JC Penney Finds New Ways to Disappoint Investors
Struggling retailer J.C. Penney reported fiscal first-quarter results Tuesday morning that missed already low earnings expectations.
All Work
Paul Ausick
US Businesses Paid Less Than 8% of Federal Income Tax Collections Last Year
The IRS has released its latest report on fiscal year 2018 federal tax collections. Quite a few things have changed since 1960.
We May Have Been Wrong About the Connection Between Coffee and Poop for Years
New research indicates that caffeine may not be the reason that some coffee drinkers feel a need for a bowel movement after their morning coffee.
Are US Restrictions Putting the Controversial Huawei Out of Business?
Google and other U.S. technology providers to Chinese phone and network equipment maker Huawei will stop providing technology products to the Chinese firm following last week's ban on such sales.
A Self-Driving Taxi Fleet Won’t Make a Profit — and This Is Why
A driverless taxi fleet has been touted as a cheaper alternative to a conventional fleet, but is that really true?
Car Import Tariffs Delayed to See If US Can Strike a Deal With EU, Japan
The U.S. president has extended the deadline by up to six months for possible tariffs on imported cars.
April European Auto Sales Slide for Eighth Consecutive Month
Year over year, new car sales for April dipped slightly in the European Union to 1.3 million units. For the first four months of 2019, sales are down 2.6%.
Deere’s Disappointing Quarter and More Disappointing Outlook
Farm and industrial equipment maker Deere reported fiscal second-quarter results Friday morning that were short of estimates. The company also lowered its sales and profit estimates for the full fiscal year.
Boeing Has Software Fix for 737 Max, Now Comes the Hard Part
Boeing announced Thursday that it has completed work on the software update to repair the 737 MAX anti-stall system. Now the fix has to be certified and accepted by civil aviation authorities around the…
New York to London in 90 Minutes Is in the Works
A startup with the goal of building an aircraft that can fly at speeds over five-times the speed of sound received initial venture funding this week and expects to have a plane to show…
Small Business Optimism Perks Up Strong US Economy
The small business optimism index rose to its highest level since December following a strong first-quarter for the U.S. economy.
5 ETFs the World’s Largest Hedge Fund Owns
Individual investors are not the only ones interested in ETFs. Many hedge funds, including the world's largest, also invest in ETFs.
Goldman Sachs Adds $25 Billion in Assets for $750 Million
Mega-bank Goldman Sachs has agreed to purchase financial advisory and wealth management firm United Capital for $750 million.
Trade War Politics Don’t Matter to Counterfeiters
While most consumers will be feeling the pinch of higher prices for imported goods, tariffs are good news for makers and sellers of counterfeit goods.
Electric Cars, Buses Are Slowly Taking Over the Transportation Market
By 2040, electrified vehicles will account for well over half of global sales according to a new report from BloombergNEF.
Why Agilent Stock Plunged 12% After Earnings
Health care instrument maker Agilent is getting hammered Wednesday following a worse-than-expected earnings report for the company's second fiscal quarter. The company's outlook for the rest of the year made matters worse.
Is KKR Set to Pay $1 Billion for Corel?
The private equity owner of long-time tech firm Corel may be considering a third public offering of the firm it first acquired in 2003.
Ford Recalls 300,000 Fusion, Ranger Vehicles
Ford is recalling about 300,000 Ford Ranger pickups and Fusion passenger cars to repair a transmission problem that could cause the vehicles to roll away when drivers believe they have left the vehicle in…
IEA Oil Demand Growth Estimate Dips
The International Energy Agency's Oil Market Report for April lowers slightly the agency's demand growth estimates for both this year and last. Crude prices are lower following the report.
Lower Interest Rates Failed to Raise New Mortgage Applications Last Week
Mortgage loan interest rates dropped across the board last week, but so did applications for new mortgages. Refinancing applications remain well below 40% of all new loan applications.