June New Home Sales Slide, May Sales Revised Down as Well
New residential sales declined month over month in June, even with a big reduction in the original estimate for May sales. For-sale inventory levels did rise, however.
All Work
Paul Ausick
Crude Oil Price Jumps on Large Inventory Drawdown
The U.S. crude oil stockpile fell by more than 6 million barrels last week, more than double the expected drop. Gasoline inventories also posted a much larger-than-expected drop.
GM Earnings Can’t Ease Worries on Rising Costs
GM reported second-quarter earnings and revenues this morning that were better than expected, but investors did not like what they heard about rising costs and lowered EPS guidance.
Why Boeing Earnings Weren’t Enough for Investors
Boeing posted better-than-expected profits and revenue Wednesday morning, but investors were not impressed. Cost issues could be coming and the threat of Chinese retaliatory tariffs remains.
Mortgage Loan Rates Mixed, Applications Dipped Slightly Last Week
The Mortgage Bankers Association reported Wednesday morning that applications for new mortgages slipped by less than 1% last week. Mortgage rate movements were mixed.
Fiat Chrysler’s Former CEO, Sergio Marchionne, Has Died
Sergio Marchionne, who headed Fiat and later Fiat Chrysler for the past 14 years, has died at the age of 66.
Short Interest in 3D Printing Stocks Remains Indifferent
Short interest in 3D printing stocks dropped on most of the sector's stock that we track. Volume also slipped.
Short Interest Falling in Solar, Alt Energy Stocks
Short interest for the first two weeks of July fell on most renewable energy stocks. Two of three solar stocks saw declines and all four alt energy stocks also saw declines.
Whirlpool, JetBlue Tumble into Tuesday’s 52-Week Low Club
JetBlue, Whirlpool, eBay, and 3M all posted new 52-week lows Tuesday.
United Technologies, Chevron Juice the Dow Tuesday
United Technologies, Chevron, Exxon Mobil, and Johnson & Johnson posted the Dow's biggest daily gains Tuesday.
What to Expect From Boeing Earnings
When Boeing reports second-quarter results before the bell Wednesday morning, analysts are looking for sharp increases in earnings and revenue. Boeing is not expected to disappoint.
Inflation Rate in Venezuela at 1 Million Percent
Venezuela's inflation is pegged to hit 1,000,000% this year according to the IMF. That's in the same league as German inflation in the 1920s and Zimbabwean inflation in the first decade of this century.
Pipeline MLPs Get a Reprieve on Taxes
A proposed rule on tax collections and payments last March threatened the vitality, if not the existence, of the pipeline infrastructure companies organized as master limited partnerships. The companies caught a break last week.
Amazon Prime Now Expands to 24 Cities
Amazon has added several new cities to is Prime Now delivery service from Whole Foods stores. The company plans to roll out the service in more cities across the United States this year.
City Budgets in an Era of Increased Uncertainty: Understanding the Fiscal Policy Space of Cities
A paper by Michael Pagano and Christopher Hoene for the Brookings Institution reviews the effects on city budgets affected by cuts in the federal budget and how cities might cope with those effects.
Google Earnings: AI Starting to Move the Needle
Loup Ventures analyst Gene Munster reviews Google's second-quarter earnings release with a focus on what the company had to say about artificial intelligence.
Why United Technologies Earnings Lifted the Dow Tuesday
United Technologies reported better-than-expected second-quarter earnings and revenue Tuesday morning. The company also boosted its EPS and revenue guidance.
Papa John’s, eBay Drop into Monday’s 52-Week Low Club
AT&T, eBay, Papa John's, and Illinois Tool Works all posted new 52-week lows Monday.
3M Traded Down, JPMorgan Up to Keep the Dow Flat Monday
3M and Visa dragged on the Dow Monday, while JPMorgan and Microsoft tried to give the index a lift.
US Gas Price Dips to Summer Low This Week
The national average price for a gallon of regular gas fell by more than four cents this week according to GasBuddy. That's the lowest price since May.