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Paul Ausick

From Aluminum to Zinc, China Devaluation Hurts Metals Miners

ThinkstockThe 2% devaluation of the renminbi (yuan), announced early Tuesday morning by the People’s Bank of China, is playing havoc with commodity prices and, as we might expect, commodity producers. Prices for West Texas…

Paul Ausick · 11 years ago

Big Partners Boost Rackspace Footprint, Revenues

ThinkstockRackspace Hosting Inc. (NYSE: RAX) reported second quarter 2015 results after markets closed Monday evening. For the quarter, the web-hosting and cloud services company posted diluted earnings per share (EPS) of $0.20 on revenues…

Paul Ausick · 11 years ago

The 52-Week Low Club for Monday

ThinkstockAugust 10, 2015: Here are four stocks trading with heavy volume among the 105 equities making new 52-week lows today. Freeport-McMoRan Inc. (NYSE: FCX) posted a new 52-week low on Monday. Shares dropped about…

Paul Ausick · 11 years ago

The 4 Stocks That Dominated the DJIA on Monday

thinkstockAugust 10, 2015: Markets opened higher on Monday with the DJIA marching to a triple digit gain early and continuing to inch higher through the close. Today’s driver was Warren Buffett’s deal to acquire…

Paul Ausick · 11 years ago

US Oil Production Growth Slowing

The U.S. Energy Information Administration (EIA) released its August report on drilling productivity in seven key oil and gas-producing regions.

Paul Ausick · 11 years ago

Dow Industrials Jump 200+ Points

Monday's announcement that Warren Buffett-led Berkshire-Hathaway had reached a deal to acquire Precision Castparts lifted the Dow Jones Industrial Average by more than 230 points.

Paul Ausick · 11 years ago

What Does Planet Fitness IPO Mean for SoulCycle?

Last week's initial public offering calendar included two companies chasing the better health and fitness market. A third company recently filed for an IPO in the space.

Paul Ausick · 11 years ago

5 IPOs on the Calendar for Week of August 10

Of the five firms lined up to price and begin trading in the coming week, we have two health care offerings, a bank holding company, an investment bank and an educational technology firm.

Paul Ausick · 11 years ago

Will Buffett Buy Precision Castparts?

courtesy of Precision Castparts Corp.The word on the Street is that Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) may spend $30 billion (or likely more) to acquire Precision Castparts Corp. (NYSE: PCP). Berkshire Hathaway…

Paul Ausick · 11 years ago

Marijuana Weekly News Roundup

ThinkstockCalifornia governor Jerry Brown last week signed legislation authorizing hefty fines for marijuana farms that foul the environment by dumping wastewater and chemicals, cutting down trees, and killing animals. The legislation is taking aim…

Paul Ausick · 11 years ago