Despite a first-quarter gross domestic product number that came in below expectations, the consumer is continuing to do his fair share to help drive the economy. One of the big ... Read Full Story »
JPMorgan has issued some very mixed analyst initiations this morning pertaining to the U.S. auto sector, which includes many of the key parts and systems providers in the group. Ford ... Read Full Story »
The earnings warnings are spreading. Cummins Inc. (NYSE: CMI) tried to masquerade a negative 2012 outlook update by hiking its dividend 25% to $0.50 per share per quarter. The engine-maker ... Read Full Story »
On Tuesday the US Department of Energy announced awards to 13 projects totaling more than $54 million. According to the press release: [The projects seek] to advance transformational technologies and ... Read Full Story »
By now, most investors know that the large hedge funds are run by billionaires rather than millionaires. What many investors might not know is that some hedge funds are reaching ... Read Full Story »
Stocks open slightly higher this morning, but quickly reversed course to begin falling in less than five minutes of trading. The DJIA hit a morning low just before noon and ... Read Full Story »
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. As usual for the week between Christmas and New Years, ... Read Full Story »
US equity markets rose rather steeply in the first hour of trading this morning, but weren’t able to sustain the momentum for long. Consumer confidence indexes rose this month, but ... Read Full Story »
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning. It is generally light in analyst coverage the week between ... Read Full Story »
The supercommittee appears unlikely to settle on a deficit agreement. (Reuters) A senior Chinese official says he expects the global recession to last for some time. (Reuters) Spain’s center-right People’s ... Read Full Story »
The coming week might feel a bit like a return to normalcy as far as securities offerings are concerned. We are actually set to have several IPOs and we have ... Read Full Story »