Blue Apron, Realogy Fade into Wednesday’s 52-Week Low Club
Realogy, Government Properties, Blue Apron, and Olin all posted new 52-week lows Wednesday.
All Work
Paul Ausick
JPMorgan, Goldman Sachs Lift the Dow Wednesday
Goldman Sachs, JPMorgan, Chevron, and Caterpillar boosted the Dow to decent gain on Wednesday.
Permian Basin Driller Files for IPO
Riley Exploration, an independent oil and gas producer in the Permian Basin, has filed for an IPO to raise $115 million. The company was formed in June of 2016 and currently produces more than…
Why Do Married Men Earn So Much More Than Everyone Else?
The wage gap between men and women is well-established. But new research suggests that one group of men earn substantially more than everyone else.
What Will AutoNation Focus on in CEO Search?
After a 20-year run as CEO, AutoNation's Mike Jackson will become the company's executive board chair once the board settles on a successor.
Crude Oil Price Steady Following Inventory Report
The U.S. stockpile of crude oil dropped by 2.1 million barrels last week and the gasoline inventory fell by 1.7 million barrels. Increased exports of both contributed to both declines.
August Housing Starts Up Sharply, Permits Tumble
Housing starts rose sharply in August according to the Census Bureau. The less-good news is that new building permits dropped sharply as well. Because these data are notoriously volatile and subject to revision, today's…
Pot Grower Tilray Still Zooming
After a day when shares popped 30%, Canadian marijuana grower Tilray is seeing its stock jump more than 45% again in premarket trading Wednesday.
Summer Car Sales in Europe Soar, Jeep Sales Rise 160%
New car registrations soared in the European Union in the months of July and August according to data reported Wednesday morning by the ACEA.
Mortgage Applications Rise Slightly, Loan Rates Continue Climbing
Applications for new mortgages rose slightly week over week as mortgage interest rates continue to march higher. According to the Mortgage Bankers Association, a 30-year fixed rate conforming loan reached a seven-year high last…
News Corp., JD.com Slink into Tuesday’s 52-Week Low Club
JD.com, Government Properties, News Corp., and Scientific Games all posted new 52-week lows Tuesday.
Nike, Boeing Dominate the Dow Tuesday
Nike, Boeing, Intel, and Caterpillar were the Dow's leading gainers Tuesday.
Tesla Confirms DOJ Probe into Musk Comments
Tesla shares dropped about 7% Tuesday morning following a report that the U.S. Justice Department was investigating comments by CEO Elon Musk related to taking the company private.
A 6-Month Road Map for Tesla
By Gene Munster and Will Thompson of Loup Ventures We remain positive on the Tesla story, given our view that near-term results (Sep-18 and Dec-18) will likely ease investor concerns regarding cash. Longer-term, talent…
US Shale Oil Production to Rise by 79,000 Barrels a Day in October
The U.S. Energy Information Administration reported Monday that crude oil production is expected to reach nearly 7.6 million barrels a day in seven major onshore shale basins. That's more than 1.5 million barrels a…
World’s Most Valuable Publicly Traded Oil Companies
The world consumed nearly 98.5 million barrels of oil every day in 2017. This year the U.S. Energy Information Administration (EIA) projects that consumption will rise to 100.2 million barrels a day. The average…
Plenty of Americans Willing to Bank With Amazon
A new survey indicates that there would be plenty of Americans willing to do their basic banking with Amazon. Nearly two-thirds of Amazon Prime members said they would sign up.
Business Leaders Want Changes in China Trade, Just Not Trump’s Tariffs
The CEOs who make up the Business Roundtable issued a statement on Tuesday urging the president to take a different approach to the administration's desire redress the imbalances in U.S.-China trade.
September Homebuilder Confidence Remains Solid, Lumber Prices Pull Back
The National Association of Home Builders reported that builder confidence remained at a solid level in September. Declining lumber prices are helping, but rising interest rates and labor shortages are still a problem.
Plenty of Americans Willing to Bank With Amazon
A new survey indicates that there would be plenty of Americans willing to do their basic banking with Amazon. Nearly two-thirds of Amazon Prime members said they would sign up.