Florida House Hits Market For $195 Million
The average price for a house in Manalapan, Florida, is $255,000. It’s pretty safe to say that a house selling for $195 million is not an average house. In fact, it may have raised…
All Work
Paul Ausick
Marijuana Weekly News Roundup
Medical marijuana dispensaries in Montana will close on August 31 if a recently filed appeal with the U.S. Supreme Court is denied. Medical cannabis suppliers have been fighting against restrictions against the industry since…
Oil Rig Count Drops by 10, Hedge Funds Raise Short Bets
In the week ended May 13, the number of rigs drilling for oil in the United States fell to 318, according to the Baker Hughes North American Rotary Rig Count.
GM Halts Sales of 60,000 SUVs for Incorrect EPA Labels
An "inadvertent error" listing an incorrect EPA fuel economy rating on about 60,000 crossovers from GM led the company to tell dealers to stop selling the vehicles until the labels can be replaced.
Marijuana Price Nears $2,200
For the week ended Friday, May 13, the spot price index for a pound of cannabis increased more than 2%.
The 52-Week Low Club for Friday
May 13, 2016: Here are four stocks trading with heavy volume among 89 equities making new 52-week lows in Friday’s session. NYSE decliners led advancers by 2 to 1 while Nasdaq decliners led advancers…
The 4 Stocks That Tanked the Dow on Friday
May 13, 2016: Markets opened slightly lower Friday as the dollar strengthened and oil prices dipped. By late afternoon every sector traded in the red for the day with financials, industrials, and consumer staples…
Freeport-McMoRan Cancels Rig Contracts, Agrees to Pay $600 Million
Freeport-McMoRan on Friday announced that it had reached an agreement with Noble Drilling to cancel two drilling rig contracts.
Ford Market Share in Europe Dips in April, Jeep Leads Chrysler to Gain
New vehicle registrations in the European Union rose about 9% in April, led by Germany and the United Kingdom.
How Nordstrom Can Stop the Bleeding
The past week has not been kind to retail stocks. A seemingly endless parade of missed expectations was capped off after the market closed Thursday when Nordstrom reported.
Petrobras Posts Big Loss on Lower Production, Prices
Petrobras reported disappointing first-quarter 2016 earnings after markets closed on Thursday.
April Retail Sales Rise 1.3%
The U.S. Census Bureau released advance estimates of retail and food services sales for April on Friday morning.
Will Investors Lose Patience With JC Penney Turnaround?
J.C. Penney reported mixed first-quarter 2016 results and updated guidance before markets opened Friday morning.
OPEC Crude Price Up 40% in 2016
In its Monthly Oil Market Report for May, OPEC noted that its price for its reference basket rose for a third consecutive month.
Nordstrom Earnings Continue the Bloodletting in Retail
Nordstrom Inc. (NYSE: JWN) reported first quarter 2016 results after markets closed Thursday evening. The department store giant posted quarterly diluted earnings per share (EPS) of $0.26 on revenues of $3.2 billion. In the…
The 52-Week Low Club for Thursday
May 12, 2016: Here are four stocks trading with relatively heavy volume among 106 equities making new 52-week lows in Thursday’s session. NYSE advancers led decliners by a small margin while Nasdaq decliners led…
The 4 Stocks That Buoyed the Dow on Thursday
May 12, 2016: Markets opened higher on Thursday despite the report that new claims for unemployment benefits had risen more than expected. Equities drifted below the break-even line by mid-morning and stayed there until…
What to Expect from JC Penney Earnings
Before markets open Friday morning, retailer J.C. Penney is scheduled to report first-quarter 2016 results.
Alphabet Market Cap Leaps Over Apple to Top Spot
On Thursday, Alphabet once more topped the rankings of the world's most valuable companies when its market cap reached short of $500 billion, nearly $2 billion more than Apple's market cap.
Chesapeake Issues More Stock to Pay Down Debt
Chesapeake Energy announced Thursday morning that it had agreed to issue more than 28 million shares of common stock in exchange for $153 million in outstanding debt.