As Oil Drops Below $70, What Happens?
ThinkstockWhy has oil dropped below 70? Analysts and traders appeared to believe Saudi Arabia did not mean what it said when the country announced in October that it did not care if the price…
All Work
Paul Ausick
The Top-Selling Japanese Cars
Toyota Motor Corp. In the month of October, Japanese automakers were responsible for eight of the top-20-selling vehicles in the U.S. The four top-selling cars come from Japanese makers, and trail behind only the…
Twitter To Track Apps For Ad Targeting
Twitter (NASDAQ: TWTR) have come up with a new way to target ads. It will “see” which apps a user has downloaded to allow marketers to aim their messages. Twitter needs the service. It…
The 52-Week Low Club for Wednesday
ThinkstockNovember 26, 2014: Here are four stocks among the 76 equities making new 52-week lows today. SeaDrill Ltd. (NYSE: SDRL) dropped about 22.7% today to post a new 52-week low of $16.00. The stock’s…
The 4 Stocks That Narrowed Wednesday’s DJIA Gain
thinkstockNovember 26, 2014: Markets opened higher on Wednesday but a blizzard of economic data sent the DJIA into the red where it spent the rest of the day. Trading was thin today ahead of…
Analyst Trims Crude Oil Price, E&P Firms’ EPS Estimates
ThinkstockLower crude oil prices typically mean lower profits for exploration & production (E&P) companies, and this time around is no different. The recent sharp drop in crude prices has generated a lot of re-evaluations…
Colder Weather Ups Natural Gas Demand, Weighs on Prices
thinkstockThe U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks decreased by 162 billion cubic feet for the week ending November 21st, compared with an expected decrease of 130 billion…
Consumer Sentiment Upbeat on Job, Income Expectations
Jacob Wackerhausen/ThinkStockThe Thomson Reuters/University of Michigan Consumer Sentiment Index rose from a final October reading of 86.9 to a final November reading of 88.8, down from the preliminary November reading of 89.4. The final…
Crude Oil Inventory Posts Gain Ahead of OPEC Meeting
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.9 million barrels last week, maintaining a total U.S. commercial crude inventory of 383…
Pending Home Sales Drop in October
ThinkstockThe National Association of Realtors (NAR) Wednesday morning released its data on pending sales of existing homes in October. The pending home sales index slipped 1.1% from an upwardly revised index reading of 105.3…
New Home Sales Rise Especially for Most Expensive Homes
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for October. Sales rose 0.7% month-over-month, to a seasonally adjusted annual rate of 458,000, from a downwardly revised September sales figure…
SeaDrill Suspends Dividend After Weak Earnings Report
ThinkstockOffshore drilling company SeaDrill Ltd. (NYSE: SDRL) posted third-quarter 2014 results before markets opened on Wednesday morning. The company posted diluted earnings per share (EPS) of $0.31 on revenues of $1.29 billion. In the…
Deere Earnings Overshadowed by Weak Forecast
courtesy Deere & Co.Deere & Co. (NYSE: DE) reported fiscal fourth quarter and full-year 2014 results before markets opened Wednesday morning. For the quarter, the farm and heavy equipment maker posted diluted earnings per…
Mortgage Loan Rates Remain Low as Mortgage Applications Slip
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 4.3% in the group’s seasonally adjusted composite index for the week ending November 21st following a…
E-Commerce Spending Reaches $17.5 Billion
Consumers have spent $17.5 billion via e-commerce during the first 23 days of November. That is an 11% increase over the same period in 2013. The data is for desktop computers, according to research…
The 52-Week Low Club for Tuesday
ThinkstockNovember 25, 2014: Here are four stocks among the 62 equities making new 52-week lows today. Constellium NV (NYSE: CSTM) dropped about 3.1% today to post a new 52-week low of $16.39. The stock’s…
The 4 Stocks That Lifted the DJIA
thinkstockNovember 25, 2014: Markets opened higher on Tuesday but the gains were small heading into the long weekend. The second reading on U.S. GDP was higher than expected, but that was not enough to…
China Moves to Cut Smoking, Cigarette Advertising
ThinkstockThere are more than 300 million smokers in China and another 740 million Chinese who are exposed to second-hand smoke each year. The government is looking to reduce those numbers by banning all forms…
Washington, Atlanta Home Prices Drop in Sept
ThinkstockIn nine of 20 U.S. cities included in the S&P/Case-Shiller home price index, September house prices declined, and in six of those cities the drop was greater than the 0.1% drop in the month-over-month…
Petrobras Reveals Receipt of SEC Subpoena
Wikimedia CommonsBrazil’s government-controlled oil giant Petroleo Brasileiro SA (NYSE: PBR), or Petrobras, issued a statement Tuesday morning saying that the company had received a subpoena from the U.S. Securities and Exchange Commission (SEC) on…