Research firm Gartner says that global smartphone sales were up 96% in the third quarter compared with the same quarter last year. That outstripped the 35% rise in total handset sales. “Smartphones accounted for…
China announced that its trade surplus in October was $27.1 billion. The news will certainly be used by the US and other Western developed nations to show that China continues to manipulate the yuan…
The decline of home prices continues at an unprecedented breakneck speed. According to real estate research firm Zillow, “U.S. home values continued to decline in the third quarter, falling 4.3 percent year-over-year, and 1.2…
The FDIC has decided that very large banks should pay more into the agency’s fund than smaller financial firms. In other words, the payments will not be based on a percent of deposits any…
Arguments about the global economy became heated at the G20 summit. (Reuters) Research In Motion (NASDAQ: RIMM) prepared to launch its rival to the Apple (NASDAQ: AAPL) iPad and said threats to its BlackBerry…
US-based credit ratings agencies S&P and Moody’s have been furiously downgrading the sovereign debt of eurozone nations such as Ireland and Greece. Now, it is the stability of US sovereign paper that has been questioned.…
President Obama’s visit to India was telling for many reasons, especially when he said Washington’s relationship with New Dehli would be a “defining relationship” of the 21st Century. He rejected the notion espoused by…
Oil supermajor Chevron Corp. (NYSE:CVX) has announced that it will acquire Atlas Energy Inc. (NASDAQ:ATLS) for $3.2 billion in cash and will take on an additional $1.1 billion in existing debt owed by Atlas,…
Even in the face of a prolonged consumer recession, high unemployment, and a housing crisis, American confidence has risen to the best level this year. According to Gallup: “Americans’ economic optimism seems to have…
Most of us want to know if we’re going to be paying more for a tank of gasoline next week, not how much we’ll be paying in 2035. That kind of thinking is left…
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…
By John Tamny of Forbes High interest rates aren’t a crisis as Ben Bernanke assumes, instead they’re a positive symptom of past mistakes which ensure that no more capital will be destroyed supporting what…
Updated throughout the day. AOL (NYSE: AOL) has hired Bank of America (NYSE: BAC) to consider a bid for Yahoo ! (NASDAQ: YHOO) KKR may finance a buyout of all or part of Yahoo!…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Atlas Energy, Inc. (NASDAQ: ATLS), Ambac Financial Group, Inc. (NYSE: ABK), JA…
The Administrative Office of the U.S. Courts reported that consumer bankruptcies rose sharply in the first nine months of 2010, another sign of individual financial stress due to the recession. A report from The American…
Ton Hayward, disgraced former CEO of BP plc (NYSE: BP), defended the day he spent yachting which was at the peak of the disaster’s effects. In an interview with the BBC, he said “I hadn’t…
Gasoline prices have hit $2.865 for a gallon of regular, according to the Energy Information Administration. That is up nearly 6 cents in a week and 20% from a year ago. The EIA also expects a…
Perhaps the Republicans, fresh from their victory at the midterm elections, are looking to settle old scores such as how President Bill Clinton bested House Speaker Newt Gingrich in the 1995-1996 government shutdowns. Now, …
China warned that QE2 could destabilize the global economy. (Reuters) Aol (NYSE: AOL) has tapped Bank of America (NYSE: BAC) to aid it in its pursuit of Yahoo! (NASDAQ: YHOO). (Reuters) Some Fed officials…
The largest ever study of the internet marketplace in America has just been released by the Commerce Department and the US National Telecommunications and Information Administration. The report, called “Exploring The Digital Nation” is…