The Promise Of Online Video Still Unfulfilled
The day on which the promise of online video is fulfilled has still not come. New comScore data shows that YouTube, which has still not found a business model, dominated the use of internet-based…
All Work
Douglas A. McIntyre
A Ray Of Hope For Christmas Cheer
Most estimates are that there will be a very modest rise in consumer spending this holiday season which either began at the start of November or will begin the Friday after Thanksgiving, depending on…
Ireland Has Reason To Hold Out As EU Pressures A Restructuring
Ireland is under what has become relentless pressure to take a bailout from the EU’s trillion-dollar facility, which used to help Greece in its time of need. There have been two arguments made by…
The Fed: Finally Independent Again
The Federal Reserve seemed to abandon its independence at the start of the credit crisis. Ben Bernanke and then-Treasury chief Henry Paulson worked arm-in-arm to combat a collapse in the US bank system. The…
Media Digest (11/16/2010) Reuters, WSJ, NYT, FT, Bloomberg
The demand for GM stock may push the price per share of the IPO to $33. (Reuters) Rolls Royce began to build more engines to replace faulty ones on Airbus A380s. (Reuters) George Soros…
The Good, The Bad, And The Irrelevant: Philly Fed Sees Slow Q4
Verdict: Bad The Federal Reserve Bank of Philadelphia has posted the new results of its periodic survey of economists. The conclusion of the new poll is that the current quarter will be much worse…
Here’s Where Some of That Mountain of Corporate Cash is Going
There have been plenty of stories in the past few weeks about the $2 trillion in cash that US corporations are sitting on. The money is not being invested in hiring or plant expansion,…
American People To Congress: Focus On Jobs
If you listen to the Tea Party’s rhetoric, the American people are mad as hell about the deficit and are not going to take it any more. The problem is that it’s not the…
The Good, The Bad, And The Irrelevant: Google Tries To Draw US Into China Dispute
Verdict: Irrelevant Google (NASDAQ: GOOG) has begun to enlist the US government’s assistance in its fight against China’s censorship of online search results. The effort is a waste of time because the US government…
The Twitter-24/7 Wall St. Market Report 11/15/2010 Caterpillar M&A, Retail Sales Surge
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Top Active Trader Alert Stocks (BUCY, CSUN, GTSI, ISLN, RINO)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Bucyrus International Inc. (NASDAQ: BUCY), China Sunergy Co., Ltd. (NASDAQ: CSUN), GTSI Corp.…
Today’s Best Market Rumors (11/15/2010)
Updated throughout the day. China car company SAIC will buy a stake in the GM IPO (Reuters) Facebook will add and e-mail service (WSJ) Goldman Sachs Group’s (NYSE: GS) bid to pay $5 billion…
Europe Paints A Bleak Picture Of Its Own Prospects
nationsonline.orgEuroStat, the statistics bureau of the EU, reports a sharp increase of both the region’s deficit to GDP ratio and debt to GDP ratio calculated for last year. “In 2009, the government deficit and…
What Does Potash Do Now?
BHP Billiton (NYSE: BHP) has withdrawn its its bid to purchase Canadian fertilizer company Potash (NYSE: POT) and now plans to buy $4.2 billion of its own stock. BHP shareholders are relieved. The $39…
Media Digest (11/15/2010) Reuters, WSJ, NYT, FT, Bloomberg
BHP Billiton (NYSE: BHP) abandoned its bid for Potah (NYSE: POT) and said it would begin a $4.2 billion buyback. (Reuters) SAIC has agreed to take a stake in the GM IPO. (Reuters) China…
Greenspan, At 84, Can See The Future
Alan Greenspan is a child of the Depression, born in 1926. He spends much of his time, now retired from the chairmanship of the Federal Reserve, traveling the globe dispensing advice about the credit…
Fed Official: Foreclosures No Better In 2011
Foreclosures, along with unemployment, are a plague that continues to bedevil the economy. The problem has caused the collapse of Fannie Mae and Freddie Mac, which could eventually cost taxpayers more than a half a trillion…
The Good, The Bad, And The Irrelevant: Turkey Prices Hit All-Time High
Bad. As Thanksgiving approaches, the price of turkey has hit an all-time high, evidence that inflation may have begun to affect the economy more than most Americans imagine Bloomberg reports that “U.S. wholesale, frozen…
The Good, The Bad, And The Irrelevant: No GM Shares For The Masses
Irrelevant CNBC has reported that GM will not allocate any shares in its IPO for customers of Charles Schwab (NASDAQ: SCHW), TDAmeritrade (NASDAQ: AMTD), and E*Trade (NASDAQ: EFTC). That means retail investors are unlikely…
Is Starbucks Making the Same Expansion Mistake Twice? (SBUX, MCD)
Does the US consumers’ taste for coffee translate well into Chinese? It looks like Starbucks Corp. (NASDAQ: SBUX) is determined to find out. Sales and profits have picked up in the last year or…