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…
All Work
Douglas A. McIntyre
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BHP Billiton (NYSE: BHP) has withdrawn its its bid to purchase Canadian fertilizer company Potash (NYSE: POT) and now plans to buy $4.2 billion of its own stock.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…
Top Active Trader Alert Stocks (BA, DIS, DVOX, ESE, FNSR, NVDA, OINK, WEN)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking movement in shares of The Boeing Company (NYSE: BA), The Walt Disney Company (NYSE: DIS), Dynavox (NASDAQ: DVOX), ESCO Technologies (NYSE:…
The Twitter-24/7 Wall St. Market Report (11/12/2010) The Beast M&A, Airbus Trouble
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…
Today’s Best Market Rumors 11/12/2010 Privacy Czar, Yahoo! Rumors
Updated throughout the day. Walmart (NYSE: WMT) may buy Indonesia retailer Matahari (Reuters) The Obama administration will create an online privacy czar (WSJ) Yahoo! (NASDAQ: YHOO) may cut its job force (WSJ) Douglas A.…
Even With Sell Off, China’s Markets Give Up Little
The Shanghai Composite lost 5.2% overnight, some say in reaction to a potential tightening of lending. Others say it a fear that there will be a sovereign debt crisis is Ireland which may cause…
Yahoo! Layoff Rumors: Is The Old Internet Dying? No More Than Anything Else
There is a rumor that Yahoo! (NASDAQ: YHOO) will layoff 20% of its workforce or 20% of the workforce in one of its divisions. Neither may be true. Yahoo! has become the target of…
Ireland And The Return Of Moral Hazard
nationsonline.orgIreland is in deeper financial trouble than it might imagine. A recent Bloomberg poll of global capital markets investors showed that 51% believe Ireland is likely to default on its sovereign debt obligations. Ireland…
Media Digest 11/12/2010 Reuters, WSJ, NYT, FT, Bloomberg
EU officials tried to reassure capital markets about Ireland’s viability. (Reuters) Yahoo ! (NASDAQ: YHOO) said a report it would lay of 20% of staff was “misleading.” (Reuters) Newsweek and The Daily Beast will…