Bullard Explains FOMC Vote, Fed Spends Another $75 Billion on Repo Market
St. Louis Fed President James Bullard explains why he voted against Wednesday's rate cut and the Fed pumps another $75 billion into the repo market.
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Paul Ausick
Boeing Flies Navy Drone Tanker for First Time, Struggles With Air Force Tanker
Boeing successfully completed the first test flight of its unmanned refueling tanker for the U.S. Navy and continues to work on both major and minor issues on its much-delayed KC-46 Air Force tanker.
Bloom Energy Gets Some Backing Against Short-Seller Attack
Bloom Energy was the target of a short seller earlier this week and the fuel cell company's stock dropped by about 20%. A JPMorgan analyst gave the company some help Thursday and shares have…
What Could AT&T Do With DirecTV?
AT&T is reportedly discussing what to do with satellite TV provider DirecTV. The company is under pressure to sell or spin-off the satellite business, even though it paid more than $67 billion (including debt)…
August Sales of Existing Homes Continue Strong on Lower Mortgage Loan Rates
August sales of existing homes rose by 1.3% month over month and by 2.6% year over year as low mortgage interest rates lured more buyers into the market.
The Question the Fed Did Not Answer When It Cut Rates
Along with Wednesday's announcement of cut to the fed funds rate, Fed Chair Jerome Powell also committed to injecting cash into the central bank's repurchase (repo) facility. That's not a long-term solution, however.
US Firms to Hire Fewer Seasonal Workers This Year
Seasonal hiring is expected to be no better than flat to 2018 totals this year, according to Challenger, Gray & Christmas. Consumers are still spending but remain concerned about the effects of new tariffs.
Fed Snips Another Quarter Point From Funds Rate
The Federal Reserve's open market committee on Wednesday cut the federal funds rate by another quarter point. Not everyone was happy with that choice.
US Oil Stockpile Posts First Build in 5 Weeks
The U.S. stockpile of crude oil rose by 1.1 million barrels last week, the first gain in five weeks. Hopes for a quick recovery in Saudi Arabian production also have been raised.
Is That New Car Smell Worth $14,000?
Buying a recent vintage used vehicle can save consumers an average of $14,000. And inventories are rising at franchised dealerships.
These Are the Cars Americans Keep the Longest
The vehicles on U.S. roads and highways are getting older. Here are the cars, SUVs and pickups that Americans are keeping longest.
August Housing, Single-Family Starts Show Solid Gains
New home construction rose by nearly 8% month over month in August and by 12% year over year.
Global Electric Vehicle Sales Up 46% in First Half of 2019
Sales of plug-in electric vehicles rose 46% year over year in the first half of 2019. Tesla's Model 3 was far and away the best-selling electric vehicle.
Mortgage Loan Rates Rose Last Week, Applications Flat
Mortgage loan rates rose last week as demand for U.S. Treasury notes slipped and yields rose. Applications for new mortgages were flat and refinancings also dipped week over week.
3G Capital Dumps 9% of Kraft Heinz Stake
The second-largest shareholder in Kraft Heinz sold about 9% of its stake in the company. 3G Capital remains the food giant's second-largest holder, right behind Warren Buffett's Berkshire Hathaway.
Boeing Air Force Training Jet Gets an Official Name: T-7A Red Hawk
U.S. Air Force Secretary Matthew Donovan today announced the new name of the services new training jet: the T-71 Red Hawk, a name with a history dating back to World War II.
10 Unbelievable Oil and Gas Movers After Saudi Drone Attack
The drone attack on Saudi Arabia's Abqaiq facility has pushed share prices of U.S. oil and gas companies up sharply. The gains are unlikely to last
Will UAW Strike Against GM End Sooner Rather Than Later?
The United Auto Workers union has initiated a strike against General Motors. Will the work stoppage be resolved quickly or will both sides hunker down for the long haul?
Companies Are Betting on Innovation to Fend Off the Next Recession
How likely is a recession and what steps do U.S. companies plan to take to mitigate the effects if a recession should occur? A new survey offers some clues.
The Speediest Smartphones in the US Come from South Korea
According to network monitoring firm OpenSignal, the smartphones with the fasted download speeds in the U.S. are made by Samsung. Where does Apple fit in?