courtesy of Apple Inc.Apple Inc. (NASDAQ: AAPL) is seeing its woes continue on both Wall Street and what is expected from Main Street. On the heels of word that CEO Tim Cook is tying…
ThinkstockThe Federal Reserve Bank of Dallas is out with regional economic data for the month of June. The Manufacturing Production Index rose to 17.1 in June from 11.2 in May. The Business Activity component…
ThinkstockLike his colleague James Bullard at the St. Louis Fed, New York Fed President William Dudley thinks the last week’s Federal Open Market Committee (FOMC) statement was not the best the central bank could…
courtesy of NeimanMarcus.comNeiman Marcus is going to become a public company again. After going private in a private equity buyout, the upscale retail department store has filed its paperwork with the U.S. Securities and…
Brian Solis, via Wikimedia CommonsBased on the rumor that Facebook Inc. (NASDAQ: FB) will start the equivalent of a news feed (Reader) for its members, the market ought to be trading the social network’s…
thinkstockShortly after markets opened this morning, the DJIA was down more than 1%, while the S&P 500 and the Nasdaq were off even more. Index futures were even lower, so maybe the opening should…
ThinkstockIf you think that the United States is down, the move was even worse in China. Barron’s took its shot at a coming credit crisis in China over the weekend, but what stood out…
ThinkstockNews that Western Digital Corp. (NASDAQ: WDC) and is acquiring STEC Inc. (NASDAQ: STEC) has shares of STEC rising massively on Monday morning. What really matters here is that Western Digital’s move here is…
ThinkstockThe Federal Reserve Bank of Chicago has issued its National Activity Index (CFNAI) for the month of May. While the number appears to be an improvement over April, it is unfortunately still a negative…
ThinkstockWhen Chinese interbank lending rates shot up last Thursday, the blame was laid at the feet of the People’s Bank of China (PBoC), the country’s central bank, which had refused for the first time…
These are the top analyst downgrades, cautious research notes and stocks to sell from Wall Street for Monday, June 24, 2013. They include Anheuser-Busch, Deere, Clearwire and Walgreen.
ThinkstockEven the best firms on Wall Street sometimes lose their analysts, and when that happens they are forced to suspend their coverage on stocks until they can replace the talent. Oppenheimer has replaced its…
ThinkstockU.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) this morning announced that its Australian subsidiary has offered to buy the approximately 80% of Australia’s GrainCorp Ltd. that it does not already own for…
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Monday, June 24, 2013. They include Advanced Micro Devices, Schwab, First Solar and Toll Brothers.
ThinkstockThe move to 2.53% in the 10-year Treasury is still near the lower end of the range of 1.5% to 5.1% since 2003. Of significance to the master limited partnership (MLP) analysts at Deutsche…