Mortgage Loan Rates Mixed Last Week, Applications Falter
New applications for mortgage loans dropped last week while interest rate changes were mixed. Rates have moved down this week, however, as bond yields have dropped along with equity prices.
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Paul Ausick
Why FedEx Earnings Were Less than Investors Hoped For
FedEx reported Q3 adjusted diluted EPS of $2.07 on revenues of $15 billion. Q3 results compare to the Thomson Reuters consensus estimates for EPS of $2.62 and $14.99 billion in revenue.
Rite Aid, Valeant Drop into Tuesday’s 52-Week Low Club
Rite Aid, J.C. Penney, Valeant, and Cobalt Energy all posted new 52-week lows on Tuesday.
Goldman Sachs, JPMorgan Sink DJIA Tuesday
Goldman Sachs, JPMorgan, Caterpillar, and Boeing led the Dow Jones Industrial Average to a significant loss on Tuesday.
America’s Favorite Classic Cars
AutoNation reviewed nearly 200,000 Instagram posts to find the American classic cars most mentioned and most liked models. The results might be surprising.
Kickstarting America’s Stalled Productivity Growth
In each of the past three years, U.S. productivity has risen less than 1%, well below an average of about 2.2% since the end of World War II. Josh Bivens suggests how to raise…
Apple Launches New iPad, iPhones, Video App
Apple launched a new 9.7-inch, budget-priced iPad, two new iPhones, and a (free) video-editing app this morning.
Q4 Mortgage Loan Quality Remains High, but Higher Interest Rates Could Increase Fraud Risk
Fourth-quarter home loan originations remain at a very high-quality level, according to CoreLogic. Rising interest rates, however, could pose increased risk of loan fraud.
Why Investors Are Running Away From Canadian Solar After Earnings
Canadian Solar missed analysts estimates when it reported quarterly and full-year earnings Tuesday morning. The outlook for the first quarter didn't soothe investors either.
Amazon’s Alexa Adds Voice Shopping for Prime Now
Amazon Prime members can now use the company's Alexa digital assistant to order items from the company's Prime Now service and get free two-hour delivery.
Target, JC Penney Slide Into Monday’s 52-Week Low Club
DryShips, Target, J.C. Penney, and Aevi Genomic Medicine all posted new 52-week lows Monday.
Apple, Disney Lead DJIA Higher Monday
Caterpillar, Nike, Disney, and Apple pushed the DJIA toward a small gain Monday.
Will New Samsung Phones Undercut Coming Apple iPhone 8?
Samsung has scheduled an event for next week that is expected to introduce the company's new Galaxy S8 and S8+ smartphones. Are the new devices a threat to Apple's strength at the high-end of…
Despite Energy Sector Weakness, Why Merrill Lynch Raised Its Energy Weighting
Analysts at Merrill Lynch are raising the firm's official investor weighting in the energy sector from Market Weight to Overweight, and cutting the consumer discretionary sector from Overweight to Market Weight.
Gas Prices Decline for a Second Straight Week
The U.S. average price for a gallon of regular gas is $2.29 Monday morning, down a penny compared with last week and an unusual second consecutive weekly decline in the pump price.
Who Is Getting the Best Pay Raises?
CEO pay went up nearly 7% last year, while hourly wages rose by less than half that amount. Employees may have to be more forthright in asking for a raise, but their chances of…
The 13 Cities Getting 5G
Telecom giants Verizon and AT&T are preparing to roll out tests of 5G network technology in several U.S. cities during 2017, even though full implementation of the technology is still years away.
6 Insider Tips for Home Buyers
Give yourself the best chance to avoid a costly mistake and get the home you want by paying attention to these six insiders tips when hunting for a home.
IPOs 4-for-4 Last Week with 2 On-Deck for the Week of March 20
Following a week where four IPOs raised $1.1 billion, the pace for the coming week slows a bit with 2 offerings on the calendar looking to raise about $177 million.
Exxon Mobil Is DJIA’s Worst Performing Stock in 2017
Exxon Mobil shares closed down slightly on Friday and now have lost about 9.5% of their value in the year to date.