Crude Calls on Global Imbalances
By Jonathan Anderson (Caixin Online) Clamor over emerging market surpluses and China’s exchange rate conveniently shucks off the hugely dominant effect of oil prices.
All Work
Douglas A. McIntyre
Why Is Obama Opening Up New Offshore Drilling?
By Max Fisher of The Atlantic Wire President Obama has unveiled a plan to expand the U.S. coastal areas available for offshore oil drilling. The plan may come as a surprise to environmentalist supporters…
The Twitter-24/7 Wall St. Stock Market Report 3.31
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…
Another Unemployment Disappointment, ADP Down
The consensus estimate among economists is that the BLS will say that the US added 140,000 net new jobs in March. That could bring the unemployment rate down by a tenth of a percent. Most…
Mobile Video Traffic Will Crush Cell Networks By 2012
Handset voice, video, and data traffic is growing so quickly that it will take up 100% of all wireless network capacity during peak times by 2012, according to Coda Research Consultancy. That is because a…
Rumor Watch: AIG Asia Unit Sale In Trouble
According to rumors published by The New York Post, the sale of AIG’s (AIG) Asia unit to Prudential UK is in trouble because investors in the UK firm object to the price and method…
Biotechs Crushed Now, Crushed Later By Legal Ruling.
It is hard to imagine a greater blow to the biotech industry. Federal District Judge Robert W. Sweet ruled that sections of patents held by Myriad Genetics which cover two breast cancer genes were…
Obama To Let Offshore Oil Wells Multiply Like Locusts
The Green movement will despise President Obama’s decision to open portions of the Gulf and offshore regions from Delaware to the Carolinas to drilling. The oil industry will love it. “To set America on…
The 24/7 Wall St. Twenty Best Financial Blogs
It has been more than a year since we published our feature, “The Twenty-Five Best Financial Blogs.” A great deal has changed since then. Some of the blogs on the list are gone or no longer…
Media Digest 3/21/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Peabody Energy made a bid for Australia’s Macarthur Coal. Reuters: Some Yahoo! (YHOO )email accounts were hacked in China and Taiwan. Reuters: Japan export orders hit a six-year high.
Ireland And Banks: The Road Less Traveled
Ireland decided to create the national “bad bank” after the credit crisis, a move the US government considered but rejected. The fate of that decision has come to haunt the small nation, but the…
Google And China: The Fog Of War
Google (GOOG) and perhaps China cannot figure out whether the search company’s results which are displayed on the mainland are being blocked by the government or due to defects with Google’s servers. One of…
Dell Tries To Buy Its Way Out Of Bad Sales
Dell has been losing ground in the PC market to arch-rival HP (HPQ). Asian manufacturers, especially Lenovo and Acer, are also picking up market share from the Texas-based company and Apple (AAPL) has had…
Once Again, Boeing Proves What Can Go Wrong, Will Go Wrong
It is amazing that Boeing CEO W. James McNerney Jr. can keep his job. After years of problems of the assembly, testing, and commercial launch of the company’s flagship 787 Dreamliner, the project has…
The Yuan Debate Inside China Intensifies
The debate about the floating exchange rate of the yuan is becoming as intense inside China as it is in the US. Two economists brought on to advise the central bank in the People’s Republic…
Greece Pays High Credit Card APR On Sovereign Debt
Greece did not have to pay the 21.5% annual interest rate that most Walmart (WMT) credit cards holders do. But, it was close. The southern European nation, which some economists would argue is near…
As The iPad Leaves The Building, A New iPhone Takes The Stage
Apple (AAPL) has finally perfected its ability to be on the front page of the news every day. Not long after it announced better-than-expected earnings for its last quarter, Steve Jobs demonstrated the company’s new…
The Ghost Of Lehman Bros.
The SEC Corporate Financial Division sent letters to the CFOs of twenty financial firms today reqiesting extremely detailed information about their use of Repo 105 instruments. Bankruptcy examiner Anton Valukas recently wrote as part of a 2,200-page…
A Hard Day For Las Vegas Sands
A bad day for Las Vegas Sands From Reuters. Douglas A. McIntyre
Today’s Best Market Rumors (3/29/2010)
Updated throughout the day. Morgan Stanley (MS) will underwrite the sale of the government’s piece of Citigroup (C) (CNBC) JP Morgan’s (JPM) One Equity Partners unit will take CKS private. (WSJ). The head of…