The iPad Passes The Kindle
Recent research shows that the number of Apple Inc. (NASDAQ: AAPL) iPads has passed the number of Amazon.com (NASDAQ: AMZN) Kindles in the hands of consumers. The news could undermine Amazon’s successful e-book store…
All Work
Douglas A. McIntyre
Europe’s Economy Expands More Than Expected
Markit’s Eurozone Flash Services Purchasing Managers’ Index showed an expansion of the EU economy this month that was not expected. It was the first improvement in three months as the index rose to 56.7…
In Bernanke We Trust?
Ben Bernanke, head of the Federal Reserve, is credited by many people for lifting America and much of the rest of the world out of the financial crisis of 2008 and early 2009. He…
Congress, The Author Of Financial And Health Care Reform, Has Little Public Confidence
Congress has been at the center of most of the revolutions that have affected or will affect life in America now and over the next several decades. There is nothing new about that, but…
As Starbucks Stores Brim To Overflowing, Investors Sell The Stock
The stock market was unsettled by Starbucks quarterly results. Revenue rose a very modest 9% to $2.6 billion, which is not impressive given the economic recovery of middle and upper class discretionary spending. Comparable…
How The Movies Killed Netflix
Wall St did not like the results of Netflix (NASDAQ: NFLX) last quarter and flogged the movie rental company’s shares as if they were Blockbuster’s, taking 10% off its market cap. Investors have come…
Media Digest 7/22/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BP plc (NYSE: BP) defended its CEO as it considered new options to kill the well. Reuters: The Senate voted to restore jobless benefits. Reuters: Obama’s budget review may trim the 2010 projected…
This Month’s Biggest Index Gains: Chinese Solar, MLPs, and Chile Stocks and ADRs
Three Tickerspy indexes posted substantial gains over the last 30-day period. This month’s biggest index gainers are Chinese solar, MLPs, and Chile stocks and ADRs. Chinese solar stocks have gained 19.7% in the past month.…
Apple iPad Teams With Magazine Industry: Good Bad & Ugly
It’s been a while since I reported on my iPad–which, since those first few posts, has convinced about 2.7 million more people to give it a try. It’s now become my only travel device,…
Chinese Deny #1 Ranking in Energy Consumption
The ink was barely dry on a report from the International Energy Agency that China now topped the US in energy consumption when the Chinese government called the report “not very credible.” The IEA…
Today’s Best Market Rumors (7/21/2010)
Updated throughout the day. BP plc’s CEO Tony Hayward will step down, or not (Times of London, Reuters) AIG (NYSE: AIG) picked Morgan Stanley (NYSE: MS) and Goldman Sachs Group (NYSE: GS) to handle…
The Twitter-24/7 Wall St. Stock Market Report 7.21.2010 The Wisdom Of Crowds
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…
The 10 Biggest Brand Disasters of 2010 (BP)(DELL)(SNE)(GS)(JNJ)
By Douglas A. McIntyre, 24/7 Wall St. It’s been a rough year for those in the branding business at big corporations. SEC investigations, massive product recalls and oil spills (among more traditional factors like…
Google Images Hits One Billion Page Views A Day
Google (NASDAQ: GOOG) now has more than 10 billion images in its “image” section and consumers access the service at the rate of one billion pageviews day. Google Images was launched in 2001 with…
Driving The Plug-In Hybrid To Oblivion
The plug-in hybrid, a car that uses the same socket as a vacuum cleaner, or at least one close it, has gotten the full force of backing from the Obama Administration. The President believe…
BP CEO Tony Hayward Is Here To Stay, And Lord Browne Takes The Blame
BP plc (NYSE: BP) may be in desperate trouble, but its CEO Tony Hayward will not be fired. According to Reuters, he has the full support of the company’s board. It does not matter…
Government Anti-Foreclosure Program Falters
The Administration’s anti-foreclosure program, part of the $75 billion HAMP initiative, has posted worse results as time has passed. More than 91,000 homeowners cancelled their government loan modifications in June, while about 39,000 received…
The States With The Highest Unemployment For The First Six Months
There are ten states which have had unemployment rates consistently above 10% for the first six months of the year. Many also have desperate budget problems, a combination of high social services costs–driven to…
Media Digest 7/21/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BP plc (NYSE: BP) said as it prepares to sell some assets that its CEO is not leaving. Reuters: The Senate approved an extension of unemployment benefits. Reuters: Apple Inc. (NASDAQ: AAPL) beat…
Apple: Another Walk-Off Home Run Quarter
Apple Inc (NASDAQ: AAPL) usually beats Wall Street expectations, but for the most recent quarter, it outdistanced them by a mile. Apple posted record revenue of $15.7 billion and net quarterly profit of $3.25…