Carl Icahn Claims $1 Billion Profit From Reduced Herbalife Stake
Activist investor Carl Icahn has tendered about a quarter of his stake in Herbalife in response to the company's tender offer made last month.
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Paul Ausick
Sticking Cruise Control Forces Recall of 4.8 Million Chrysler Vehicles
Fiat Chrysler will recall 4.8 million Dodge, Chrysler, Jeep, and Ram vehicles to inspect and repair a software condition that could fail properly to disengage the cruise control.
How Much Does a Boeing 777X Cost?
Boeing's 777X family of twin-engine, dual-aisle jets is on track for a mid-2020 first delivery. The 777-9 is Boeing's most expensive aircraft and here's just one more reason why.
How Gun Sales Benefited One Retailer and Why It Won’t Last
After Sportsman's Warehouse reported fiscal first-quarter results, its stock climbed more than 8%. That was mainly due to gun sales. But the company warns that it won't last.
Short Sellers Still Cool to Solar Stocks, Betting Against Alt Energy
Short interest in solar and alternative energy stocks was mixed in the two-week period to May 15. Short sellers got out of two solar stocks and jumped on three alt energy stocks.
Fading Short Interest in 3D Printing Stocks
Short interest in 3D printing stocks dipped in the two-week period ending May 15 and reported out this morning. Of the four companies we cover, three saw short interest decline while the other attracted…
Deutsche Bank, Recro Pharma Drop into Thursday’s 52-Week Low Club
Helios and Matheson, Deutsche Bank, Recro Pharma, and QuickLogic all posted new 52-week lows Thursday.
Exxon Mobil, Chevron Clobber the Dow Thursday
Exxon Mobil, Chevron, Johnson & Johnson, and JPMorgan led the Dow to a lower close Thursday.
The Gig Economy, Uber and Jobs
While the gig economy got a lot of news coverage a few years ago, there's not so much now. There are at least a couple of good reasons for that: first, the pay is…
Natural Gas Price Ticks Higher on Inventory Rise
The amount of natural gas in U.S. storage rose by 91 billion cubic feet last week, right inline with analysts expectations. Prices had been rising sharply this week as hot weather raised demand for…
April Existing Home Sales Slide 2.5%
Sales of existing homes in April fell 2.5% month over month while the median price rose 5.3%. Available inventory continues to shrink fueling the rise in prices.
US Justice Department Investigating Cryptocurrency Price Manipulation
According to a Bloomberg report, the Justice Department and other federal agencies have launched a criminal investigation into possible manipulation of the cryptocurrency markets.
Women’s Rights Activist Target McDonald’s Shareholders
A coalition of women's activist groups is raising the pressure on McDonald's to do more to end sexual harassment at the company's restaurants.
Why a Best Buy Earnings Beat Is Making Shareholders Unhappy
Best Buy beat first-quarter estimates for earnings and revenues, but second-quarter guidance was a bit soft and the company did not boost its full-year outlook.
JC Penney, Helios and Matheson Crash into Wednesday’s 52-Week Low Club
J.C. Penney, Helios and Matheson, Camping World, and Banco Santander all posted new 52-week lows Wednesday.
Boeing, Merck Buoy the Dow Wednesday
Boeing and Merck held the Dow up Wednesday while General Electric and Disney provide the downdraft.
New Car Buyers Aren’t Worried About Gas Prices–Yet
U.S. gas prices have risen to around $2.95 a gallon ahead of the Memorial Day holiday weekend and seem well on the way to well above $3.00. When do Americans change their choice of…
Crude Oil Price Falls on Huge Inventory Increase
The U.S. crude oil stockpile unexpectedly jumped by nearly 6 million barrels last week. That has put downward pressure on prices.
April New Home Sales Slip; Lower-Priced Homes Post Big Gain
The Census Bureau reported Wednesday that new home sales dipped slightly month over month in April but rose nearly 12% year over year. Sales of homes price below $300,000 rose by six points as…
Why Are CEOs Paid 361 Times More Than Their Average Employees?
There is new research that may partly explain why the gap between CEO compensation and average worker pay has gotten so wide.