These are some of the cautious analyst calls and analyst downgrades we have seen from Wall Street firms with more than two hours until the market opens this Tuesday morning: ... Read Full Story »
Rumors that China's GDP and demand for oil are increasing continue to take oil prices up, even if they turn out not to be true. The madness over a Chinese ... Read Full Story »
The stimulus package has failed to halt the rise of unemployment and has done little to improve investment spending by businesses. Real estate prices are still dropping and the default ... Read Full Story »
Goldman Sachs (GS) has a tin ear. It cannot hear or wishes to ignore the tremendous bad publicity that has come from news that it will pay out record bonuses ... Read Full Story »
One piece of news no one ever expected to hear is that Exxon (XOM) will put $600 million into a project that seeks to convert algae into liquid fuel for ... Read Full Story »
Forecasting is the meticulous brother of optimism. The Administration is still determined to create or retain 3.5 million jobs by the fourth quarter of 2010 through its $787 billion in ... Read Full Story »
It is now old news that the Treasury has reported that the US budget gap for June was just over $94 billion which compares with a surplus of over $33 ... Read Full Story »
Reuters: Riots in China show the nation is in flux. Reuters: The US is considering mortgage aid for the unemployed. Reuters: The June budget gap was $94 billion. Reuters: Rattner ... Read Full Story »
Markets in Asia were higher The Nikkei rose 2.3% to 9,262. The Hang Seng was up 2.8% to 17,744. HSBC (HBC) was up 5%. The Shanghai Composite rose 2.1% to ... Read Full Story »
Shares of Take-Two (TTWO) Interactive fell 14% after hours as the company cuts its forecasts of earnings and sales for its fiscal 2009. The major reason for the change was ... Read Full Story »
After a sharp sell-off during the day due to concerns about a Chapter 11 filing, CIT (CIT) rallied by over 20% after hours on rumors that the federal government may ... Read Full Story »
CIT Group, Inc. (NYSE: CIT) has been hit steadily after news that it was not going to have the government loan guarantees, then on concerns that certain customers could be ... Read Full Story »
Dell Inc. (NASDAQ: DELL) has preempted the entire tech earnings season by offering some guidance of its own. The PC-centric tech giant has said that year-over-year demand for IT products ... Read Full Story »
This week will mark the kickoff for the real flood of Q2-2009 earnings season. We have many key technology stocks reporting earnings this week and these should help to craft ... Read Full Story »
Fresh support among Republican senators for a massive expansion of nuclear projects is unlikely as proposed, but it's an indication of the concessions needed for Democrats to pass their ... Read Full Story »