Oil Rig Count Down by 6, Hedge Funds Shedding Short Contracts
In the week ended March 11, the number of rigs drilling for oil in the United States totaled 386, according to the latest Baker Hughes North American Rotary Rig Count.
All Work
Paul Ausick
Marijuana Price Steady at $1,918
For the week ended Friday, March 11, the spot price index for a pound of cannabis was essentially unchanged from the prior week.
The 52-Week Low Club for Friday
March 11, 2016: Here are four stocks trading with heavy volume among 16 equities making new 52-week lows in Friday’s session. Celldex Therapeutics Inc. (NASDAQ: CLDX) posted a new 52-week low on Friday. Shares…
The 4 Stocks That Dominated the Dow on Friday
March 11, 2016: Markets opened higher again on Friday and held on to the early gains all day. Energy and financials stocks led the gainers and only 2 of 10 sectors posted losses: consumer…
Oil and Gas Blank-Check Company KLR Energy Completes IPO
Blank-check company KLR Energy Acquisition completed an IPO Friday morning, raising $80 million on the sale of 8 million units at a per unit price of $10.
GM Gets Serious About Self-Driving Cars
GM announced Friday that it is acquiring a Silicon Valley startup that is developing technology for self-driving vehicles.
Cable Companies Added 3 Million Broadband Subscribers in 2015
The top 17 cable and telephone providers, representing some 94% of the U.S. market, added a net new 3.1 million subscribers in 2015.
2016 Data Breaches Have Exposed 4.3 Million Records
The Identity Theft Resource Center reports that there has been a total of 139 data breaches recorded through March 8, 2016, and that more than 4 million records have been exposed since the beginning…
Wal-Mart Uses March Madness to Sell TVs
Some models and pricing are in line with Wal-Mart's Super Bowl TV pricing. The free shipping offer is an enhancement from the Super Bowl offer of free value shipping or store pickup.
IEA Reports Global Oil Supply Declined Again in February
In its March report, the IEA said that February's global crude oil supply declined by 180,000 barrels a day year over year and averaged 96.5 million barrels a day.
VeriFone Beats Estimates, Raises Guidance
VeriFone Systems Inc. (NYSE: PAY) reported fiscal first quarter 2016 results after markets closed Thursday. The electronic payments company reported adjusted diluted earnings per share (EPS) of $0.48 on $514 million in revenues. In…
The 52-Week Low Club for Thursday
March 10, 2016: Here are four stocks trading with heavy volume among 45 equities making new 52-week lows in Thursday’s session. J2 Global Inc. (NASDAQ: JCOM) posted a new 52-week low on Thursday. Shares…
The 4 Stocks That Weighed on the DJIA Thursday
March 10, 2016: Markets opened higher again on Thursday but couldn’t hold on after the European Central Bank made some big changes to its policy and then called further interest rates cuts unlikely. Energy…
Ride-Sharing No Immediate Threat to Automakers
Nearly three-quarters of Americans either own or have access to a motor vehicle, and most of those expect to be driving themselves to where they want to go. At least in the next six…
Fast-Food Workers in Florida Walkout to March on GOP Debate
Fast-food workers in Miami walked off their jobs Thursday, just hours before the Republican candidates' debate Thursday evening.
March Madness Could Cost Employers $4 Billion
The NCAA basketball championship tournament, aka March Madness, may be a high-point for sports fans. It is anything but for employers who see a productivity decline during the playoffs.
More Than Half of Startups Looking to Be Acquired
The long-term exit strategy for more than half of U.S. technology and life sciences startups is to be acquired, according to Silicon Valley Bank.
Natural Gas Price Slips on Moderate Storage Drawdown
Weather forecasts are calling for more mild weather ahead, and the outlook for natural gas demand remains low to very low.
Nevada, Florida, Illinois Have Most Underwater Mortgages
Of more than 46 million mortgaged residential properties in the United States at the end of the fourth quarter of 2015, more than 10 had a mortgage amount greater than the value of the…
Short Interest Sags in 3D Printing Stocks
Short interest during the two-week period ending February 29 fell on all four 3D printing stocks we follow. Share prices for three of the four stocks rose during the two-week period.