European Electric Vehicle Sales Jump by 34% in First Half of 2019
Electric vehicle sales rose by more than a third in Europe during the first half of this year, led primarily by strong sales of Tesla's Model 3.
All Work
Paul Ausick
Dick’s Sporting Goods Can Do No Wrong, It Seems
Dick's Sporting Goods reported better-than-expected earnings and sales Thursday morning. The firm also raised guidance for the full fiscal year. What's not to like?
CBO Boosts Federal Deficit Projection by $809 Billion
The Congressional Budget Office is projecting a 10-year budget deficit of $11.4 trillion through the end of 2029. The first $1 trillion annual deficit is forecast to come next year.
Kinder Morgan Sheds Pipeline and Canadian Subsidiary for $3.3 Billion
U.S. energy giant Kinder Morgan has agreed to sell the U.S. portion of its Cochin pipeline system and its Canadian subsidiary to Canada's Pembina Pipeline for a total value of $3.3 billion.
Cherokee Nation Set to Exercise Right to Representation in Congress
New Cherokee Nation chief Chuck Hoskin Jr. plans to seat a member of the Nation in the U.S. House of Representatives. The tribe's right to a congressional representative is specified in an 1835 treaty.
July Sales of Existing Homes Beat Estimates Even as Prices Rise
Sales of existing homes in July rose by 2.5% compared to June sales. Overall sales, though, were up less than 1% compared to July of 2018.
Will Target’s Moment in the Sun Last?
Big-box retailer Target beat second-quarter estimates on both the top and bottom lines Wednesday morning. Investors delivered a rewarding boost to the stock price in premarket trading.
Mortgage Loan Rates Mixed, New Borrower Applications Flat
Mortgage loan rate changes were mixed last week and applications for new mortgages remained flat. Refinancings have reached their highest level in nearly three years.
Phoenix to Hit 113 Today, That’s 57 Days Over 100
High temperatures in Phoenix have risen above 100 every day for nearly two months. This is both costly for residents and a harbinger of rising temperatures in the future.
McKinsey Warns of Looming Asian Debt Crisis
A new research report from McKinsey & Co. notes "ominous" parallels between Asian economies just prior to the financial crisis of 1997 and to those economies today.
US Car Buyers Are Paying More for Less
Not only are Americans on track to buy fewer new cars and trucks this year, they are also less satisfied with the results.
These New Cars Have the Most Powerful Engines
We may not all understand exactly what automobile horsepower means, we generally understand that more horsepower can give you more speed. Currently-available vehicles offer horsepower ratings from less than 100 to more than 700…
Electric Vehicles Are Coming, but Are Drivers Following?
A new survey from auto research firm Cox Automotive shows that carmakers have big plans for new electric vehicles. Buyers, alas, not so much.
US Gas Prices Lower for Fifth Consecutive Week
U.S. retail gas prices declined for a fifth straight week, reaching lows not seen since March.
Target Goes Small on Food Business
Target announced Monday that it is launching a new food brand. While it's not going to change the dynamics of the grocery business it does give Target something to hang its hat on.
Interest Rates to Remain Low Through 2020 Say Business Economists
The National Association of Business Economists released the results of its August survey Monday. Recession concerns have been pushed further out, but worry over federal fiscal policy has diminished.
US Corporations: Not Just for Shareholders Any More
The Business Roundtable has issued a new statement on the purpose of a corporation. Will mayhem ensue?
Who Cares About OPEC’s Monthly Oil Market Report Anymore?
The OPEC Monthly Oil Market Report for August was released today. It didn't make much noise when it landed.
Is GE Up Off the Ropes?
GE stock has recovered more than half its Thursday losses Friday morning following a $2 million stock purchase by CEO Larry Culp and some serious pushback against the allegations made against the company's accounting…
August Consumer Sentiment Index Plunges on Recession Fears
The University of Michigan consumer sentiment index plunged by more than 6% month over month in August and is down more than 4% year over year. Consumers are worried about a possible recession.