thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 91 billion cubic feet last week, compared with the expected build of between 89 billion cubic feet anticipated by…
Courtesy EADS/AirbusFor those of you keeping score at home, the Paris Air Show has to be considered a major success for both Boeing Co. (NYSE: BA) and its main rival, Airbus, a unit of…
ThinkstockRetail sales of construction and mining equipment at Caterpillar Inc. (NYSE: CAT) remains below year-ago levels, but the pace of the decline is slowing. Global machine sales are down 7% for the three-month period…
ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported that mortgage rates for fixed-rate loans have fallen for the first time in seven weeks. The interest rate on a 30-year…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in May rose 4.2% to 5.18 million from an unrevised total of 4.97 million in April. Sales…
ThinkstockGold futures are down about 6% this morning to around $1,293 an ounce as most investors interpreted Fed Chairman Ben Bernanke’s remarks yesterday to mean that the Fed is about to take away the…
ThinkstockThe Kroger Co. (NYSE: KR) reported first-quarter 2013 results before markets opened this morning. The grocery chain reported quarterly diluted earnings per share (EPS) of $0.92 on revenues of $30 billion. In the same…
ThinkstockStratasys Ltd. (NASDAQ: SSYS) announced last night that it would acquire privately held desktop 3D printer firm MakerBot. Stratasys will issue about 4.76 million new shares in exchange for 100% of MakerBot, valuing the…
ThinkstockThe Chinese equivalent of Libor is Shibor, the Shanghai Interbank Offered Rate, and since April the Shibor has soared from less than 3% to as high as 15% before settling back to just under…
ThinkstockAfter markets closed last night, the board of directors of SandRidge Energy Inc. (NYSE: SD) announced that its CFO and president, James Bennett, had been named CEO. Founder, former chairman, and former CEO Tom…
ThinkstockMicron Technology Inc. (NASDAQ: MU) reported third-quarter fiscal 2013 results after markets closed today. The semiconductor company reported adjusted earnings per share (EPS) of $0.04 on revenue of $2.32 billion. In the same period…
U.S. equity markets opened moderately lower this morning as investors waited for the afternoon announcement from the FOMC. Mortgage purchase applications were down in the U.S. as interest rates rose again. In Europe, Spain…
ThinkstockGold trading closed for the day shortly before the FOMC announcement that the Fed forecast for 2013 growth had slipped, but that the central bank expects unemployment to reach a level around 6.5% next…
courtesy Making Change at Walmart and UFCWA group that has been critical of Wal-Mart Stores Inc. (NYSE: WMT) and the way it deals with employees today released a report on political contributions made by…
courtesy of NvidiaGraphics chip maker Nvidia Corp. (NASDAQ: NVDA) said this morning that it will expand its technology licensing program to include its graphics processing unit (GPU) cores and visual computing patents as it…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 300,000 barrels last week, bringing the total U.S. commercial crude inventory to 394.1 million…
courtesy Boeing Co.The hits just keep on coming for Boeing Co. (NYSE: BA) and competitor Airbus, a division of the European Aeronautic Defence and Space Co. (EADS) at this week’s Paris Air Show. For…
ThinkstockThe process for setting benchmark oil prices has never been particularly transparent, depending as it does on self-reporting by traders of offer and sale prices to energy pricing agencies like Platts, a division of…
By Tkgd2007 at en.wikipedia , from Wikimedia CommonsFedEx Corp. (NYSE: FDX) reported fourth-quarter and full fiscal year 2013 results before markets opened this morning. The package delivery service reported adjusted diluted earnings per share…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 3.3% in the group’s seasonally adjusted composite index following a rise of 5% for the previous…