Will Boeing Be First With Hypersonic Plane?
Boeing revealed a concept drawing on Tuesday of a hypersonic passenger plane capable of speeds in excess of Mach 5, or five times the speed of sound.
All Work
Paul Ausick
Mortgage Loan Rates Made Mixed Moves as Applications Fell 5% Last Week
Applications for new mortgages fell by about 5% last week according to the Mortgage Bankers Association. Mortgage loan rate changes were mixed on small moves.
Short Sellers High on Solar Stocks, Mixed on Alt Energy
Short interest in solar stocks rose sharply in the two-week reporting period that ended June 15. Short sellers who had the positions scored a big win.
Starbucks, MGM Resorts Slink into Tuesday’s 52-Week Low Club
Ambev, Starbucks, MGM Resorts, and Achaogen all posted new 52-week lows Tuesday.
Apple, Chevron Push the Dow Higher Tuesday
Apple, Chevron, Exxon, and Visa were clustered at the top of the Dow stocks that posted gains Tuesday.
CBO Projects US Debt Repayment to Exceed Social Security Spending by 2048
The Congressional Budget Office Tuesday projected that U.S. debt repayment will equal Social Security spending by 2048.
Will Amazon Deal Drive American Express Volume Past Mastercard?
Amazon and American Express have teamed up to offer a co-branded credit card to small business customers. Amex is pushing hard to regain its second-place purchase volume ranking among the four major credit card…
After GE to Sheds Divisions, Shrinks Revenues, What’s Left?
GE announced Tuesday the results of its months-long review of its businesses. The industrial giant will reduce the number of operating divisions from eight to four, becoming both smaller and, it hopes, more agile.
April Home Prices Continue Upward Trend
The Case-Shiller national house price index rose 6.4% month over month in April, a tick less than the 6.5% month-over-month growth in March.
Latest Tariff Problem, China Markets Take Pounding
China's Shanghai exchange fell into bear territory Tuesday, another signal that the government's efforts to manage the economy are not having their intended effect. Can China withstand an all-out trade war with the United…
Lee Enterprises Stock Soars on Deal to Manage Berkshire Hathaway Media
Berkshire Hathaway has signed a management agreement with Lee Enterprises under which Lee will manage 30 of Berkshire's newspaper and related digital properties.
How Homebuilder Lennar Crushed Estimates
Homebuilder Lennar reported second-quarter results before markets opened Tuesday. Revenues soared due to an acquisition closed in February, but prices rose sharply and buyer incentives fell.
Carnival, Starbucks Topple into Monday’s 52-Week Low Club
Helios and Matheson, Carnival Cruises, MGM Resorts, and Starbucks all posted new 52-week lows Monday.
Intel, Caterpillar Sink the Dow Monday
Visa, Intel, McDonald's, and Caterpillar weighed heavily on the Dow Monday. This was also the last day that GE stock will be included among the 30 equities that constitute the Dow.
Epilepsy Treatment Derived From Marijuana Approved for US Sales
GW Pharmaceuticals on Monday received approval from the U.S. FDA for its epilepsy drug derived from the marijuana plant. This is the first drug of its kind to receive FDA approval.
US Gas Price Continues Sliding After OPEC Meeting
U.S. pump prices for a gallon of regular gas continued their decline this week following a week of speculation about the outcome of last Friday's OPEC meeting. With luck, prices won't climb ahead of…
Texas Economic Growth Slowing as Prices, Wages Rise
The Dallas Fed published its June manufacturing report Monday morning. The state's manufacturing activity continues to rise but at a slower pace.
May New Home Sales Bounce Back on Sales of Lower-Priced Homes
The U.S. Census Bureau and the Department of Housing and Urban Development reported Monday morning that sales of new homes in May rose more than expected.
Whole Foods Rolls Out Savings to Amazon Prime Members in Every State
Amazon is rolling out its discount pricing program at Whole Foods Markets to all U.S. Prime subscribers. The new benefit becomes effective Wednesday.
New Research Raises Questions About Cryptocurrency’s Economic Value
New research from economics professor Eric Budish warns that attacks against cryptocurrencies may become more likely as the value of the currencies rises. This has serious implications for crypto investors.