Dow 30 Winners and Losers
(DD, MCD, BA, CAT, KFT, AA, HPQ, MSFT, BAC, CSCO, VZ, T, IBM, CVX, TRV, KO, PG, MRK) For the calendar year through August 30th, the Dow Jones Industrial Average is down 4%. But…
All Work
Douglas A. McIntyre
Obama’s Fickle Friends On Wall Street
Andrew Ross Sorkin of the New York Times today waxed eloquently on how quickly President Obama’s friends on Wall Street deserted him. It was remarkable, however, that they stood by him as long as…
Case-Shiller Shows Home Prices Improve
The real estate market is getting better, at least according to the S&P/Case-Shiller Home Price Indices. The data showed what most experts have known for some time. June was a month in which prices…
Today’s Best Market Rumors (8/31/2010)
Updated throughout the day. Apple Inc (NASDAQ: AAPL) will release new versions of the iPod Touch and Nano the week (various) The head of China’s central bank may have left the country (Ming Pao)…
The Twitter-24/7 Wall St. Market Report (8/31/2010) Japan Trouble, Google Magic Mail
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…
Back-To-School Sales Falter
The back-to-school sales period should be completed within two weeks. New data show that the season failed to produce better results than last year and may even have been worse. “Americans’ self-reported spending in…
Euro Area Unemployment Stays At 10%
There is no economic recovery underway in Europe, which is not much of a surprise to anyone who has watched attempts to restart growth there. The unemployment level in the Euro zone area was…
Hollywood Box Office Summer Receipts Move To 1997 Lows
Hollywood.com Box-Office reports that movie receipts will hit lows this summer that will fall as far as the 1997 level. Attendance is expected to move down to 552 million. “The movies just didn’t excite…
US Car Sales Head Toward 1982 Lows
US car and light vehicle sales probably reached a 28-year low in August, their worst level since the same month in 1982. The data for the projections is from Ward’s, a leader in car…
Japan Loses Control Of Its Economic Future
It could easily be argued that almost every major country in the world, with the possible exception of China, lost control over their economies in 2008 and 2009. Some experts would say that “control”…
Media Digest (8/31/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Dell (NASDAQ: DELL) is expected to stop bidding for 3Par (NYSE: PAR). Reuters: BHP Billiton ((NYSE: BHP) says it will not divest Potash (NYSE: POT) divisions. Reuters: Consumer spending rose slightly last month.…
How To Invest $1 Billion Or Not
David Cay Johnston, whose trenchant analysis of tax policy is missed by the New York Times, recently wondered what he would do with $1 billion to invest. His fantasies are more fiscally responsible than…
This Month’s Biggest Index Gains: Dotcom Travel Stocks, Chinese Solar Stocks, and IT Security Stocks
Three Tickerspy indexes posted substantial gains over the last 30-day period. This month’s biggest index gainers are Dotcom Travel Stocks, Chinese Solar Stocks, and IT Security Stocks. Dotcom Travel Stocks have gained 22.7% in the past month.…
Why Stop At A Second Stimulus?
Laura Tyson, who began arguing for second stimulus six months after the $787 billion plan was passed, is making her case again. It may be too little too late. Writing this weekend in the…
Today’s Best Market Rumors (8/30/2010)
Updated throughout the day. Cisco (NASDAQ: CSCO) will buy Skype (TechCrunch) BP plc’s (NYSE: BP) internal report on Deepwater Horizon blames some of its own engineers (FT). India is about to decide the fate…
Twitter-24/7 Wall St. Market Report
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…
Cisco May Buy Skype
The media is full or rumors that Cisco (NASDAQ: CSCO) could by Skype. Cisco has a history or M&A, and Skype would fit with its move into consumer voice and video communications. Cisco has…
Gasoline Prices Plunge
Gas prices often rise in August as Americans take to the road. The prices sometimes peak on Labor Day. The three-day weekend is the last chance to vacation for the summer. But the rise…
Pay And Stress Lead US Worker Concerns
Results for this Gallup poll are based on telephone interviews conducted Aug. 5-8, 2010, with a random sample of 1,013 adults, aged 18 and older, living in the continental U.S., selected using random-digit-dial sampling.American…
Chrysler May Shine As Car Sales Slow
Car sales will probably slow in August as the economy begins to sputter and people wait to see more of the models which will be launched for the 2011 model year. The trend of…