Boeing, IBM Dominate DJIA Wednesday
Boeing, IBM, Intel, and UnitedHealth lead widespread gains among the DJIA index stocks on Wednesday.
All Work
Paul Ausick
Apple Promises Piles of Spending, 20,000 US Jobs
Apple announced an ambitions capital spending plan that would pump $350 billion into the U.S. economy over five years and create more than 20,000 new jobs.
Will You Own Your Car for at Least 15 Years?
Americans are keeping their cars and light trucks longer than ever. Here are the 15 most popular vehicles to own for at least 15 years.
How Blockchain Could Change Energy Markets
The blockchain has invaded the energy sector just as it has virtually every other. While Exxon may not change its name, it's probably only a matter of time before the company announces a blockchain…
Homebuilder Confidence Remains Strong in January
The National Association of Home Builders reported continued strong builder confidence in the housing market in January. The group's housing market index remains near an 18-year high.
US February Crude Oil Production to Offset OPEC Cuts
U.S. crude oil production from seven major onshore shale plays is expected to rise 111,000 barrels a day month over month to a year-over-year increase of 1.8 million barrels a day.
As European Auto Sales Rise 3.4% in 2017, FCA Outsells Ford
New car sales in the European Union rose 3.4% in 2017 to more than 15 million units. Year-over-year sales rose by half the rate posted for 2016.
Bank of America Earnings Hit by New Tax Law, Trading Income Still Declining
Bank of America reported a $2.9 billion fourth-quarter charged related to U.S. tax law changes that cost it more than half its quarterly profit.
Mortgage Loan Rates Rose Sharply Last Week
Applications for new mortgages rose last week, even though mortgage interest rates rose to multi-month highs in some instances and multi-year highs in others.
Refinancing Student Loans Gets Mixed Report
Refinancing existing student loans can be a good choice for many graduates, but be prepared to jump through some pretty tight hoops.
Southern Company, Tesaro Plunge into Monday’s 52-Week Low Club
Southern Company, Tesaro, VEREIT, and Kimco Realty all posted new 52-week lows Tuesday.
General Electric, United Technologies Hobble DJIA Monday
GE and United Technologies were the big drags on the DJIA Tuesday, while Merck and UnitedHealth kept the index propped up.
Holiday Online Sales Up 18% to Record $108 Billion
Online sales at the top 100 U.S. retail websites rose nearly 18% during the recently passed holiday shopping season according to researchers at Adobe Analytics.
McDonald’s Packaging to Go Completely Green by 2025
McDonald's has set itself a goal of using 100% green materials to package guest purchases by 2025. The company also wants to get 100% of its worldwide stores on-board at the same time.
Older Workers Driving US Job Growth
Since 2000, the number of U.S. jobs has grown by 17 million. All that growth has been among workers aged 55 and older.
Upbeat GM Forecast Based on High-Margin Pickups, Not More Sales
GM announced Tuesday morning that full-year 2017 earnings would reach near the upper end of the company's previously stated range. GM also expects 2018 results to be approximately in-line with last year.
2017 Global Clean Energy Investment Tops $333 Billion
Global investment in clean energy topped $333 billion in 2017. China spent slightly more than half that total while the United States spent about 17%.
GE Shares Plummet on $6.2 Billion Charge
General Electric said in a statement Tuesday morning that it will take a $6.2 billion charge related to GE Capital's run-off insurance business.
How the New Tax Law Boosted UnitedHealth Earnings and Forecast
UnitedHealth reported fourth-quarter and full-year results Tuesday morning that beat analysts estimates. The company also raised guidance for 2018 based on the impact of the new tax law.
Lesotho Mine Gives Up Giant Diamond
Lesotho's Letseng diamond has just produced the fifth-largest diamond on record, a 910-carat marvel.