Opportunity Knocks: Vice Media Seeks Hedge Fund Investors
Vice Media is making the rounds of hedge funds, seeking $400 million in new investment according to the New York Post.
All Work
Paul Ausick
AT&T Lowers Data Plan, Under Pressure
AT&T announced two unlimited data plans this morning, joining the other three major U.S. carriers that already offer similar plans.
Avoid These 6 Mistakes When Buying a Home in a Seller’s Market
If you want to buy a house in a seller's market, take these 6 steps to give yourself the best chance of getting the home you want.
Making a Snap Judgment in This Week’s IPO Market
Social media software maker Snap Inc. hopes to raise $3 billion in the first massive IPO of 2017.
Exxon Mobil Still Dow’s Biggest Loser in 2017
Down more than 10% since the beginning of the year, Exxon Mobil is the worst performing Dow Jones Industrial Average stock in 2017.
Apple Reigns as Dow’s Best Performing Stock in 2017
Apple shares have gained nearly 18% to date in 2017, making it the leading gainer among the 30 stocks in the Dow Jones Industrial Average.
Marijuana News Roundup: The End of the War on Weed
The White House last week promised stricter enforcement of federal marijuana laws. That story leads off our weekly roundup of cannabis-related news.
Buying vs Renting a Home: What the Math Says
Is buying a home better than renting? That depends on what your goals are and how you want to live. There are good arguments on both sides of the question.
Mercedes-Benz Considers Releasing Its New Midsize Pickup in the US
Mercedes-Benz is considering offering its midsize X-class pickup in the U.S. market. Is the market large enough to support what may be the most expensive truck of its kind?
Oil Rig Count Rises by 5, Hedge Funds at Record Long Futures Positions
The U.S. oil rig count rose by five last week and crude prices rose by about 1% week over week. Hedge funds now hold long contracts on nearly half a billion barrels, a record…
Marijuana Price Dips 2% to $1,618 a Pound
The wholesale price per pound of marijuana dropped 2% last week. The week's big story, however, was the Trump administration's promise of "greater enforcement" of federal marijuana laws.
J.C. Penney, Occidental Petroleum Tumble into Friday’s 52-Week Low Club
J.C. Penney, Occidental Petroleum, Nevsun, and Nordic American Offshore posted new 52-week lows Friday.
Goldman Sachs, JPMorgan Drag DJIA Down Friday
Goldman Sachs, JPMorgan, Exxon Mobil, and Chevron weighed on the DJIA Friday.
The Cost of a Pot Crackdown: $28 Billion
If both recreational and medical marijuana use were available in all 50 U.S. states, annual tax collections could increase by as much as $28 billion.
Apple’s Smartphone Lead Over Huawei Falls Below 5%
Research firm TrendForce forecasts Samsung, Apple and Huawei as top three vendors of smartphones in 2017, with Huawei moving to just four points behind Apple in global market share.
JC Penney Posts Profit but Is the Company Disappearing Before Our Eyes?
J.C. Penney posted full-year and quarterly profits this morning and announced the closure of 130 to 140 more stores. Is the company disappearing before our very eyes?
Trump Administration’s First Words on Marijuana: ‘Greater Enforcement’
White House press secretary Sean Spicer said Thursday that Americans can expect "greater enforcement" of federal law regulating marijuana use.
Why Herbalife Earnings Didn’t Impress Investors
Herbalife beats profit estimates and meets revenues targets, but the outlook fails to impress investors.
L Brands, TripAdvisor Duck into Thursday’s 52-Week Low Club
L Brands, Gulfport Energy, TripAdvisor, and Trevena post new 52-week lows on Thursday.
Johnson & Johnson, Pfizer Lead DJIA Higher on Thursday
Johnson & Johnson, Pfizer, UnitedHealth, and Verizon lifted the DJIA on Thursday.