Today’s Best Market Rumors (9/1/2010)
Updated throughout the day. Burger King (NYSE: BKC) is for sale (WSJ) Microsoft (NASDAQ: MSFT) will team up with a partner in China to expand its search operations. (WSJ) JPMorgan Chase (NYSE: JPM) will…
All Work
Douglas A. McIntyre
The Twitter-24/7 Wall St. Market Update (9/1/2010) Job, Job, And Amazon TV
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…
ADP Private Payroll–More Double Dip Fuel
ADP data on private sector employment was disappointing and pointed to a potential weak national joblessness announcement on Friday. The information, added to consumer confidence, housing, and a faltering manufacturing environment are more indications…
Moody’s Dodges The SEC Bullet On Inflated Ratings Issue
The management and investors of Moody’s Investment Services can breathe a sigh of relief. The SEC will not pursue charges against the company for its inflation of the ratings on a number of securities…
Young Women Outearn Men By A Mile For Awhile
Young women outearn their male counterparts by a mile. According to information from Reach Advisers published by The Wall Street Journal, “In 2008, single, childless women between ages 22 and 30 were earning more…
The Race For Online TV Will Have Few Winners
The race to sell TV and films on internet connections to the home and wireless connections to the smartphone has grown more fierce. In just the last day it has been rumored that Amazon.com…
The E-Reader Cuts Its Throat More Deeply
Border’s (NYSE: BGP) has cut the price of most of its e-readers as it tries to improve the tiny market share its has compared to the Amazon.com (NASDAQ: AMZN) Kindle and Barnes & Noble…
China Manufacturing Brightens As Global Recession Looms
China manufacturing picked up in August, shaking off a slow period that began more than a year ago. The China Federation of Logistics & Purchasing said its purchasing managers index rose to 51.7 from…
Media Digest 9/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
WSJ: Burger King (NYSE: BKC) is considering a private equity buyout. Reuters: China’s manufacturing sector grew. Reuters: China may probe the BHP Billiton (NYSE: BHP) buyout offer for Potash (NYSE: POT). Reuters: Amazon.com (NASDAQ:…
How High Will Gold Prices Rise?
These days investors frustrated by a shaky stock market believe that all that glitters is gold. Futures in the precious metal for December delivery may hit $1,500 an ounce next year, 21 percent higher…
The States Where America Spends The Most (And The Least) Per Person
The US Census came out with its annual report, the “Consolidated Federal Funds Report for Fiscal Year 2009: State and Country Areas” on how much the federal government spends on the 307,006,550 citizens who…
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…
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…