US Oil Rig Count Flat, Price on Track to Close Above $60
The U.S. land-based oil rig count was unchanged again this week. The natural gas rig count fell by two week over week.
All Work
Paul Ausick
Americans Added $1,054 to Personal Debt This Holiday Season
Among Americans who went into debt this past holiday season, the average debt incurred was up 5% year over year to $1,054. Now it's payback time.
Slowing Growth for China’s Smartphone Market Share Leader
Chinese smartphone maker Huawei is expecting its slowest revenue growth in four years for 2017 and is planning to challenge Apple and Samsung next year in phones at the high-end of the market.
How Crude Oil Prices Fared This Year and What Next Year May Bring
The average price for a barrel of WTI crude oil this year will end up at around $50 a barrel, about $10 a barrel below it's current trading price. What does that indicate for…
Airbus Confirms Largest Ever Order: $50 Billion
Airbus has signed a firm order with private equity firm Indigo Partners to finalize an order for 430 of the aircraft maker's A320neo and A321neo passenger jets. It's the largest single order in the…
Goldman Sachs Sees Massive $5 Billion Hit From Cash Repatriation
Goldman Sachs has warned that the company's earnings could be slashed by $5 billion as a result of the new tax law.
GM Wins Important Ruling in Ignition Switch Litigation
In a court ruling issued Thursday in Manhattan, a federal district judge ruled against plaintiffs seeking to introduce expert testimony in allegations against GM related to the defective ignition switch recall begun in 2014.
General Electric, GNC Holdings Slink into Thursday’s 52-Week Low Club
General Electric, GNC Holdings, AirMedia, and Genworth Financial all posted new or matched existing 52-week lows.
UnitedHealth, American Express Prop Up DJIA on Thursday
UnitedHealth, American Express, Merck, and IBM led the DJIA to a positive finish on Thursday.
US Population Adds One Person Every 18 Seconds
The U.S. population will grow by more than 2 million people in 2017, cementing its place as the world's third most populous nation after China (1.38 billion) and India (1.3 billion).
Mercedes-Benz Tops BMW in US Luxury Car Sales
Mercedes-Benz is on its way to a second consecutive first-place finish in sales of luxury cars to the U.S. market. Given monthly sales totals, BMW should trail its German rival by around 30,000 units.
Crude Oil Price Barely Moves on Inventory Data
The U.S. crude oil inventory fell more than expected last week as did the gasoline stockpiles. But sharply colder weather over the next week is expected to reduce consumption and a North Sea pipeline…
Natural Gas Price Sharply Higher as Arctic Cold Moves In
The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 112 billion cubic feet for the week ending December 22. Analysts were expecting a storage withdrawal of between…
Why Did Snap Short Interest Plunge?
Short interest in social media site Snap plunged in the two-week period that ended on December 15. Were short sellers just booking profits?
3D Printing Short Interest Can’t Find a Direction
Short interest in 3D printing stocks was mixed in the two-week period to December 15. At one firm, the share price tumbled more than 20% during the period.
Short Interest Trending Lower in Solar, Alt Energy Stocks
Short interest in solar and alternative energy stocks trended mainly lower in the two week period ended December 15. Short sellers dropped nearly 25% of their position in one solar firm.
General Electric, Genworth Financial Dip into Wednesday’s 52-Week Low Club
General Electric, Genworth Financial, GNC, and PPL Corp. all posted new 52-week lows Wednesday.
Visa, McDonald’s Buoy DJIA on Wednesday
Visa, McDonald's, Caterpillar, and UnitedHealth hoisted the DJIA to a small gain Wednesday.
North Sea Oil Pipeline Returning to Service
The Forties North Sea pipeline that has been out of service since December 11 is coming back on line with crude flowing through the system at about half of capacity.
November Pending Home Sales Inch Higher
The National Association of Realtors reported Wednesday morning that pending home sales rose just 0.2% year over year in November.