Many Doomed Americans Aren’t Saving For Retirement
A recent survey about America’s financial literacy shows that people who don’t know the difference between a stock and a bond realize that they need to save money. The problem is many people are…
All Work
Douglas A. McIntyre
The Twitter-24/7 Wall St. Market Report (10/18/2010) Citi Earnings, AIA IPO
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 (10/18/2010)
Updated throughout the day. Facebook allows some of its partners to run applications that can allow user information to be tapped (WSJ) Goldman Sachs Group (NYSE: GS) has begun a process to improve its…
Austerity Movement Threatened As Strikes Spread
Strikes by truckers in France threatened to close major highways and may even disrupt inventories of fuel across the European nation. Officials said they would call out the police, if necessary, to keep the…
The Environment In Deep Trouble: What Me Worry?
America, the home of Al Gore and one of the large nations which has become environmentally conscious, is full of people who do not understand pollution or its effects at all. The Yale Project…
The End Of Generosity: Large Charities Suffer Severe Damage As Donations Fall
Total gifts to major charities fell sharply last year, which should not come as a major surprise. The Chronicle of Philanthropy details the trend in its annual Philanthropy 400 survey released today. “Donations to…
Media Digest (10/18/2010) Reuters, WSJ, NYT, FT, Bloomberg
Reuters: Rio Tinto (NYSE: RTP) and BHP Billiton (NYSE: BHP) killed a $116 billion joint iron ore venture. Reuters: The People’s Daily said the rise in the yuan will not last long. Reuters: The…
More Evidence Apple Will Eventually Rule The PC World
The Mac is unlikely to take Apple Inc (NASDAQ: AAPL) to the leader’s board for PC sales. It is still considered too much of a niche product. And, netbooks, which were until recently the…
The Eleven Reasons People Can’t Sell Their Home
The environment for home sales becomes more difficult with each passing month. Some estimates put 11.1 million mortgages, about 23% of the US total, underwater, meaning that homeowners owe their banks more than the…
Treasury Announced Annual Deficit Of $1.294 Trillion
The US Treasury Department announced the final numbers for the nation’s budget deficit for the fiscal year which ended on September 30. It was the second largest in US history at $1.294 trillion. Receipts…
Administration Caves In To China On Yuan
The Treasury Department caved into pressure and delayed its decision to label China as a currency manipulator. The Administration decided to defer the decision instead of sending a report to Congress which accused the…
AOL-Yahoo! — The Genesis Of A Stupid Rumor
As lies go, “we don’t comment about mergers and acquisitions” may not equal “I’ll respect you in the morning” but it’s awfully close. The truth is that companies, their investment bankers and other players…
Sinochem Walks Out on Bid for Potash Corp. (POT, BHP)
It was probably only a matter of time before China’s state-owned chemical company Sinochem walked away from trying to raise enough money to make an offer for Potash Corp. of Saskatchewan Ltd. (NYSE: POT).…
The Twitter-24/7 Wall St Market Report 10/15/2010 GE, Bernanke & Co
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 (10/15/2010)
Updated throughout the day. Sinochem (NYSE: SNP) has given up on its bid for Potash (NYSE: POT) (Reuters) GM should have mid-November IPO (Reuters) Wal-Mart (NYSE: WMT) has renewed it bid for Russian firm…
GE: Mediocre Results A Disappointment: Company Fails To Reinvent Itself
GE showed the world that it has been unable to transform itself from an unwieldy conglomerate to a company that is worth more than the sum of its parts. The firm says it will…
The $8 Million iPhone 4
Most US consumers can buy an Apple (NASDAQ: AAPL) iPhone 4 for $200 or $300, depending on the amount of memory storage. The device can cost closer to $600 when it is not tethered…
OPEC Fights In Favor Of $100 Crude
OPEC is moving towards supporting $100 oil. Some of its members have already started to lobby aggressively to get the price to that level. There are a number of reasons, but the most immediate…
Angelo Mozilo: The Case In Favor Of Hanging
Angelo Mozilo, the former CEO of Countrywide, one of the firms at the center of the mortgage and credit crises, may settle fraud charges with the SEC. At issue is whether Mozilo and his…
The Yuan Currency Manipulation Report
The Treasury Department must decide whether to name China a “currency manipulator” today. Though officials could appear weak by dodging the issue or delaying the twice-yearly report, its impact may be overblown. The law…