Versartis, Intercept Pharma Plunge into Friday’s 52-Week Low Club
Versartis, Intercept Pharma, Kroger, and Mattel all posted new 52-week lows on Friday.
All Work
Paul Ausick
Apple, UnitedHealth Weigh on DJIA Friday
Apple, UnitedHealth, Walmart, and Merck led the losers among the Dow 30 stocks on Friday.
Oil Rig Count Drops by 1, Total Rigs Now Up 424 Year Over Year
The Baker Hughes rig count for this shows five fewer oil rigs operating this week, offset by a rise of four rigs drilling for natural gas.
US Solar Panel Makers Win US Trade Ruling
Two bankrupt U.S. solar panel makers won a ruling from the U.S. International Trade Commission that could lead to tariffs on solar panels imported into the United States.
US Airlines Collected $200 Billion in Fees Last Year
A new study by the Government Accountability Office urges more transparency in how airlines disclose the many options available to passengers. Good luck with that.
Retail Store Closures Up Nearly 200% in 2017
U.S. retailers have closed nearly three times as many stores so far this year as were closed in all of last year. Will all these closures really help them stay in business?
OPEC Meeting Ends With No Extension to Production Cuts
OPEC has concluded its meeting in Vienna satisfied that its production cuts are working to rebalance oil markets. The cartel and its partners did not extend the cuts beyond the end of the first…
Phillips 66 Unloads Dakota Access Pipeline, Other Assets on MLP
Phillips 66 Partners has agreed to pay $1.7 billion to acquire Dakota Access Pipeline assets from Phillips 66 and assume $725 million in Phillips 66 debt.
Mercedes-Benz Expands Electric Vehicle Production at Alabama Plant
Daimler has announced a $1 billion expansion to its Tuscaloosa, Alabama, Mercedes-Benz assembly plant to accommodate manufacturing of its EQ line of electrified SUVs.
The Best and Worst Customer Service in the Airline Industry
Despite all their promotions and rewards programs, U.S. airlines still fall short when it comes to customer service.
Kroger, Bed Bath & Beyond Dive into Thursday’s 52-Week Low Club
Kroger, Bed Bath & Beyond, Intercept Pharmaceuticals, and Mattel all posted new 52-week lows on Thursday.
Apple, Procter & Gamble Sink the DJIA Thursday
Apple, P&G, Johnson & Johnson, and Verizon led the DJIA lower on Thursday.
1.9 Billion Records Breached in First Half of 2017, 122 Records per Second
Nearly 2 billion records have been exposed in the first half of 2017, an increase of 164% compared to the last half of 2016. And that doesn't include 143 million records exposed in the…
Natural Gas Price Drops After Big Storage Addition
The U.S. natural gas stockpile rose by 97 billion cubic feet last week, higher than analysts expectations. Natural gas had already been trading lower, and fell further on the news.
US Homeowner Equity Rises 10.6% Year Over Year in Q2
Homeowner equity rose by nearly 11% year over year in the second quarter of 2017. That amounts to about $766 billion on total U.S. homeowner equity of $8 trillion.
Air Force Contract for New Training Jet in Jeopardy
The Air Force contract for a new training jet could be delayed if Congress does not pass a budget bill to replace the continuing resolution that expires in December.
S&P Cuts Credit Rating on China and Several of Country’s Top Banks
Ratings agency Standard & Poor's has cut China's sovereign debt rating by one notch to A+. The lowered rating has also spread to include several of the country's top banks.
Amazon Launches Cheap New Tablet
Amazon has introduced the next generation of its Fire 7 tablet. The new device keeps the same low price and adds several incremental improvements. The low end of the market must be treating Amazon…
The Best and Worst Customer Service in the Mobile Carrier Industry
Mobile network carriers are an integral part of most Americans' lives now, but the four big carriers still receive low scores when it comes to customer service.
Bed, Bath & Beyond, General Mills Tumble into Wednesday’s 52-Week Low Club
Bed Bath & Beyond, General Mills, Kellogg, and Uniti Group all posted new 52-week lows Wednesday.