Were Walmart Earnings Really That Good?
Walmart reported fourth-quarter and full-year results Tuesday morning that beat analysts' estimates. The company also guided sales and earnings growth for the 2020 fiscal year.
All Work
Paul Ausick
January Data Breaches Expose 370,000 Personal Records
2019 got off to a better start than last year, at least when it comes to the number of personal data records exposed in data breaches. It's still early days, however.
Colorado Marijuana Sales Top $6 Billion Since 2014, but It Should Be More
The state of Colorado reported this week that since legal sales of marijuana began in the state, more than $6 billion in legal sales have occurred.
Amazon Leads $700 Million Funding Round in Electric Truck Maker Rivian
Startup electric truck maker Rivian received an infusion of $700 million in new capital in a funding round led by Amazon. First deliveries of the all-electric pickups are scheduled for 2021.
European Auto Sales Slide in January for Fifth Straight Month
Auto sales in the European Union fell for the fifth consecutive month in January. Sales were down nearly 5% year over year.
How Canopy Growth’s Sales in Canada Surprised Investors
Canadian marijuana grower Canopy Growth posted third-quarter revenues that were more than 600% higher than in the third quarter last year. The difference is due to booming sales of recreational cannabis that began in…
General Motors Launches Electric Bike in European Market
General Motors on Friday announced availability of the company's new electric bicycle, the ARĪV, for preorder in three European countries. The company will begin shipping to customers in the second quarter.
Why So-So Nvidia Earnings Look So Good
Depending on which estimate of expected earnings per share you look at, Nvidia either missed by a mile or cruised past by two miles. Investors seem to prefer the latter.
Natural Gas Price Ticks Lower After Inventory Report
U.S. demand for natural gas last week was lower than analysts had expected and that, along with a mild forecast heading into next week, is keeping a lid on the price of March futures.
JPMorgan Goes Crypto With New JPM Coin
JPMorgan Chase, the country's largest bank, announced Thursday morning that it will begin trials of a new cryptocurrency it expects to speed up money transfers and reduce risks for users.
Buyers Gaining Upper Hand in Housing Market
The inventory of homes for sale in the United States is growing slowly and is slightly higher now that it was a year ago. It's been four years since that's been true.
The High Cost of (Not-So-True) Love
Romance scams were the fastest growing type of fraud in 2018 and also the most costly to its victims. The Federal Trade Commissions has some tips for detecting and avoiding these scams.
Airbus Gives Up on Superjumbo A380
European aircraft maker Airbus said this morning that it will stop producing the company's double-decked A380 superjumbo passenger jet after the plane's sole customer reduced its order total.
Marriage: Still the Main Route to the 1% for Women
A woman on her own has a slim chance of making into the top 1% of income earners despite qualifications that are equal to or better than those of their male counterparts.
Is There No Light at the End of Retail Tunnel?
Retail store closures dipped last year from a record-shattering pace of more than 8,100 in 2017 to about 3,100. But the pace has picked up again early this year and more closings are easily…
Crude Oil Prices Solidly Higher, Ignoring Rising US Inventories
Reported cuts in world crude oil production and encouraging words on the U.S.-China trade talks have overcome significant increases in U.S. petroleum inventories to keep prices about 2% above last night's closing level.
1.5 Million Ford Pickups Added to Transmission-Related Recall
Ford on Wednesday issued three recall notices for about 1.5 million vehicles including 1.48 million F-150 pickups that may experience a transmission downshift that could cause the driver to lose control of the truck.
Why Women Don’t Get Promoted
A new report on women in the workplace indicates that progress toward more gender diversity is not just slow. It's nearly undetectable.
Mortgage Loan Rates, New Applications Continue Sliding
Even though mortgage loan rates are falling, the number of new applications for mortgage loans is not rising. The Mortgage Bankers Association sees uncertainty about the economy as the likely cause for the decline…
5 Billion Records Exposed in 2018 Data Breaches
More than 5 billion personal records were exposed in some 6,500 data breaches in 2018.