The Vicious Competition For Peak Oil
There has been a heated argument for the last several years about when the world will start to run out of oil. The rate of oil production, after more than a century of drilling,…
All Work
Douglas A. McIntyre
Media Digest 11/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: UAE shares fell on Dubai debt problem news. Reuters: The Treasury will meet with mortgage companies to try to get them to accelerate loan modifications. Reuters: Holiday shoppers did not use credit cards…
Asia Markets And Europe Open (11/30/2009)
Markets in Asia were sharply higher. The Nikkei rose 2.9% to 9,346. Mitsubishi UFJ (NYSE:MTU) fell. The Hang Seng rose 3.3% to 21,822. HSBC (NYSE:HBC) rose. The Shanghai Composite was up 3.2% to 3,195.…
Amazon (AMZN) And Apple (AAPL) Big Black Friday Online Winners
Most people would guess that Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) would do well this holiday season–better than their respective competitors. Thanksgiving e-commerce traffic is that the online sales site and consumer electronics paragon have…
24/7 Wall St. TV: American Consumers Spent $41.2 Billion On Black Friday Weekend!
The “official” numbers on Black Friday retail activity were mixed and the mixture did little to help analysts have a reasonable picture of what the rest of the holidays will bring. The data from the…
A Mediocre Start For Retail On Black Friday
The fears about 2009 holiday sales may be coming true. Early research shows that retail activity was flat and in some regions fell sharply. ShopperTrak reports that dollar sales for the first day of…
Bernanke Attacks Dodd And Paul Proposals To Weaken Fed
Fed Chairman Ben Bernanke has written an opinion piece for WashingtonPost.com attacking proposals being supported by Rep Ron Paul and Sen Chris Dodd to strip the Federal Reserve of most of its powers. He…
Dubai: Who Defaults Next?
The Wall Street Journal points out that the cost of insuring sovereign debt for countries including Bulgaria and Hungary moved up sharply after Dubai announced a “standstill” on paying many of its debt obligations.…
Weak Dollar: As Yen Passes 85, Japanese Exporters Tremble (SNE)(TM)
The Japanese government is getting nervous, by most accounts of the financial media. The yen as hit a level where Japan’s big exporters may post large earnings losses this year in the place of…
Media Digest 11/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Japan raised the idea that the G7 make a statement about the dollar. Reuters: Shoppers move into Black Friday with small budgets. Reuters: Dubai’s debt crisis raised the prospect of more trouble in the…
Asia Markets And Europe Open (11/27/2009): Undone By Dubai
Markets in Asia were sharply lower on concerns about Dubai debt. The Nikkei fell 3.2% to 9,082. Honda (NYSE:HMC) and Mitsubishi UFJ (NYSE:MTU) fell. The Hang Seng dropped 4.8% to 21,135. HSBC (NYSE:HBC) fell…
Dubai Default: Moral Hazard For Sovereign Debt
Dubai World, the de facto sovereign fund for the desert nation, has essentially defaulted on a large part of its debt. It has asked creditors for a “standstill” on paying back its $60 billion debt…
Former CEO Greenberg Bests AIG (AIG) Is Legal Battles
Maurice R. “Hank” Greenberg did not start AIG (AIG), but he might as well have. Greenberg took over as head of the insurance company in 1968, the only CEO other than its founder C.V.…
China Could Flood The World With Goods, Damage Global Economy
China’s stimulus package may work too well. The world’s most populous nation is still building many factories even though its exports remain low. Building the facilities creates jobs and offers the country the chance to be…
Media Digest 11/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Saab’s failure to be bought shows that Chinese companies are having trouble moving into Western markets through M&A. Reuters: AIG (NYSE:AIG) and former CEO Greenberg settled legal issues between them. Reuters: Dubai will…
Asia Market And Europe Open (11/27/22209)
Markets in Asia fell. The Nikkei was off .6% to 9,383. The Hang Seng fell 1.8% to 22,210. The Shanghai Composite was down 3.6% to 3,171. At the open in Europe, the FTSE fell…
Retail Gimmicks More Fine-Tuned for Black Friday (AAPL, AMZN, WMT, BBY, COST, TGT, KSS, M, JWN)
Black Friday is under 48 hours away. We have seen much data and much analysis out there on the topic, but there are two fairly easy conclusions here…. well, make it three. First is…
DOE Oil Inventory Heads the Right Way (OIH, DIG, USO, OIL)
The Department of Energy has just released this week’s oil inventories data. While there are gains almost on all counts, this may not be enough. The key ETFs that react to the news are the Oil…
Today’s Best Market Rumors (11/25/2009) (GE)(AAPL)
Updated throughout the day Calpers has launched an investigation of its own oversight practices (LA Times) Hedge fund assets may rebound to pre-crisis levels (Reuters) GE’s (NYSE:GE) stock price is about to take a run…
Garmin Navigation May Triumph Over Google at Christmas (GRMN, GOOG)
Garmin Ltd. (NASDAQ: GRMN) took it on the chin in recent weeks after Google Inc. (NASDAQ: GOOG) launched its personal navigation system as an app on its new smartphones for free. Despite the company’s…