Verizon, JPMorgan Weigh on the Dow Tuesday
Verizon, JPMorgan, Travelers, and Goldman Sachs were among the biggest losers on the Dow index Tuesday.
All Work
Paul Ausick
Tesla to Slash 9% of Employees, None from Production
Tesla CEO Elon Musk has sent a memo to all company employees announcing a staff cut of 9%, about 4,100 jobs based on Tesla's most recent headcount.
U.S. Mortgage Delinquencies Decline in March, but Quadruple in Puerto Rico
The percentage of U.S. homeowners with mortgages more than 30 days past due dipped slightly to 4.3% in March. The areas hit hardest by last year's hurricanes continue to struggle.
Cost of Trump Tariffs: At Least 1 Million Car Sales Annually
If the U.S. imposes a threatened 25% tariff on cars imported into the country, sales of the cars will likely fall sharply. Not all those sales would go to new U.S.-built cars either.
Short Sellers Mixed on Solar Stocks, but Are Betting Against Alt Energy
Short interest was mixed on both solar and alt energy stocks in the two-week period that ended May 31. The trend, however, is toward more short selling.
The 6 Most Shorted NYSE Stocks
Short interest in NYSE-traded shares was mixed in the two-week reporting period with a few stocks getting significant drops and most seeing small gains.
The 6 Most Shorted Nasdaq Stocks
The two most-shorted Nasdaq stocks held onto their positions in the short-interest reporting period that ended on May 31. There was one big mover in an otherwise mostly calm two weeks.
May’s Small Business Optimism Index Is Second-Highest Ever
The National Federation of Small Business' optimism index in May reached its second-highest level since such data was first reported in 1973. It's the second time this year the index has come close to…
Adient, Harmony Gold Sink into Monday’s 52-Week Low Club
Harmony Gold, Adient, Globalstar, and Duke Energy all posted new 52-week lows Monday.
UnitedHealth, Chevron Buoy the Dow Monday
UnitedHealth, Chevron, Caterpillar, and Home Depot were the big gainers on the Dow Monday.
Was Bitcoin’s Weekend Plunge Caused by a Hack?
Digital currency Bitcoin dropped about 10% of its value over trading this past weekend following a reported attack on a South Korean cryptocurrency exchange.
Tesla to Offer First ‘Full Self-Driving Features’ in August
In a tweet Sunday, Tesla CEO Elon Musk indicated that fully autonomous driving features would be part of an August release of updated Autopilot software. What does that really mean?
US Government Panel OKs Genworth Sale to China’s Oceanwide Group
A Chinese conglomerate has received approval from a U.S. government committee to acquire insurer Genworth Financial for $2.7 billion. This is an important, but not final, step in closing the deal.
139 NYC Taxi Medallions Available in Bankruptcy Auction
As many as 139 New York City taxi medallions may be sold later this month in a bankruptcy auction. The rise of ride-hailing services like Uber and Lyft have slashed the value of the…
VPNFilter Malware More Dangerous Than First Reported
Malware known as VPNFilter was first reported in late May to have infected some 500,000 routers and network storage devices. The list was expanded last week and home and office users are being warned…
North Korea: Country and Military by the Numbers
Tuesday's historic meeting betwee U.S. President Donald Trump and North Korean President Kim Jong-un is expected to be brief and largely symbolic. That doesn't mean it's not important.
IPO News This Week: 7 Offerings on the Calendar Seeking $1.4 Billion
The IPO trickle so far in June is surging this week. Seven companies are scheduled to tap the capital markets for $1.4 billion in new funding.
Amazon’s Chinese Contract Manufacturer Faulted for Worker Treatment
The Chinese plant that builds consumer electronics products for Amazon has been criticized by a labor watchdog group for the treatment of the plant's workers.
US Cities with the Most Home Listings under $100,000
Home buyers on a really tight budget might be able to find a home selling for less than $100,000 in many cities, including some of the nation's largest. But the search won't be easy.
Trump Likely to Support End to Federal Ban on Marijuana
In a comment to reporters as he was leaving for the G-7 meeting Friday, Trump said that he supports a bill introduced by Senator Cory Gardner that lifts federal restrictions on marijuana possession and…