Appian IPO Pops 25%
Enterprise software maker Appian got a 25% share price pop on its Thursday IPO. The company sold 6.25 million shares at $12 a share to raise $75 million.
All Work
Paul Ausick
Millennials’ Go-To Source for News? Facebook
Facebook is the top news source for 40% of millennials according to a recent study. No other single news site is even close.
676 Data Breaches in 2017 as Record Pace Continues
The 2017 year-to-date number of data breaches is more than a third higher than 2016's record pace. So far this year there have been 676 incidents that have exposed more than 10 million records.
How Costco Beat Profit Estimates
Costco reported fiscal Q3 earnings that beat estimates, but profits were a bit light.
Southwestern Energy, SeaDrill Dive into Thursday’s 52-Week Low Club
Southwestern Energy, SeaDrill, Schlumberger, and Denbury Resources all posted new 52-week lows Thursday.
UnitedHealth, Travelers Boost DJIA Thursday
UnitedHealth, Travelers, Microsoft, and Caterpillar led the DJIA higher on Thursday.
GM Hit With Lawsuit Over Rigged Diesel Emissions
Automaker GM is alleged in a class-action lawsuit filed today to have installed a device to defeat emissions tests of its diesel-powered Chevy Silverado and GMC Sierra pickups.
Americans Own 238 Million Smartphones
U.S. households currently own 238 million smartphones, a year-over-year increase of 27 million, according to a new report from the Consumer Technology Association.
Natural Gas Price Dips Following Large Storage Increase
U.S. stockpiles of natural gas in storage rose by 75 billion cubic feet last week, more than analysts had forecast. That has caused the price to pull back slightly.
Tesla Injury Rate Much Worse Auto Than Industry Averages: Report
Based on filings the company made with OSHA, Worksafe reports that Tesla's incidence of injuries is higher than auto industry averages. The company points to recent improvements, but Worksafe is not convinced.
Sears Earnings Surprise Down to Store Closures, Craftsman Brand Sale
Sears posted a surprise Q1 GAAP profit and a smaller-than-expected adjusted net loss that analysts had expected. But the company is shrinking and running out of brands to sell off.
Short Sellers Still Wary of Price Rises in 3D Printing Stocks
3D printing stocks have posted impressive gains so far this year, but short sellers remain cautious even as the stock prices continue to rise.
Short Sellers Walking Away From Solar, Piling Into Alt Energy Stocks
For the short interest reporting period ending May 15, short interest dropped on two of three solar makers and rose on all four alternative fuel companies we track.
Chico’s FAS, Southwestern Energy Drop into Wednesday’s 52-Week Low Club
Chico's FAS, Southwestern Energy, Teva, and Alexion all posted new 52-week lows Wednesday.
DuPont, McDonald’s Push DJIA Higher Wednesday
DuPont, McDonald's, Visa, and Coca-Cola led the DJIA higher Wednesday.
Is the Robo-pocalyse Upon Us?
The argument over the impact of continuing technological advances on labor markets has been around at least since the Industrial Revolution introduced steam power and mechanization to the world.
Same-Day Delivery Least Popular Option Among Retailers
Traditional retailers have adopted a variety of delivery options to compete with online-only retailers, but same-day delivery is not a popular choice.
Crude Oil Prices Dip as Inventories Shrink
The U.S. commercial inventory of crude oil fell by more than 4 million barrels last week and gasoline inventories also slipped. Pump prices have not moved much, however, as refinery production remains high.
Colbert Carries CBS to First Late Night Win in 22 Years
In the week ending May 19, "The Late Show with Stephen Colbert" topped the late-night TV ratings for the first time in 22 years. Can it keep the ball rolling?
Mortgage Loan Rates Fell Last Week, Applications Rose 4%
Applications for new mortgages rose 4.4% last week and interest rates on some types of mortgages dropped to their lowest levels since November.