Teva, Gilead Sciences Tumble into Monday’s 52-Week Low Club
DryShips, Teva, Endo Pharma, and Gilead Sciences posted new 52-week lows Monday.
All Work
Paul Ausick
GE, Exxon, Boeing Sink DJIA on Monday
GE, Merck, Boeing, and Exxon Mobil lead the DJIA to a small loss on Monday.
Is Sprint Crazy or Is Tidal’s Streaming Platform Worth the Money?
Perhaps not since Apple paid $3 billion for Beats has a company overpaid so much for a music company. An injection of dollars from Sprint is unlikely to solve Tidal's basic problems.
Gas Prices Slide for Second Straight Week
Gasoline prices dropped a penny last week, a second straight weekly drop as inventories build and motorists drive less.
What a New FCC Chairman Means for the Nation’s Big Internet Service Providers
President Trump reportedly is ready to name Ajit Pai as chairman of the Federal Communications Commission, a move widely believed to be a harbinger of the end to net neutrality.
What Trump’s Trade Statement Means for the Auto Industry
President Trump announced Friday the U.S. withdrawal from the Trans-Pacific Partnership trade agreement and the renegotiation of the North American Free Trade Agreement (NAFTA).
10 US Cities With the Biggest Housing Shortages
As existing home inventory shrinks, prices rise as competition for the available homes increases and that shuts out many first-time home buyers.
Why Halliburton Posted Smaller-Than-Expected Loss
Halliburton's full-year loss was slightly smaller than expected, and company's focus in 2017 will be on total returns. Analysts expect a solid gain in the first quarter as rig counts rise.
IPO Market Heats Up With 8 Launches Scheduled This Week
Eight companies are expected to issue initial public offerings (IPOs) this week, including four biotechs, two manufacturing companies, one tech firm, and one energy firm.
Trump Friend, Peter Thiel, Involved In Mexican Wireless Lawsuit
Trump transition team member Peter Thiel involved in Mexican lawsuit over $7 billion contract to operate a 4G network in the country.
Marijuana News Roundup: Biggest US Banks Are in the Cannabis Business
Contrary to public denials, Citi, BofA, JPMorgan, and Wells Fargo banks have provided services to the marijuana industry.
World’s 10 Top Producing Gold Mines
The world's 10 top producing gold mines accounted for more than 10% of global production in 2015.
Smith & Wesson Big Loser as Army Picks Sig Sauer Pistol
The U.S. Army awarded a contract valued at $580 million to Sig Sauer to purchase up to 500,000 new service pistols to replace the Beretta M9, which has been the Army's handgun of choice…
Oil Rig Count Soars by Most in 5 Years, Hedge Funds Stay Long
There were a total of 694 working oil and gas drilling rigs in the United States at the end of the week, up by 35 week over week and up by 57 year over…
Marijuana Price Rises 2% to $1,595 a Pound
For the week ended Friday, January 20, 2017, the wholesale spot price index for a pound of cannabis increased to $1,595. One gram averaged $3.95 last week.
Bristol-Myers, Target Sink into Friday’s 52-Week Low Club
Bristol-Myers, DryShips, Target, and Fitbit posted new 52-week lows on Friday.
Merck, P&G Lead Dow Stocks Higher Friday
Merck, P&G, IBM, and Exxon Mobil lift DJIA by more than 75 points on Friday.
Boeing’s South Carolina Workers File Again for Union Vote
Aerospace workers' union files with NLRB to represent about 2,850 employees at Boeing's South Carolina 787 plant.
Data Breaches Rise 40% in 2016, 37 Million Records Exposed
A record 1,093 data breaches involving 36.6 million records were reported in 2016, a jump of 40% compared with the 2015 total of 780 breaches.
5 Worst Performing Dow Stocks of 2017
Even though the new year is barely three weeks old, it's not too soon to take a look at how the 30 blue chip stocks included in the Dow Jones Industrial Average are faring.