Boeing, Apple Prop Up the Dow Wednesday
Caterpillar, Boeing, Apple, and Intel kept the Dow in the green Thursday following a late afternoon drop in equities prices.
All Work
Paul Ausick
Holiday Season Sales to Rise More Than 4%
The National Retail Federation said Wednesday that it expects holiday season shopping to rise by 4.3% to 4.8% over 2017 spending. That's higher than the five-year average, but less than last year's jump.
September Auto Sales Weren’t So Bad — In Fact, They Were Darn Good
September new car sales were considerably better than the year-over-year comparisons made them look. Sales may beging inching down, but they haven't yet.
Crude Oil Price Drops, Bounces Following Inventory Report
The U.S. Energy Information Administration reported Wednesday morning that U.S. commercial crude oil inventories rose by 8 million barrels last week, the highest weekly rise of the year so far.
Model 3 Takes Measurable Step Forward in Production
Loup Ventures analysts Gene Munster and Will Thompson write that Tesla will likely cash flow positive in Q3 and may even be slightly profitable.
Honda to Invest $2.75 Billion in GM’s Cruise
Honda has announced an investment of $2.75 billion in GM's Cruise autonomous vehicle business. Including a $2.25 billion investment earlier this year by Softbank, GM Cruise is now valued at around $14.6 billion.
Shopping Mall Rents Falling Ahead of Holiday Shopping Season
Shopping mall vacancy rates have reached multiyear highs and mall rents are sliding ahead of the annual holiday shopping season. Is anyone surprised?
Mortgage Applications Steady, Loan Rates Tick Higher
Applications for new mortgages did not change last week and mortgage rates made only modest moves. Those moves, however, took several types of mortgage loans to multi-year highs.
Saudi Arabia, Russia Agreed Last Month to Raise Output: Reuters
Saudi Arabia and Russia had already agreed to increase oil production ahead of the OPEC ministers meeting on September 23 in Algiers. The increase was never announced, but it appears to be happening anyway.
Snap, Rite Aid Wallow in Tuesday’s 52-Week Low Club
Lloyd's Bank, Snap, Rite Aid, and Vodafone all posted new 52-week lows Tuesday.
Intel, Caterpillar Buoy the Dow Tuesday
Intel, Caterpillar, 3M, and Walgreens led the rise in the Dow index Tuesday.
Costco Auto Program, GM Kick Off Holiday Sale Pricing
Costco Auto Program and GM launched their annual holiday pricing event Tuesday. Between now and January 2, 2019, Costco members are eligible for special pricing on model year 2018 and 2019 GM vehicles.
CoreLogic August Home Price Index Rises Least in Nearly 2 Years
August home prices rose at their slowest pace in nearly two years according to the latest report from CoreLogic. The year-over-year gain was 5.5%, well below the July increase of 6.2%.
Ford F-Series Dominates Pickup Market
Ford's best-selling F-Series pickups continue to dominate U.S. sales totals, both for the month of September and for the first nine months of 2018. Both Nissan and Toyota reported strong sales of midsize pickups.
GM Reports Q3 Sales Down 11%
GM reported third-quarter sales results this morning that were 11% below the level of 2017 third-quarter sales. Sales of full-size pickups dropped while SUV sales were higher.
Jeep, Ram Lift Fiat Chrysler’s September Sales 15%
Fiat Chrysler reported a year-over-year sales increase of 15% in September and the highest level of total sales since 2000. Jeep and Ram brands led the charge.
Ford Sales Plunge 11% in September on Tough Comparison
Ford's September sales dropped 11% year over year. The company attributes the decline to the unusually high sales in September 2017 from Americans replacing cars damaged and destroyed by Hurricane Harvey.
Amazon Boosts Minimum Pay to $15 an Hour
Amazon announced Tuesday morning that the company is raising its minimum wage for all U.S. employees to a minimum of $15 an hour. The change takes effect November 1. Some would say it's about…
Mazda to Revive Rotary Engine in New Electric Models
Mazda has announced plans to add some form of electrification to most of the cars it produces by 2030. To help meet that goal, it plans to revive its rotary engine as a range-extender…
Snap, Akorn Dive into Monday’s 52-Week Low Club
Akorn, Snap, Lloyd's Bank, and Rite Aid all posted new 52-week lows Monday.