China Readies Reform Plans for Oil & Gas Sector
China’s National Development and Reform Commission is preparing a draft reform plan for the country’s state-controlled oil and gas companies that is expected to be released by the end of this year.
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Paul Ausick
Crude Oil Price Sags on Huge Addition to Storage
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4 million barrels last week, maintaining a total U.S. commercial crude inventory of 457.9…
Paychex Earnings, Sales Up on Strong HR Business
Paychex reported better-than-expected first-quarter fiscal 2016 results before markets opened Wednesday morning.
Disk Drive Maker Western Digital Gets $3.8 Billion Equity Investment
Western Digital announced Wednesday morning that it has reached an agreement with a subsidiary of China-based Unisplendour.
What to Do, or Not Do, If You Win Wednesday’s $301 Million Lottery Prize
The Powerball drawing on Wednesday, September 30, may pay some lucky player an estimated $301 million annuity value, or an estimated $191.4 million cash value.
Mortgage Loan Rates Tick Down, but Applications Decline
The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week decrease of more than 6% in the group's seasonally adjusted composite index for the week ending September 25.
Egg Prices Jump in August
The U.S. Department of Agriculture (USDA) released its preliminary report on August farm prices Tuesday afternoon.
The 52-Week Low Club for Tuesday
ThinkstockSeptember 29, 2015: Here are four stocks trading with heavy volume among 586 equities making new 52-week lows today. SunEdison Inc. (NYSE: SUNE) dropped about 4.4% on Tuesday to post a new 52-week low…
The 4 Stocks That Held the DJIA Back on Tuesday
thinkstockSeptember 29, 2015: Markets opened mixed on Tuesday following declines in Asian markets overnight and mixed early action in Europe. Economic data was scarce today and did not sway U.S. markets much in either…
Nomura Sees More M&A in the Oil Patch
Investors and analysts have been talking about consolidation in the oil patch ever since the beginning of this year, but not many companies have stepped up to the plate.
Why Credit Suisse Sees McDonald’s Rising Much More
There remains at least one analyst with a positive view on McDonald's and its stock going forward.
Middle East Sovereign Wealth Funds, Reserves Taking a Beating
Qatar’s sovereign wealth fund has taken paper losses of up to $12 billion in the third quarter as a result of the Volkswagen scandal and other issues.
Washington, Chicago, New York Post Smallest Gains on Case-Shiller July Index
In all 20 U.S. cities included in the S&P/Case-Shiller home price index, July house prices increased both year over year and month over month.
Cash Home Sales Share Highest in New York
In June of 2015, cash sales comprised 31.3% of all home sales in the United States according to CoreLogic.
When Putin Talks Tough, Lockheed Benefits
Putin’s tough talk and muscle-flexing have ratcheted up fears of what the Russian bear might do next, and that is driving sales of a Lockheed missile system.
Will Glencore Survive?
Glencore's recent share offering raised $2.5 billion that the company planned to use to reduce its debt burden of some $30 billion, most accrued in its acquisition of Xstrata.
The 52-Week Low Club for Monday
ThinkstockSeptember 28, 2015: Here are four stocks trading with heavy volume among 653 equities making new 52-week lows today. SunEdison Inc. (NYSE: SUNE) dropped about 20% on Monday to post a new 52-week low…
The 4 Stocks That Sank the DJIA on Monday
thinkstockSeptember 28, 2015: Markets opened lower on Monday following a report that personal income rose just 0.3% in August, short of the expected 0.5% economists were looking for. Personal spending rose and personal savings fell…
Consumers Lack Knowledge of Social Security Benefits
It would seem that Americans of a certain age would be pretty knowledgeable about the benefits of a government program that essentially all of them have been paying for since they began working all…
Why Atmel Could Be Getting a Stronger and Better Buyout
Cypress Semiconductor reportedly is preparing to offer a bid for Atmel that would be better than a previous one from Dialog Semiconductor.