CoreLogic May Home Price Index Jumps More Than 7%
Home prices rose more than 1% month over month and more than 7% year over year in May according to the latest report from CoreLogic. Low inventory levels continue to bedevil first-time buyers.
All Work
Paul Ausick
How Futures Trading Put an End to Bitcoin’s Skyrocketing Price
The meteoric rise of bitcoin prices in the second half of 2017 ended abruptly with the introduction of futures contracts in mid-December. That was predictable according to U.S. and Japanese researchers.
Ambev, Ceasars Drop into Monday’s 52-Week Low Club
Ambev, MiMedx, Ceasars Entertainment, and Carnival all posted new 52-week lows Monday.
Walmart, Nike Weigh on the Dow Monday
Walmart, Nike, Chevron, and Exxon were the Dow's worst performing stocks on Monday.
Bitcoin ATMs at a Location Near You
Bitcoin ATMs are popping up across the United States, mostly in low-income neighborhoods. Is this a benefit for low-income residents who don't have bank accounts or something else?
US Gas Price Remains Steady as Holiday Week Begins
Gas prices started the holiday week unchanged at around $2.85 a gallon for regular gas. The break U.S. drivers have had from rising pump prices is likely about to end soon, according to GasBuddy.
Minimum Wage Rises in Several Jurisdictions
The minimum wage rate rose this morning in two states, the District of Columbia, and 15 local jurisdictions. The federal minimum has not been raised since 2009.
MoviePass Owner Registers $1.2 Billion in New Stock, Debt
The company that controls MoviePass has filed a shelf registration to sell equity or debt valued at up to $1.2 billion over the next three years. That's optimism for a stock that's dropped 99%…
US New Construction Spending Inched Higher in May
U.S. spending on new construction rose month over month in May and is up 4.5% year over year. Private spending on residential construction is up 6.4% year over year.
Trump, Saudis Weaponize Oil
The OPEC agreement reached last month to raise crude oil production was likely a pro forma deal arranged months before when the United States pulled out of the nuclear deal with Iran.
Dell Comes Public in Reverse Merger With VMware Tracking Stock
Dell is offering to buy out holders of its Class V shares in a reverse merger that would bring the PC maker back to the public markets.
IPO News This Week: Market Takes a Holiday After Record Week
Last week set a record for IPOs on the two major U.S. exchanges. The second-quarter of 2018 also ended last week with the highest total of new IPOs in four years.
Colorado Cannabis Firm Files for IPO — in Canada
A Colorado company that grows and makes cannabidiol products from industrial hemp has filed for an IPO on the Canadian Stock Exchange. The company is already posting sales and profit growth and expects that…
The 10 Most Expensive US Neighborhoods
On average, the most expensive places in the world to live are Monaco, Singapore, and New York City. But you know what they say about averages: if you and Bill Gates (net worth of…
Nike Zooms to Rank as Dow’s Top-Performing Stock
Dow component Nike surged by about 11% on Friday to take over as the top-performing Dow stock for the first half of 2018. Less than half of the 30 Dow stocks were able to…
Walgreens Replaces GE — as Year’s Worst-Performing Dow Stock
In addition to taking GE's place on the Dow Jones Industrials index, Walgreens also took over its rank as the worst-performing Dow stock of the year to date.
Community Health, Frontier Communications Dive Friday’s 52-Week Low Club
Community Health, Frontier Communications, Liberty Global and BRFS all posted new 52-week lows Friday.
Nike, Exxon Drive the Dow Higher Friday
Nike, Exxon, American Express, and Intel were the Dow's leading gainers on Friday.
US Oil Rig Count Dips Again, Prices Little Changed
The U.S. land-based rig count dropped by 5 this week on top of a decline of 7 in the prior week. The lower number is helping keep the price moving higher.
Bitcoin Sinks to Under $6,000
Bellwether cryptocurrency bitcoin closed trading Thursday at less than $6,000 for the first time since mid-November of last year.