Gas Prices Top $2.50 in All 50 States
Retail gasoline prices now exceed $2.50 a gallon for regular gas in all 50 states. Californians are paying almost $3.62 a gallon while Oklahomans are paying $2.50.
All Work
Paul Ausick
Have Walmart, Flipkart Tied the Knot?
Walmart and Flipkart have reportedly agreed on a deal that would give Walmart a 75% stake in India's leading e-commerce firm for an investment of $15 billion.
Offshore Energy Investment Needs Trillions to Meet Future Demand: IEA
In a new report on offshore energy production out to 2040, the International Energy Agency estimates capital spending needs to range between $4.6 and $5.9 trillion.
Why Alibaba Earnings Might Have Nowhere to Go but Up
Alibaba Friday morning reported revenues and profits that beat estimates and the company is looking for another year of revenue growth that at least matches the one just concluded.
Why No Nobel Prize for Literature Will Be Awarded This Year
The Swedish Academy announced this morning that it will postpone the award of 2018 Nobel Prize in literature until 2019 as the body tries to recover from a well-publicized scandal.
AT&T, Snap Fall into Thursday’s 52-Week Low Club
AT&T, Snap, Annaly Capital Management, and NXP Semiconductors all posted new 52-week lows Thursday.
Boeing, Cisco Prop Up the Dow Thursday
Boeing, Cisco, 3M, and Microsoft tried to keep the Dow trading in the green Thursday.
Goldman Sachs Nears Kick-off of Bitcoin Trading Desk
Goldman Sachs is expected to open a virtual currency trading next in the next few weeks to accommodate clients who want to participate in the digital currency market without actually holding bitcoin.
Q1 Demand for Gold at 10-Year Low
Demand for gold fell to a 10-year low in the first quarter of 2018, according to the latest report from the World Gold Council.
Natural Gas Price Dips After Increase to US Supply
The U.S. supply of natural gas in storage rose by 62 billion cubic feet last week and warmer -- but not hot -- weather is likely to depress demand in the coming week.
March Factory Orders Rise 1.6%, Up 7.7% Year to Date
New orders for U.S. manufactured goods rose by 1.6% in March and were up 7.7% year over year for the first 3 months of 2018. Transportation goods, particularly commercial planes, lead the gains.
Was Spotify’s Q1 as Bad as Investors Think?
Music streaming company Spotify reported first-quarter results last night that missed the consensus estimate for a net loss but matched revenue estimates. Subscriber totals matched the high end of the company's own expectations.
Rearview Cameras Now Required Equipment on US Cars
Beginning this week, all new cars and light trucks sold in the United States must be equipped with a rearview camera system. The rule goes into effect after a four-year phase-in period.
April Job Cuts Fell 40% Year Over Year, but Up 8% for Year to Date
Outplacement firm Challenger, Gray & Christmas reported Thursday morning that U.S. companies cut over 36,000 jobs last month and that more than 176,000 people have lost their jobs so far in 2018.
Why Tesla Shares Are Up After Posting More Losses
Tesla posted a much bigger Q1 per share loss than it did a year ago, but revenues rose as well and both profits and revenues rose more than analysts had forecast. There's no other…
Verizon, McDonald’s Trim the Dow Wednesday
Verizon, Travelers, Johnson & Johnson, and McDonald's weighed on the Dow Wednesday.
Snap, Molson Coors Plunge into Wednesday’s 52-Week Low Club
Snap, Mondelez, AT&T, and Molson Coors all posted new 52-week lows Wednesday.
How Great Was Q1 for Fast-Food Restaurants?
Four large fast-food restaurant operators have posted first-quarter results with profits meeting or exceeding consensus estimates. But only one really seems to be hitting on all cylinder.
Crude Oil Price Wobbles After Huge Addition to Stockpiles
U.S. crude oil stockpiles rose by more than 6 million barrels last week and gasoline stocks rose by more than 1 million likely due to lower export levels of both crude and refined products.
Qantas to Retire Boeing 747 Early, Buy More 787s
Australia-based Qantas International said Tuesday that it plans to retire its last Boeing 747 by 2020, two years or more earlier than previously planned. The airline also placed an order for six 787 Dreamliners.