Why Tesla Won’t Build Driverless Car
Google Inc.Google Inc. (NASDAQ: GOOG) announced earlier this week on the company’s official blog that it plans to build about a hundred of its prototype driverless cars and begin testing them on city streets…
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Paul Ausick
3D Printer to Design Cities of Future
ThinkstockAmong the first uses of 3D printing — or as it’s often called, additive manufacturing — was rapid prototyping, building a full-scale model of a part that would later be cast in metal. Now,…
Crude Inventory Increase Doesn’t Slow Price Hike
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.7 million barrels last week, maintaining a total U.S. commercial crude inventory to 393…
Natural Gas Inventory Growth Threatened by Pipeline Capacity
ThinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 114 billion cubic feet for the week ending May 23, compared with an expected increase of around 107…
Pending Home Sales Post Second Straight Gain
ThinkstockThe National Association of Realtors (NAR) Thursday morning released its data on pending sales of existing homes in April. The pending home sales index rose 0.4% from an index reading of 97.4 in March…
Playing Chicken: Tyson Raises Stakes in Bid for Hillshire
Tyson Foods, one of the nation's largest food-processing companies, has made an offer of $50 a share in cash for Hillshire Brands, trumping Tuesday's $45 a share offer from Pilgrim's Pride.
States With the Highest Foreclosure Rates
ThinkstockIn the month of April, 46,000 U.S. home foreclosures were completed, down 0.4% month-over-month, but down 18% from 56,000 in April 2013, according to research firm CoreLogic. While an improvement, the number of foreclosures…
Abercrombie & Fitch Hurdles a Very Low Bar
Abercrombie & Fitch reported better-than-expected first-quarter fiscal 2014 results before markets opened Thursday morning. But it said same-store sales and gross margin both fell.
Costco Earnings Improve on Strong Same-Store Sales
Costco Wholesale reported third-quarter fiscal 2014 results before markets opened Thursday morning. Same-store sales and membership fee revenue both rose during the period.
Juniper Settlement Boosts Palo Alto Networks Results
ThinkstockPalo Alto Networks Inc. (NYSE: PANW) reported fiscal third quarter 2014 adjusted diluted earnings per share (EPS) of $0.11 on revenue of $150.7 million. In the same period a year ago, the network security…
The 4 Stocks That Sank the Market
thinkstock May 28, 2014: Markets opened mixed on Wednesday and both the DJIA and the Nasdaq Composite traded in negative territory all day. The S&P 500 made brief forays above the break even line,…
McDonald’s Promises Investors 20% Higher Returns
McDonald's announced Wednesday morning that it plans to return $18 billion to $20 billion to shareholders over the next three years, a 10% to 20% increase over returns for the three preceding years.
Is Target’s E-book Club a Shot at Amazon?
Wikimedia CommonsThe company that let sensitive data for millions of customers be ripped out of its computer systems last year now wants to be a supplier of an online book buying, sharing and discussion…
Nasdaq Stocks With the Most Short Interest
bfishshadow via Wikimedia CommonsHere is a look at the seven Nasdaq-traded stocks with the largest number of shares held short as of May 15. Six of the seven experienced declines in short interest, and…
The 10 Most Affordable SUVs
NissanNot all sport utility vehicles (SUVs) cost north of $30,000. And not all SUVs have fuel mileage ratings in the high teens. U.S. drivers are willing buyers of SUVs — in all sizes —…
Alibaba Acquires Stake in Singapore Post Office
Courtesy of AlibabaThe Chinese Internet company that is preparing a U.S. initial public offering has acquired a 10.5% stake in Singapore Post Ltd., the main postal service in the city-state, for $249 million U.S.…
Spectacular Growth Continues for Luxury Brand Michael Kors
Before markets opened Wednesday morning, Michael Kors reported fourth-quarter fiscal 2014 results that exceeded consensus estimates. European revenue grew 125% year-over-year.
Mortgage Rates Continue Dropping, but Fewer Borrowers in Line
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.2% in the group’s seasonally adjusted composite index. That followed a rise of 0.9% for the…
Qihoo 360’s Monetization Plan Working Brilliantly
Qihoo 360 reported better-than-expected first-quarter fiscal 2014 results after markets closed Tuesday evening. Chinese Internet companies are worth watching as we approach the IPO of Alibaba.
Homebuilder Toll Brothers Profits Rise on Higher Selling Prices
Toll Brothers reported better-than-expected second-quarter fiscal 2014 results before markets opened Wednesday morning. Shares were up nearly 4% in premarket trading.