Crude Oil Price Sinking on Large Increase to Inventory
The U.S. commercial crude oil inventory rose by nearly 6 million barrels last week while gasoline inventories rose by nearly 2 million barrels. Falling prices will get no boost from this report.
All Work
Paul Ausick
After Midterms, Marijuana Legalized in 3 More States
Three states passed measures on Tuesday to legalize marijuana for recreational or medicinal use. That brings to 33 the total number of states that now have laws legalizing pot.
Boeing Warns on 737 MAX Sensor Following Indonesian Crash
Following the crash of a Boeing 737 MAX in Indonesia that killed 189 people, the company has issued a bulletin to all operators of the aircraft directing them to follow procedures spelled out in…
Mortgage Applications Hit 4-Year Low as Interest Rates Climb
Applications for new mortgages dropped by 4% week over week according to Wednesday's report from the Mortgage Bankers Association. Interest rates rose on most loan types also rose over the past week.
US 2018 Gasoline Price to Sink by Year-End
In its Short-Term Energy Outlook for November, the U.S. Energy Information Administration forecasts a big drop in gasoline prices by the end of this year and lower average crude oil prices per barrel next…
Holiday Shopping Season Spending Forecast: $1 Trillion
Retail analytics firm eMarketer has raised its forecast for U.S. retail sales during the 2018 holiday shopping season to just over $1 trillion. This marks the first time ever that sales could reach that…
CoreLogic September Home Price Index Maintains Slowing Growth Pace
U.S. home prices rose 5.6% in September compared with the same month a year ago, according to data from CoreLogic released Tuesday.
CVS Earnings, Merger With Aetna Look Good to Investors
CVS reported third-quarter results Tuesday morning that beat estimates on both the top and bottom lines. The company also said it expects to close its acquisition of Aetna by Thanksgiving.
US Colleges Making the Most Money From Application Fees
Millions of American high school students are or will soon be applying to colleges for the fall of 2019. More than 80% of colleges charge application fees and most applicants apply to three or…
Welbilt, Clearside Biomedical Dive into Monday’s 52-Week Low Club
Welbilt, Clearside Medical, American Axle and Hi-Crush all posted new 52-week lows Monday.
IBM, Chevron Lift the Dow Monday
November 5, 2018: Markets opened mixed Monday as the Nasdaq Composite failed to generate any positive sentiment until late in the day. But tech sector stocks underperformed all day and ended up being the…
US Gas Prices Dropped for Fourth Straight Week
U.S. retail gasoline prices have reached their lowest point since April according to weekly data from Gasbuddy. Pump prices fell in 48 states over the last week.
Natural Gas at 12-Month High on Cold Forecast, Short Covering
Natural gas prices are at 12-month highs following a forecast of colder weather coming later this week. Short covering is adding to the boost in both commodity prices and stock prices for major producers.
US Reimposes Iran Sanctions; Crude Prices Move Higher
U.S. sanctions against Iran went into effect today, six months after the Trump administration announced the sanctions. The impact on crude markets has been downgraded over the period, but prices did move a bit…
Verizon Reorganization Splits Wireless Segment
Verizon is splitting its wireless business into two pieces and adding on a bit of the shrinking wireline business to each piece as it looks forward to the 5G network era.
Amazon Adds (Almost) Everyone to Free Shipping List for (Almost) Everything
Amazon announced Monday morning that from now until sometime before Christmas, it will give free shipping to all customers on every order, with no minimum purchase required. Prime members also get a couple of…
IPO News This Week: 2 Firms Seeking $82 Million in New Capital
After a busy post-Labor Day period, the IPO market took a breather last week with just three of five potential offerings actually making it.
3 Reasons Wall St. Killed IBM Stock After Red Hat
Investors have headed for the exits ever since IBM announced its $34 billion acquisition of Red Hat. They are right to be wary.
What’s Driving Merger Mania in the Oil Patch?
In the past week, three deals in the oil patch combined for a total of more than $11 billion, not including debt assumptions. Are there a lot more deals--even smaller ones--to come in the…
IBM Tumbles to the Bottom of Dow Stocks
IBM shares dropped about 7% last week following the company's announcement that it will acquire open-source software firm Red Hat for a cool $34 billion.