Short Sellers Pull Back on Energy Stocks
Short interest in oil and gas stocks mostly decreased in the period ended August 30.
All Work
Paul Ausick
Short Sellers Cooling on Solar Stocks and Fleeing Alternative Energy Stocks
Short interest was mixed on solar stocks in the reporting period ended August 30. Alternative energy short interest declined in four of the five stocks we watch.
Does Walmart’s New Grocery Delivery Program Raise the Stakes?
Walmart has announced a same-day delivery service that will roll out to 1,600 of its stores by the end of this year. The new service highlights a battle among grocery stores to keep current…
Brake Defect Forces GM Recall of 3.5 Million SUVs and Trucks
GM is recalling nearly 3.5 million pickups and SUVs to fix a defect that may cause the vehicles to take longer to stop, raising the risk of a crash.
August US CEO Departures at Record Monthly High
The number of CEOs who left their jobs in August set a monthly record since Challenger, Gray & Christmas began tracking the data in 2002.
OPEC Had a Very Bad August
OPEC crude oil sold for a sharply lower price in August and the cartel has now revised downward most of its projections for growth in both 2019 and 2020.
General Electric to Shed Controlling Interest in Baker Hughes
Late Tuesday afternoon, Baker Hughes announced a secondary offering of 105 million shares of Class A common stock. All the shares are being sold by General Electric.
Mortgage Loan Rates Moving Higher Again
Adjusted to account for the Labor Day holiday, mortgage applications increased by 2% last week. Loan rates were flat for the week, but have taken a turn higher so far this week.
Does PG&E’s Reorganization Plan Have Any Support?
On Monday, PG&E filed its bankruptcy reorganization plan. Now the negotiations really begin.
Close to Half of Americans Believe Electric Vehicles Need Gasoline in Order to Run
Staggering numbers of consumers in the United States, Europe, and China have little understanding of what electric vehicles are and are not capable of doing. This could be a problem for carmakers who are…
Target, UPS Set Seasonal Hiring Plans
U.S. retailers have begun announcing expected seasonal hiring totals for the coming holiday season.
Ford Reveals Big European Electric Vehicle Plans
At the Frankfurt auto show, Ford introduced a new line-up of electrified vehicles and announced plans to have electrified versions of all its vehicles by 2024.
Why Saudi Arabia Is Changing Its Top Oil Industry Executives
Over the weekend, Saudi King Salman bin Abdulaziz appointed a new oil minister who will join with a new leader of the country's national oil company in an effort to lift oil prices by…
PG&E Declines San Francisco Bid, Preferring Bankruptcy to Municipal Ownership
PG&E has rejected two offers to purchase assets as part of its bankruptcy restructuring. One of the offers, from the city of San Francisco, would have paid $2.5 billion in cash for the company's…
How Much Can Elliott Management Really Boost AT&T’s Share Price?
Activist investor firm Elliott Management has sent a letter to AT&T outlining steps the company should take to increase the AT&T's share price by 65%.
Struggling Retailer Fred’s Files for Bankruptcy Protection
Regional retailer Fred's filed for Chapter 11 bankruptcy protection Monday morning.
US Set to Abandon International Postal Union After 144 Years
The United States is on the verge of withdrawing from a 144-year-old postal union in a dispute of the cost of international mail.
Overhauling Fannie Mae and Freddie Mac Won’t Be Easy or Cheap
The U.S. Treasury Department on Thursday released a plan to revitalize Fannie Mae and Freddie Mac, the two government-sponsored companies that hold about half the country's $11 trillion mortgage loan portfolio.
Music Industry Sales Jump 18% on Streaming Growth
Paid music streaming subscriptions now account for almost two-thirds of the U.S. music industry's total revenues.
Could WeWork Run Out of Money?
WeWork is likely to be forced to cut its valuation by at least half in order to complete an IPO planned for later this month. Will the shared-space company run out of money if…