JPMorgan Chase (NYSE:JPM) announced earnings that beat expectations and in the process said that its investment banking business was critical to its improved numbers. The big bank earned $3.3 billion and had EPS of $.74…
Less than two years ago Research in Motion (NASDAQ: RIMM) was a $150 stock. Recently, however, pressure from new smartphones, particularly the Apple Inc. (NASDAQ: AAPL) iPhone, taken together with the general market sell-off…
Apple, Inc (NASDAQ: AAPL) has done too good a job marketing its iPad in the US. Or, it underestimated the number of units it would need to start to sell the product overseas. It is…
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
It could be the continued drop in home prices or the fear that the economy will not recover. It would be that the end of federal government tax credits for home buyers are ending…
JPMorgan Chase & Co. (NYSE: JPM) said its earnings in the last quarter rose 57% to $3.3 billion. The earnings period ended in March. The number topped Wall St. estimates. They also showed how important…
Regulators in the US and Europe are still sifting through a variety of programs that would create a tariff on large banks to create a pool of money that could be used if one of…
Apple Inc’s (NASDAQ: AAPL) new Macbook Pro can cost as much as $2,299 with a 17 inch monitor. That is not with additions that can push the price to more than $3,000. The computer uses…
Several groups have sued the The U.S. Census Bureau for discriminating as it hires workers for the 2010 survey. According to The Wall Street Journal, “In the suit, job applicants claimed the Census Bureau…
Greece will have to raise 12 billion euros in the next two months to relieve its sovereign debt obligations and cover deficits. That is a relatively small part of the 54 billion euros it will need…
The Congressional Oversight Panel that keeps track of the TARP has a message for the Administration: The home loan modification program is moving so slowly that it cannot come close to matching the rate at which…
Reuters: Daimler kept its earnings and dividend outlook for 2010. Reuters: American International Group (NYSE: AIG) raised $2 billion thought an aircraft sale. Reuters: Intel Corporation (NASDAQ: INTC) results lifted markets in Asia. Reuters: …
Ambac Financial Group, Inc. (NYSE: ABK), the troubled muni bond insurance and financial guaranty company, was up to $3.39 earlier after opening at $2.95 this morning and after closing at $2.25 on Monday. At about…
Famous economist Nouriel Roubini has so many opinions on the future of the financial world that he is almost always right 50% of the time. He now says the Fed will keep rates at…
Companies that functioned primarily as natural gas producers have looked elsewhere for profits as the price of natural gas sticks around $4/thousand cubic feet. The development of tight shale plays, which yield very high…
Hulu, the premium video site owned by NBC Universal, News Corp., The Walt Disney Company, and Providence Equity Partners, began to make impressive strides as it passed the number of videos viewed at Microsoft,…
It may only be a matter of time before Ernst & Young gets in trouble in its role as auditor regarding the disintegration of Lehman Bros. The New York Times reported today that “In…
Updated throughout the day. New Hope, which is trying to buy Macauthur Coal, has begun to talk to the target’s large shareholders. (Reuters) OPEC might hike production if prices for crude hit $90 to…
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
By John Tamny of Forbes Fed Chairman Bernanke continues to give speeches suggesting government bailouts saved the economy, as though the U.S. economy is some kind of living, breathing, entity. But since it’s nothing…