Boeing, General Electric Sink DJIA on Wednesday
Boeing, General Electric, IBM, and Caterpillar were the big losers as the DJIA closed down on Wednesday.
All Work
Paul Ausick
Tesla: Firings to Continue Until Morale Improves
Tesla is reportedly firing more than the announced 205 SolarCity employees the company is letting go in its Sacramento office. More-than-expected assembly workers at the company's auto plant may be getting fired as well.
NAACP Warns Travelers of Concerns With American Airlines
The NAACP on Wednesday issued a travel advisory for African Americans, warning that their safety and well-being may be in jeopardy if they travel on American Airlines.
September New Home Sales Post 10-Year High
Sales of new homes in September rose to a 10-year high for the month. Prices were also up sharply, indicating that more sales were going to repeat rather than first-time buyers.
Crude Oil Price Bounces Around Following Inventory Report
The U.S. crude oil inventory rose by nearly a million barrels last week while gasoline and distillate inventories dropped sharply.
Massive New Ransomware Attack Hits Eastern Europe
A new ransomware attack has been reported to be infecting computer systems worldwide with Russia and Ukraine as the hardest hit. Called "Bad Rabbit," the attack is similar to the massive attacks that occurred…
Boeing Earnings Look Good, Margin Guidance Not So Much
Boeing beat earnings and revenue estimates for the third quarter, but the company issued lower margin guidance, and reported another cost increase on the tanker program.
Mortgage Loan Rates May Be Moving Higher, Applications Slide
Mortgage applications dipped last week as mortgage interest rates moved slightly higher. The coming selection of a chair for the Federal Reserve is beginning to move rates higher as well.
Short Interest in Solar, Alt Energy Stocks Can’t Find a Direction
Short interest in solar and alternative energy stocks continues to meander as short sellers try to divine public policy direction.
Short Interest in 3D Printing Stocks Trends Higher
Short interest in 3D printing companies showed a trend higher in the two-week period ended October 13. Only one stock saw a drop in short interest during the period.
Texas Instruments Earnings, Forecast Disappoint Investors
Texas Instruments beat Q3 earnings and revenue estimates, but not by enough to pleases traders and investors if after-hours trading is any indication.
General Electric, AT&T Slip into Tuesday’s 52-Week Low Club
October 24, 2017: Here are four stocks trading with heavy volume among 94 equities making new 52-week lows in Tuesday’s session. On the NYSE, advancers led decliners by about 8 to 7 and on…
3M, Caterpillar Dominate the Dow Tuesday
Caterpillar, 3M, American Express, and JPMorgan lifted the DJIA higher on Tuesday.
Auto Industry Shake-Ups: GM Cuts Car Production, Ford Replaces Top Execs
GM is cutting production of its slow-selling passenger cars and raising production of light trucks. Ford is replacing four top executives. Two companies, two ways of shaking things up.
EIA Projects Electric Vehicle Growth to 2040
A new report from the U.S. Energy Information Administration offers three scenarios showing the impact in 2040 on petroleum-based fuels resulting from growth in the fleet of electric light-duty vehicles.
What’s Up With Sears, Whirlpool Split?
Sears will discontinue sales of Maytag, KitchenAid, and Jenn-Air branded appliances made by Whirlpool as soon as existing inventory is sold. A dispute over pricing ended a 100-year-old partnership.
GM Adjusted Earnings Overcome $3 Billion Charges
Including charges for discontinued operations in Europe and the loss of a deferred tax asset along with a production slowdown, GM still managed to post a profit and beat estimates for its adjusted profit.
3M Soars Following Solid Earnings Beat
3M handily beat analysts' expectations when the company reported third-quarter results Tuesday morning, and the stock hit a new 52-week high.
Caterpillar Soars on Big Revenue and Profit Beats, Raised Forecast
Caterpillar walloped estimates for revenues and profits, then raised its guidance. Investors like that sort of behavior and appear on track to reward the company with another 52-week high.
Amazon Reaps 238 Offers From 54 Localities for New HQ2
Amazon closed the bidding last Thursday for proposals to become the company's second headquarters city. All but seven states were represented among the 238 bids that also included proposals from Canada and Mexico.