Genesee & Wyoming Acquisition Boosts Rail Stocks
Short-line railroad operator Genesee & Wyoming was acquired Monday by a consortium comprised of Brookfield Infrastructure and Singapore's sovereign wealth fund, GIC.
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Paul Ausick
The Russian Tail Wags the OPEC Dog
The OPEC ministers semi-annual meeting begins Tuesday, but the outcome was announced last Saturday in Japan.
Driven by Chaos in Oil World, Gas Prices Begin to March Higher
Gas prices have ended a nearly two-month streak of decline just in time for the Independence Day holiday weekend.
AI Universe Simulation Is Faster, More Accurate — and Mysterious
Researchers at the Flatiron Institute have built a dazzlingly fast and outrageously accurate AI program to study universes. Now they just have to figure out why it works.
IMF Survey Indicates Digital Currencies Backed by Central Banks Could Be Real
The International Monetary Fund has released the results of a survey of the world's central bankers on the current state of fintech development and where the sector may be headed.
June Consumer Sentiment Index Dips on Tariff Worries
The University of Michigan consumer sentiment index for June was the same as the index reading for June 2018. Month over month, however, the index declined slightly on consumer worries about added tariffs.
Huntington, Discover Top J.D. Power Customer Surveys on Digital Offerings
New survey results from J.D. Power rank bank and credit card mobile apps and online services. What do the top-rated companies have in common?
Coal-Fired Electricity Generation Falls Behind Renewables
U.S. electricity generation from renewable sources surpassed coal-fired generation for the first time ever in April.
Chemical Giant BASF Will Fire 6,000 Employees
German chemical giant BASF announced that it will fire some 6,000 workers by the end of 2021 as the company reshapes itself following some major acquisitions.
Why Centerbridge Would Buy Magellan Health — and Keep It
Private equity firm Centerbridge Partners is reportedly discussing an acquisition of health care provider Magellan Health. While not on the same scale as recent mega-mergers in the sector, this might be another building block…
Boeing’s 737 MAX Return May Be Delayed Even Further
The FAA has identified another computer control problem with the 737 MAX jets that may cause the planes to go into a dive that pilots could have difficulty recovering from.
Ford’s New Tack on European Sales Wipes Out 12,000 Jobs
Ford has come up with a plan to breathe new life into its sinking European business. Firing 12,000 workers is at the top of the list.
Philadelphia Refinery That Exploded to Close
The Philadelphia oil refinery that exploded last week will be shut down by next month according to the city's mayor.
June Auto Sales Forecast to Decline
Automakers will be reporting June and second-quarter sales next week. Analysts are expecting lower sales, but not crushingly lower.
Oil and Gas Industry Caught Between Slowing Economy, Higher Costs: Dallas Fed Survey
Oil and gas producers and oilfield services companies in the Dallas Federal Reserve district are preparing for a second half of the year that looks increasingly gloomy.
Chevy to Give Customers What They Want — a $100,000 Pickup
Chevy is on the cusp of delivering a Silverado HD pickup with a price of around $100,000. What took so long?
Short Sellers Focus on a Few Alternative Energy, Solar Stocks
Short interest in solar stocks was mixed in the two-week period ending June 14. Alternative energy stocks, however, were more attractive to short sellers.
Short Sellers Lining Up Behind Higher Oil Prices
Short interest rose among integrated oil and gas producers in the two-week reporting period that ended June 14. Short sellers boosted their short positions in one company by a full third.
Mortgage Loan Rates Fall to 2-Year Low, Mortgage Applications Rise Only Slightly
Applications for new mortgages rose slightly last week even though mortgage loan rates on a 30-year conventional loan have fallen to levels not seen since September 2017.
June Consumer Confidence Plunges to 21-Month Low
The Conference Board reported Tuesday that its consumer confidence level hit a 21-month low in June.