Foreign Purchases Of US Treasuries Soar
There is no evidence that the US deficit is high enough to keep the capital markets from buying American paper. The purchase of government bonds rose to $125 billion in March up from $53…
All Work
Douglas A. McIntyre
National Employee Morale Day At Pfizer (PFE)
Pfizer, Inc (NYSE: PFE) said that it would lay-off or relocate a number of its New York City employees, but has decided to keep the figure a secret. What is hard on the rank-and-file is…
Today’s Best Market Rumors (5/16/2010)
Updated throughout the day. Private equity firm Apollo Global Management plans to buy U.S. packaging maker Pactiv Corp (NYSE: PTV) (WSJ) Japan may issue a large amount of five-year notes (WSJ) Douglas A. McIntyre…
The Twitter-24/7 Wall St. Stock Market Report 5.16 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 Bank Bailouts Explain Why Banks Aren’t Lending
By John Tamny of Forbes Bank lending has declined each month for the past year. The bailouts of the banks help explain this. TARP propped up institutions that will forever be captive to the…
BP’s Modest Solution
BP plc (NYSE: BP) says it has made modest progress in slowing the leak of crude into the Gulf of Mexico from its Deepwater Horizon rig wreck. It says that a siphon put into the well,…
Starbucks Moves Way Down Market With Flavored Coffee
On May 12th, Starbucks (NASDAQ: SBUX) announced it would strengthen its Seattle’s best brand by building relationships that would get the brew into 30,000 locations by the end of the year. Here is how Starbucks described…
China’s Market Plunge Far From Over
China’s economic prospects are the best that they have been in two years. The World Bank expects its GDP to rise 10.5% this year. There are early signs of inflation, but those may be…
24/7 Wall St.’s Corporate Power Rankings: Week 18
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and change,…
Media Digest 5/17/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
MarketWatch: Shanghai closed down 2% and Europe is weak MarketWatch: The euro hit a four year low against the dollar. Reuters: BP plc (NYSE; BP) says it is making progress with the leak. Reuters: …
Eyjafjallajokull Erupts Again, Closing More Airspace
The Eyjafjallajokull volcano erupted off and on from 1821 to 1823, the last time it was active. So, it should come as no surprise that the eruption in early April which effectively cut air travel…
Greek PM Say US Banks Will Be Investigated
Greek Prime Minister George Papandreou said his country would investigate what role American investment banks played in damaging his nation’s ability to raise money. His theory appears to be that the banks did something wrong.…
Jean-Claude Trichet, President of the European Central Bank, Sees Greatest Crisis Since WWI: EU Leaders Cut Their Throats
Is it any wonder that the euro is below $1.24, that there are concerns about austerity programs in Greece, Spain, and Portugal, and that the markets worry Germany and France may leave the Eurozone.…
Another Chinese Investment in Canada’s Oil Sands (PWE, PTR, ENB, CEO, SNP, TOT, COP, KMP)
Penn West Energy Trust (NYSE:PWE) is the latest beneficiary of Chinese interest in the Canadian oil sands. China Investment Corp., a state-owned sovereign wealth fund, has agreed to invest about $1.23 billion in developing…
The Worst Oil Spill Ever?
From The Atlantic Wire Two alarming reports from National Public Radio and The New York Times this morning suggest that the amount of oil gushing into the Gulf of Mexico is far greater than…
Coinstar: The Next Blockbuster
Courtesy Coinstar Inc.Stock analysts and investors assume that because one business model is better than another, the better business model is strong. That relies on the assumption that either business is good at all.…
The Twitter-24/7 Wall St. Stock Market Report 5.14 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…
Deepwater Horizon Spill Hits More Gulf Coast Shores
More oil moved ashore from the leak of the wreck of the Deepwater Horizon rig. Some scientists believe that the amount of crude being released each day-5,000 by NOAA estimates–is undermeasured by five or six…
Signs Of The Apocalypse: Euro Below $1.25
The euro dropped below $1.25 for the first time in 14 months. It may have happened because Paul Volcker said that “You have the great problem of a potential disintegration of the euro.” according…
Video Game Sales Get Crushed, iPhone May Be Culprit
Video game sales in the US were decimated in April. It is not clear whether this is due to the growth of free games, especially online and on social network sites, or a pullback in…