Crude Oil Price Bounces Higher as Inventory Dips
The U.S. crude oil stockpile fell by less than expected last week, giving crude prices a bit of a shot in the arm following the EIA report Wednesday morning. Crude prices remain well below…
All Work
Paul Ausick
New Home Sales Tumble in July
Sales of new homes fell by more than 9% month over month in July according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Sales dropped nearly…
Facebook Faces Network, Demographic Issues
Reports from the U.K. and the U.S. indicate that some Facebook users are unable to reach the social network this morning. A more difficult problem for the company may be that it's losing its…
How Vulnerable Is the US Electricity Grid to a Cyberattack?
A new report from the President's Infrastructure Advisory Council examines the threat of cyberattacks on the nation's critical infrastructure, including the power grid and the communications network.
Lowe’s Earnings, Lowered Guidance Disappoint Investors
Home improvement retailer Lowe's reported adjusted profit this morning that missed estimates and revenues that were also a little short. The company also lowered guidance on full-year operating margin.
Mortgage Loan Rates Moving Sideways, Application Numbers Slip
Applications for new mortgage loans dipped slightly last week even as mortgage rates mostly moved sideways.
Coty, Teva Crash into Tuesday’s 52-Week Low Club
Coty, Teva, Whiting Petroleum and Foot Locker all posted new 52-week lows Tuesday.
Cisco, Caterpillar Lead DJIA Higher Tuesday
Cisco Systems, Caterpillar, Disney, and Apple were the top gaining stocks on the DJIA index Tuesday.
Dakota Access Pipeline Builders Sue Greenpeace, Others on Racketeering Charges
Energy Transfer Partners and its general partner have filed a lawsuit against groups that sought to stop the Dakota Access Pipeline, seeking compensatory damages that could run into the hundreds of millions.
Defense Contracts Go to Boeing, Northrop to Begin $1.5 Trillion Upgrade to US Nuclear Arsenal
The U.S. Air Force has awarded two contracts worth nearly $700 million to Boeing and Northrop as the first step in a proposed upgrade to the U.S. nuclear weapons arsenal.
BHP Billiton to Sell Assets It Never Should Have Purchased
BHP Billiton plans to sell U.S. onshore shale assets the company purchased more than five years ago for about $20 billion. That is nowhere near what the divestment will fetch today.
Ford Looks to Chinese Joint Venture to Catch Up in Electric Car Market
Ford said it has signed a memorandum of understanding with a Chinese automaker to discuss the establishment of a 50-50 joint venture to develop, produce, market and service a new line of all-electric passenger…
How Automatic Payments Take the ‘Free’ Out of Free Trials
Is that free trial offer you just signed up for really free? Or does it come with a recurring payment that you didn't notice when you clicked 'OK'?
Why Toll Brothers Earnings Are Taking the Stock Down
Homebuilder Toll Brothers beat profit estimates this morning, but revenues were a little short and full-year guidance was cut at the top-end.
Does It Matter That Airbus Now Delivers Airplanes From 3 Continents?
Aircraft maker Airbus is set to deliver on Friday the first A320 built in the U.S. to Spirit Airlines, the U.S.-based ultra low-cost carrier. The European company now has plants on three continents building…
Chesapeake Energy, General Electric Amble into Monday’s 52-Week Low Club
Chesapeake Energy, General Electric, Vipshop, and FootLocker all posted new 52-week lows on Monday.
Home Depot, Cisco Systems Buoy DJIA on Monday
Home Depot, Cisco Systems, Verizon, and DuPont kept the Dow in positive trading territory Monday.
Is Toyota Spending on NASCAR Paying Off?
Toyota spends more than any other company on NASCAR racing. But is the spending paying off in dealer showrooms?
French Energy Giant Total Acquires Maersk Oil in $7.5 Billion Deal
French energy supermajor Total said this morning that it had acquired Maersk Oil in a deal valued at $7.5 billion including debt.
A First Look at the 2017 Holiday Shopping Season Indicates E-Commerce Spending Surge
E-commerce sales are expected to jump during this year's holiday shopping season., as traditional retailers step up their online game -- and their discounts.