JPMorgan Consumer Banking Lifts Q1 Results
JPMorgan easily topped analysts expectations for both revenues and profits during the first quarter. Fixed income revenues remain subdued, however.
All Work
Paul Ausick
Chevron’s Acquisition of Anadarko Is All About Shale
Oil and gas giant Chevron announced this morning that it has agreed to buy Anadarko Petroleum for $33 in cash and stock in a transaction valued at $33 billion.
US Farmers and Ranchers Getting Older, Fewer, More Female
The U.S. Department of Agriculture released its 2017 Census Thursday. The data continues a trend downward in both the number of farms and ranches and in the amount of U.S. land devoted to farming.
Meet the World’s New Largest Gold Producer
Shareholders of gold miner Newmont have approved the company's $10 billion acquisition of Goldcorp. Barring any regulatory hitches, the deal is expected to close this quarter.
Why Tesla, Panasonic Are Delaying Gigafactory Expansion
A Japanese newspaper reported Thursday morning that Tesla and Panasonic have delayed expansion plans for Tesla's Nevada Gigafactory and Panasonic also intends to suspend investments in a new Shanghai factory.
Natural Gas Price Ticks Higher on Weather Outlook, Minimal Storage Growth
The U.S. natural gas stockpile rose by 25 billion cubic feet last week, a bit less than analysts expected. Cooler weather in the Midwest is likely to push prices higher this week.
Gas in California to Reach Prices Unseen in 5 Years
Gasoline prices have hit an average of $4 a gallon in some California cities. The pain will get a little worse before it gets better too.
Summer Gas Prices Will Be Lower This Year
Summer gasoline prices are forecast to be nearly a dime a gallon lower this year than they were last summer. Good news for Americans who will be hitting the roads this summer.
Why Exxon’s Dimmed Outlook Isn’t Hurting Refiners’ Stocks
Exxon Mobil said this morning that profits in its downstream segment would take a couple of big hits from higher crude oil prices and losses in its derivatives trading.
CEOs in America Continue Losing Their Jobs at a Record Pace
U.S. CEOs continued leaving their jobs at a near-record pace in March, lifting first-quarter departures to their highest-ever total.
Short Sellers Take Another Look at Solar, Alternative Energy Stocks
Short interest generally increased in the solar and alt energy stocks we watch. Short sellers nearly doubled their bets against one of the alt energy companies.
Short Interest in Energy Stocks Cools Off
Short sellers pulled back on their bets for falling share prices among major oil companies in the last two weeks of March.
How Delta Air Lines’ Difference Boosted Earnings, Guidance
Delta Air Lines reported better-than-expected first-quarter results Wednesday morning. The airline's guidance for the second quarter is also solid, for a good reason.
New Mortgage Loans Fall as Loan Rates Rise
Mortgage rates rose last week but the increase amounted only to about a tenth of a point. The squelched the uptick in refinancings reported in the prior week.
Half of US Taxpayers Paid 97% of 2016 Federal Income Tax
Just ahead of the filing deadline for 2018 federal and state income taxes, the IRS published its roundup of 2016 income and taxes. Americans reported more than $10 trillion in income and paid about…
Boeing’s Q1 Deliveries Slammed by 737 MAX Crashes
Boeing's first-quarter deliveries of its 737 family of jets dropped by half compared with the prior quarter's deliveries. The grounding of the 737 MAX following a crash in Ethiopia in early March is the…
Fewest Americans in 20 Years Losing Homes to Foreclosure
Mortgage delinquency and foreclosure rates have reached 20-year lows, according to research firm CoreLogic.
March Small Business Optimism Stalls on Weak Outlook for Economic Growth
Small business owners remain guarded in their outlook for the U.S. economy and for their own sales according to the monthly report from the National Federation of Independent Business.
Gas Price Climbs to Another Record High in 2019
U.S. retail gasoline prices rose by an average of nearly five cents a gallon last week. Refinery maintenance and unplanned outages in California have driven West Coast prices to their highest levels in nearly…
Lampert’s Offer to Buy Sears Hometown and Outlet Rejected in Round 1
A firm controlled by Eddie Lampert has offered to buy the outstanding shares of Sears Hometown and Outlet stores he doesn't already own. The offer was rejected by a committee of the board, but…