Brazilian Woes Sink Petrobras Stock
One might be forgiven for thinking that Petrobras needs no help in devaluing its stock price. The company has handled the job quite nicely by itself to this point.
All Work
Paul Ausick
Cash Home Sales Highest in Detroit, Miami Metro Areas
Cash home sales declined in December, the 24th consecutive year-over-year monthly decline.
Ethanol Maker Green Plains Files for MLP IPO
Ethanol maker Green Plains has filed a confidential draft registration statement for an initial public offering of its downstream ethanol transportation and storage assets.
McDonald’s Fails to Halt Sales Drop
McDonald's has announced same-store sales for February, and U.S. sales posted a big drop.
A Waterproof iPhone?
Unlike some other waterproof phones, theoretically Apple will be able to waterproof every iPhone without having to sacrifice the phone's design.
Boeing Remains World Largest Arms Exporter
Last year, the leading U.S. exporter of weapons to the rest of the world was Boeing, according to IHS.
Saudi Arabia Imports $6.5 Billion in Arms
Saudi Arabia has replaced India as the leading arms importer in the world, according to an IHS analyst.
US Largest Arms Exporter at $23.7 Billion
The United States exported over $23 billion in arms to the rest of the world in 2014, more than double the total exported by second place Russia.
Chrysler Recalls 1 Million Vehicles in 2-Week Period
Owners of some 700,000 Chrysler SUVs and minivans are being notified to bring their vehicles in for a repair to the ignition switch.
Construction Materials IPO on Calendar for Week of March 9
After the final week in February failed to produce a successful initial public offering, the first week of March saw two companies begin trading.
Youth Unemployment at an Amazing 17.1%
In Friday’s report on the employment situation in the United States, the Bureau of Labor Statistics disclosed that the unemployment rate for young people remained in double digits.
Hedge Funds Increase Short Positions in Crude as Rig Count Falls
In the week ended March 6, the number of rigs drilling for oil in the United States declined to 922.
Gas Prices Leave $2 in Rearview Mirror
Gasoline prices in the United States exceeded $2 a gallon in all 50 states again last week, according to GasBuddy.
The 52-Week Low Club for Friday
ThinkstockMarch 6, 2015: Here are four stocks among the 114 equities making new 52-week lows today. Chesapeake Energy Corp. (NYSE: CHK) dropped about 5.3% on Friday to match a new 52-week low posted on…
The 4 Stocks That Tanked the DJIA on Friday
thinkstockMarch 6, 2015: Markets opened lower on Friday after news that the unemployment rate fell to 5.5% in February and the economy added 295,000 non-farm jobs after a downward revision of 18,000 to the…
Consumer Credit Creeps Higher as Credit Card Use Drops
ThinkstockThe Federal Reserve on Friday released its preliminary report on consumer credit for the month of January 2015. Consumer credit rose 4.2% in January, well below the 6.5% growth posted in December and the…
Oil Today Is Cheaper Than in 1970
In 1970 a barrel of crude oil averaged about $13 a barrel. Adjusted for inflation, that same barrel of oil should cost about $78 today.
Friday Bloodbath for Gold Mining Stocks
Inflation fears are on hold, jewelry buying is soft and gold -- especially the gold miners -- continues to struggle.
Boeing 787 Dreamliner Deliveries Jump in February
Boeing said February deliveries of its 787 Dreamliner rose to 12, for a total of 19 in the first two months of the year.
Phablet Devices Post Fastest Mobile Device Growth
The combination of the larger screen and simple navigation with far more portability are the primary reasons for the strong growth of phablet use.