Why Altria Earnings Went Up in Smoke
Marlboro cigarette maker Altria missed first-quarter profit and revenue estimates.
All Work
Paul Ausick
Why Tesla’s Big Q1 Loss Doesn’t Matter
Tesla reported a wider-than-expected loss after markets closed Wednesday. Does that really dampen the company's long-term outlook?
Walmart Raising the Steaks in the Meat Business
Walmart on Wednesday announced a new end-to-end supply chain for Angus beef products as the company works to bolster its grocery business.
6 Other Oil & Gas Companies for Chevron and Occidental to Fight Over
The $57 billion counter-offer from Occidental that topped Chevron's offer for Anadarko again raises the question of which U.S. Permian-based oil producers may be the next acquisition targets.
Occidental Petroleum Stomps on Chevron’s $33 Billion Offer for Anadarko
Oil exploration and production company Occidental has countered Chevron's $33 billion offer to acquire Anadarko Petroleum with an offer that Oxy claims is 20% better than Chevron's.
This Is Why Ford Is Investing $500 Million in an Electric Truck Startup
Ford announced Wednesday that it has invested $500 million in truck maker startup Rivian. Ford and Rivian will develop a new vehicle using Rivian's "skateboard" platform.
Why Boeing’s Misses Aren’t Sending Investors to the Exits
Boeing's first-quarter earnings fell below analysts' estimates and below last year's results. That did not deter investors, who pushed the share price up in premarket trading Wednesday.
Steadily Rising Interest Rates Stifle New Mortgage Loan Applications
For the second consecutive week, interest rates rose on all five types of mortgage loans tracked by the Mortgage Bankers Association. As might be expected, applications for new loans dropped in response to the…
Detroit Gets a Major Boost From the Self-Driving Car Business
Waymo, the self-driving car unit of Alphabet Inc., plans to invest $13.6 million in a vacant Detroit manufacturing plant where the company will build self-driving vehicles.
Climate Change Might Cost Us a Lot More Than We Thought
Melting of the Arctic's permafrost, high-land snow, and sea ice could add as much as $70 trillion to the damages caused by climate change.
Social Security Is Running Out of Money: Here Are 11 Questions Everyone Must Ask
The latest report on the Social Security program projects that the funds will begin using assets to meet benefit payments in 2020. By 2035 the assets will be exhausted. What does this mean for…
Why Used Car Prices Are Rising
Used car sales got off to a rocky start in 2019 and a slight improvement in March is unlikely to last throughout the rest of the year.
Can Social Security and Medicare Be Saved Before Funds Deplete Significantly?
The release Monday of the annual report on the status of the Social Security and Medicare trust funds indicates that we're coming closer to the end of full benefit payments.
Why Goldman Sachs Is Investing in Key Energy
Goldman Sachs reported last week that it has acquired a 7.5% in oilfield services firm Key Energy. In a federal filing, Goldman talks up both its market-making plans and its activist plans.
National Gas Prices Take a Break While California Tops $4 a Gallon
U.S. gasoline prices took a breather last week, but news Monday morning of an end to U.S. waivers on importing oil from Iran has sent crude prices higher with gas prices sure to follow…
What Halliburton, Schlumberger Earnings Signal as US Iran Sanctions Waivers End
The expected announcement coming later Monday on an end to the waivers the United States has granted to eight countries doing business with Iran may be even worse if lukewarm outlooks from oilfield services…
Automakers Rev Up Electric Vehicle PR Engine
A new survey indicates that a solid majority of drivers in the northeastern U.S. are considering buying an electric car as their next new vehicle.
What Do United Rentals Earnings Tell Us About Spending on US Infrastructure?
Construction equipment rental firm United Rentals beat estimates for earnings and revenues this morning. Does its performance tell us anything about U.S. infrastructure spending?
Why PG&E Delayed Its Annual Meeting
PG&E announced that its annual shareholders' meeting scheduled for May 9 will be delayed until June. The company recently named a new CEO and 10 new board members.
Amazon, YouTube Agree to Play Nice
Amazon and Google's YouTube announced this morning that YouTube's official streaming app will be available on Amazon's Fire TV stick and other devices. Is this good news for consumers?