Move to Mexico Possible If GM Canada Strike Continues
The president of the Canadian union representing striking GM workers said this morning that the company is ramping production in Mexico, threatening to transfer jobs if the strike is not ended.
All Work
Paul Ausick
Crude Oil Price Stems Losses as Inventories Shrink
U.S. crude oil inventories declined last week, but gasoline inventories rose. Exports also declined from record highs.
Natural Gas Price Ticked Down on Expected Storage Increase
The U.S. natural gas inventory increased by 87 billion cubic feet last week, right in the middle of the expected range. The coming winter is forecast to be colder than last year, good news…
GM to Close Plant for 6 Weeks, Lay Off 1,500 Workers
GM is reportedly set to halt production on four of its slow-selling cars for the last six weeks of the year in an effort to align inventory with demand.
Boeing, ‘Scared Stupid’ by Trump, Went After Bombardier
Did Boeing bring its trade complaint against Canada's Bombardier because the U.S. company was afraid of coming competition from China or because it was afraid of the President of the United States?
JPMorgan Earnings Limited by Drops in Trading, Fixed Income
JPMorgan Chase beat analysts estimates for both third-quarter EPS and revenues on the strength of rising profit from lending. But the fixed income and trading income continues to lag.
General Electric, Rite Aid Drop into Wednesday’s 52-Week Low Club
General Electric, Rite Aid, Dick's Sporting Goods, and Walgreens all posted new 52-week lows Wednesday.
Walmart, Johnson & Johnson Lift DJIA Wednesday
Walmart, Johnson & Johnson, McDonald's, and Visa pushed the DJIA higher on Wednesday.
US Energy Agency Forecasts Higher Oil Prices
The U.S. Energy Information Administration has raised its forecasts for the average price of a barrel of oil for both 2017 and 2018.
US Electric Companies Threatened by North Korean Cyberattack
A North Korean attack on the U.S. electricity grid was detected and stopped in late September. The grid is a tempting target and more attacks against it are inevitable.
Ransomware Is Big Business on the Dark Web
The market on the dark web for pre-packaged ransomware programs and tools is exploding. Ransomware programs sell for as little as a $1 and can wreak havoc on businesses and consumers.
Short Interest in 3D Printing Stocks Can’t Find a Direction
Short interest in 3D printing stocks was mixed in the most recent reporting period, with one stock seeing a share price increase of more than 25%.
Why Short Interest in Ford Plummeted
Short interest in Ford fell by more than 10% in the latest two-week reporting period. And that happened before new CEO Jim Hackett revealed his strategic vision.
Short Interest in First Solar Down by Half, Alt Energy Mixed
While short interest in the three solar makers we follow was mixed, short sellers bailed in a big way on First Solar.
What’s Up With the Jump in Kinder Morgan Short Interest?
Short interest in Kinder Morgan rose by more than 5 million shares in the most recent two-week reporting period. Investors may have been worried about what's going on with the Trans Mountain pipeline project.
Mortgage Loan Rates Remain at Recent Highs, Applications Decline
Mortgage loan rates ticked slightly higher last week while applications for new mortgages slipped. The decline in applications for refinancing was double the overall decline rate.
Rite Aid, Walgreens Once Again Dip into Tuesday’s 52-Week Low Club
Rite Aid, Walgreens, Organovo, and DaVita all posted new 52-week lows on Tuesday.
Walmart, Coca-Cola Dominate the DJIA Tuesday
Walmart, Coca-Cola, Caterpillar, and Chevron were the top gainers on the DJIA Tuesday.
Wildfires in 2 Northern California Metros Risk Homes Valued $65 Billion
Wildfires in northern California are putting $65 billion worth of homes at some risk of damage. Of those about 11,000 homes face high or extremely high risk of damage from the fires.
Website Attacks Soared 186% in Q2
Website attacks nearly tripled year over year in the second quarter according to a new report. The number of compromised records already surpasses 2016's full-year total.