First Take: Senate Hearing
Loup Ventures analyst Gene Munster reviews the appearances Wednesday of Facebook COO Sheryl Sandberg and Twitter CEO Jack Dorsey at a Senate committee hearing.
All Work
Paul Ausick
Boeing’s Investor Day Charm Offensive Doesn’t Convince Some Analysts
Boeing's Wednesday investor day show was more buttoned up than in previous years. The company is struggling with deliveries of its 737 due to slow deliveries from suppliers. Two analysts wonder whether Boeing can…
August Job Losses Third-Worst of 2018, Manufacturing Hit Hardest
Outplacement firm Challenger, Gray & Christmas reported Thursday that announced August job cuts were 42% higher than the same month last year. Manufacturing jobs were especially hard-hit during the month.
Ford, Snap Stagger into Wednesday’s 52-Week Low Club
JD.com, Alibaba, Snap, and Ford all posted new 52-week lows Wednesday.
Visa, Microsoft Hold Back the Dow Wednesday
Trading in the Dow 30 stocks was essentially flat Wednesday with Visa and Microsoft the leading losers while Caterpillar and Johnson & Johnson gained the most.
The Hutchins Center Explains: The Phillips Curve
With inflation continuing to run at a low rate and unemployment also at multi-decade lows, a well-known economic indicator--the Phillips Curve--works its way into many stories about today's economy. Here's what that means.
Amazon Ups Order of Mercedes-Benz Vans From New South Carolina Plant
Mercedes-Benz officially opened its South Carolina van production facility along with an order from Amazon for 20,000 of its Sprinter delivery vans.
Snap Releases New Spectacles While Stock Tanks
Social media--and camera--company Snap today launched a new edition of its Spectacles camera glasses. The company's share price has been sinking, and if first reactions mean anything, these new glasses are not impressing investors.
All-Electric Luxury SUV From Mercedes-Benz Another Challenge to Tesla
Mercedes-Benz introduced Tuesday the first in its line of all-electric EQ cars at a Swiss auto show. This is the fourth luxury carmaker to take aim at Tesla's high-end Model S and second-generation Roadster.
Toyota Recalls 1 Million Prius Cars
Toyota has issued a voluntary recall for more than a million of its Prius vehicles, including nearly 200,000 in the United States, to repair a potential problem in the car's electrical system that may…
Comparing Fake Account Detection on Facebook and Twitter
Analysts at Loup Ventures tested how both Facebook and Twitter detect and deal with fake accounts. Representatives of the two social media giants will be testifying in the U.S. Senate today.
Amazon Flywheel Moving at Full Speed
Amazon's market cap briefly topped $1 trillion Tuesday, and Loup Ventures analyst Gene Munster suggests that the visit may result in a second permanent resident in the Trillion Dollar Club.
Mortgage Applications Slip Again, Interest Rates Also Make Small Moves
The Mortgage Bankers Association reported Wednesday morning that applications for new mortgages dipped slightly last week. Interest rates on a 30-year fixed-rate mortgage also moved slightly higher.
Snap, JD.com Slide into Tuesday’s 52-Week Low Club
JD.com, Ambev, Snap, and Itaú Unibanco were among 113 companies that posted new 52-week lows Tuesday.
Nike, Verizon Haul the Dow Lower Tuesday
Nike, Verizon, Walgreens, and Disney weighed on the Dow Tuesday.
US Gas Price Cools As Summer Driving Season Ends
Gasoline dropped by just over a penny in the last week, bringing the summer driving season to a close with an average price since Memorial Day of $2.87 a gallon, the highest pump price…
Transocean Bets on Higher Oil Prices With Acquisition of Deepwater Driller Ocean Rig
Offshore driller Transocean has agreed to acquire Ocean Rig in a transaction valued at $2.7 billion in cash and stock.
US New Construction Spending Inched Higher in July
U.S. spending on new construction reached a seasonally adjusted annual level of $1.3 trillion in July, including a year-over-year increase of 6% in private residential construction.
Ford Dominates August Pickup Sales
Both Ford and Ram posted solid gains in pickup truck sales last month. Sales growth for Ram pickups was about 5-times higher than for the F-Series, but the Ford continues to dominate the U.S.…
Jeep, Ram Push Fiat Chrysler’s August Sales Up 10%
Sales of Fiat Chrysler vehicles rose 10% year over year in August, led by a 20% jump in Jeep-brand sales and an even bigger increase in sales of Ram pickups.