The White House is about to present its budget to Congress for the 2010 fiscal that will cause a $1.6 trillion deficit and $3.8 trillion in spending. That would be an all-time record and $200…
Most economists have warned that the budget deficit could cause a need for ongoing huge borrowing by the Treasury and the need for higher taxes to stanch the red ink. Neither alternative is particularly…
It might appear that the only two companies in the race for first place in the global smart phone industry are Apple (NASDAQ:AAPL) and RIM (NASDAQ:RIMM). That is not even close to being the…
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…
Reuters: Obama is looking for ways to cut the deficit. Reuters: Citigroup (NYSE:C) may sell its private equity group. Reuters: Toyota (NYSE:TM) will announce the fix for its gas pedals. Reuters: China and India…
Markets in Asia were mixed. The Nikkei rose .1% to 10,205. Toyota (NYSE:TM) and Honda (HYSE:HMC) fell on recall news. The Hang Seng rose .4% to 20,193. The Shanghai Composite dropped 1.6% to 2,941. At…
The National Association of College and University Business Officers released its analysis of the financial performances of the endowments at 842 institutions which have a combined $306 billion in assets. The report compared figures for…
The Office of The Special Inspector General for The Troubled Asset Relief Program said in a quarterly report that the program may have saved the banking system but that it has so far failed to…
Eric Schmidt, CEO of Google (NASDAQ:GOOG) used to serve on the Apple board of directors. He left, presumably, because of a growth in competition between the two companies. That competition has gotten more intense…
The last US auto company IPO was in 1956 when the Ford (NYSE:F) family decided to sell part of its company to the public while maintaining voting control though a special class of shares. Luxury…
Friday marked month-end for January in the financial markets. There have been many efforts out there to discuss the market’s direction, but perhaps the one issue that traders will be using to judge 2010…
Nuveen Investments has made an unusual filing that under normal circumstances might not matter. But we live in a near-zero rate world now where investors are looking for more interesting ways to earn in…
Tesla Motors, Inc. has finally filed for an initial public offering. The maker of the electric roadster and electric sedan filed to sell up to $100 million in common stock in an IPO after…
American International Group Inc. (NYSE: AIG) has released more information on many of the troubled Maiden Lane III derivatives transactions. These are those contracts that helped to knock the company down from a financial…
Quarterly results at Amazon.com Inc. (NASDAQ: AMZN) beat even the company’s own high estimates for revenue and profits. A lot of that was due to the success of the company’s Kindle e-reader and to…
The rig counts are still mostly heading in the right direction, at least they are if you want to see a robust oil sector along with some oil price stability. Baker Hughes Inc. (NYSE:…
WisdomTree (Pink Sheets: WSDT) has become fairly well-known in the world of exchange traded funds. But today is a sad day for ETF traders, and is just further evidence that there are some solid…
First it was Iceland, then came the PIIGS… This is of course the acronym for Portugal, Italy, Ireland, Greece and Spain…. although this is really an issue of PIGS front and center without considering…
Updated throughout the day. Germany and France are putting together a rescue package for Greece (various) Obama may seek $55 billion to develop nuclear plants (Bloomberg) Toyota (NYSE:TM) has discovered a fix for its…
It has to sound like the recovery of the century when you hear that the first look at fourth quarter Gross Domestic Product rose to +5.7%. Dow Jones had estimates of 4.8%, while we…