General Electric Rules as Dow’s Worst Performing Stock
GE stock is once again the poorest performer among the 30 equities that comprise the Dow Jones industrial average index.
All Work
Paul Ausick
SpaceX Valuation Hits $25 Billion
Privately held SpaceX has authorized a funding round to raise $507 million at a valuation of $25 billion. When completed the company will have received more than $2 billion since 2002's first capital raise…
The Luxury Home Market: Where Its Hot and Where Its Not
As demand for million dollar homes rises and availability of these homes in their traditional neighborhoods declines, high-priced homes are being built in new locations and neighborhoods.
Office Depot, Dominion Energy Fall into Friday’s 52-Week Low Club
Office Depot, Dominion Energy, EyeGate, and Sphere 3D all posted new 52-week lows on Friday.
JPMorgan, Boeing Hobble the Dow Friday
JPMorgan, Boeing, Intel, and Goldman Sachs were among the leading Dow losers Friday.
Average US Credit Card Debt at $15,983
U.S. housholds with credit card debt carry an average balance of nearly $16,000, in addition to mortgages, car loans and student debt totaling another $117,000 on average.
US Oil Rig Count Adds 4; Crude Price Doesn’t Blink
In the week ended April 13, 2018, the number of land rigs drilling for oil in the United States totaled 815, according to the Baker Hughes North American Rotary Rig Count.
5 Reasons to Sell Your House Sooner Rather Than Later
Rising interest rates and an expected increase in the houses-for-sale inventory mean that selling your house now is going to be better than waiting.
Why Saudi Aramco Is the World’s Most Profitable Company
According to documents obtained by Bloomberg News, Saudi Arabia's state-owned oil company, Saudi Aramco, posted a profit of $33.9 billion in the first half of last year.
Consumer Sentiment Flinches as Trump Trade Policies Weigh
The University of Michigan's preliminary consumer sentiment index for April fell month over month but still remains slightly higher year over year.
Zillow’s Plan to Flip Homes Is Not Resonating With Investors
Online real estate listing service Zillow has announced a plan to buy and resell (flip) homes using its own money. Investors appear wary of the new initiative.
Crude Oil Supply-Demand Balance in Sight: IEA
The International Energy Agency expects that the OPEC production cuts will have balanced global oil markets by next month.
JPMorgan Earnings Climb on Higher Interest Rates, Lower Taxes
JPMorgan reported first-quarter profit up 35% year over year as higher interest rates and lower taxes work their magic.
Bed, Bath & Beyond, Dominion Topple into Thursday’s 52-Week Low Club
Bed, Bath & Beyond, Mallinckrodt, New Gold, and Dominion Energy all posted new 52-week lows Thursday.
Intel, Boeing Pace Dow Gains on Thursday
Intel, Boeing, JPMorgan, and DowDuPont led the Dow higher Thursday.
2.6 Billion Records Breached in 2017, 5,000 Records per Minute
The number of data breach incidents was lower year over year in 2017, but the number of records compromised soared to a new all-time high.
Why Home Refinance Loans Are Slipping
Applications for mortgage refinancing fell to a 22-year low in 2017 and the outlook for 2018 is not upbeat.
US Gas Prices Highest Since 2015
Gasoline pump prices have jumped by three cents a gallon just since Monday, according to GasBuddy. Lower inventory levels brought on by OPEC production cuts and increased geopolitical tensions get the blame.
Natural Gas Price Rises on Higher Demand Last Week
Withdrawals from U.S. natural gas stockpiles were higher than expected last week. This in turn has lifted today's price for May futures.
Will Apple Pay the $943 Million It Now Owes VirnetX?
A small Nevada company has won an award of $506 million related to claimed patent infringement by Apple, which now owes VirnetX nearly $1 billion. But will Apple ever have to pay?