US Steel, Chico’s FAS Dip into Wednesday’s 52-Week Low Club
Nabors Industries, Chico's FAS, U.S. Steel, and Encana all posted new 52-week lows Wednesday.
All Work
Paul Ausick
What Tiffany’s Results Say About the Luxury Market
The luxury retail market has been struggling for several months now, and today's earnings report from Tiffany underscores the issues. How are luxury retailers going to turn their businesses around?
Crude Oil Price Remains Soft Following 10th Straight Weekly Rise
The U.S. crude oil inventory posted it 10th consecutive weekly rise last week and prices, which had drifted lower Wednesday morning, first dipped lower then steadied.
October New Home Sales Tumble Again, For-Sale Inventory Rises
New home sales in October came in well below economists' consensus estimate, and sales of homes priced under $300,000 accounted for half of the month's total sales volume.
How Much Will Auto Sales Tumble in November?
New car sales for the month of November are forecast to be lower year over year and month over month, according to estimates from two industry analyst firms.
Short Interest in 3D Printing Stocks Seeks Direction
Short interest in 3D printer makers was mixed in the two-week reporting period that ended November 15.
Mortgage Applications Post Surprising Rise, Loan Rate Moves Mixed
Mortgage applications rose by more than 5% in the Thanksgiving holiday-shortened week. Mortgage loan rates have remained steady just below 5% on 30-year conventional mortgages.
Short Sellers Retreat From Most Solar, Alt Energy Stocks
Short interest in alternative and solar energy stocks mostly dropped in the first two weeks of November compared to the prior two-week reporting period that ended October 31.
Losses From California Wildfires Could Reach $19 Billion
History's most destructive and deadliest of California wildfires, the Camp Fire, was fully contained on Monday. Property losses from the fire and the Woolsey fire in southern California could reach $19 billion.
November Consumer Confidence Dipped From 18-Year High
The Conference Board's consumer confidence index dipped in November from an 18-year high posted in October. Consumers expect the U.S. economy to slow down in the coming months.
September Home Price Increases Continue Slowing Down
The pace of home price growth slowed again in September according to the S&P CoreLogic Case-Shiller Home Price Index released Tuesday.
Hub Price for Permian Basin Natural Gas Briefly Turned Negative Monday
The price for natural gas fell below zero on Monday for Permian Basin producers sending gas to a regional hub. Pipelines to transport the gas have reached capacity, and the problem won't go away…
Why United Technologies Finds That Breaking Up Is Not So Hard to Do
Industrial conglomerate United Technologies announced late Monday that it is splitting itself into three companies. The separation is expected to be tax-free to investors and be completed in 2020.
Altria, General Electric Slip into Monday’s 52-Week Low Club
General Electric, Altria Group, AK Steel, and Devon Energy all posted new 52-week lows Monday.
Microsoft Catching Apple as World’s Most Valuable Company by Market Cap
Since October, shares of both companies have declined in value, but the drop in Apple stock has been far steeper than the drop in Microsoft shares.
Saudi Oil Production at Record High, Raising Likelihood of Cuts
What might happen at the OPEC meeting next week could be decided this week at the G-20 meeting in Brazil.
GM Makes It Official: 5 North American Plants, 6,300 Jobs Are Gone
GM has announced that five North American plants and two unnamed global facilities will not be designated to build any new products after 2019, effectively closing the plants and costing some 6,300 jobs in…
Millennials and the Economy: Moving Out and Moving On
In the two years between 2016 and 2018, more millennials are moving out of their parents' homes, buying their own homes and getting married and starting families.
GM Reported Ready to Close Canadian Plant, Fire 2,800 Workers
GM is reportedly set to shut down its assembly plant in Oshawa, Ontario, at the end of next year. The plant employs about 2,800 workers of whom some 2,200 are represented by the country's…
Crude Oil Dives Again Under Weight of Politics
Crude oil traded down about 7% Friday morning as it appears to be getting clearer that the Saudis have succumbed to demands from President Trump to leave oil supplies alone, guaranteeing that supply will…