John Tamny of Forbes Seeking to provide clarity as to the true meaning of inflation, the late Nobel Laureate Milton Friedman helpfully described it as “always and everywhere a monetary phenomenon.” At first glance…
These are this Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Ciena Corp. (NASDAQ: CIEN) Started as Buy at Auriga. DryShips (NASDAQ: DRYS) Raised to Buy at Cantor Fitzgerald.…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
Credit Expedition 22 Flight Engineer T.J. Creamer on his way to the International Space Station. AppScout reports that his first tweet was “Hello Twitterverse!”, which may have been less profound that Neil Armstong’s “That’s one small step for…
By Douglas A. McIntyre “Avatar” was only $50 shy of passing “Titanic” as the largest global box office film in history — just short of the ship disaster’s $1.843 billion mark. The numbers represent…
It is cause for worry when the world’s largest retailer cuts 11,200 people right after a rough holiday sales season. Wal-Mart will fire that many people at its Sam’s Club division. The warehouse club…
The debt ceiling, which is at $12.4 trillion, is near its limits and the Senate will consider whether to add $1.9 trillion to the cap. Dow Jones estimates that the increase will only be…
Layoffs in unrelated industries, even when close together in time, are just that—unrelated. That is until they begin to grow rapidly in number. Three of America’s largest firm announced firings or signaled them during…
Reuters: China continued to defend its internet policies. Reuters: The SEC is considering whether data on AIG (NYSE:AIG) should have national security status. Reuters: Ferrero will not bid against Kraft (NYSE:KFT) for Cadbury (NYSE:CBY)
Markets in Asia were down modestly The Nikkei fell .7% to 10,513. Toyota (NYSE:TM) was down. The Hang Send dropped .8% to 20,587. The Shanghai Composite was down 1.1% to 3094. At the open…
Some members of the Senate have turned against the nomination of Ben Bernanke as the chairman of The Federal Reserve. They feel that he may be to0 closely associated with the actions of the central bank…
Notorious banking analyst Meredith Whitney turned out to be right in her recent calls against being long the major banks and brokerage firms, although for the wrong reasons ahead of the latest sell-off that…
The rig counts are still heading in the right direction for stable oil and a steady flow of oil and gas supplies according to the Baker Hughes Inc. (NYSE: BHI) weekly rig counting data. …
SIRIUS XM Radio (NASDAQ: SIRI) has been a key trading focus of late, mostly with positive metrics. The company has now posted positive cash flow for the entire year of 2009 and it showed…
Barney Frank may have caused a recovery of some banking losses in trading yesterday by saying he’d be against any bank-trading abolition that would be immediate and/or financially disruptive to an economy that is…
Updated throughout the day. Conan O’Brien could end up on Comedy Central (Reuters) Howard Stern of Sirius XM (NASDAQ:SIRI) is getting offers from traditional radio networks (Barron’s) Obama’s plans for banks show that Geithner…
Advanced Micro Devices Inc. (NYSE: AMD) is taking a breather this morning after last night’s earnings. At 9:26 AM EST we had shares trading down 5.9% at $8.46 on about 915,000 shares; right after…
Today could be called IPO Friday. We have four confirmed priced deals, and likely a fifth. The IPO’s involve Berkshire Hathaway Inc. (NYSE: BRK-B) for its Symetra Financial (NYSE: SYA), followed by Cellu Tissue…
These are this morning’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Apache Corp. (NYSE: APA) Started as Sector Underperform at Scotia. JPMorgan Chase & Co. (NYSE: JPM) Raised to…
GE (NYSE:GE) did better than most Wall St. analysts believed it would. Fourth-quarter revenue fell 10% to $41.4 billion. Fourth-quarter earnings from continuing operations attributable to GE were $3.0 billion, down 22% from $3.9…