The Bank of Japan did the unexpected. It cut policy interest rates to a range of .01% and zero. That program looks much like what the Federal Reserve and European Central Bank have done.…
Reuters: Bank of Japan moved rates to zero Reuters: September retail sales were probably up due to promotions. Reuters: Obama said the fiscal situation was untenable. Reuters: Twitter appointed a new CEO. Reuters: Google…
At the Annual Meeting of the Rhode Island Public Expenditure Council, Providence, Rhode Island, Fed chief Ben Bernanke continued to say that the federal deficit is a threat which grows by the day and…
The stock market had its best September since the days of Franklin Delano Roosevelt. Investors are wondering whether the good times will last. The answer, according to Wall Street analysts, is a qualified yes.…
The euro was under siege in the spring and sold down to $1.17. The S&P 500 rose during the same period from 1,100 in early April to 1,210 in late May. Wall Street expected…
Twitter has, by most estimates, 100 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 It’s settled wisdom among Keynesian economists and their media enablers that tax cuts for the rich aren’t stimulative given the propensity among the rich to save. What they miss…
Updated throughout the day. Visa (NYSE: V) and MasterCard (NYSE: MA) are close to a settlement with the Justice Department over an antitrust probe. (WSJ) Kuwait will invest $1 billion in the AIA IPO…
Crude oil traded just above $70 a barrel in late August. That was its 52-week low. It has rallied 16% since then, and the rally may not have ended. There is a great deal…
Carol Bartz, the CEO of Yahoo! (NASDAQ: YHOO), is supposed to be fired this week, this month, or later this year, according to a number of media outlets. The reason is that Yahoo!’s stock…
Almost every piece of data on major market volume shows that the number of shares traded on an average day continues to drop. There are a great number of guesses about why. The Wall…
The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
Reuters: The American Sociology Review said a group of mortgages aimed at racially segregated neighborhoods helped cause the mortgage crisis. Reuters: Sanofi-Aventis made an $18.5 billion offer for Genzyme (NASDAQ: GENZ). Reuters: Philadelphia Fed…
How well run are America’s fifty states? 24/7 Wall St. has taken several months to consider that question. Our writers looked at hundreds of data sets ranging from debt rating agency reports to violent…
Ireland’s economy is in a state of chaos thanks to a taxation system that is both inefficient and unfair. About the only group not complaining are the many American companies who consider the Emerald…
Economists have expected for some time that many Americans will need to delay their retirements and work well into their 70s. There are no longer sure sources of investment retirement funds because of the…
Customers who bought Apple (NASDAQ: AAPL) iPads when the table was first introduced loved the machines. People who have bought them more recently–not so much. NPD research shows that “almost 80 percent of early…
Microsoft Corp. (NASDAQ: MSFT), which has failed to catch Google Inc. (NASDAQ: GOOG) in search, is now trying to battle it the in mobile operating systems market. It’s a longshot at best. The world’s…
Ford Motor (NYSE: F) wants to be the No.1 car company in America. It came close in September. Ford’s sales rose 46% to 160,873. GM’s units sold rose 22% to 172,969. Ford’s sales were…
Twitter has, by most estimates, 100 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…