More Than 1,000 CEOs Have Left Their Jobs This Year
The number of CEOs who have left their jobs so far in 2018 is the highest in 10 years. Most are due to retirements while 21 have been fired and 10 have left following…
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Paul Ausick
Saudi Arabia Boosted Oil Supplies by 450,000 Barrels in November
In its monthly oil market report for December, OPEC lowered its demand estimates for both this year and next by about a million barrels a day.
Short Sellers Losing Interest in 3D Printing Stocks
Short interest was mixed on 3D printing stocks in the two-week reporting period that ended November 30. Short sellers appear to be losing interest in the industry.
Short Sellers Still Pulling Out of Solar, Taking a Run Alt Energy Stocks
Short sellers continue to cut their positions in three major solar energy stocks. Alternative fuel stocks are getting more attention, however.
Mortgage Applications Rise for Third Straight Week, Loan Rates Decline
Applications for new mortgages rose last week for the third time in a row according to the Mortgage Bankers Association. Mortgage loan rates also declined and led to a small increase in refinancing activity.
Wells Fargo, General Electric Slide into Tuesday’s 52-Week Low Club
Wells Fargo, General Electric, Weatherford International, and Lloyds Banking all posted new 52-week lows Tuesday.
US Energy Agency Sees Big Drop in Crude Price Coming in 2019
U.S. crude oil production continued to rise in November and the U.S. Energy Information Administration is forecasting prices will drop by around 15% on average next year.
The Penny Drops on Verizon’s Acquisition of Yahoo
After announcing a massive layoff plan on Thursday, Verizon on Friday said it would take an even bigger non-cash impairment charge related to its acquisitions of Yahoo and AOL.
CBS Shareholders Meet, Moonves Golden Parachute at Stake
Protesters awaited shareholders attending Tuesday's CBS annual meeting. The demonstrators want the company to withhold a $120 million severance package for the former board chair and CEO, Les Moonves.
November Small Business Optimism Plunges on Lowered Expectations
Small business owners' optimism flagged in November, dropping nearly three points on the National Federation of Independent Business optimism index. Expectations for improvement in the U.S. economy dropped more than 10%.
Bunge CEO Latest Casualty of Investor Activism
Grain trading house Bunge announced Monday that CEO Soren Schroder will step down as soon as the company finds a replacement.
Auto Dealer Expectations Sink to All-Time Low
A new survey of automobile dealers indicates that their optimism for the current quarter and the first quarter of 2019 is falling as interest rates rise and dealers fell more pressure to lower prices.
$6.1 Billion 2019 Capital Spending Planned for ConocoPhillips
Independent oil and gas producer ConocoPhillips announced Monday that it plans capital spending of $6.1 billion in 2019, roughly flat with 2018 spending. Most of the spending is expected for Alaska and the Lower…
Carlos Ghosn Remains in Jail Following Japanese Indictments
Former Nissan Chairman Carlos Ghosn, along with Greg Kelly and the automaker itself, were indicted in Japan Monday for making lying on the company's financial reports.
General Electric, Bank of America Set Up Camp in Friday’s 52-Week Low Club
Bank of America, General Electric, Citigroup, and generic drugmaker Akorn posted new 52-week lows Friday.
US Oil Rig Count Tumbles by 10, Boosting Prices Already Spurred by OPEC Cuts
The number of U.S. land-based rigs drilling for oil tumbled by 10 this week while natural gas rigs increased by nine. Prices for both energy commodities are sharply higher Friday.
US Consumers Owe $1.17 Trillion in Car Loans
U.S. consumers currently owe $1.17 trillion in car loans but the pace of year over year growth has slowed, according to the latest data from credit-reporting agency Experian.
OPEC and Partners Agree to 1.2 Million Barrel per Day Production Cut
OPEC and its partners reportedly have agreed to cut 1.2 million barrels of daily oil production beginning in January and lasting through June 2019. Crude prices are soaring.
Natural Gas Price Firmly Higher Following Inventory Report
The U.S. natural gas stockpile declined by more than 60 billion cubic feet last week, about in the middle of analysts' forecast range. Prices continued their upward climb on expectations of colder weather later…
December Sentiment Index Unchanged, but Consumers Wary
The preliminary consumer sentiment index for December came in unchanged from the final November reading and nearly 2% higher than December 2017. But there's some wariness among consumers about future job prospects.