Harvard Study: Housing Construction Barely Matching Demand
The latest report from Harvard University's Joint Center on Housing Studies shows more household formation outstripping the available stock of housing.
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Paul Ausick
New Home Sales Tumble in May
New home sales fell for the second straight month in May but the good news is that sales of homes priced below $300,000 rose sharply, indicating perhaps that more first-time buyers are able to…
Norway’s Trillion-Dollar Wealth Fund Now Open to Investment in Walmart
Norway has lifted a ban imposed in 2006 on investment in five large international firms, including Walmart.
As If China Weren’t a Big Enough Headache, FedEx Picks a Fight With the US Government
Package delivery giant FedEx has filed a lawsuit against the U.S. Department of Commerce seeking a permanent injunction against a requirement that the company enforce certain of the department's export regulations.
GE Shuts Down California Natural Gas-Fired Power Plant 20 Years Early
GE has filed documents with the California Energy Commission to shut down and demolish a 10-year old gas-fired electricity generating plant. Such plants normally have a life span of around 30 years.
These Are the Restaurants With the Best Customer Service in America
Americans' satisfaction with dining out dipped slightly this year according to the latest American Customer Satisfaction Index.
Will High Prices for Juul Pods Accomplish What the FDA and Mitch McConnell Can’t?
Prices for certain sweetened liquid nicotine products have jumped since the FDA has begun cracking down on sales to underage teens.
Falling Gas Prices Could End With a 7-Week Streak
A seven-week streak of steadily falling gasoline pump prices could be over. Increased tensions between the United States and Iran, a refinery explosion in Philadelphia and some optimism related to U.S. relations with China…
Philadelphia Refinery Explosion Takes 350,000 Barrels a Day Out of Production
Three early morning explosions at a refinery in Philadelphia caused only a few minor injuries but could push gasoline prices higher as the summer driving season approaches its peak.
Mercedes-Benz Maker Warns on Q2 Profit
German automaker Daimler warned Monday that an increased provision to deal with the company's diesel emissions troubles will reduce profits to last year's level.
Eldorado Rakes in Caesars for $17 Billion
Casino and resort companies Eldorado and Caesars have announced a $17.3 billion merger that will create the country's largest gaming firm.
The Dirty Expensive Secret of Artificial Intelligence and Machine Learning
Electricity usage by artificial intelligence and machine learning programs racks up stunning large carbon dioxide emissions according to new research.
How a ‘Game of Drones’ May Have Influenced U.S. Response to Drone Downing
In a war game exercise conducted in late 2015, military planners considered the impact of just such an event as the Iranian downing of a U.S. drone.
US Wants to Stop Being So Dependent on China for Rare Earth Metals
The Trump administration has released a plan to ensure U.S. access to certain minerals deemed critical to the country's economic and national security.
New Regulations, Joint Venture Unlikely to Save Coal
The U.S. EPA has repealed the Obama-era Clean Power Plan and replaced it with a new plan that looks more favorably on coal-fired electricity generation. Should we expect that to save the coal industry?
Orders Slow Down for New Boeing, Airbus Airplanes
Boeing and Airbus appear to be taking a breather at Thursday's edition of the Paris Air Show.
Canadian Government Greenlights Pipeline Expansion
The Canadian government has granted authority to complete the expansion of the Trans Mountain oil pipeline system. Not all Canadians and certainly not all native First Nations are pleased, to say the least.
SEC Seeks Comments on Mom-and-Pop Access to Hedge Funds
The SEC has issued a concept document that explores opening hedge funds and private equity funds to small retail investors.
Boeing, Airbus Continue Slugging It Out at Paris Air Show
Boeing and Airbus continue to take new orders and commitments at the Paris Air Show. Airbus is making deals for its new A321XLR passenger jet while Boeing is selling several freighters in addition to…
More – and Older — Vehicles Now Traveling on US Roads
The U.S. auto fleet is getting both larger and older. Consumer tastes have also swung toward utility vehicles and are making slow progress to purchasing more alternative energy vehicles.