Author Archives: Paul Ausick

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Where Summer Gas Prices Are Headed

Pump prices for gasoline stopped just short of $3.00 a gallon ahead of the Memorial Day weekend, following early reports that the Organization of the Petroleum Exporting Countries (OPEC) and ...
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General Electric Exits the Dow as Year’s Worst Performing Stock

General Electric Co. (NYSE: GE) shares dropped about 1.9% last week and the company will end its 111-year run as a Dow Jones industrial average stock on Monday as the ...
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Visa Takes Over as Dow’s Top-Performing Stock

Credit card giant Visa Inc. (NYSE: V) last week took over the top spot as the best performing Dow Jones industrial average stock for the year to date. The stock ...
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Ambev, Renren Slide into Friday’s 52-Week Low Club

June 22, 2018: Here are four stocks trading with heavy volume among 67 equities making new 52-week lows in Friday's session. On the NYSE advancers led decliners by about 2.11 ...
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McDonalds, Verizon Lift the Dow Friday

June 22, 2018: Markets opened higher Friday and the Dow appears on track to end an eight-day streak of closing in the red. The Nasdaq Composite has pulled back from ...
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US Oil Rig Count Ticks Down but Prices Jump on OPEC News

In the week ending June 22, 2018, the number of land rigs drilling for oil in the United States totaled 862, one less than in the previous week and up ...
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Business Leaders Want to Build ‘Talent Pipeline’

A common complaint from employers ever since the financial crisis is that they can't find employees with the skills businesses need. For a time this so-called structural unemployment grabbed a ...
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St. Louis Fed Adds Cryptocurrency Prices to FRED Database

The Federal Reserve Bank of St. Louis on Tuesday quietly added four series of cryptocurrency prices to its Federal Reserve Economic Data (FRED) database. The four cryptocurrency time series track ...
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What OPEC’s Production Hike Means

Crude oil prices added about 3% Friday morning following reports that Organization of the Petroleum Exporting Countries (OPEC) oil ministers have reached a deal to raise production quotas to add ...
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UPS, Teamsters Shake Hands on 5-Year Contract

United Parcel Service Inc. (NYSE: UPS) said Friday morning that the company has reached a tentative agreement with the Teamsters union on a five-year contract covering union employees involved in ...
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SpaceX Falcon Heavy Rocket Wins US Air Force Contract

Space Exploration Technologies, better known as SpaceX, on Wednesday was awarded its first-ever U.S. Air Force contract to fire a classified military satellite into space using its Falcon Heavy rocket. ...
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General Electric, Starbucks Drop into Thursday’s 52-Week Low Club

June 21, 2018: Here are four stocks trading with heavy volume among 86 equities making new 52-week lows in Thursday's session. On the NYSE decliners led advancers by about 2.04 ...
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Chevron, Caterpillar Sink the Dow Thursday

June 21, 2018: Markets opened mixed Thursday but it didn't take long for equities to turn south and spend the rest of the day in the red. Those nasty trade ...
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Natural Gas Price Slides on Larger-Than-Expected Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 91 billion cubic feet for the week ending June 15. Analysts were expecting a ...
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AT&T Marks Time Warner Win With New Streaming Offer

That didn't take long. Just days after winning approval for its $85 billion acquisition of Time Warner, AT&T Inc. (NYSE: T) has announced two new unlimited wireless plans that will ...
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