A Fed Rate Increase In The Making
Ninety-nine out of one hundred economists say that the Fed will not raise rates this time around. The agency will express its concern about inflation and leave it there. The agnosticism about about the…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 167China Begins To Look Like 1980s Japan
Japan hosted the Olympics in 1972, toward the end of a decade in which its economy grew 10%. Now China gets the games and word is that its GDP expansion will be a disappointing…
Can Porn Industry “Stimulate” The Economy?
Many Americans have taken the $168 billion in government largesse that the government granted them to spend on stimulating the economy on stimulating themselves. According to The New York Times of all places, a…
Merrill’s (MER) CEO Cites “Employee Morale” As Reason To Raise Funds
Merrill Lynch CEO John Thain’s decision to sell billions of dollars in bad mortgages at fire sale prices attracted the scorn of Wall Street, which saw it as an ill-time move and a departure…
Media Digest 8/5/2008 Reuters, WSJ, NYTImes, FT, Bloomberg
According to Reuters, large Yahoo! (YHOO) holder Capital Research want to know whether vote counts from the company’s annula meeting were accurate. Reuters writes that the Fed is seen as holding rates steady. Reuters…
Asia Markets 8/5/2008 (CN)(CHL)(CHU)
Markets in Asia were lower. The Nikkei fell .1% to 12,915. Hitachi rose 2.6% to 822. Nippon Oil rose 2.6% to 630. The Hang Seng fell 3.% to 21,832. China Mobile (CHL) was down…
Cisco’s Fiscal Year Earnings on Deck (CSCO)
Cisco Systems Inc. (NASDAQ: CSCO) reports after the close on Tuesday and you can count on technology investors and traders alike to pay attention to the comments of CEO John Chambers more than they…
Alnylam Cancels Conference… What’s Brewing? (ALNY)
We just saw a report out of Alnylam Pharmaceuticals Inc. (NASDAQ: ALNY) that may get traders moving on both sides of the stock. The company has just announced that management will not be presenting…
Insider Buying: Mel Karmazin of SIRIUS (SIRI)
Mel Karmazin, CEO of Sirius Satellite Radio Inc. (NASDAQ: SIRI), has added to his position of company stock. In a show of force to show that he doesn’t want further share erosion or that…
Bankrate Earnings: Half Empty & Half Full (RATE)
Bankrate Inc. (NASDAQ: RATE) has just posted non-GAAP EPS of $0.33 on a 70% gain in revenues to $40.2 million. First Call estimates were $0.33 EPS on $40.22 million. The trick to judging this…
The 52-Week Low Club (NR)(KBR)(MTW)(TIE)(CHIC)(SIRI)(CIEN)
Western Refining (WNR) Snag at one of the company’s units and falling oil prices gang up. Drops to $6.47 from 52-week high of $58.95. KBR (KBR) Rough earnings numbers. Down to $22.94 from 52-week…
Blowhard Greenspan Writes School-Boy Essay On Recession
In the event that investors do not understand that banks are in trouble and that the global economy faces a deep recession, Alan Greenspan has written it all out. The former Fed boss is…
Lehman (LEH) May Raise Cash, Dilute Shareholders
Lehman (LEH) may have to raise several billion dollars. With its market cap below $13 billion, that could be painful for current holders of its common shares. According to Reuters, "Lehman Brothers Holdings Inc…
M/I Homes Files To Raise Cash (MHO)
M/I Homes, Inc. (NYSE: MHO) has just filed for a mixed shelf registration statement with the SEC that will give it the right to sell up to $250 million in securities. The company can…
As Oil Breaks $120, Traders Looking Lower
Does it seem odd that oil prices have continued to fall despite a fairly rapid tropical storm in the Gulf of Mexico developed over the weekend, while a Valero plant had a minimal outage…