Mortgage Loan Rates Increased Last Week, Applications Dipped
Mortgage loan rates continue to rise, anticipating an increase in the U.S. inflation rate and a boost in the Federal Reserve's policy rate. Applications for new mortgages fell last week.
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Paul Ausick
Henry Schein, Patterson Sink into Tuesday’s 52-Week Low Club
Weatherford Internationals, Henry Schein, Patterson, and HCP all posted new 52-week lows Tuesday.
Walmart, Cisco Prop Up the DJIA Tuesday
Walmart, Cisco, Caterpillar, and Apple posted solid gains to lead the DJIA higher Tuesday.
US Opioid Crisis Cost: $1 Trillion and Counting
The U.S. opioid crisis has cost $1 trillion in lost wages, productivity, and other expenditures since 2001. The cost is going to rise rapidly and it's doubtful that planned spending to battle the epidemic…
How BMW Became the Largest Exporter of US-Manufactured Autos
Based on dollar value, BMW is the largest U.S. exporter of vehicles. The German company builds is X-model SUVs in South Carolina and ships the vehicles all over the world.
What Americans Are Willing to Go Into Credit Card Debt For
While Americans use a lot of credit card debt, the vast majority end up regretting it. There are a few exceptional events that appear to warrant spending money we don't have.
Highway Fatality Rate Highest in Wyoming, Lowest in DC
Highway fatalities were the cause of 1.7% of deaths in the United States in 2015, according to a new research report. In some states, people are seven times more likely to die from a…
Mortgage Delinquencies Decline in November; Remain High in Hurricane-Affected Areas
Mortgage delinquency rates ticked down year over year in November but remain high in areas affected by last year's hurricanes.
Remington Arms Secures Deal, Will File for Chapter 11
200-year old gunmaker Remington has rounded up financing and will file a prepackaged Chapter 11 bankruptcy protection plan.
January Small Business Optimism Rises, Wages to Rise
The National Federation of Independent Business reported a month-over-month increase of two points in its January optimism index.
Axovant Sciences, Boardwalk Pipeline Slip into Monday’s 52-Week Low Club
Vereit, Nielsen Holdings, Axovant Sciences, and Boardwalk Pipeline all posted new 52-week lows Monday.
Apple, Boeing Push DJIA Higher Monday
Apple, Boeing, American Express, and DowDuPont were leading gainers among the DJIA stocks on Monday.
US Shale Crude Oil Production to Rise 110,000 Barrels a Day in March
The U.S. Energy Information Administration drilling productivity report forecasts March shale oil production to rise by 110,000 barrels a day with new wells added 657 barrels a day to the total.
Amazon Firing Hundreds in Seattle, Other Locations
Amazon is laying off hundreds of employees in Seattle Monday and hundreds more at other company locations around the world according to a report at the Seattle Times.
US National Average Gasoline Price Sees First 2018 Drop
The national average gasoline price dropped a few cents last week, the first decline in gas prices that we've see so far in 2018.
OPEC Lifts 2018 Oil Supply Based on US Production Growth
OPEC increased its 2018 estimate of U.S. production growth by 1.3 million barrels a day in the cartel's monthly oil market report released Monday.
Short Interest in Ford Soars as Company Struggles
Short interest in Ford rose 22% in the reporting period ended January 31. Given the drop in sales and the apparent lack of confidence in CEO Jim Hackett's vision, short sellers took advantage of…
Airbus Halts Delivery of Pratt & Whitney Engines
Airbus has discovered an issue with the Pratt & Whitney engines on its A320neo family. The aircraft maker will not take more deliveries of the engines from the United Technologies subsidiary until the problem…
Ford China Sales Plunge 18% in January
Ford's sales in China dropped 18% year over year as sales through its Changan joint venture tumbled.
3D Printing Short Interest Slides as Share Prices Dip
Short interest in 3D printing stocks generally declined in the reporting period ended January 31. Shares prices fell as well.