The 4 Stocks That Lifted the Market
thinkstockMay 23, 2014: Markets opened higher on Friday and closed out a week that saw feeble trading volume, but decent weekly gains for the major indexes. The Nasdaq is headed for a weekly gain…
All Work
Paul Ausick
Tesla CEO Musk Takes On Boeing, Lockheed, GenCorp and the U.S. Air Force
Elon Musk, founder and CEO of SpaceX, said in late April that he was suing the U.S. Air Force for awarding an exclusive contract for 36 rocket launches to a joint venture of Boeing…
Aeropostale Stock Sells at 25% Off
When teen retailer Aeropostale reported first-quarter results after markets closed Thursday night, the sky fell in. Shares traded down 17% after hours, and the carnage continued Friday morning.
First Kurdistan Oil Export Is Welcome News for U.S. Oil Companies
In a move that has been expected for some months now, the Kurdistan Regional Government has defied the Iraqi central government and begun exporting crude oil to Europe.
Parsley Energy Strikes IPO Riches
Oil and gas exploration and production company Parsley Energy struck Wall Street oil Friday morning after an initial public offering of 50 million shares that priced above the expected range.
Good News for Housing — April New Home Sales Surge
ThinkstockThe U.S. Census Bureau Friday morning released data on new single-family home sales for April. Sales rose 6.4% month-over-month, to a seasonally adjusted annual rate of 433,000, from an upwardly revised March sales figure…
Foot Locker Set to Post a New All-Time High After Earnings
Foot Locker reported better-than-expected first-quarter 2014 results before markets opened Friday morning. Shares were up about 5% in premarket trading, which would be a new 52-week high if it holds.
GameStop Gets Some of Its Mojo Back
ThinkstockGameStop Corp. (NYSE: GME) reported first quarter 2014 results after markets closed on Thursday. The video game retailer posted diluted earnings per share (EPS) of $0.59 on $2 billion in revenues. In the same…
The 5 Stocks That Dominated the Market
thinkstockMay 22, 2014: Markets opened mixed on Thursday but the Nasdaq and the S&P 500 soon pulled higher and traded up the rest of the day. The DJIA wobbled a bit before gaining about…
States Where People Are Paying Cash for Condos
ThinkstockJust five states accounted for more than half of all condominium cash sales as of January 2014. The five are Florida, Nevada, New York, Alabama and Arizona. Florida alone accounts for 36.7% of the…
Boeing 787 Battery Fires Show Certification Processes ‘Inadequate’: NTSB
The National Transportation Safety Board has issued a series of recommendations that the agency has developed as part of its investigation into the battery fire in a 787 Dreamliner in January of 2013.
Top 10 U.S. Cities for Innovation
ThinkstockThe greater the potential for innovation in a city the higher the economic output that city is likely to enjoy. Cities that rank high in innovation are better destinations for investments in commercial product,…
SunEdison Baffles Shorts, Trades Higher After Semiconductor IPO
SunEdison Semiconductor, a spin-off from solar panel maker SunEdison Inc., began trading Thursday morning at $14.37. Shares shot up to $15.25 immediately after trading began.
Strong JD.com Debut for Strong IPO Price
JD.com, a Beijing-based online direct retailer, began trading Thursday morning at an opening price of $22.07 a share, above its expected range. Investor demand exceeded available shares by a factor of 15.
Natural Gas Inventory Growth Pressures Prices
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 106 billion cubic feet for the week ending May 16. That compared with an expected increase of around…
April Sales of Existing Homes Post First Gain of 2014
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in April rose 1.3% to 4.65 million from a total of 4.59 million in March. This marks…
Sears Shows That It May Never Be Profitable Again
Sears Holdings reported a larger-than-expected net loss for the first quarter before markets opened on Thursday. The beleaguered retailer did not provide guidance in its earnings press release.
Why Are There 115,000 (or 150,000) Gas Stations in America?
Bob Beck/Gulf Oil Historical SocietySince Gulf Oil Company opened the first gas station in Pittsburgh in 1913, things have changed a little. Like the price of gasoline — $0.30 a gallon then, compared with…
Dollar Tree Narrows Guidance but Still Expects Growth
Before the markets opened Wednesday morning, Dollar Tree reported first-quarter fiscal 2015 results that were just okay and the company narrowed its guidance, but shares rose in premarket trading.
Best Buy Results Could Force New Lows
Retailer Best Buy reported mixed first-quarter fiscal 2015 results before markets opened Thursday morning. Shares were down about 3.5% in premarket trading.