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 number of homes going into foreclosure is, by some measures, more than 300,000 a month. Buyers are taking advantage of that trend. RealtyTrac reports that “foreclosure homes accounted for 31 percent of all…
The International Swaps and Derivatives Association claims the financial reform bill, as its exists now, will require traders to post collateral for all over-the-counter derivatives that are not cleared, including those involving an end-user.…
The $19 billion bank tax which was a cornerstone of the financial reform bill appears to be dead. But in the ever-changing negotiations to get legislation to the President’s desk next month, the fate…
The unemployment rate in the US is about 10%. The figure rises to 17% when people seeking full-time work who have part-time jobs and those who have stopped looking for work are included. But…
Reuters: Democrats will make a final push for financial reform. Reuters: Hurricane Alex is likely to affect clean-up efforts in the Gulf significantly. Reuters: Oil will have its first quarterly drop in prices since…
Moody’s (NYSE: MCO) has done many bad things including leading investors in mortgage-backed securities astray by giving the risky instruments AAA ratings. Some observers even believe that the credit ratings agency had a critical…
Via MarketWatch: The sweeping Dodd-Frank bank reform bill was amended Tuesday by a joint House-Senate conference committee to change the way the bill is funded, in order to address the objections of several key…
The House of Representatives failed to pass a bill to extend unemployment benefits until November. The number of people who would be covered is more than a 1.5 million and increases by at least…
Dell board member William H. Gray III, who runs the company’s Governance and Nominating committee, has a problem. He needs to replace CEO Michael Dell, but replacing a company’s founder is hard. He has…
Heavy losses were sustained in three Tickerspy indexes over the last 30-day period. This month’s biggest index losers are in home furnishing retailers, homebuilders, and surety and title insurance stocks. Home furnishing retailer stocks are…
In mid-January Google Inc. (NASDAQ:GOOG) first revealed that it may shut down its Google.cn search engine due to censorship from the Chinese government. In March, Google settled on re-directing search requests to Google.hk, where…
Consumer confidence plunged in June according to The Conference Board. “The Consumer Confidence Index, which had been on the rise for three consecutive months, declined sharply in June. The Index now stands at 52.9…
The Case-Schiller Home Price Indices which measures house values in the top 10 and top 20 US markets, showed a very modest increase from the depths of the housing crisis last year. The 10-city…
Updated throughout the day. “Deutsche Bank AG, Commerzbank AG and Bayerische Landesbank passed a stress test that evaluated how about 25 European lenders would weather an economic downturn, said three people familiar with the…
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…
Domestic car sales are expected to move into reverse in June. That should be expected after a year of monthly increases–some of them breathtaking. Edmunds expects every major car company to post declines with…
Greek unions stages another series of strikes over austerity plans. It leads to the question of whether labor slowdowns will cut GDP by harming tourism and other key industries. If so, expense cutback by…
Law firm Kershaw, Cutter & Ratinoff is at work lining up plaintiffs for a suit against Apple Inc. (NASDAQ: AAPL) over the alledged antenna problems on its iPhone 4. The firm put out the…
Tropical storm Alex may become a hurricane in the next 24 to 48 hours. Its most likely path is to hit land near the Texas-Mexico border. Alex may send gale force winds and waves…