims in Michigan where thousands of autoworkers are on strike against GM.
Has Amazon Bigfooted Teladoc?
Amazon has launched a telemedicine smartphone app for some Seattle-based employees. The news dented Teladoc's share price, but not as badly as it might have.
Elliott Management Sets Sights (Again) on Breaking Up Marathon Petroleum
Elliott Management and Paul Singer have once again targeted oil refiner Marathon Petroleum for a breakup. Will the outcome be different from what happened a couple of years ago?
Oil & Gas Industry Deteriorating on Low Prices, Idle Rigs: Dallas Fed Survey
The Federal Reserve Bank of Dallas on Wednesday released results of its quarterly survey of energy industry executives. All is not well in the oil and gas patch.
Federal Royalties on Energy Resources Remain at 1951 Levels
In testimony on Tuesday before a House subcommittee, the GAO presented "challenges" to receiving a "fair return" to the federal government for developing oil, natural gas, and coal resources.
Short Sellers Avoid Solar, Jump on Some Alt Energy Stocks
Short sellers reduced their positions in solar stocks while jumping in with both feet on some struggling alt energy issues.
Some Energy Short Sellers Feeling Squeezed
Three of six energy stocks we track saw short interest drop by double digits just ahead of the drone attack on the Saudi oil processing plants.
Rising Mortgage Interest Rates Slam Demand for New Loans, Refinancing
Mortgages loans for new purchases and refinancings dropped sharply last week as mortgage interest rates climbed.
Family Investment Offices Retrenching Against Market Disruption
A new survey of family offices that manage investments for the world's wealthiest families reports a portfolio return of 5.4% last year. The survey included 360 family offices with an average of $907 million…
It’s Now Independents vs Supermajors in the Permian Basin
Exxon and Chevron have filed for hundreds of new drilling permits in the Permian Basin so far this year. Are the majors about to squeeze the independents out of the country's most productive oil…
Home Price Increases May Be Turning a Corner: Case-Shiller
Home price increases rose 2% year over year in July, slightly slower than the 2.1% increase posted in June, according to the latest S&P CoreLogic Case-Shiller national home price index.
Chicago Fed August Index Leaps Into Positive Territory
The Chicago Fed National Activity Index rose into positive territory in August primarily on strength in manufacturing.
Three Mile Island Nuke Plant Closes Friday
The Three Mile Island nuclear power plant closes Friday, 41 years after a partial meltdown in one of the plant's reactors.