Toyota Finds Forgiveness In China And Japan
Toyota (TM) found some measure of redemption in the US last month. Its sales rose 43% over March 2009. Its unit sales were nearly the same as those of GM and Ford (F) and…
All Work
Douglas A. McIntyre
Is Drilling Offshore Alaska Worth It?
President Obama’s proposal to lift the exploration and drilling ban along the US Outer Continental Shelf (OCS) could result in the recovery of billions of barrel of oil and trillions of cubic feet of…
Media Digest 4/2/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: US Census hiring will life payrolls. Reuters: The US will impose new airport security measures. Reuters: The head of China will visit the US and the issue of the yuan may be resolved.…
Tie For No.1 Among GM, F, And Toyota While Hyundai Falters
Hyundai has been the star of the domestic car industry for over a year, as it picked up market share with its slick new cars and relatively low prices. Its status was knocked down a…
The Oracle Of PIMCO: Healthcare Will Up Interest Rates, Greece Is Toast
Bill Gross, the most famous fixed income investor in the world, has grown progressively more pessimistic about the financial world’s prospects. In his monthly letter to investors, he spent most of his analysis on the…
ISM Improves But Spectre Of Inflation Looms
The March Manufacturing ISM report was better than expected, indicating that the economy is expanding whether job creation is occurring or not. The figures may support the theory that production in the US has improved so much…
The Smart Money Starts To Turn Against Greece
The euro zone’s IMF bailout of Greece has lost its power to attract the world’s capital markets to the debt of the southern European country. The markets, as represented by the spreads on Greek…
China and the ‘Artificially Cheap Yuan’ Myth
By John Tamny of Forbes It’s regularly said that the Chinese yuan is cheap, but since the yuan is defined in dollar terms, the Chinese currency is only cheap because the dollar is. As…
Today’s Best Market Rumors (4/1/2010)
Updated throughout the day. The SEC may publicize details of prosecution even if people settle with the agency (NYT) Borders (BGP) will repay a $43 million loan to Pershing Capital. (NYPost) The Apple (AAPL) iPhone…
More Crushing News On Jobs, Challenger Gray Numbers Spike
A day after the monthly ADP survey showed a private sector job loss of 23,000 compared to a predicted 40,000 gain, employment consulting firm, Challenger Gray, said employers cut 67,611 jobs last month. The…
The Twitter-24/7 Wall St. Stock Market Watch 4.1
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…
An American In Paris
It is a good thing for American banks that Berlin and Munich, Paris and Lyon, are not in the U.S. The French and Germans have decided to levy a bank tax. The purpose if…
US Crop Production High With No Buyers In Sight
The under-developing world needs food while the developed world is full. US crop yield reports sunk commodities prices as the U.S. Agriculture Department’s Prospective Plantings numbers showed that farmers are having a record year. The…
China’s On Fire As Factory Production Rises Again
The recession and unemployment across the world must have been cured. How else could China’s factories push out more and more products every month as concerns about its economy overheating grow? China’s purchasing managers’…
Experts Say iPad Could Break The Back Of AT&T Network
AT&T (T) has spent months building up its crippled wireless network which has been overloaded by data sent to and from Apple (AAPL) iPhones. The telco says it has finally cured most of the problems…
Hedge Fund Management Pay Moves Back Above $1 Billion Per Man
According to the annual pay survey done by AR: Absolute Return+Alpha magazine and reviewed by The New York Times, the top 25 hedge fund managers made $25.3 billion in 2009. David Tepper was at the…
Incentivitis Hits The Car Industry
Most economists would reason that as demand for a product rises so should a producer’s opportunity to raise or at least hold price steady. The auto and airline industries have ignored that rule for…
Media Digest 4/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Factories in China and India upped production last month. Reuters: Asian stocks hit and 11 month high. Reuters: General Growth filed a plan to exit bankruptcy. Reuters: Reviews praised the Apple (AAPL) iPad…
Retirement Comes Early For Seniors Hopped Up On Poligrip
From 24/7 Wall St. affiliate Heathcare Outsider The New York Times reports that last month, GlaxoSmithKline (the pharmaceutical company that can do nothing right) recalled a popular dental adhesive called Super Poligrip from the…
Winners And Losers In The Airline World
Bob Herbst of Airlinefinancials.com exclusive special to 24/7 Wall St. Winners are: #1. American (AMR) and #2. JetBlue (JBLU) Losers are: Delta (DAL) and US Airways (LCC) with notable mention to Continental (CAL)