Will 3 Million Subscribers Save MoviePass?
Movie theater subscription service MoviePass said this week that it has more than 3 million subscribers and expects 5 million by the end of the year. But investors seem to think that more subscribers…
All Work
Paul Ausick
Harmony Gold, MiMedx Slink into Thursday’s 52-Week Low Club
Harmony Gold, MiMedx Group, Berry Group, and Parker Drilling all set new or matched existing 52-week lows Thursday.
General Electric, JPMorgan Weaken the Dow Thursday
General Electric, JPMorgan, Merck, and Coca-Cola weighed on the Dow Thursday.
US Commodities Regulator Meets Cryptocoin Issuer in Court
A federal district judge in Massachusetts will hear a case beginning Thursday on alleged fraud and misappropriation of $6 million against a cryptocurrency issuer. The defence argument goes to the question of whether the…
10 Best Bargains on Almost-New Cars
Americans in the market for a used car can track down some pretty sweet deals on vehicles that depreciate faster than average. Here are the 10 best values buyers in the market for an…
Natural Gas Price Slips on Large Build to Stockpiles
U.S. natural gas stockpiles rose slightly more than expected last week and the larger injections sent wellhead prices down a few cents per million BTUs. Demand is not expected to rise beyond the moderate…
Retail Spending Soars in May: Census Bureau
The Census Bureau reported Thursday that year-over-year retail sales soared nearly 6% in May. With only a couple of exceptions, sales in every category rose last month.
Continuing Jobless Claims at 44-year Low
New claims for unemployment benefits fell more than expected last week in more good news for the U.S. economy. Continuing claims reached their lowest level in more than 44 years.
ECB Leaves Interest Rate Alone, Says Asset Purchase Program to End This Year
In Riga, Latvia, this morning, the European Central Bank announced that it will leave its 0% interest rate unchanged. The bank also said it will begin winding down is asset purchase program in September…
US Senate Committee OKs Hemp, Moves on for Full Senate Vote
Provisions legalizing industrial hemp farming were inserted in the 2018 Farm Bill now being debated in Congress. The provisions have one very important friend in high places.
H&R Block, Avon Products Dive Wednesday’s 52-Week Low Club
H&R Block, Avon Products, Harmony Gold, and Vodafone all posted new or matched recent 52-week lows Wednesday.
Verizon, Caterpillar Sink the Dow Wednesday
Verizon, Caterpillar, Boeing, and DowDuPont were the big losers among the Dow stocks Wednesday.
FOMC Boosts Funds Rate by an Expected Quarter Point
The Fed's FOMC voted unanimously Wednesday to raise the Fed funds rate by one-quarter point to a new range of 1.75% to 2%. The committee also sees core inflation rising slowly to 2.1% next…
Tesla Reorg: Aligning Profit and Vision
Gene Munster of Loup Ventures comments on the restructuring at Tesla and how it affects the company going forward.
Was There Some Funny Business Going On When Bitcoin Prices Soared?
Two researchers at the University of Texas have found "substantial support" for the belief that price manipulation may be the cause of significant distortion in cryptocurrency markets.
Crude Oil Price Up as Petroleum Inventories Take a Surprise Dive
U.S. petroleum inventories unexpectedly fell last week according to the lates Energy Information Administration report. Prices rose somewhat but have pulled back to just 10 cents above last night's settlement price.
One Thing Tesla Doesn’t Have To Worry About: Chevy Bolt Sales
When the Chevy Bolt hit the market in early 2017 it had about a six-month lead on the Tesla Model 3. But Bolt sales have dropped sharply and it's not altogether down to the…
Oil Market To Be ‘Finely Balanced’ in 2019: IEA
The International Energy Agency (IEA) sees both supply of and demand for crude oil rising both this year and into 2019. Given sanctions against Iranian exports and Venezuelan production declines, supply and demand are…
Mortgage Loan Rates Move Higher, Applications Drop
Mortgage loan rates moved higher last week and applications for new mortgages dropped. Applications for refinancing remained unchanged at more than a third of all new mortgage loan applications.
Avon Products, Globalstar Drop into Tuesday’s 52-Week Low Club
Globalstar, Harmony Gold, Avon Products, and New Gold all posted new 52-week lows Tuesday.