States With the Highest (and Lowest) Energy Costs
As hot summer weather begins to settle in over most of the United States, consumers will begin to see higher energy bills. But there is wide variation by state as a new study indicates.
All Work
Paul Ausick
OPEC Reports Higher Output, Lower Prices in June
In its June report on the global oil market, OPEC said its production rose by about 1.4% due mainly to unexpected increases in Libya and Nigeria. However, Saudi production also rose last month.
Mortgage Loan Rates Turned Higher Last Week; Applications Fall
Mortgage applications declined by more than 7% last week while interest rates increased on most types of mortgage loans.
Rite Aid, Verizon Tumble into Tuesday’s 52-Week Low Club
Rite Aid, Abercrombie & Fitch, Verizon, and Macy's all posted new 52-week lows on Tuesday.
General Electric, Boeing Hold DJIA Higher Tuesday
GE, Boeing, Goldman Sachs, and Exxon Mobil held the Dow in barely positive territory Tuesday.
EIA Forecasts Lower 2017 Gasoline Pump Prices
The US Energy Information Administration lowered is 2017 forecast for gasoline and crude prices. The lower estimates also took a little off the top of the agency's crude oil production estimate.
As Background Gun Checks Tumble, Gun Stocks Plunge 10% Since Mid-June
FBI background checks for new gun owners have dropped sharply so far in 2017, and the share prices of gun makers are also down handily in the past few weeks.
Amazon Prime Day: Black Friday in July?
Amazon Prime Day has forced many other retailers to come up with a response to the giant promotion. But there's really only one winner.
Mortgage Delinquencies Remain Near 10-Year Low
The percentage of mortgage loans 30 or more days past due fell by half a percentage point year over year in April to 4.8%.
Halcon Resources Stock Jumps 48% on $1.4 Billion Asset Sale
Oil and gas producer Halcón Resources has agreed to sell its operated assets in the Bakken shale play for $1.4 billion. The company will use some of the proceeds to pay down debt.
US Oil Exports to Quadruple Within 3 Years, Outpacing Most OPEC Producers
U.S. exports of crude oil could quadruple in three years time, according to a long-time industry analyst. If that occurs, the United States would be among the top 10 crude oil exporters in the…
June Small Business Optimism Slips, Pay Dips 4%
U.S. small business optimism declined slightly month over month in June and is down more than two points since a recent peak in January.
General Electric, Abercrombie & Fitch Sink into Monday’s 52-Week Low Club
GE, Abercrombie & Fitch, Intel, and Macy's all posted new 52-week lows Monday.
Visa, Nike, Boost DJIA on Monday
Visa, Nike, Caterpillar, and Microsoft led the DJIA to a small gain Monday.
China Replaces US as Largest Producer of Renewable Energy
Total Chinese electricity generation from renewable sources surpassed US generation last year, while overall renewable generation rose by 14.1% year over year in 2016.
Frontier Gets Boost From 1-for-15 Reverse Split, Yield Drops to 1%
A Frontier Communications one-for-15 reverse stock split became effective this morning, and the stock was trading more than 2% higher in the early afternoon.
Why Are Baby Products Selling So Poorly?
Sales of baby products like diapers, car seats, and food have declined among all U.S. income groups except those earning more than $150,000 a year.
Tesla Gets Good News on Model 3, Bad News From Hong Kong
Tesla rolled out its first production Model 3 sedan last Friday, but that achievement was offset this morning that Hong Kong sales fell to zero in April following the government's decision to slash incentives…
Amazon Takes Aim at Best Buy’s Geek Squad
Amazon has quietly rolled out a home installation and consulting service that competes with Best Buy's Geek Squad.
IPOs This Week: Another Quiet Week Ahead
The IPO calendar for the week of July 10 includes two biotech firms, one of which is new and the other is returning after postponing is planned offering last week.