Crude Oil Price Cuts Loss Following Inventory Report
The U.S. commercial crude oil inventory rose slightly less than expected last week. Gasoline and diesel fuel inventories fell, likely due to a large increase in refined products exports.
All Work
Paul Ausick
Amazon Prime Expands Discount Program to Include Medicaid Recipients
Amazon Prime on Wednesday extended its discounted membership offer to include the 35 million adult Americans who receive Medicaid benefits.
Exxon Outlines Aggressive Plan to Double Earnings, Cash Flow
At its annual analysts' meeting Wednesday morning, Exxon Mobil CEO Darren Woods outlined an aggressive plan to double earnings and cash flow by 2025. The stock price responded coolly, perhaps because of the huge…
Mortgage Loan Rates Tick Up, Applications Remain Flat
Applications for new mortgages remained essentially flat last week and mortgage interest rates did the same. Rates remain right around year-to-date highs however.
Boeing Tanker Woes Return
An Air Force spokesman said Tuesday that Boeing is likely to miss its contractual delivery date for the first 18 KC-46A refueling tankers. This is just the latest in a long history of delays…
Dermira, BRF Again Dip into Tuesday’s 52-Week Low Club
Dermira, BRF, SCYNEXIS, and VEON all posted new 52-week lows on Tuesday.
The Dow Rides Caterpillar, Intel to Tiny Gain Tuesday
Caterpillar, Intel, DowDuPont, and General Electric propped up the Dow for a small gain Tuesday.
Why Broadcom’s Hostile Takeover of Qualcomm Is a Matter of National Security
The U.S. government agency that ordered Qualcomm to delay its shareholders meeting has released a letter citing its reasons for ordering the delay.
US Produced Over 10 Million Barrels of Oil a Day in February: EIA
U.S. crude oil producers pumped 10.3 million barrels a day in February according to the latest Short-Term Energy Outlook released Tuesday by the U.S. Energy Information Administration.
2018 Data Breach Pace Slows as FTC Warns on New Medicare Cards
The Identity Theft Resource Center reported that as of last week the number of data breaches so far this year is running 36% below last year's recording breaking pace.
OPEC February Production Falls Well Short of Allocations
OPEC production in February fell sharply below the cartel's agreed quota of 32.73 million barrels a day. Continuing problems in Venezuela account for all of the decline.
Factory Orders Fall in January Following 5 Months of Growth
The Commerce Department's final report on January factory orders and shipments posted its first drop in six months. Automobiles and commercial jets both posted decreases.
CoreLogic January Home Price Index Posts Another Big Jump
CoreLogic's home price index for January rose more than 6% year over year in January. The recent steep price hikes continue to make it difficult for first-time buyers who want to enter the market.
McDonald’s Gambles on Bringing Fresh Beef to US Stores
McDonald's announced Tuesday morning that some 3,500 U.S. stores are already selling fresh beef cooked to order Quarter Pounders and that most U.S. stores would be doing the same thing by early May.
Mercedes-Benz Unveils New AMG GT in Geneva
Mercedes-Benz took the wraps off its 2019 AMG GT 4-Door Coupe Tuesday at the Geneva Auto Show. Three models will be available beginning early next year.
What Do OPEC, US Shale Honchos Talk About When They Talk About Oil?
CERAWeek, a major conference of oil industry leaders, opened Monday in Houston and the main event was not an official one. Representatives of OPEC and U.S. shale producers met for dinner to talk about…
Dermira, Allergan Plunge into Monday’s 52-Week Low Club
Dermira, BRF, Park Hotels & Resorts, and Allergan all posted new 52-week lows Monday.
The Dow Surges on Caterpillar, Boeing Gains
Caterpillar, Boeing, General Electric, and Goldman Sachs were the best performers among the Dow index stocks Monday.
United Airlines Announces Lottery to Replace Bonuses
United Continental has announced a lottery program that will pay performance bonuses to employees based on the luck of the draw. This is sure to be very popular.
Oscar Telecast Viewership Down 16%
Sunday's broadcast of the Academy Awards show posted a big viewership drop compared with the 2017 broadcast. The show ran to nearly four hours, sharply longer than its scheduled three-hour time slot.