Applied Materials, L Brands Slip into Friday’s 52-Week Low Club
L Brands, Groupo Supervaille, Vipshop, and Applied Materials all posted new 52-week lows Friday.
All Work
Paul Ausick
Intel, DowDuPont Boost the Dow Friday
DowDuPont, Intel, Visa, and 3M were among the leading gainers on the Dow Friday.
US Oil Rig Count Drops by 9, Crude on Track for 6% Weekly Gain
The number of U.S. land-based oil rigs dropped by 9 this week and 4 land-based natural gas rigs were also idled. The decline had only a minor effect on spot crude prices.
The Safest Level of Drinking Alcohol: None
Results of a new study on the effects of alcohol use conclude that the safest level of drinking is none. Alcohol use, the researchers say, contributes to health loss from many causes and exacts…
Enbridge Raises All-Stock Offer for Spectra to $3.3 Billion
Canada-based Enbridge has raised its offer to acquire the outstanding shares of Spectra Energy Partners that Enbridge does not already own in a transaction the company says gives the combined firm better access to…
Up to 3 Million Affected by T-Mobile Data Breach
Late Thursday, T-Mobile posted a notice that it had shut down an attack on its customer information and said that it would begin notifying customers whose personal information may have been exposed.
World’s First Blockchain-Managed Bond Launched
The World Bank has launched the first offering of a blockchain managed bond for sale to the general public. The Australian two-year bond has a coupon of 2.251% and is AAA rated.
New Evidence That Losing Your Job Is Even More Stressful for Black Americans
Losing a job is a stressful event for anyone but the impact of short-term unemployment on African-Americans takes a harsher toll on mental health than it does for white Americans.
Few Ways Around App Store, More Around Google Play
Two of the iPhone's most popular app makers are testing ways to get around paying Apple for new in-app subscription purchases. Gene Munster of Loup Ventures discusses how that could affect Apple's revenue.
L Brands, Iamgold Tumble into Thursday’s 52-Week Low Club
Victoria's Secret parent L Brands, Lannet, Iamgold, and Tahoe Resources all posted new 52-week lows Thursday.
Caterpillar, Exxon Sink the Dow Thursday
Caterpillar, Exxon Mobil, Goldman Sachs, and McDonald's led the sinking Dow Thursday.
Wessel’s Economic Update: Are Trump’s Tariffs Hurting the US Economy?
Brookings Institution senior fellow David Wessel examines possible effects of the Trump tariffs on the U.S. economy.
SEC Rejects Bitcoin ETFs for Inability to Prevent Fraud and Manipulation
The SEC has rejected proposals for nine bitcoin-backed ETFs. It said the funds fail to meet rules designed to protect investors against fraud and manipulation.
July New Home Sales Drop as Prices Jump
New home sales fell month over month in July by 1.7% although they remain 12.8% above July 2018 sales. The U.S. Census Bureau reported the data Wednesday, noting a median sales price of $328,700…
Natural Gas Price Higher on Smaller-Than-Expected Storage Increase
The amount of natural gas in U.S. inventories rose by 48 billion cubic feet last week but remains about 20% below last year's level and the five-year average level for this time of year.
Hurricane Lane Threatens $8 Billion in Damage to Hawaii
As Hurricane Lane bears down on the Hawaiian island of Oahu, analysts at CoreLogic estimate that more than $8 billion in property is at risk of heavy damage from the storm.
Car Ownership Becoming Less Important Than Mobility
A recent survey by auto industry research firm Cox Automotive notes the beginning of a shift in U.S. consumer preferences away from car ownership and toward mobility options.
Will Worries About Phone Overuse Hurt Apple?
A recent survey of U.S. teen smartphone users and their parents indicates that both groups agree that they may be spending too much time on their phones. Now what?
Super Micro, Sears Slide into Wednesday’s 52-Week Low Club
Super Micro Computer, Sears, New Age Beverage, and Telefônica Brasil all posted new 52-week lows Wednesday.
United Technologies, Travelers Weigh on the Dow Wednesday
United Technologies, Travelers, Verizon, and Intel weighed most heavily on the Dow Wednesday.