Ford Adds to Pickup Market Share, Sales Lead in November
Ford widened its market share lead in pickup trucks last month, nabbing nearly 41% of total pickup sales from the Detroit 3 automakers.
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Paul Ausick
NADA Forecasts 2018 Auto Sales at 16.7 Million, Down About 2%
The National Automobile Dealers Association (NADA) is forecasting sales of passenger cars and light trucks of 16.7 million units in 2018, slightly below this year's expected total, but still a solid number.
GM Reports 3% Dip in November Sales, Inventory Overhang Rises to 83 Days
GM sales dipped nearly 3% year over year in November but the company posted a record-high average transaction price. Inventory inched higher in the month, but the company is still on target to meet…
Ford November Sales Up Nearly 7%, Led by SUVs
Ford reported a sales boost of 6.7% year over year in November along with solid increases in average selling prices.
Jeep Sales Down 2% in November, FCA Sales Slip 4% Overall
Jeep sales fell 2% year over year and overall sales fell 4% in November at Fiat Chrysler Automobiles. Year to date sales are down 8%.
Bitcoin Exchanges Get Federal OK
The U.S. CFTC has approved bitcoin futures trading for CME, CBOE, and Cantor. CME will launch its futures contract on December 18.
OPEC Deal, Tax Reform Drive Friday Futures
The agreement struck on Thursday among oil-producing nations extends the production cuts through the end of next year, but leaves a way out for those who don't want to stick it out for the…
2017 Data Breaches Tops 1,200 Incidents
The Identity Theft Resource Center reported on Thursday that there have been over 1,200 U.S. data breaches so far in 2017 resulting in more than 170 million records being exposed.
Barrick, Eldorado Gold Slide into Thursday’s 52-Week Low Club
Barrick Gold, Cemex, Eldorado Gold, and Scorpio Tankers all posted new 52-week lows Thursday.
United Technologies, Goldman Sachs Drive DJIA to Record High Thursday
UTC, Goldman Sacks, Intel, and UnitedHealth led the DJIA to a record close above 24,000 on Thursday.
Toyota, Fuel Cell Energy Hydrogen Plant Going Up in Long Beach
Toyota and Fuel Cell Energy are building a fuel cell power generation plant at Toyota's facilities at the Port of Long Beach. The plant will generate electricity, hydrogen, and water.
Crude Oil Prices Dip as OPEC Fails to Corral Russia: Update
OPEC ministers have agreed to extend their production cuts through the end of next year, but Russia has still not bought in to the plan.
Natural Gas Price Remains Depressed Following Storage Report
U.S. natural gas stockpiles dropped by less than expected last week, keeping a lid on prices.
Costco November Same-Store Sales Skyrocket
Costco posted a global November same-store sales gain of 10.8% and U.S. same-store sales growth of 10.2%, the company's best performance in more than six years.
Verizon to Roll Out 5G Network Late Next Year in 3 to 5 US Cities
Verizon announced that it plans to roll out 5G wireless technology in three to five U.S. cities in the second half of next year. Sacramento will be the first to get the super high-speed…
New Models From Mercedes, BMW, Mini, Chevy at Los Angeles Auto Show
The Los Angeles Auto Show opens to the public on Friday and carmakers have a lot of new vehicles to show off. Especially big SUVs and crossovers.
Cyber Monday Desktop Online Sales Reach $3.4 Billion
The five-day holiday weekend just passed generated more than $10 billion in sales from desktop and laptop users, an increase of 21% year over year.
Kinder Morgan, Energy Transfer Partners Lurch into Wednesday’s 52-Week Low Club
Kinder Morgan, Energy Transfer Partners, Scorpio Tankers, and New York REIT all posted new 52-week lows Wednesday.
UnitedHealth, Verizon Lift DJIA Wednesday
UnitedHealth, Verizon, JPMorgan, and Disney posted solid gains to lift the DJIA Wednesday.
Alibaba to Offer Up to $7 Billion in Debt
Chinese e-commerce giant Alibaba filed a prospectus with the U.S. SEC for a bond offering estimated to total $5 to $7 billion.