Crude Oil Price Mostly Steady as Exports Offset Inventory Declines
U.S. crude oil inventories fell by more than 6 million barrels last week while export levels of crude and refined products rose sharply.
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Paul Ausick
November Existing Home Sales Up Nearly 6%, Inventory Sinks
Sales of existing homes rose by nearly 6% year over year in November and the median price rose by the same amount. Inventory fell nearly 10% year over year, however.
Can Automakers Really Meet Their Targets for Electric Vehicle Sales?
Major automakers are making big promises to electrify their new car fleets and forecasting a massive demand shift for electric cars from consumers. Is this realistic?
What Boeing, Bombardier Are Fighting Over Now
Boeing and Bombardier presented arguments Tuesday to the U.S. International Trade Commission regarding a 300% tariff levied against Bombardier on the importation of planes into the United States.
FedEx Lifts Forecast After Earnings, but Expects Even Better Results
FedEx easily beat EPS and revenue estimates when it reported second-quarter earnings last night. The package delivery firm raised is forecasts and outlined a potentially bigger increase given coming changes to U.S. tax law.
Mortgage Loan Rates Moved Sideways Last Week, Applications Down 5%
Mortgage loan rates moved higher on some types of loans last week and lower on others. The range of movements was small, and rates are moving higher this week.
Teekay Tankers, PPL Corp. Drop into Tuesday’s 52-Week Low Club
Teekay Tankers, PPL Corp., Nordic American Tankers, and Wellflower all posted new 52-week lows Tuesday.
Goldman Sachs, Apple Weigh on DJIA Tuesday
Goldman Sachs, Apple, Verizon, and General Electric all weighed on the DJIA Monday.
Jeep Teases New 2019 Cherokee
Fiat Chrysler announced that it would launch its 2019 Jeep Cherokee at the Detroit Auto Show next month. The mid-size SUV is a critical part of the company's sales program.
Audi Recalls 52,000 Cars to Fix Fuel Line Leak
Volkswagen's Audi division is recalling more than 52,000 of the company's model year 2021 through 2014 A6 and A7 cars to fix a potentially faulty fuel line. The cars were sold in the U.S.…
Boeing Lifts Veil on Unmanned Navy Refueling Tanker
Boeing unveiled its unmanned tanker Tuesday in St. Louis. The company is competing with two other drone makers for a U.S. Navy contract to supply carrier-based refueling drones.
Russian Security Firm Kaspersky Lab Sues US Homeland Security
Software security provider Kaspersky Lab has filed an appeal against a September ruling from the U.S. Dept. of Homeland Security forbidding federal agencies from using the software.
November Housing Starts at Year-to-Date High
Housing starts rose to a year-to-date high in November as new construction continued in the South and began in the West following storm and fire damage earlier this year.
US Crude Oil Set to Rise 1 Million Barrels a Day Next Year
U.S. crude oil production from seven major shale oil regions is expected to rise by 94,000 barrels a day month over month in January, highlighting a year-over-year increase of more than a million barrels…
What’s Going on With JetBlue’s One-Day Fare Sale?
JetBlue has announced a one-day fare sale for Tuesday, December 19, with one-way fares as low as $44.
Homebuilder Confidence Jumps in December, Near 12-Year High
The National Association of Home Builders (NAHB) reported Monday that December's housing market index hit its second-highest reading in more than 12 years.
Nordic American Tankers, Sandridge Trust Tumble into Monday’s 52-Week Low Club
Nordic American Tankers, Colony NorthStar, New York REIT, and Sandridge Mississipian Trust II all posted new 52-week lows Monday.
Intel, Apple Send DJIA Higher Monday
Intel, DowDuPont, Caterpillar and Apple led the DJIA higher Monday.
US IPOs Up 50% in 2017
The U.S. IPO market generated 50% more volume year over year in 2017 and nearly double the amount of capital raised. Here are some of the winners and losers.
Wage Theft Cost Workers $50 Billion in 2016
U.S. workers lost an estimated $50 billion in 2016 as a result of wage theft by their employers. The amounts recovered through government agencies and legal action represent only a fraction of the loss.