Helios and Matheson, AT&T Again Diving into Wednesday’s 52-Week Low Club
Helios and Matheson, AT&T, Comcast, and Liberty Global all posted new 52-week lows Wednesday.
All Work
Paul Ausick
General Electric, DowDuPont Lead the Dow Higher Wednesday
DowDuPont, General Electric, Exxon Mobil, and Merck led the Dow to a solid gain Wednesday.
Sturm, Ruger Shareholders Win Vote on Gun Safety Report
Sturm, Ruger shareholders voted to require company to report on its efforts to make guns safer. The company said it would comply and that the requirement does not change "what we stand for."
US Retail Marijuana Sales to Reach Up to $10 Billion This Year
Legal retail sales of marijuana for medical and recreational use could reach $10 billion in 2018 and soar to more than $20 billion by 2022.
A New Breakdown for the Navy’s New Aircraft Carrier
An overheating main bearing caused the Navy's newest aircraft carrier to return to port following a January incident. This is the latest in a long string of problems with the Navy's $13 billion baby.
Crude Oil Price Jumps on Iran, Lower Inventories
U.S. crude oil inventories fell by more than 2 million barrels last week, considerably more than expectations. Prices have jumped more than 3%, largely due to the U.S. withdrawal from the nuclear deal with…
Sanctions on Iran Cost Boeing, Airbus About $20 Billion Each
Both Boeing and Airbus stand to lose about $20 billion in Iranian business as a result of the U.S. withdrawal from the nuclear non-proliferation deal with Iran. That sounds like a big deal, but…
April CEO Exits Push 4-Month Total to 4-Year High
A total of 109 CEOs left their jobs in April according to the latest data from Challenger, Gray & Christmas. For the first four months of 2018, CEO departures have reached a four-year high.
Walmart Takes 77% Stake in Flipkart for $16 Billion
Walmart announced Wednesday morning that it will pay $16 billion for a 77% stake in India's Flipkart e-commerce business. The deal gives Walmart a leading position in the world's second-most populous country.
Mortgage Loan Rates Fall Slightly, Applications Continue Sliding
Mortgage loan rates closed last week about where they started it. Applications for new mortgage loans dipped slightly last week and refinance levels remain at a near-10-year low.
Helios and Matheson, Gogo Plunge into Tuesday’s 52-Week Low Club
AT&T, Helios and Matheson, Gogo, and Aralez Pharmaceuticals all posted new 52-week lows Tuesday.
JPMorgan, Chevron Keep the Dow Even on Tuesday
The Dow closed virtually flat Tuesday as JPMorgan and Chevron offset losses by Verizon and Nike.
US Gasoline Prices to Average Near $3 in June, Up 20% Over 2017
U.S. gasoline prices will reach nearly $3 a gallon in June and average $2.90 a gallon for the whole year according to the latest Energy Information Administration Short-Term Energy Outlook.
MoviePass Needs More Cash — or Else
Helios and Matheson, the company that owns the controlling stake in movie subscription service MoviePass, said in an SEC filing this morning that cash is tight and access to more cash may be difficult.
Mortgage Delinquencies Decline in February, Remain High in Hurricane-Hit Areas
The percentage of U.S. delinquent mortgages dropped slightly year over year in February to 4.8%. Delinquencies in parts of the country hit by last year's hurricanes remain well above the national average.
Rising Crude Prices Threatened by Lack of Permian Pipelines: Dallas Fed
In its monthly Energy Update, the Federal Reserve Bank of Dallas discusses how the lack of pipeline capacity from the Permian Basin is costing crude oil producers up to $11 a barrel.
Earnings You Might Have Missed: Hertz, Zillow, Discovery, Dish Network
After markets closed Monday and before they reopened Tuesday, several companies reported quarterly results. Here's a quick rundown on four of them, all of which traded lower after reporting.
April Small Business Optimism Remains High Despite Labor Shortage
The National Federation of Independent Business reported this morning that small business optimism remains high. Finding and hiring qualified employees is becoming a sharper problem however.
20% of Americans Interested in Buying Electric Cars
Americans are increasingly willing to buy electric cars according to a new survey from AAA. Their expectations may have to be reined in a bit however.
World’s 10 Largest Data Breaches in 2018 Q1
There were nearly 700 data breaches reported globally in the first quarter of 2018. The total number of records exposed topped 1.46 billion and is second only to the 2017 first quarter for the…