Walmart’s Toehold in NYC Is Nothing Short of Revolutionary
When Walmart acquired New York City delivery service Parcel on Tuesday, the company succeeded in entering a market that has been closed to it forever. That's a big deal.
All Work
Paul Ausick
Facebook Watch Videos Gaining (a Little) Traction
Facebook's new Watch video feature is retaining viewers significantly longer than the social media site's News Feed videos, but it still has a long way to go to catch YouTube.
Mortgage Loan Rates Tick Higher as Applications Continue to Slip
The Mortgage Bankers Association reported this morning that applications for new mortgage loans slipped last week and interest rates rose slightly on most types of mortgage loans.
How Equifax Breach Could Cost US Consumers $4.1 Billion
The three big credit reporting agencies could get a windfall of $4.1 billion in revenues as U.S. consumers freeze their credit reports following the Equifax breach. Can Congress gin up the will to stop…
Tile Shop, Ritter Pharmaceuticals Plunge into Tuesday’s 52-Week Low Club
Ritter Pharmaceuticals, Tile Shop Holdings, HCP, and SCANA all posted new 52-week lows Tuesday.
Intel, Disney Prop Up DJIA Tuesday
Intel, Disney, American Express, and Verizon boosted the DJIA to a gain on Tuesday.
High-Income Shoppers to Drive 2017 Holiday Spending Up 6%
U.S. consumers with annual household incomes greater than $60,000 are forecast to spend $1,507 on gifts, travel and entertainment this holiday season. Households with incomes below that threshold are forecast to spend $810. On…
Ford Tops September Pickup Sales, but Ram Gains Market Share
Ford's F-Series pickups were once again the country's best-selling pickups and best-selling vehicle in September. But FCA's Ram pickups were the only one of the Detroit Three to see a market share increase in…
GM September Sales Soar 12%, Inventory Overhang Cut 9%
GM sales rose 12% year over year in September, and sales of the popular Silverado pickups once again led the way. Cadillac reversed double-digit sales drops in the past two months and lifted average…
Ford September Sales Up 9% on Strong Pickup Sales
September sales rose more than 8% at Ford on the strength of a jump of 24% in pickup truck sales and an anticipated 25% jump in fleet sales.
Fiat Chrysler Sales Down 10% in September, Recalls 700,000 SUVs
Fiat Chrysler's September sales fell 10% year over year with big declines in Chrysler, Dodge and Fiat brands. FCA also announced that it is recalling about 650,000 U.S. SUVs to fix a brake problem.
CoreLogic August Home Price Index Jumps Nearly 7%
Home prices rose almost 7% nationally in August, a sharp year-over-year increase. The states of Washington and Utah posted double digit increases to lead the price hikes.
Tesla Q3 Model 3 Deliveries Fall Far Short
Tesla delivered 26,150 vehicles in the third quarter, its best performance ever. But deliveries of the new Model 3 fell far below expectations.
Equifax Breach Adds 2.5 Million More Americans to Total
Equifax announced last night that personally identifiable information on an additional 2.5 million Americans may have been stolen in the data breach first reported on September 7.
Rite Aid, JC Penney Tumble into Monday’s 52-Week Low Club
October 2, 2017: Here are four stocks trading with heavy volume among 40 equities making new 52-week lows in Monday’s session. On the NYSE, advancers led decliners by nearly 3 to 1 and on…
General Electric, Intel Lead DJIA Higher Monday
General Electric, Intel, Goldman Sachs, and JPMorgan led the DJIA to a solid gain on Monday.
GM Joins Growing List of Carmakers Going Electric
GM said this morning that the company plans to introduce at least 20 new all-electric vehicles by 2023. The company's share price hit a new 52-week high after the announcement.
New Construction Spending Up Solidly in August
New public and private construction rose month over month and year over year in August.
Americans Spend Less on Transportation Than in 1989
A new study from the University of Michigan shows that Americans on average spent less on transportation in 2016 than they did in 1989.
Financing a Problem for Nordstrom’s Go-Private Plan
Nordstrom is reportedly having trouble lining up financing for the company to take itself private. The family-controlled retailer announced its plan to go private last June.