Q4 Mortgage Fraud Risk Up 13%; Risk Greatest in Florida
Mortgage fraud risk up 13% sequentially in the fourth quarter, according to latest report from CoreLogic.
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Paul Ausick
Schlumberger Q4 Earnings Flat, Revenues Slide, Hope Abounds
Oil field services firm Schlumberger shows some signs of life after two years of pain. Revenues rose sequentially and the company is optimistic about rebalancing in the oil market and further investments in North…
Why General Electric Posted Disappointing Q4 Earnings, Revenues
General Electric revenues and profits slide in the fourth quarter as oil and gas segment revenues dive 22%.
American Express Earnings Not as Good as Guidance
American Express profits drop 8%, but outlook for 2017 is stronger than analysts had expected.
Exxon Mobil, Merck Weigh on DJIA Thursday
Exxon Mobil, Merck, Goldman Sachs, and Pfizer sink the DJIA on Thursday.
Target, DryShips Tumble into Thursday’s 52-Week Low Club
DryShips, Fitbit, Target, and GNC posted new 52-week lows on Thursday.
Spirit, Frontier Airlines Frequent Flyer Programs Judged Worst in US
Delta Air Lines and Hawaiian Airlines have the best frequent flyer programs; Spirit and Frontier the worst, according to WalletHub.
Crude Oil Price Staggers After Larger-Than-Expected Increase in Inventories
Crude oil inventory rises by about 2 million barrels, pushing prices down by about 2% for February crude. Gasoline stockpiles rose by 6 million barrels even as refiners operated at a lower rate for…
Natural Gas Price Dips on Larger-Than-Expected Inventory Decline
Natural gas prices are expected to remain depressed as the most recent forecasts for the last two weeks of January have turned warmer than previously expected, dampening expected demand for heating fuel.
Why Credit Suisse Remains So Positive on Kinder Morgan
Credit Suisse registers confident tone on Kinder Morgan following a so-so quarterly report from the energy pipeline company on Wednesday.
December Housing Starts Jumped 11%
The U.S. Census Bureau reported Thursday morning that new housing starts in December jumped to a seasonally adjusted annual rate of 1.226 million, an increase of 11.3% month over month and 5.7% year over…
France’s Safran to Pay $9 Billion for Aircraft Seat Maker Zodiac
Aerospace industry merger between Safran and Zodiac to create world's third-largest supplier to the industry. Deal is worth about $9.7 billion, including assumption of Zodiac's debt.
Crude Oil Price Strengthens After IEA Reports Much Lower December Production
IEA reports global oil production in December fell by 600,000 barrels a day. Increased production by non-OPEC countries is expected to add 385,000 barrels a day to 2017 production.
Kinder Morgan Treading Water as Revenues Dip, Investors Losing Patience
Kinder Morgan posts Q4 profit, but misses estimates on earnings and revenues. Decline in distributable cash flow continues through 2017, and investors are pulling out in after-hours trading.
Macy’s, DryShips Slide into Wednesday’s 52-Week Low Club
Macy's, DryShips, Fitbit, Mallinckrodt make new 52-week lows Wednesday.
UnitedHealth, Exxon Mobil Drag DJIA Down Wednesday
UnitedHealth, Exxon Mobil, Verizon, Nike weigh on DJIA Thursday.
$50 Million Gets You Seattle’s Top Marijuana Retail Stores
Seattle's two top-ranked retail marijuana chains have joined forces and put their six retail outlets on the market for a cool $50 million.
Consumers Want Premium Products — and They’re Willing to Pay for Them
As the world's middle class expands, demand for premium products in a variety of categories is growing very quickly.
January Homebuilder Confidence Dips Slightly in January
Homebuilder confidence slips slightly in January but remains solidly positive on hopes for help from a new Congress and presidential administration.
OPEC Reports 20% Jump in Crude Prices in December
Crude oil production dropped by 221,000 barrels a day among OPEC producers, according to the cartel's December oil market report.