The recovering US economy is fueling demand for crude oil, and the demand for crude oil is boosting demand for ethanol. Corn prices, which had been low for months, have recently risen sharply on…
There were strong gains in three Tickerspy indexes over the most recent 30-day period. This month’s biggest gainers are in recreational vehicles, homebuilders, and vehicle rental stocks. Homebuilder stocks are up 19.3% in the past month. The best performing stocks…
Updated throughout the day China shipbuilder Jiangsu Rongsheng Heavy Industries will have an IPO of $1.5 billion with JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) as underwriters (Reuters) The Senate will start voting on amendments…
By John Tamny of Forbes The IMF/EU package for Greece is yet another backdoor bailout of banks that will over time imperil the euro. The global economy will suffer for investors being given yet…
This is the Twitter-24/7 Wall St. market report for May 4, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
By staff reporter Huo Kan, Caixin In an apparent effort to curb inflation, China’s central bank has raised reserve requirement ratios for the third time this year Read more…
The Eyjafjallajokull volcano in Iceland began to erupt again, grounding flights in the northern UK. And there are fears that the nearby Katla volcano may be unstable. Airports around Europe may be shuttered again. That…
By Robert Herbst And so it goes after years of trying, United Airlines (NASDAQ: UAUA) finally found a competing airline to say “yes.” Big “deals” usually mean there is a consequence to doing something and…
The need for money to support the federal deficit in the April to June period grew from earlier forecasts. The Treasury expects to issue $340 billion in net marketable debt, assuming an end-of-June cash…
Reuters: The Senate will begin to vote on the financial reform bill. Reuters: Regulators are considering an antitrust case against Apple (NASDAQ: AAPL) Reuters: Tensions between Germany and France over the Greek bailout may…
The major concern about the March employment numbers is that the economy added 162,000 jobs, but of those, 48,000 were temporary workers who have been hired for the 2010 Census. Economists pointed out that this Census employee trend…
It is no wonder that small business and consumers are not as active as they would need to be to support a meaningful improvement in US GDP. The Federal Reserve survey of senior bank…
The American Clean Energy Leadership Act of 2009 included plans on how to pay for the cost of electricity transmission from projected wind farms in remote parts of the US to consumers who would…
By Max Fisher of The Atlantic Wire Microsoft had long been rumored to be planning a tablet computer called the Courier, a Windows-running gadget akin to Apple’s iPad. The Courier’s two small screens, which…
The crude oil leak caused by the explosion and sinking of BP plc’s (NYSE:BP) Deepwater Horizon semi-submersible rig continues to pump about 5,000 b/d into the waters of the Gulf of Mexico. BP is…
Updated throughout the deay. Cost of oil spill could go over $14 billion (CNBC) Apple (NYSE: AAPL) sold over one million iPads in first month (CNBC) Apple could be the target of antitrust charges…
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…
By John Tamny of Forbes All this talk about the U.S. becoming the next Europe presumes that we’re the same as the Europeans. That’s not remotely true. While most Americans can claim a European…
For all of the quants and technical traders, nearly 87% of the S&P 500 stocks were above their moving averages on April 30, down from over 92% at the close of the previous week.…
Gene Munster of Piper Jaffray, a notorious Apple (NASDAQ: AAPL) bull, estimates 300,000 3G iPads were sold last weekend, its first on the market. This can be added to the one million WiFi-only iPads that have been…