IEA Say Global Oil Demand To Hit Record In 2010
Another major piece of news that should drive crude has come out. The IEA has revised its figure for global oil demand upward. Global oil demand will hit a record high this year, the International…
All Work
Douglas A. McIntyre
Big US Banks Recoil Against Plan To Revalue Mortgages
JPMorgan (JPM) and other big US banks have started a campaign against the Administration’s proposed program for them to cut the amount of the principles on the mortgages of millions of people. The White House…
China May Not Accomodate US On Yuan Value
A series of events in recent days is making it more unlikely that China will allow any revaluation of the yuan and increase the chance that the US will label it a “currency manipulator.…
The White House Says Deficit Has Peaked, And May Be Wrong
The White House believes that the deficit has peaked and that the shortfall for the first half of 2010 will be much less than expected. The Administration bases this on an analysis of higher tax…
Short Interest Shows Gamble Against Tech
Many tech stocks have doubled or tripled from the March market lows. Short sellers are in many cases willing to bet that ride is not over. The short interest in Micron (MU) rose 75…
Twitter To Sell Ads
Twitter will start to sell ads on its 75 million member micro-blogging system, a move likely to anger some who worry about privacy and behavioral targeting of marketing messages. Members may even attack the…
America’s Most Successful Second Place Companies
“Never look over your shoulder. Something might be gaining on you.”–Satchel Page Jack Welsh once said that GE would sell any division of the conglomerate that was not No.1 or No.2 in its industry.…
Media Digest (4/13/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Chinese president told Obama that the nation will make its own decision on the yuan. Reuters: Growth and cheap phones were key to Q1 industry growth. Reuters: Twitter will start to sell…
Summer 2010: Big Hurricanes, High Oil Prices
In 2009, there were just three Atlantic storms that earned the hurricane monikers — Bill, Fred, and Ida. None of these storms made landfall in the US as hurricanes. The predictions from Colorado State…
Federal Debt Now $12.7 Billion, Nearing Statutory Limit
The Treasury Department released the statement of public debt as of March 31. According to the release, the national debt stood at $12.7 trillion. The statutory limit for public debt is set at $14.3…
Microsoft Launches KIN Smartphone, Stock Up $.01
Microsoft (MSFT) launched its new KIN handsets today. The description in the press release made it almost impossible to understand how the smartphone works and what its market might be. One thing that Redmond…
Greece: Saved at the Last Minute
By Heather Horn, The Atlantic Wire Over the weekend, Europe offered a special deal to debt-ridden Greece: loans of up to $40 billion (or 30 billion euros) at a mere 5 percent interest rate.…
Today Best Market Rumors
Updated throughout the day. Palm (PALM) is seeking buyers and has retained two investment banks (Bloomberg) AIG (AIG) and Goldman Sachs (GS) ended most of their related CDS positions (Reuters) Apollo is looking at a purchase…
The Twitter-24/7 Wall St. Stock Market Daily 4.12
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…
Jobs Aren’t Finite, but Job-Creating Investment Is
By John Tamny, Forbes A liberal economist and a conservative economist have teamed up on the latest bad idea for reducing unemployment. In this case, successful companies would subsidize tax cuts for less successful…
Tiger Woods Pushes Up Masters Ratings Nearly 50%
It appears that ESPN and CBS (CBS) will get their wishes for the Masters. Tiger Woods’ return to golf resulted in a 47% increase in TV ratings for the tournament’s first round. Viewership hit 4.94…
IRS Lets Mega Corporations Off The Tax Hook
Uncle Sam is doing fewer and fewer tax audits of huge corporations. These companies are, in theory, the firms that should pay enough to the IRS to help make a dent in the budget deficit.…
Leno Is Watched By Old People
The people who watch The Tonight Show with Jay Leno are old. The viewers of the program have an average age of 56, which is about 10 years older than they were when Conan O’Brien. That…
24/7 Wall St.’s Corporate Power Rankings Week 14: Goldman Sachs Bye Week
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…
Media Digest (4/12/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The costs of the US bailout of the financial industry was $89 billion. Reuters: Goldman Sachs (GS) and AIG (AIG) are unwinding their CDS positions. Reuters: The euro surged on news of Greek…