Why Trump’s Tariff on Luxury Cars Could Backfire
The president's threat to impose new tariffs on luxury cars made in Germany could hit two German automakers who build cars in the United States and export most of them.
All Work
Paul Ausick
Deutsche Bank, Philip Morris Enter Thursday’s 52-Week Low Club
Deutsche Bank, JD.com, Newell Brands, and Philip Morris International all posted new 52-week lows Thursday.
Caterpillar, Procter & Gamble Weigh on the Dow Thursday
Procter & Gamble, Caterpillar, Verizon, and Walmart were among the biggest Dow losers on Thursday.
United Airlines Battles With Kitchen Workers Over Union Representation
Kitchen workers at United Airlines are seeking union representation but have been stymied so far by the company's response and an unusual delay on the part of the National Mediation Board.
Crude Oil Price Curbs Drop on Surprise Inventory Build
A larger-than-expected decrease to U.S. crude oil stockpiles moderated the drop in crude prices following Thursday's report from the U.S. Energy Information Administration.
Natural Gas Price Rises Following Inventory Report
The U.S. natural gas inventory rose by 96 billion cubic feet last week, slightly less than expected. Gas prices are up about 3.2% on the day as demand is expected to rise as the…
April Pending Home Sales Slide as Inventory Remains Low
Pending sales of existing homes dropped by nearly 2% in April, according to a report Thursday from the National Association of Realtors. Lack of inventory of homes for sale continues to plague would-be buyers…
US Consumers Borrowing at Record Pace to Purchase Vehicles
U.S. consumers paid more for both new and used vehicles in the first quarter of 2018, and they borrowed at record levels to pay for those new cars, trucks and SUVs.
Closing More Stores Won’t Make Sears Losses Look Any Better
A bigger-than-expected loss and the closing of more stores sent Sears stock down sharply Thursday morning.
New Hiring Plans Down by Half
Challenger, Gray & Christmas reported Thursday morning that announced plans for new hires are running nearly 50% behind last year's plans.
Gogo, Tesaro Drop into Wednesday’s 52-Week Low Club
Banco Bradesco, Gogo, Tesaro, and Celldex all posted new 52-week lows Wednesday.
Exxon, Chevron Lift the Dow Wednesday
Exxon, Chevron, Merck, and JPMorgan posted solid gains Wednesday to lead the Dow higher.
Chinese Aircraft Maker Comac Gets Bids for Wide-Body Engines
Reuters has reported that Chinese aircraft maker Comac has received bids from seven aircraft engine manufacturers to supply the power plants for a new widebody passenger jet.
Over $600 Billion in Cryptocurrencies Traded in May
Cryptocurrency trading volume topped $600 billion in May, a massive amount to be sure, but far less than April volume.
Walmart Offers Employees Financial Help to Attend College
Walmart on Wednesday announced a new education program for U.S. employees that will pay most of the costs of getting a post-secondary degree.
GDP Growth Estimate Ticks Down to 2.2% in Revised Reading
The second estimate of first-quarter U.S. GDP growth was revised downward by 0.1 percentage points to 2.2% quarter over quarter.
Did Firearms Sales Hurt Dick’s Sporting Goods Earnings? Evidently Not
Dick's Sporting Goods reported better-than-expected results Wednesday morning and raised guidance. The company's new policies on firearms sales may have had a slight impact on sales, but apparently not on profits.
FCC Wants Amazon, eBay to Stop Selling Fake Set-Top Boxes
The FCC has sent a letter to both Amazon and eBay seeking the two companies' help in getting rid of electronic devices that are fraudulently using the FCC logo. Both companies have agreed, of…
Mortgage Loan Rates Slide, New Mortgage Applications Continue to Fall
The Mortgage Bankers Association reported Wednesday morning that applications for new mortgages dropped again last week. Mortgage loan rates eased last week and have continued to do so this week as well.
Ambev, Banco Santander Plunge into Tuesday’s 52-Week Low Club
Ambev, Banco Santander, Deutsche Bank, and Banco Bradesco all posted new 52-week lows Tuesday.