As Oil Moves Toward $70, Specter of $3 Gas
Since gasoline prices move nearly lockstep with oil prices, gas prices are likely to sprint toward $3 soon. And there could be an effect on the consumer economy.
All Work
Douglas A. McIntyre
The Future of Luxury Car Sales: Hyundai to Limit Genesis Dealers
South Korean car company Hyundai has divided its dealerships into two groups. One will sell its new Genesis luxury brand. The other will not.
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The federal government may build the first U.S. 5G wireless network, U.S. energy exports have surged, the chief of Ford in China has quit, and other important headlines.
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The most prominent Saudi businessman was released after weeks of house arrest. According to The Wall Street Journal: Saudi authorities on Saturday released billionaire Prince al-Waleed bin Talal, more than two months after he…
Sears Hit With Major Downgrade, Shares Fall Again
Sears Holdings is already badly damaged by poor financial results, a weak balance sheet, lack of foot traffic and store closings. It took another blow as S&P and Moody's downgraded its debt, sending shares…
How Much More Could Wynn Resorts Stock Fall After Steve Wynn Accusations?
Steve Wynn, founder of Wynn Resorts, has been charged with sexual harassment. Wynn shares dropped 10% on the news.
Tiger Woods Sponsors Finally Get Some Exposure
Tiger Woods sponsors have waited a long time for him to return to competitive golf. Now they finally will get something substantial for their investments.
Starbucks Falls Under McDonald’s Shadow
Starbucks is barely growing in the United States as it tries to expand further into the fast-food business. McDonald's, on the other hand, has started to regain some of its momentum.
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Bill Ackman bought shares in Nike, Tesla has hit trouble producing its new Model 3, Walmart will start to sell e-readers in Japan, and other important headlines.
Smartphone Prices Soar
Smartphone prices rose 10% in the fourth quarter of 2017, compared to the same quarter a year earlier. The rate of increase was a record.
Snap Short Interest Falls 8 Million Shares
The short interest in social media company Snap fell by 8 million shares to 94 million for the most recently reported period.
Short Interest in Sprint Surges 15 Million Shares
Shares sold short in Sprint rose by 15 million to 112 million for the most recently reported period.
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Alphabet to launch its own cybersecurity company, Ford earnings were hurt by commodities prices, Apple will have years to pay taxes on money repatriation, and other important headlines.
Against Banking Trend, JPMorgan Will Open Hundreds of Branches
Among the prevailing trends among large bank companies is the desire to close branches as quickly as is practical. But JPMorgan said it plans to move against the tide and open about 400 new…
Two-Thirds of Americans Afraid of Self-Driving Cars
The acceptance of self-driving cars by the American public has risen recently. However, nearly two-thirds are afraid of the new technology and vehicles.
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Toys "R" Us will close a number of its stores, Bank of America says it pays women nearly as much as men, AT&T is pressing Congress on net neutrality, and other important headlines.
Why the IMF Expects Global Economy to Grow at 3.9%
The International Monetary Fund has bumped up its estimate for global GDP growth in 2018 and 2019. The forecast did come with several warnings.
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Netflix's market cap surged over $100 billion, Tesla CEO Elon Musk's compensation will be based strictly on company performance, the White House slapped steep tariffs on imports of solar panels, and other important headlines.
Elon Musk’s Pay Tied to $600 Billion Increase in Market Cap
It seems impossible that Tesla could have one of the largest market caps of any company in the world.
Xerox May Be Taken Out of Its Misery
According to rumors, two large shareholders have begun to pressure the Xerox board to sell the company, which may be the only way Xerox has a viable future.