Lower Loan Rates Boost Applications for New Mortgages
Mortgage loan rates dipped again last week leading to an increase in new mortgage loan applications.
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Paul Ausick
Mercedes Unveils Redesigned GLC Crossover Coupe
Mercedes-Benz introduced its compact luxury crossover GLC coupe Wednesday morning. The car will be officially unveiled at next month's New York auto show and be available for sale in the United States late this…
US Customer Satisfaction With Energy Utilities Falls
The American Customer Satisfaction Index survey of natural gas and electric utilities for 2019 was released Tuesday morning. Scores are nearly 3% lower than a year ago reflecting lower satisfaction on service reliability.
Air Force One Costs Jump by a Third to $5.3 Billion
The fiscal year 2020 Department of Defense budget request includes a more detailed accounting of the costs for the new Air Force One presidential aircraft program that is sharply higher than Trump claimed it…
Two-Thirds of Voters Say Amazon Cancelling Queens HQ Bad for NY
A poll released Monday by Sienna College indicates that two-thirds of New York voters think that Amazon's cancellation of its announced plan for second headquarters in New York was bad for the state.
March Homebuilder Confidence Stalls
The National Association of Home Builders confidence index was unchanged this month, holding steady at 62 after crawling out of a deep hole in December.
The 7 Countries That Create the Most American Jobs
U.S. trade contributes more than a quarter of U.S. GDP and 20% of all U.S. jobs, according to a new report sponsored by the U.S. Business Roundtable.
Why Mercedes-Benz Will Build Maybach SUV in Alabama
Mercedes-Benz is preparing to build an ultra-luxury SUV, the Mercedes-Maybach GLS, at its Alabama plant. The base vehicle is expected to cost about $200,000.
Lyft Beats Uber to the Starting Line, Files for $2 Billion IPO
Ride-hailing firm Lyft has filed to raise $2 billion at a market cap of around $21 billion to $23 billion. At those levels, this will be the largest U.S. IPO in two years.
How Much Money Does March Madness Make?
Sports betting is now legal in eight U.S. states and March Madness, which begins Tuesday, is expected to generate total betting of more than $12 billion. There are other winners in the dash for…
Auto, Tech Companies Spending Big on Driverless Cars Americans Are Afraid Of
Americans' fear of self-driving vehicles has jumped higher this year according to a new survey from AAA. This is not particularly good news for carmakers and tech firms who have or have committed to…
Ford CEO Made 276 Times Median Worker in 2018
Ford CEO Jim Hackett was paid 276 times more in compensation last year than the median employee. Hackett's pay rose by about 10% while employee compensation rose by about 9.6%.
Morgan Stanley Picks 30 Stocks for 2021
Here are 30 stocks that analysts at Morgan Stanley have as high-quality and sustainable picks for the next two years.
Tesla Shows Off Model Y Crossover, Ford Mum on Electrified Mustang
Tesla unveiled its Model Y crossover at an event near Los Angeles last night. The new model will be available in four versions with a beginning sticker price of $39,000 for the standard model.
Boeing Will Keep Building 737 MAX, Just Won’t Deliver Them or Get Paid
Boeing said Thursday that it will continue building 737 MAX aircraft but the company won't be able to deliver them to customers or get paid until the FAA lifts its grounding order.
February European Auto Sales Drop for Sixth Consecutive Month
Auto sales in the European Union dropped in February for the sixth straight month. Among the EU's large economies, Germany was the volume sales leader and the U.K. was the laggard.
Marijuana Grower Hexo Spends to Grow
Canadian marijuana grower Hexo reported a big jump in revenues for its fiscal second quarter, one day after announcing a major acquisition.
January New Home Sales Tumble, Prices Dip
Sales of new homes dropped by 4% year over year in January and 7% compared to December. Unusually cold weather, a partial government shutdown, and substantial upward revision in December's total all contributed to…
Natural Gas Price Steady Following Expected Massive Withdrawal
Last week's natural gas storage withdrawal topped 200 billion cubic feet, right around an analysts' estimate. U.S. natural gas stockpiles are now nearly a third lower than their five-year average.
OPEC Crude Production Slipped in February on Saudi, Venezuelan Reductions
Saudi Arabia and Venezuela posted sharp oil production cuts in February, helping boost the price for OPEC barrels up by 3%.