Last week's draw-down in crude oil is not being mirrored this week. We just saw the weekly Department of Energy inventories and the reading came to a gain of 128,000 ... Read Full Story »
Vonage (VG) have moved from $.46 to $2.63 in three trading days. The shares are already losing momentum, and have dropped to $2.24 on massive volume of over 36 million ... Read Full Story »
Instinet is often thought of as one of the oldest electronic communications networks, or ECN's, which traders have used for years for equities trading; but now it is effectively an ... Read Full Story »
We are seeing some of the same players in the top day trader and active trader alerts, although we are also getting some new names in here as well. There ... Read Full Story »
Durable Goods is always one of the most volatile of all big economic numbers, and the report this morning for July is proving that to be the case. The headline ... Read Full Story »
By John Tamny of RealClearMarkets Yesterday President Obama confirmed what futures markets seemingly already knew, that Ben Bernanke would be reappointed as Fed Chairman. Whatever one's opinion of Bernanke, his ... Read Full Story »
These are ten of the top pre-market analyst upgrades, downgrades, and initiation calls we have seen from Wall Street early this Wednesday morning with close to two hours until the ... Read Full Story »
American internet speeds are slow, very slow by international standards. That may be one of the reasons that the $787 billion economic stimulus package has a large financial commitment to ... Read Full Story »
Sales of the Sony (SNE) PS3 and Microsoft (MSFT) Xbox 360 run behind those of the Nintendo Wii most months and in most countries. Sony has attempted to remedy that ... Read Full Story »
Toyota (TM) plans to cut its global capacity to manufacture vehicles by as much as one million units per year. It now has the ability to build 10 million autos, ... Read Full Story »
The Congressional Budget Office and The White House both offered appraisals of the federal deficit for the next 10 years. Each analysis yielded alarming numbers. The CBO figures estimated that ... Read Full Story »
Reuters: Senator Edward Kennedy died at age 77. Reuters: The US Postal System is seeking 30,000 job cuts. Reuters: US housing and confidence data moved up. Reuters: White House and ... Read Full Story »
Stocks is Asia were higher. The Nikkei was up 1.4% to 10,640. Toyota (TM) gained as planned to cut costs. The Hang Seng moved higher by .1% to 29,452. China ... Read Full Story »
Short sellers moved out of tech stocks in large volumes at mid-month. Based on short interest figures as of August 14, shares short in Intel (INTC) fell 33% to 88.3 ... Read Full Story »
By Douglas A. McIntyre The federal judge who was supposed to approve a $33 million settlement between Bank of America (BAC) and the SEC over omissions in the bank's proxy ... Read Full Story »