Marijuana Price Up 3.4% to $2,096
For the week ended Friday, May 27, the spot price index for a pound of cannabis increased more than 3%.
All Work
Paul Ausick
Oil Rig Count Dropped by 2 Last Week, Hedge Funds Take a Breather
In the week ended May 27, the number of rigs drilling for oil in the United States fell to 316, according to the Baker Hughes North American Rotary Rig Count.
The 52-Week Low Club for Friday
May 27, 2016: Here are four stocks trading with relatively heavy volume among 17 equities making new 52-week lows in Friday’s session. NYSE advancers led decliners by about 2 to 1 while Nasdaq advancers…
The 4 Stocks That Bolstered the DJIA on Friday
May 27, 2016: Markets opened higher again Friday and all three major indexes traded higher for the entire session. The second U.S. first-quarter GDP estimate out this morning was lower than expected at up…
Boeing, Air Force Push Out Tanker Schedule
In a joint press release Friday afternoon, The Boeing Co. (NYSE: BA) and the U.S. Air Force are moving the formal production decision on the new KC-46A tanker program from June to August 2016.…
Nomura Analysts Remain Bullish on US Energy Sector
As the price for a barrel of crude oil continues to threaten $50, exploration and production companies remain unconvinced that it will rise beyond that level and stay there long enough to inspire them…
Thermo Fisher Pays $4.2 Billion for Microscope Maker
Thermo Fisher Scientific said Friday morning that it has agreed to acquire FEI for approximately $4.2 billion in cash.
Hercules Offshore Restructures Debt Again
Hercules Offshore has announced that it reached a restructuring support agreement with the lenders holding about 99% of its first-lien debt.
Ulta Crushes Estimates, Boosts Guidance
Ulta Beauty reported better-than-expected first-quarter 2016 results after markets closed on Thursday.
The 52-Week Low Club for Thursday
May 26, 2016: Here are four stocks trading with heavy volume among 21 equities making new 52-week lows in Thursday’s session. NYSE advancers led decliners by about 5 to 4 while Nasdaq decliners led…
The 4 Stocks That Held the DJIA Higher on Thursday
May 26, 2016: Markets opened higher again Thursday but both the Dow and the S&P weren’t up to the task of trading higher for long. The S&P 500 finally poked its nose above the…
Wells Fargo Offers Mortgage Program Aimed at Millennials, Low-Income Buyers
Wells Fargo, the nation's biggest home mortgage lender, on Thursday announced a new home loan program that requires a down payment as low as 3%.
All Prepaid Cards Not Equal in Disclosing Fees
By one estimate about a quarter of all U.S. households used a reloadable debit card in 2014, and according to Federal Reserve statistics more than 3 billion transactions were made on the cards in…
April Pending Home Sales Reach 10-Year High
The National Association of Realtors (NAR) Wednesday morning released its data on pending sales of existing homes for April.
Natural Gas Price Slips After Storage Rises More Than Expected
The EIA reported Thursday morning that U.S. natural gas stocks increased by 71 billion cubic feet for the week ending May 20.
Abercrombie & Fitch Earnings Tumble on Lower Traffic
Abercrombie & Fitch reported disappointing first-quarter fiscal 2016 results before markets opened Thursday morning.
Car Sales Move Toward Record, but GM Lags
Sales of new light vehicles (cars and pickups) are on track to set another record in 2016, even though the month of May is not expected to show a year-over-year increase.
Costco Earnings Hampered by Rising Costs
Costco Wholesale reported better-than-expected third-quarter fiscal 2016 results after markets closed on Wednesday.
The 52-Week Low Club for Wednesday
May 25, 2016: Here are four stocks trading with heavy volume among 17equities making new 52-week lows in Wednesday’s session. NYSE advancers led decliners by more than 2 to 1 while Nasdaq advancers led…
The 4 Stocks That Boosted the DJIA on Wednesday
May 25, 2016: Markets opened higher again Wednesday on news that eurozone ministers have agreed to release the next tranche of bailout money to Greece. The dollar weakened and crude oil prices rose above…