Author Archives: Paul Ausick

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January Data Breaches Expose 370,000 Personal Records

More than 370,000 sensitive personal records were exposed in data breaches during the month of January according to the latest monthly report from the Identity Theft Resource Center (ITRC). Nearly ...
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Colorado Marijuana Sales Top $6 Billion Since 2014, but It Should Be More

Since January 2014, when legal sales of marijuana for recreational use began, the state of Colorado logged total legal sales of $6.04 billion through the end of December 2018. In ...
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Amazon Leads $700 Million Funding Round in Electric Truck Maker Rivian

A rumor surfaced a few days ago that Amazon.com Inc. (NASDAQ: AMZN) and General Motors Co. (NYSE: GM) were considering an investment in startup electric truck maker Rivian Automotive that ...
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European Auto Sales Slide in January for Fifth Straight Month

The European Automobile Manufacturers Association (ACEA) on Friday reported new vehicle registration totals in the European Union (EU) for the month of January. Sales declined by 4.6% year over year ...
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How Canopy Growth’s Sales in Canada Surprised Investors

When Canopy Growth Corp. (NYSE: CGC) reported third-quarter fiscal 2019 results after markets closed Thursday, the marijuana grower and distributor posted earnings per share of C$0.22 (about US$0.17) on revenues ...
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General Motors Launches Electric Bike in European Market

General Motors Co. (NYSE: GM) pulled out of Europe's automobile market two years ago. Now the company is returning, but this time with an electric bicycle called the ARĪV that ...
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Why So-So Nvidia Earnings Look So Good

Nvidia Corp. (NASDAQ: NVDA) reported fourth-quarter and fiscal year 2019 results after markets closed on Thursday. For the quarter, the chipmaker posted adjusted diluted earnings per share (EPS) of $0.80 ...
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Natural Gas Price Ticks Lower After Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles decreased by 78 billion cubic feet for the week ending February 8. Analysts polled by Reuters ...
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JPMorgan Goes Crypto With New JPM Coin

Less than two years after CEO Jamie Dimon promised to fire for cause ("stupidity") any employee who traded bitcoin and called cryptocurrency "fraud," JPMorgan Chase & Co. (NYSE: JPM) is ...
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Buyers Gaining Upper Hand in Housing Market

Median home values in major U.S. metropolitan areas rose 7.5% last year, consistent with increases in both 2016 and 2017. But that may be about to change as the inventory ...
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The High Cost of (Not-So-True) Love

In 2018, sweetheart swindles were the seventh-most reported form of fraud, and the most expensive for victims, with a median loss of $2,600, fully seven times higher than the median ...
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Airbus Gives Up on Superjumbo A380

Airbus finally has accepted the inevitable. The company will stop building its A380 superjumbo passenger jet in 2021, once it delivers the final 14 copies of the plane to its ...
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Marriage: Still the Main Route to the 1% for Women

To reach the top 1% of households in 2016 required an income of $845,000 or more. On her own, a woman represents just one of 22 of those top-earning households. ...
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Is There No Light at the End of Retail Tunnel?

In 2017 more than 8,100 U.S. retail stores closed their doors, breaking an all-time record of 6,163 store closures in 2008 at the beginning of the global financial crisis. In ...
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Crude Oil Prices Solidly Higher, Ignoring Rising US Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 3.6 million barrels last week, maintaining a total ...
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