Crude Oil Price Soars on OPEC Deal, Inventory Change Not a Factor
U.S. commercial crude inventories decreased by 900,000 barrels last week, according to the latest U.S. Energy Information Administration petroleum status report.
All Work
Paul Ausick
What Could Go Wrong for Boeing Under a Trump Administration?
After every U.S. election, the losers very likely ask themselves, "Well, what's the worst that could happen?" Should Boeing be asking itself that same question?
How Heavy Discounts Eroded Holiday Weekend Sales
Half of American shoppers believe that the best deals of the year are available on Black Friday. How then to account for the fact that those shoppers turned out in larger numbers than last…
Mortgage Loan Rates at Multi-Month Highs Last Week
The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week decrease of more than 9% in the group's seasonally adjusted composite index for the week ending November 25.
Fitbit, Vodafone Sink into Tuesday’s 52-Week Low Club
November 29, 2016: Here are four stocks trading with relatively heavy volume among 39 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by fewer than 100 issues and…
Boeing, UnitedHealth Dominate DJIA Tuesday
November 29, 2016: Markets opened higher Tuesday following the Commerce Department’s second estimate of third quarter GDP growth of 3.2%. The Conference Board’s consumer confidence index has returned to pre-recession levels. Tuesday’s best performing…
Apple Analyst Predicts Record Second-Half 2017 iPhone Sales
Less than a month ago, KGI analyst Ming-Chi Kuo predicted that sales of the Apple Inc. (NASDAQ: AAPL) iPhone 7 line would decline in the first half of 2017 as a result of weak…
Want a Green Apartment? Be Prepared to Pay a Lot More
Of more than 14 million U.S. apartments in buildings with 50 or more units, the number of green apartments expected by the end of 2016 represents less than 2% of the total.
Americans Spend Record $3.45 Billion on Cyber Monday
Cyber Monday 2016 is now in the books with, as expected, a new record for the largest online sales day in history.
McDonald’s Workers Demonstrate Again for $15 Wage
In a series of demonstrations and strikes taking place Tuesday, November 29, workers in a variety of jobs and industries will continue to press demands for a $15-an-hour minimum wage, along with other benefits.
Home Prices at New All-Time High: S&P/Case-Shiller
The S&P/Case-Shiller national home price index rose to a record high in September, surpassing the previous high set in July 2006 at the peak of the housing boom.
Hedge Funds Added Long Positions Ahead of OPEC Meeting
The latest Commodity Futures Trading Commission weekly Commitments of Traders report indicates that hedge funds were paring their short positions in the futures market for WTI crude oil.
November New Car Sales Poised to Set Record
Automakers are set to release their U.S. sales data for November, and it's impossible to find an analyst who doesn't think that reported sales will set an all-time record for the month.
Will Apple Add 3D Camera to the iPhone?
Apple and a subsidiary of LG Electronics reportedly are working on development of a 3D camera for a new iPhone. The camera could be available as soon as the second half of next year.
Vodafone, Towerstream Slide into Monday’s 52-Week Low Club
November 28, 2016: Here are four stocks trading with relatively heavy volume among 28 equities making new 52-week lows in Monday’s session. On the NYSE, decliners led advancers by nearly 2 to 1 and…
Nike, Visa Lead DJIA Down on Monday
November 28, 2016: Markets opened lower Monday after a long weekend of eating and shopping. There was no economic news of note, so this may just be a pause in an equity price run-up…
Data Breaches Expose 34 Million Records to Date; Army Wants to Be Hacked
The latest data breach count from the Identity Theft Resource Center has 901 data breaches recorded so far this year and more than 34 million records exposed.
Adobe: Cyber Monday on Track to Hit $3.36 Billion
Between midnight and 10:00 a.m. on Cyber Monday, consumers had already spent some $540 million for online purchases. That represents year-over-year sales growth of more than 9%.
Boeing, Airbus Both Claim Victory After WTO Ruling
This could be the first shot fired in a global trade war, if President-Elect Trump chooses to make it so. While there may be no logical reason to launch such a trade war, politics…
OECD Calls for More Spending to Stimulate Growth
The OECD's 2016 Economic Outlook could have been written with the results of the U.S. election in mind, even though that is probably not what happened.