Cisco, Goldman Sachs Prop Up DJIA on Wednesday
Cisco Systems, Goldman Sachs, Caterpillar, and Microsoft were helping the DJIA stay in the green Wednesday.
All Work
Paul Ausick
1.5 Million Americans a Year Make Medication Errors
Taking more than a prescribed amount of medication leads to nearly 1.5 million calls annually to U.S. poison control centers.
Amazon Alexa, Microsoft Cortana Devices Will Soon Talk to Each Other
Amazon and Microsoft this morning announced an agreement that will result in users being able to use each company's voice-recognition software to talk to devices made by the other.
The 10 Least (and Most) Healthy US Metro Housing Markets
Some U.S. housing markets have experience price appreciation of more than 60% over the past 5 years, but some of these are among the least healthy of the nation's 100 largest metro areas.
Crude Oil Price Sinks as Inventory Drop Is Offset by Gasoline Stockpile
Crude oil inventories dropped last week, ahead of the major impact from tropical storm Harvey, but gasoline inventory levels are keeping pressure on crude prices. That could change when next week's report is released.
Strong Q2 GDP Report Gets Big Ho-Hum From Markets
Stronger-than-expected second-quarter GDP growth got its biggest boost from consumer spending and its biggest anchor from residential fixed investments (home buyers).
Harvey Could Become Costliest Ever US Natural Disaster
Damage in the Houston area from tropical storm Harvey could rise as high as $160 billion, according to an estimate from Accuweather.
Mortgage Loan Rates Dip to 9-Month Lows
Applications for new mortgage loans slipped last week even as loan rates on the popular 30-year fixed rate mortgage dipped to a nine-month low.
Tuesday’s Biggest Winners and Losers Among the S&P 500
The S&P 500 index stock posting the largest drop Tuesday was Best Buy while United Rental was the best performer for a second straight day.
Finish Line, General Electric Tumble into Tuesday’s 52-Week Low Club
Finish Line, Chesapeake Energy, General Electric, and Teva all posted new 52-week lows Tuesday.
Boeing, Apple Lift DJIA on Tuesday
United Technologies, Apple, Boeing, and Walmart paced the DJIA to a gain on Tuesday.
Retailers on Track for Solid Gain in Back-to-School Sales
The back-to-school shopping season is the second-most important of the year for retailers. Sales look to be stronger this year, even accounting for the effects of tropical storm Harvey in the fourth-largest U.S. city.
If President Trump Wants Tariffs, the Solar Industry Is Target #1
President Trump's weekend demand that his staff bring him a tariff to sign puts the U.S. solar industry squarely in the frame as the leading target.
Apple Spars With Studios Over 4K Video Pricing
Apple and several Hollywood studios are discussing pricing for Apple to make 4K and HDR content available on the company's soon-to-be-released new version of Apple TV.
June Home Prices Continue Steep Rise: Case-Shiller
Home prices continued climbing in June according to the latest S&P CoreLogic Case-Shiller index. U.S. home prices posted a year-over-year gain of 5.8% in June.
Did Freeport-McMoRan Give Up Too Much in Indonesian Deal?
Gold and copper miner Freeport-McMoRan has announced an agreement with the government of Indonesia over a long-running dispute related to one of the world's largest copper and gold mines.
Production, Refineries Coming Back From Harvey
Tropical storm Harvey is expected to dump more rain Tuesday on already-saturated areas around Houston. Oil and gas production is restarting, but refining capacity is returning more slowly.
Best Buy’s Earnings Pushing Stock to All-Time High, Then It Collapses
Best Buy beat both profit and revenue estimates this morning and raised guidance for the current quarter and the full-fiscal year.
Monday’s Biggest Winners and Losers Among the S&P 500
The S&P 500 closed nearly flat Monday, as did the Dow Jones Industrial Average. The Nasdaq Composite added about 0.3%.
Chesapeake Energy, Teva Slump into Monday’s 52-Week Low Club
Chesapeake Energy, Teva, Vipshop, and Denbury Resources all posted new 52-week lows Monday.