Author Archives: Paul Ausick

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China’s GDP Growth Near Record Low

China reported Friday that the country's gross domestic product growth for the third quarter of the year was 6%. Not since the first quarter of 1992, the first quarter for ...
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Are AT&T and Paul Singer About to Reach a Deal?

After disclosing a $3.2 billion stake in AT&T Inc. (NYSE: T) early last month, activist investor Paul Singer and his private equity firm Elliott Management sent a letter to company ...
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Why a Q3 $12.7 Billion Charge Isn’t Hurting Schlumberger 

Schlumberger Ltd. (NYSE: SLB) reported third-quarter 2019 results before markets opened on Friday. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.43 on revenues ...
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3 Reasons Why Tesla Shares Are Running Higher

Since reporting 97,000 third-quarter deliveries on October 2, shares of Tesla Inc. (NASDAQ: TSLA) have risen on nine consecutive trading days and were well on their way to a 10th ...
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Opioid Crisis Has Cost US Economy $631 Billion

In the four-year period between 2015 and 2018, opioid abuse cost the U.S. economy at least $631 billion. The human cost between 1999 and 2017 totaled nearly 400,000 lives lost. ...
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Oil Price Holds Firm Despite Massive Stockpile Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories soared by 9.3 million barrels last week, maintaining a total ...
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Why Kinder Morgan Shares Aren’t Sagging 

Kinder Morgan Inc. (NYSE: KMI) reported third-quarter 2019 results after markets closed Wednesday. The midstream giant posted adjusted earnings per share (EPS) of $0.22 per share on revenues of $3.21 ...
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Older Americans May Face Ugly Housing Choices

By 2028, the number of U.S. households headed by someone age 80 or over will total 12 million, up from 8.1 million in 2018. By 2038, that number is projected ...
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GM, Union Reach Tentative Deal but Strike May Not End

In a statement loaded with qualifiers, United Autoworkers (UAW) Vice President Terry Dittes announced "the achievement of a Proposed Tentative Agreement" with General Motors Co. (NYSE: GM). Union negotiators voted ...
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Why Americans Are Still Afraid to Buy Self-Driving Cars

American consumers are really lukewarm to buying all-electric vehicles (EVs) and even cooler to the idea of self-driving vehicles. A new quarterly survey from J.D. Power and SurveyMonkey released Wednesday ...
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MGM Hits $5 Billion Jackpot From Vegas Casino Sales; More to Come?

MGM Resorts International (NYSE: MGM) late Tuesday announced the sale of Circus Circus Las Vegas property and the establishment of a joint venture with a subsidiary of Blackstone Group Inc. ...
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Mortgage Loan Rates Rose Last Week, Slowing New Purchase Applications

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a rise of 0.5% in the group's seasonally adjusted composite index for the week ending ...
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Why Bank of America’s $2 Billion Impairment Charge Didn’t Matter

Bank of America Corp. (NYSE: BAC) reported third-quarter 2019 results before markets opened Wednesday. The big bank reported diluted earnings per share (EPS) of $0.56 on revenue of $22.8 billion. ...
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Home Foreclosures Persists at Lowest Level in More Than 20 Years

The share of home mortgage loan payments that are 30 days or more past due fell to 3.8% in July, remaining at its lowest level in more than 20 years. ...
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Green Economy Generated $1.3 Trillion, 7% of US GDP

Trying to figure out just how important the green economy is to the entire U.S. economy has been as much an art as a science. The U.S. Department of Labor ...
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