Author Archives: Paul Ausick

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European Union Bans Pesticide That EPA Recently Approved

The European Union on Friday voted to ban the use of a chemical that the Obama administration put on a path to banning but that continues to be available and ...
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A Quarter of Online Shoppers Have Purchased Fake Goods

Consumers have a slightly better (26%) than one in four chance of purchasing a fake product from an online seller or marketplace. More than half of those unlucky buyers (52%) ...
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OPEC+ Agrees to Cut Another 500,000 Barrels of Production

As expected, OPEC and its non-member partners (OPEC+) announced Friday that the group will reduce its production target by an additional 500,000 barrels a day, bringing total cuts down by ...
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Ford Recalls 265,000 Trucks, SUVs in 2 Separate Actions

Ford Motor Co. (NYSE: F) on Friday issued two safety-related recalls on several models of its F-Series pickups and the model year 2020 Ford Explorer and Lincoln Aviator sport utility ...
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Why Americans Think the US Is Moving in the Wrong Direction

That there are sharp partisan differences among Americans these days is hardly news. According to a recent survey, just 40% of the country thinks the United States is headed in ...
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Saudi Arabia, Russia to Propose Slashing Oil Production Cuts by Another 42% 

The Wall Street Journal reported Thursday morning that a select committee of OPEC members, including representatives of Saudi Arabia and Russia, will recommend that the cartel and its partners, collectively ...
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DoorDash Tops List of the 20 Fastest-Growing US Brands

Every new company aspires to become the next Apple, with loyal (some might say fanatical) customers willing to pay a premium price for anything stamped with the company's brand. If ...
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2019 Job Losses at 4-Year High as Tech, Mining Fire More Workers 

The outplacement firm Challenger, Gray & Christmas on Thursday released its job-cuts report for November, showing that a total of 44,569 planned U.S. job cuts were announced in the month. ...
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These Are the Housing Markets That Will Grow Fastest in 2020

U.S. home sales have been strong this year, with new home sales up more than 30% year over year in October, according to the latest data from the U.S. Census ...
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What to Expect From Thursday’s OPEC Ministers Meeting

When oil ministers from OPEC oil producers begin their meeting on Thursday, analysts and traders will be looking for an extension of the cartel's current production cuts, or even better, ...
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People Pay More for VWs Than Any Other Brand Sold in the US

Most automakers on Tuesday reported monthly U.S. sales for November. Among those not reporting are the Detroit Three (GM, Ford and Fiat Chrysler) which now report sales quarterly. Among ...
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Consumer Sentiment Remains Strong Heading Into Holiday Shopping Season

Consumer sentiment extended its streak of weekly gains to seven last week, according to the latest report from Morning Consult. Based on the firm's daily survey of some 7,500 U.S. ...
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Mortgage Loan Applications Down for Holiday Week, Loan Rates Make Mixed Moves

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 9.2% in the group's seasonally adjusted composite index for the week ending ...
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Extreme Weather Could Drive 22 Million People From Their Homes This Year

Cyclones, hurricanes and floods drove more than 7 million people from their homes in the first six months of 2019. By the end of the year, the total number of ...
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Oil Major Repsol to Take $5.3 Billion Charge for Going Green

Madrid-based oil and gas company Repsol on Monday announced that it will eliminate by 2050 all greenhouse gas emissions from its own operations and from the energy it sells to ...
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