Ford January Sales Dive 6.6%
U.S. sales of Ford cars and light trucks dropped 6.6% in January and the company's days of inventory soared to more than three months.
All Work
Paul Ausick
January Layoffs Up 38% Year Over Year, Down 3% Month Over Month
Outplacement firm Challenger Gray & Christmas reported that January job cuts fell nearly 3% year over year, with more than a third of the losses in the retail sector.
Alibaba to Take 33% Stake in Ant Financial
Chinese e-commerce giant Alibaba said this morning that it will acquire a 33% stake in Ant Financial, the electronic payment firm spun-off in 2011. The transaction involves no cash.
Trump’s #SOTU Got 46 Million Viewers: Nielsen
President Trump's Tuesday night State of the Union speech drew nearly 46 million viewers on broadcast and cable networks.
Microsoft Earnings Can’t Overcome Investor Higher Expectations
Microsoft posted solid profits and revenues Wednesday afternoon, but a $13.3 billion charge related to U.S. tax law changes scared investors away.
Qualcomm Earnings, Guidance Take Heavy Hits From Charges, Apple Dispute
Chipmaker Qualcomm posted a fiscal Q1 earnings beat, but a $6 billion charge related to the new tax laws and a continuing dispute with Apple continue to take their toll on guidance.
Southwestern Energy, Gulfport Again Topple into Wednesday’s 52-Week Low Club
Southwestern Energy, Gulfport Resources, Northern Dynasty Minerals, and Range Resources all posted new 52-week lows Wednesday.
Boeing, Microsoft Lift DJIA on Wednesday
Boeing, Microsoft, United Technologies, and Nike were among the gainers pushing the DJIA higher Wednesday.
Apple’s US iPhone Sales Top 22 Million in Q4
Apple sold more than 22 million iPhones in the United States during the fourth quarter of last year, capturing more than 40% of the total market for smartphones.
Here’s What Boeing Should Do With Its Mountain of Cash
Is spending about $9 billion a year for the next two years Boeing's best use of its massive cash flow?
December Pending Home Sales Rose Slightly
Pending sales of existing homes rose slightly in December but rising interest rates, low inventory levels, and lower tax incentives may hobble market going forward.
Crude Oil Price Bounces on Addition to Commercial Inventories
U.S. commercial crude oil inventories increased by more than 6 million barrels last week as production continues to rise, more than offsetting increases in exports of both crude oil and refined products.
Xerox to Live On — as a Tracking Stock for Its New Owner
Xerox has agreed to deal that gives a controlling stake in the venerable U.S. firm to Japan's Fujifilm in exchange for a one-time payout of around $9.80 per existing share of Xerox stock.
Boeing Earnings Soared, Guidance Aims Even Higher
Boeing blew away analysts' estimates for both the fourth quarter and the full year. To top it off, the company guided 2018 deliveries at around 50 more planes than it delivered in a record-breaking…
January Auto Sales Seen Down Nearly 3%
On Thursday carmakers report U.S. new car sales for January. Analysts at J.D. Power expect sales to be lower than last January, but with record-high sales prices and, possibly, record high buyer incentives.
Mortgage Loan Rates Show No Sign of Retreating From New Highs
The Mortgage Bankers Association reported Wednesday morning that new mortgage applications fell more than 2% week over week. Mortgage interest rates closed last week at new highs and the increases have continued into this…
Southwestern Energy, Range Resources Tumble into Tuesday’s 52-Week Low Club
Southwestern Energy, Range Resources, Gulfport Energy, and Colony NorthStar all posted new 52-week lows Tuesday.
UnitedHealth, Pfizer Tank the DJIA Tuesday
UnitedHealth, Pfizer, McDonald's, and General Electric put in a dismal day and led the DJIA to steep loss Tuesday.
Chesapeake Energy Fires 400
Oil and; gas producer Chesapeake Energy fired 400 employees Tuesday, most at the company's Oklahoma City headquarters. It's been a tough decade for the one-time high flyer.
Higher Wages in Store for Americans This Year
New survey results from the National Association of Business Economists indicate that 2018 is off to a good start for jobs and wages, but that companies are worried about sales.