While everyone is stuck talking about the one year anniversary of the Lehman implosion and the real start of the next-to-last big leg down in the financial sector, there is a significant development taking place…
The weekly data on oil inventories from the Department of Energy is out and we are seeing another bullish yet mixed bag here in the numbers for oil prices. We are also watching the…
CNBC’s Becky Quick interviewed Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) at a very unusual venue this morning…. Fortune’s Most Powerful Womenconference. The mainstay part of the discussion was the ‘one-year later after” that…
These are this Wednesday morning’s top pre-market day trader alert and active trader alert stocks moving on unusual trading volume. We have a link through to more color and analysis on price and volume…
Someone forgot to tell employers that the recession is over. The OECD reports that unemployment among developed nations has reached a post-WWII high. In its latest employment outlook the agency said that the unemployment…
These are this Wednesday morning’s top analyst upgrades and positive research calls that we have seen from Wall Street: Aetna (AET) Raised to Neutral at Goldman Sachs. Amazon.com (AMZN) Raised to Buy at BofA…
These are this Wednesday’s top pre-market analyst downgrades and cautious research calls we have seen from Wall Street firms: Adobe Systems (ADBE) Cut to Hold at Jefferies. Barrick Gold (ABX) Started as Reduce at…
Whether people blame President Obama for growing deficits or not, his job approval rating is holding its own. A new Bloomberg poll of 1,004 adults conducted between September 10 and September 14 shows Obama…
Facebook bragged that it has hit 300 million users. The firm’s CEO said, “It’s a large number, but the way we think about this is that we’re just getting started on our goal of…
The global airline industry, still staggering from huge losses and bankruptcies late last year caused by oil prices that moved over $140 a barrel, is not doing much better in 2009. Low passenger traffic…
Professor Bernanke made it official by saying the recession is almost certainly over. He has to be conservative when he speaks because he does not want his comments as Chairman of the Federal Reserve…
Reuters: Obama’s move on trade with China makes good on a promise to labor. Reuters: Uninsured Americans hope healthcare reform will bring them coverage. Reuters: Adobe (ADBE) will buy Omniture for $1.8 billion. Reuters: …
Markets in Asia were mixed. The Nikkei rose .5% to 10,271. The Hang Seng was up 1.8% to 21,231. The Shanghai Compsite fell 1.1% to 3,000 At the open in Europe, the FTSE was…
Lehman Bros. has misplaced $8.2 billion and believes that Barclays (BCS) may have made off with it. Barclays bought some of Lehman’s assets after the investment house filed Chapter 11.
It costs money to subscribe to the print edition of The Wall Street Journal. The price is $2.29 a week to be exact. The newspaper also charges for its $1.99 a week for its online edition.…
Blockbuster Inc. (NYSE: BBI) is dying if you read today’s headlines. Word from most media outlets today is that Blockbuster may close some 960 stores. Ouch. That sounds as though there will be no…
Dick Bove of Rochdale Securities does not care about John Mack leaving Morgan Stanley (NYSE: MS). In fact. you might think he’s even glad to see some new blood managing the company. Bove called…
What happens when market rallies go on and on? Outside of the basics, you just about always get a flurry of corporations and public entities selling shares as secondary offerings flood the market. Between…
KAR Holdings, Inc. is going to sound like a bit of a strange initial public offering if you have gotten used to the dismal US auto industry. The company has filed for an IPO…
Federal District Judge Jed S. Rakoff was supposed to a approve a $33 million settlement between the SEC and Bank of America (BAC) over the issue of the financial firm making inaccurate statements regarding…