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…
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 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…
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…
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’…
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…
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…
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…
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…
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…
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)
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.
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…
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…
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…
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…
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…
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…
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…
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…