Are You Being Cheated When You Buy Lumber at Home Depot?
Two lawsuits are seeking class-action damages from two home improvement chains for advertising and selling lumber that does not meet the specified dimensions of the material.
All Work
Paul Ausick
America May Be Aging, but Millennials Are Taking Over
The median age in the U.S. continues to rise as the baby boom generation gets older. The Millennial generation is catching up in numbers, though, and the most common ages of Americans are now…
3.6 Billion Mobile Ad Clicks Are Fraudulent
Nearly a quarter of all digital ad networks have click fraud levels above 20%. This costs advertisers serious cash and could cost consumers free access to the wealth of information available on the worldwide…
JC Penney, Fitbit to Get Dumped From Russell 1000 Index
The FTSE Russell 1000 and Russell 2000 indexes will be reshuffled at the end of Friday's trading session. A host of well-known names will change places, with energy and retail stocks looking to be…
US Travel Group Urges US Airlines to Quit ‘Griping’ About Foreign Competition
The U.S. Travel Association views the potential Qatar Airways purchase of American Airlines stock as an opportunity for U.S. carriers to end their long-running dispute with Persian Gulf carriers.
Hain Celestial, DryShips Drop into Thursday’s 52-Week Low Club
Hain Celestial, DDR Corp., DryShips, and Marathon Oil all posted new 52-week lows Thursday.
Goldman Sachs, Wal-Mart Weigh on DJIA Thursday
Johnson & Johnson and Merck were the top performers among the Dow 30 stocks Thursday while Goldman Sachs and Wal-Mart were the big laggards.
The Defense Industry Also Showed Up at the Paris Air Show
The big news from the Paris Air Show this week has been the better-than-expected sale of commercial jets by both Boeing and Airbus. Most of the major U.S. defense contractors also showed up to…
Natural Gas Price Slips as Storage Increase Tops Forecast
U.S. natural gas supplies added 61 billion cubic feet last week, more than analysts had forecast. The weighed on prices, which fell about 2 cents per million BTUs.
If Qatar Airways Buys Into American, Who’s Next?
Qatar Airways has said it plans to acquire up to a 10% stake in American Airlines. Will either of the other two major Persian Gulf carriers follow suit?
Could Oil Fall to $40 a Barrel — or Even Less?
Crude oil production break-even costs in the Bakken shale play now average less than $40 a barrel. That could mean that spot prices could fall below that level.
2017 Data Breaches Nearly 30% Higher Than 2016’s Record Pace
The latest count from the Identity Theft Resource Center indicates that there have been 758 data breaches recorded this year through June 20 and that more nearly 12 million records have been exposed since…
Boeing Claims $75 Billion in Sales at Paris Air Show
Thursday marks the closing of this year's Paris Air Show. Boeing and Airbus combined to write orders valued at nearly $115 billion.
Frontier Communications, Whiting Petroleum, Ensco Stumble into Wednesday’s 52-Week Low Club
Frontier Communications, Whiting Petroleum, Ensco, and Transocean posted new 52-week lows on Wednesday.
Caterpillar, DuPont Weigh on DJIA Wednesday
Caterpillar, DuPont, Chevron, and General Electric were the big losers among the Dow 30 stocks on Wednesday.
Global Economy Getting Stronger: Fitch Ratings
Analysts at Fitch Ratings have raised their estimate of global GDP growth for 2017 and 2018 before dipping slightly in 2019. Key risks include eurozone instability and potential U.S. protectionism.
Crude Oil Price Gets Momentary Boost Following EIA Inventory Report
The U.S. crude oil inventory dropped by 2.5 million barrels last week, but refinery run rates remain above 17 million barrels a day and gasoline production rose by 400,000 barrels a day week over…
Million Dollar California Homes Set Q1 Sales Record
More than 10,000 California homes valued at more than $1 million were sold in the first quarter of 2017, a record first-quarter total, while sales of homes priced under $500,000 fell to a nine-year…
Boeing Claims More 737 MAX 10 Orders, Reveals Some Details on New Midsize Jet
Boeing has written orders and commitments for more than 650 of its new 737 MAX 10 passenger jet during this year's Paris Air Show. The company is also looking ahead to a new airplane…
Saudi King Appoints New Successor
Saudi King Salman has appointed his son as crown prince, essentially naming Mohammed bin Salman as the king's successor. This is a bigger change than it may at first appear to be.