$50 Oil Will Cost at Least 1 Million Jobs
Recently, Bloomberg put together numbers that showed low oil prices have already caused the loss of 100,000 jobs within the industry worldwide.
All Work
Douglas A. McIntyre
Google Shares Stage a Comeback
Google was one of the worst-performing huge tech company stocks over the past year, but in 2015 its shares have made a turnaround.
Why GM’s Shares Have Surged
Record recalls, trouble in Europe and what some thought were modest U.S. sales: all is forgiven, judging by the movement of GM shares recently.
Have Illegal Downloads Cost ‘50 Shades of Grey’ Producers $5 Million?
More than 450,000 electronic versions of "50 Shades of Grey" were downloaded on February 14, the day the movie opened.
Why Oil Prices Must Go Up
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil.
Why Sony’s Profit Forecast Is Unbelievable
Sony has set a profit forecast of 500 billion yen for its 2017 fiscal year, which ends on March 31, 2018. This is not believable, based on Sony's performance in recent years.
Volkswagen Takes 25% of Europe Car Market
Car sales rose 6.7% in the European Union during January, and Volkswagen had an extraordinary 25% market share.
Gas Prices Jump 21 Cents in a Month
Gasoline prices have risen 21 cents in a month. If the rise continues, the benefit to consumers of low prices will fade.
GM’s Europe Sales Surge in January
After years of trouble in Europe, GM sales turned sharply higher in January, outpacing the region's overall performance.
Costco Share Price Increase Doubles Wal-Mart’s
Costco's share price has risen at a rate nearly double that of Wal-Mart over the past year as its big-box approach to retail has outperformed that of America's largest retailer.
Only 3 States Have Gas Below $2
The rise in oil prices has wiped out $2 gasoline in all but three states: Idaho, Utah and Montana.
Will Exxon Build an Electric Car?
Among the companies most threatened by the rise of electric vehicles is Exxon Mobil, America's largest oil company.
A 21st Century Drought May Ruin Part of US
The ongoing drought, particularly in California, has been described as the worst in the region for decades. But it may get worse.
As Recalls Hit 64 Million, Car Sales Soar
It is a strange world in which people overlook an industry plagued by recalls to buy more cars, perhaps hoping the new ones will be defect-free.
CEOs Rate US as Most Important Market
China's GDP growth has slowed, leaving the United States as the world's most attractive market, says a recent study.
Ukraine Gets $17.5 Billion From IMF
Troubled by both war and the threat of financial collapse, Ukraine got a lifeline from the International Monetary Fund.
Apple Is Worth $1.2 Trillion, Until It Isn’t
Apple is worth over $1.2 trillion, according to Carl Icahn. But his forecast rests on future sales of products, at least one of which Apple has not released.
An Opening for BMW as Tesla Fails
BMW can benefit from Tesla Motors' failure, as measured by the electric car company's earnings.
Connecticut Lagged US in Job Creation in 2014
Connecticut fell below every other state in the United States in terms of job creation in 2014. North Dakota led the list.
Moody’s: Low Oil Prices Will Not Help Global Growth
A drop in crude prices will not help global growth, because too much of the world's economy is deeply wounded and will be for two years or more.