Is GM Turning Itself Around?
By John Hudson of The Atlantic Wire Things are finally looking up for GM. On top of news that Americans again believe the U.S. makes better cars than Asian companies, the automaker announced it…
All Work
Douglas A. McIntyre
Today’s Best Market Rumors (4/22/2010)
Updated throughout the day. Bernie Madoff’s famous lipstick building in NY may have to be sold (NYPost) Obama will beat up on Wall St. in a speech in NY (various) Goldman Sachs Group (NYSE: GS)…
The Twitter-24/7 Wall St. Market Report: 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…
Fed Makes Huge Profit
In a year in which many financial institutions gasped for air, the Federal Reserve transferred $47.3 billion to the Treasury – its “profit” in a sense. The Fed’s comprehensive income, the difference between its…
Nokia Earnings: Margins Under Pressure
Nokia’s (NYSE: NOK) margins must be under pressure. In its latest earnings report its said that its forecast the global handset market was intact. It also said it market share would rise to 33% from…
Bad Books Cook Greece (Update 2)
The head of the International Monetary Fund said Thursday that the debt crisis in Greece is serious and there would be no “silver bullet” to resolve the issue in an easy manner. (Updated from…
Kindle: Hostage To Its Own Fame
Amazon (NASAQ: AMZN) announced that it would begin to sell its Kindle digital book reader in some Target (NYSE: TGT) stores. The news was viewed as a big “win” for Amazon, which has been besieged…
Airlines Fly From Ash To Oil Storms (Update)
US Airways breaks off merger talks with UAL Corp. (Updated from MarketWatch at 10.50 AM EST) The IATA, the airline industry’s trade association which has over 220 members, reported that carriers lost $1.7 billion…
The Online Video Streaming Business Gets Too Crowded
There are too many companies in the business of streaming or downloading premium video over the internet. Sony (NYSE: SNE) announced that it will begin to stream major league baseball games into markets outside those…
Media Digest (4/22/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The head of GM says taxpayers may get their entire investment back. Reuters: Obama will urge tougher rules on Wall St. Reuters: The CEO of Goldman Sachs Group (NYSE: GS) attacked the SEC…
The Goldman Sachs Share Price And The Wisdom Of Crowds
There has not been any collapse of the prospects of Goldman Sachs Group (NYSE: GS), at least as far as traders are concerned. At $158.85, the stock trades well above its lows last February…
Netflix, Starbucks And The Resurrection Of The Middle Class
Starbucks (NASDAQ: SBUX) climbed another rung on the ladder of its recovery. The run of ever-spectacular results at Netflix (NASDAQ: NFLX) continues.The results of the two companies met at the crossroads of the new optimism of…
Chinese Demand for Oil Keeps Growing
For the seventh consecutive month, Chinese demand for crude oil has increased by double digits over demand just one year ago. Demand in March grew by 12.8% year-over-year. The demand increase has been driven…
IMF World Economic Outlook: Cloudy With A Chance Of Rain
The International Monetary Fund is out with its latest World Economic Outlook. The document goes to great lengths to contradict itself, leaving the reader to wonder if the global financial situation is getting better…
Ag Machinery & Construction Equipment On The Rebound (CAT, DE, CNH)
Recent earnings reports from machinery makers Caterpillar Inc. (NYSE:CAT) and Deere & Co. (NYSE:DE) have been weak, but getting better. Caterpillar reported fourth-quarter and full-year 2009 earnings in January and Deere reported first quarter…
The New Bloomberg.com: Another Fast Horse In Financial Site Race
Bloomberg LP has the sales and news service to field one of the best financial websites in the country. Analysts estimate that the site’s parent had revenue of $6.25 billion in 2009 and that…
Chrysler: Losing Money Is Never Good News
The pig was out at Chrysler and so was the red lipstick. The floundering US car company presented the case that its $197 million loss in the first quarter was perfectly fine.The firm also…
Today’s Best Market Rumors (4/21/2010) SEC’s New Goldman Problem
Updated throughout the day. The government has testimony from a Paulson & Co. official that could contradict its own claims against Goldman Sachs. (CNBC) Google (NASDAQ: GOOG) will buy ITA Software for $1 billion…
McDonald’s: Cheap Eats Win Again
The appeal of McDonald’s (NYSE: MCD) cheap, quality food can never be underestimated even as the economy emerges for a recession that drives people to inexpensive restaurants. Revenue at the fast food company rose 10%…
AT&T Results Turn Sour: IPTV and Wireless Fade
AT&T (NYSE: T) is running out of new wireless customers to convert. It added only 1.9 million wireless subscribers in the last quarter to push its total to 87 million. The explosive growth in Apple,…