Tower Semiconductor, Celgene Drop into Monday’s 52-Week Low Club
Tower Semiconductor, Cemex, Celgene, and Sibanye Gold all posted new 52-week lows Monday.
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Paul Ausick
Caterpillar, Nike Bolster the Dow Monday
Caterpillar, Nike, Boeing, and Disney combined to keep the Dow in the green Monday.
Airline Profits Rose Nearly 11% in 2017, Baggage Fees Up 45%
U.S. airlines posted a fifth straight profitable year in 2017 with an after-tax total of $15.5 billion up nearly 11% year over year. Baggage fees added $4.6 billion to 2017 profits.
US National Average Gasoline Price Dips Just a Little
Gasoline pump prices dipped a little last week but the threat of a renewal of U.S. sanctions on Iran could send prices sharply higher quickly.
Global Ad Spending to Top $628 Billion in 2018
Research firm eMarketer has forecast that global advertising spending this year will exceed $628 billion. Spending on digital advertising will account for nearly 44% of all ad dollars spent in 2018.
Bacon: Is This Warren Buffet’s Cryptocurrency Play?
Food processing giant Kraft Heinz has kicked off a promotion modeled on mining for cryptocurrencies.
Number of Working Teens Sags Despite Plenty of Opportunities
U.S. teens wanting summer jobs dropped nearly 4% last year. There should be plenty of opportunities for teen workers this summer given low U.S. unemployment. But will the kids want them?
Volcanoes Line West Coast and Alaska
Last week's volcanic eruption at Kilauea has so far destroyed at least 26 homes and threatens many others. The entire west coast of the United States up through the Aleutian islands is riddled with…
Berkshire Hathaway Annual Meeting: Buffett Promises More of the Same
The sage of Omaha was in good form at Saturday's annual Berkshire Hathaway shareholders' meeting. Warren Buffett and vice-chairman Charlie Munger talked about investing for several entertaining hours. Here are some highlights.
IPO News This Week: AXA Equitable Seeks $3.5 Billion
Eight newly public companies raised $733 million last week. This week's calendar includes the largest U.S. IPO since Alibaba raised nearly $22 billion in 2014.
Low Unemployment Rate Leads to Less Testing for Marijuana Use
As the U.S. unemployment rate continues to fall, employers looking for new workers have been quietly dropping drug tests for marijuana usage.
Arizona Says No to Paying Taxes With Cryptocurrencies
The Arizona state senate gave up on an effort to allow state taxpayers to pay their tax bills with cryptocurrency. The state's revenue department may, however, keep chasing a solution.
Cisco Still Holds Rank as Top Performing Dow Stock
Cisco Systems remains the top-performing Dow stock for the year to date in 2018. Three of the five top-performing Dow stocks are included in the tech sector, which is the best performing sector for…
Dow’s Worst Performing Stock Still Procter & Gamble
Procter & Gamble is holding on to its ranking as the worst-performing stock among the 30 equities that comprise the Dow Jones Industrial Average.
10 Cities Where Millennials Are Buying Homes
When its time for millennials to buy a home they are looking hardest for a place they can afford and such places typically do not include the higher priced coastal cities. Here are the…
Hanesbrands, Broadcom Slip into Friday’s 52-Week Low Club
Hanesbrands, Diebold Nixdorf, Broadcom, and Mallinckrodt all posted new 52-week lows Friday.
Apple, McDonald’s Dominate the Dow Friday
Apple, McDonald's, Travelers, and Disney led the Dow to a solid gain Friday.
US Oil Rig Count Adds 9; Crude Price Doesn’t Blink
The number of U.S. land-based oil rigs rose by nine this week as six new rigs were added in the Permian Basin. Crude oil prices remained higher.
Blockchain Adoption Abysmally Low: Gartner
Blockchain may be a hot topic up the technorati, but adoption is moving at a snail's pace and more than a third of CIOs are have no interest in blockchain and another 40% or…
Volvo Offers Employee New Car Pricing to Costco Members
Costco and Volvo have announced an "employee pricing" deal for Costco members available until July 2. Special pricing and incentives are also part of the offer.