Updated throughout the day. “The Securities and Exchange Commission is examining whether firms that collect fees for funneling investors into hedge funds are properly overseeing client money” (WSJ) “In the Securities and Exchange Commission’s…
By John Tamny of Forbes Forbes’ latest feature covers predictions for the future. Concerning the dollar, no major currency in history has lasted longer than 42 years without intrinsic backing. As Utopian as it may sound, this signals…
Two-thirds of American expect a double-dip recession. A number of experts have observed that economists who have called an end to the recession are out of step with the public. The average American lives…
Facebook users spent more time using the social network than people spent on Google (NASDAQ: GOOG) in August, according to research firm comScore. Among all internet users in the US, the total number of…
One of the worst pieces of news that holders of sovereign debt can receive is that a large nation has been able to restructure its obligations on terms which are favorable to the country,…
August video games fell to their lowest level in four years. The belief that sales had begun to recover, based on numbers from late spring and early summer, has proved to be wrong. U.S.…
The high levels of testosterone that flows through the veins of young CEOs can throw off efforts for companies which are at work on mergers and acquisitions according to a new piece of research…
Olli-Pekka Kallasvuo has finally been pushed out as Nokia’s (NYSE: NOK) CEO and will leave the company and its board on September 20. He will get a small consolation prize as he remains chairman…
WSJ: The CEO of Nokia (NYSE: NOK) left the company. Reuters: BP plc (NYSE: BP) will delay Q3 results as it accounts for costs of the oil spill. Reuters: The SEC has begun a…
The Harvard Endowment, the largest of any university in the US posted an 11% return for the period which ended on June 30. That return was less than that for the DJIA over the…
Ebay announced today that Chancellor William B. Chandler III of the Delaware Court of Chancery ruled in the company’s favor in a shareholder suit filed against Craigslist, and its majority shareholders Jim Buckmaster and…
A recession is generally defined as two quarters of GDP contraction as noted by the Business Cycle Dating Committee of the National Bureau of Economic Research. The GDP contraction definition is narrow and cannot…
Just over a week ago, several solar stocks had a nice jump as the DJIA rose some 200+ points. Not all the gains were made by simply hanging on the Dow’s coat tails. There…
Apple (NASDAQ: AAPL) will open its App Store developer program to a number of new types of software, which appears to include the Adobe (NASDAQ: ADBE) Flash technology. We are continually trying to make…
Consumer spending is down. That statement is true based on most data collected by the government and private sector. The mystery and misery for retailers and the general economy is when, if ever, the…
By John Tamny of Forbes President Obama’s proposed tax cuts for plant and equipment address a U.S. economy from at least 100 years ago, would harm up and coming businesses searching for investment thanks to established ones retaining…
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…
Updated throughout the day Singapore sovereign fund GIC will have an IPO (Reuters) Cerberus Capital Management may be the PE firm that made an offer worth up to $2.5 billion for the wine business…
Large research organizations have a habit to state the obvious long after it is obvious to everyone else. The OECD says that world economic growth has slowed and will remain that way for some…
Almost every analysis about competition between the US and China puts the People’s Republic in the lead. China has more people, lower labor costs, more efficient protectionism, a better currency value and a growth…