Usually we think of Direxion in the world of triple-leverage and triple-inverse funds, but there are others. And now there are more… ProFunds Group is launching new Triple Leverage ETFs and Triple-Inverse ETFs. For…
Reverse discrimination is alive and well among large corporations which offer access to women’s businesses that results in a high volume of commerce for female-controlled firms. The Women’s Business Enterprise National Council “Top Corporations” program honors companies for “world-class…
Updated throughout the day. The Fed is in talks with money market funds to see if they will help to take $1 trillion out of the financial system (Bloomberg) Apple (AAPL) has set a…
The Labor Department has just released its data on weekly jobless claims and there was a drop of 43,000 to 440,000. Bloomberg consensus estimates from economists was listed as 467,000 jobless claims. Last week’s…
These are the top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls: Abercrombie & Fitch (NYSE: ANF) Raised to Outperform Oppenheimer. Baidu Inc. (NASDAQ: BIDU) Raised to Neutral…
By John Tamny of Forbes Last week Congress approved an increase of the U.S. debt ceiling to $14.3 trillion. Once the figure was announced, a lot of understandable hand-wringing ensued, including the suggestion that…
In the land of telecom and communications equipment and services, perhaps Alcatel-Lucent (NYSE: ALU) is only the second worst company of the last decade of the old one-stop leaders. At least it has Nortel…
The government is slowly winding down its added liquidity additions via mortgage and securities purchases from banks and lenders. Sort of. Ben Bernanke’s outline of how to exit the end of free money and…
Foreclosures in the US reached 315,716 in January. The number was down 10% from December but up 15% from January 2009. The figures were released by RealtyTrac. The research firm expects another sharp increase in foreclosures…
UK prime minister Gordon Brown expects the G20 to approve a global bank tax at its June meeting, according to the FT. “Mr. Brown believes that opinion has shifted decisively in favour of a globally co-ordinated tax…
Wal-Mart (NYSE:WMT) and P&G (NYSE:PG) are fed up with the violence and sexual content in television programs. The Wall Street Journal reports that they have joined forces to create a two-hour TV special that will…
A new report from the Congressional Oversight Panel which tracks the progress of the TARP program projects that commercial real estate losses threaten nearly 3,000 mid-sized and small banks and may severely compromise their…
Apple (AAPL) can build its low-end iPad for as little as $239 ,according to industry research operation iSuppli. The most expensive version of the tablet, the 64GB product with 3G, costs $346 to build. The numbers…
“Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting progress in the arts and the sciences and a flourishing socialist culture in our land.” Mao Zedong,…
Reuters: The EU summit will address the Greek bailout. Reuters: Google (NASDAQ:GOOG) will test an ultra-high speed broadband system. Reuters: Sweden took that top spot from the US for use of telecom technology. Reuters: …
Markets in Asia rose modestly. The Hang Seng rose 1.9% to 20,291. The Shanghai Composite was up .1% to 2,986. At the open in Europe, the FTSE was up .6% to 5,165. Rio Tinto…
Motorola (MOT) has not had a real strategy or good explanation of what it is for years. The company got into the handset market very early in the history of the industry, in 1991. It…
Short interest in major banks rose sharply for the period that ended on January 31. Share short in Citigroup (NYSE:C) were up 11% to 439 million. The short interest in Bank of America (NYSE:BAC)…
Berkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A) has already seen its ratings cut last week by Standard & Poor’s over the added leverage of the Burlington Northern Santa Fe (NYSE: BNI) acquisition. Now we…
Google (GOOG) plans to launch an experiment to test a super-high-speed broadband network, the company said. “We’ll deliver Internet speeds more than 100 times faster than what most Americans have access to today with…