Author Archives: Paul Ausick

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Will UAW Strike Against GM End Sooner Rather Than Later?

At one minute before midnight Sunday, nearly 50,000 members of the United Auto Workers (UAW) union went on strike against General Motors Co. (NYSE: GM), the first time in a ...
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Companies Are Betting on Innovation to Fend Off the Next Recession

Later Friday morning, the University of Michigan will release its preliminary September reading of U.S. consumer sentiment. The consensus estimate calls for a slight increase from August's final consumer sentiment ...
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The Speediest Smartphones in the US Come from South Korea

Just as smartphones from Apple Inc. (NASDAQ: AAPL), Samsung, Alphabet Inc. (NASDAQ: GOOGL), Huawei, LG Electronics, and others offer different hardware features, so too do the devices vary in their ...
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Short Sellers Pull Back on Energy Stocks

Crude oil traded around $54.11 a barrel early Thursday, down nearly $3 in the past week. Over the past month, the price of West Texas Intermediate (WTI) crude for immediate ...
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Short Sellers Cooling on Solar Stocks and Fleeing Alternative Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on August 30. Of the companies we watch, short interest increased on ...
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Does Walmart’s New Grocery Delivery Program Raise the Stakes?

Mega-retailer Walmart Inc. (NYSE: WMT) announced Wednesday that it will begin this fall offering same-day grocery delivery service at 1,400 stores in all 200 U.S. metropolitan areas where its Grocery ...
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Brake Defect Forces GM Recall of 3.5 Million SUVs and Trucks

General Motors Co. (NYSE: GM) notified the U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday that it will recall 3.456 million vehicles to fix a defective vacuum pump in ...
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August US CEO Departures at Record Monthly High

The number of U.S. chief executive officers who lost or left their jobs in August jumped by 28% compared to the July total. Last month 159 CEOs left their jobs, ...
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OPEC Had a Very Bad August

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components drop by 7.9% in August to $59.62 a barrel, more than ...
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General Electric to Shed Controlling Interest in Baker Hughes

Late Tuesday afternoon, Baker Hughes, a GE Company (NYSE: BHGE), announced a secondary offering of 105 million shares of Class A common stock. All the shares are being sold by ...
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Mortgage Loan Rates Moving Higher Again

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 2% in the group's seasonally adjusted composite index for the week ending ...
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Does PG&E’s Reorganization Plan Have Any Support?

The bankruptcy reorganization plan submitted by PG&E Corp. (NYSE: PCG) on Monday got a predictable response: with a few exceptions, no one liked it. PG&E's plan proposes to pay in ...
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Close to Half of Americans Believe Electric Vehicles Need Gasoline in Order to Run

H.L. Mencken is credited with observing that no one ever went broke underestimating the intelligence of the American public. He didn't use those very words, but the gist of what ...
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Target, UPS Set Seasonal Hiring Plans

It's nearly that time of year again. Now that back-to-school shopping is behind us, U.S. retailers are looking ahead to the holiday season, which generates as much as 30% of ...
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Ford Reveals Big European Electric Vehicle Plans

Ford Motor Co. (NYSE: F) on Tuesday announced the European lineup of 17 electrified vehicles (EVs) the company expects to introduce by 2024. Seven of those vehicles have been or ...
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