Author Archives: Paul Ausick

Follow Paul here:
Google+

CBO Boosts Federal Deficit Projection by $809 Billion

In May, the Congressional Budget Office (CBO) projected a 10-year federal budget deficit of $11.4 trillion. In its latest projection, released Wednesday, the CBO predicts the 10-year deficit will increase ...
Read Full Story »

Kinder Morgan Sheds Pipeline and Canadian Subsidiary for $3.3 Billion

Energy infrastructure giant Kinder Morgan Inc. (NYSE: KMI) announced Wednesday morning that it has agreed to sell the U.S. portion of its Cochin pipeline system to Canada's Pembina Pipeline Corp. ...
Read Full Story »

Cherokee Nation Set to Exercise Right to Representation in Congress

In December 1835, a minority party of Cherokees signed the Treaty of New Echota with the U.S. government. In exchange for $5 million and new lands in what was then ...
Read Full Story »

July Sales of Existing Homes Beat Estimates Even as Prices Rise

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in July rose 2.5% to 5.42 million from a total of 5.27 million ...
Read Full Story »

Will Target’s Moment in the Sun Last?

Target Corp. (NYSE: TGT) reported second-quarter 2019 results before markets opened Wednesday. The big-box retailer posted adjusted diluted earnings per share (EPS) of $1.82 and $18.42 billion in revenues. In ...
Read Full Story »

Mortgage Loan Rates Mixed, New Borrower Applications Flat

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decline of 0.9% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

Phoenix to Hit 113 Today, That’s 57 Days Over 100

Phoenix probably will set the temperature record for August 20. The heat is supposed to top out at 113. Since June 24, the daily high has topped 100, and it ...
Read Full Story »

McKinsey Warns of Looming Asian Debt Crisis

The Asian financial crisis of 1997 wreaked havoc on the financial systems of Thailand, Indonesia and South Korea particularly, but the effects were felt all around the globe. To staunch ...
Read Full Story »

US Car Buyers Are Paying More for Less

The auto industry's salad days may be over. After five years of selling more than 17 million new cars annually to American drivers, the industry is on track to sell ...
Read Full Story »

These New Cars Have the Most Powerful Engines

We may not all understand exactly what automobile horsepower means, we generally understand that more horsepower can give you more speed. Currently-available vehicles offer horsepower ratings from less than 100 ...
Read Full Story »

Electric Vehicles Are Coming, but Are Drivers Following?

Most Americans believe there will be 70% more electric vehicles (EVs) on U.S. streets and highways in the next five years. Most Americans also believe someone else will be driving ...
Read Full Story »

US Gas Prices Lower for Fifth Consecutive Week

The national average price for regular gasoline slipped by 3.5 cents per gallon last week to reach $2.60, according to industry analysts at GasBuddy. Three weeks ago, the average was ...
Read Full Story »

Target Goes Small on Food Business

In March of 2018, a rumor circulated of merger talks between big-box merchandiser Target Corp. (NYSE: TGT) and grocery giant Kroger Co. (NYSE: KR). The rumor was quickly denied, but ...
Read Full Story »

Interest Rates to Remain Low Through 2020 Say Business Economists

Just over half (52%) of economists who responded to the National Association of Business Economists' (NABE) July survey think that the federal funds rate will be 2% or less by ...
Read Full Story »

US Corporations: Not Just for Shareholders Any More

One of the country's most influential business organizations on Monday turned the world, if not upside down, at least 90 degrees. The Business Roundtable, comprised of chief executives of U.S. ...
Read Full Story »