US Homeowner Equity Rises 11% Year Over Year in Q3: CoreLogic
U.S. homeowner equity in the third quarter rose by $871 billion, an increase of 11.8%. The number of underwater homeowners fell by 22%, or 3.6 million homes.
All Work
Paul Ausick
November Job Cuts at 7-Month Low
Challenger, Gray & Christmas reported this morning that U.S. firms fired over 35,000 employees in November. For the year to date, job cuts are 22% below last year's level.
Happy Holidays: GE Fires 12,000
Struggling industrial giant GE announced this morning that it will fire 12,000 employees in the company's Power segment as the company seeks to reduce costs and return to profitability.
Edison, GlaxoSmithKline Drop into Wednesday’s 52-Week Low Club
OSI Systems, Edison International, Cemex, and GlaxoSmithKline all posted new 52-week lows Wednesday.
Microsoft, Merck Lead DJIA to Close Flat Wednesday
Microsoft and Vise were Wednesday's big DJIA gainers while Merck and Disney dipped the most.
Holiday Online Shopping Totals Over $65 Billion Since November 1
Online retail sales have averaged more than $1 billion a day since November 1 and have reached a total for the holiday season so far of more than $65 billion.
Name Change: Wal-Mart Becomes Walmart on February 1
Wal-Mart is changing its official name to Walmart after nearly 50 years. The change becomes effective in February and the company's stock ticker symbol will remain the same.
Home Depot Sets $15 Billion Buyback Plan, Confirms 2017 Guidance
On Wednesday morning, Home Depot announced a new $15 billion share buyback program, reaffirmed guidance for 2017 that it revised upward last month, and set targets for fiscal year 2020.
T-Mobile Sets Stock Buyback of $1.5 Billion
T-Mobile announced a $1.5 billion share buyback program Wednesday morning. That the company's merger discussions with Sprint ended a few weeks ago may have been a contributing factor.
Crude Oil Price Slips Following Inventory Report
U.S. crude oil inventories dropped by 5.6 million barrels last week while gasoline inventories increased by 6.8 million barrels. Exports of both crude oil and refined products were also lower week over week.
Kinder Morgan Illinois Pipeline Explodes, Kills 2
A Kinder Morgan natural gas pipeline exploded in central Illinois on Tuesday killing two people and injuring two others. Initial reports indicate that the buried pipeline was struck by farm equipment.
Boeing Flies First KC-46A Tanker Destined for Delivery to US Air Force
Boeing flew the first of 18 KC-46A tankers it has contracted to deliver in 2018 to the U.S. Air Force. The company will miss its internal target for a first delivery by the end…
Where Gender Differences Come From
Interesting results from Pew Research Center on the way Americans view gender differences and what they believe are the sources of those differences.
Mortgage Loan Rates Choppy on Flynn News, Applications Up
Applications for new mortgages rose by nearly 5% last week. Mortgage loan rates bounced around following the news reports on Michael Flynn but have since settled down again.
Best Places to Work — 2018
Online job hunting site Glassdoor.com has released its 2018 listing of the top 10 places to work. The rankings include employers in the U.S., Canada, the U.K., France and Germany.
Allergan, Eldorado Gold Slip into Tuesday’s 52-Week Low Club
Allergan, Cemex, Delphi Technologies, and Eldorado Gold all posted new 52-week lows on Tuesday.
Disney, Intel Sink DJIA on Tuesday
Disney, Intel, Pfizer, and Verizon led Tuesday's drop in the DJIA.
Streaming Video Catching Up With Pay TV; Will Revenues Follow?
AT&T's over-the-top streaming service, DirecTV Now, has signed up 1 million subscribers in its first year of operation.
Coal Mines a Promising Source of Rare Earth Elements
Will an ability to extract rare earths from coal and various coal products, byproducts and waste really reduce U.S. dependence on foreign supplies of rare earths and strengthen U.S. energy and national security?
Late-Arriving iPhone X Costs Apple Market Share
In the three-month period ending in October, Apple's iPhone lost market share in several key global markets according to research reported Tuesday by Kantar.