Two years ago, GPS products cost more than $1,000. Car companies charged as much as $2,500 for the systems. Tom Tom and Garmin (GRMN) stocks hit remarkably high levels on demand for GPS devices…
Some experts on the Japanese economy, the world’s second largest, compared the current recession to the nation’s “lost decade” of the 1990s when real estate and stock market prices plunged and the country went…
More and more economists talk about a “V”-shaped recovery. The recession has been so bad, their theory goes, that there is now pent-up demand for goods and services. New data from the government show…
Volkswagen Aktiengesellschaft, the company known to most Americans as VW, wants to become the world’s largest car company within a decade. VW has almost no chance of realizing that aspiration because it did not…
Reuters: China Investment Corp will put $2 billion into US mortgages. Reuters: The US pay czar says be can “claw back” executive compensation. Reuters: Japan is pulling out of its recession. Reuters: China will…
Markets in Asia were sharply lower. The Nikkei fell 3.1% to 10,289. The Hang Seng was down 3.5% to 20,169. PetroChina (PTR) was down 4%. The Shanghai Composite was off 5.8% to 2,871. At…
Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has released its public stock holdings for Q2-2009 as of June 30, 2009. Buffett did make some portfolio changes that have been seen here from the end of Q1…
Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has released its Q2-2009 public equity holdings as of June 30, 2009. There are some portfolio changes that have been seen here from the end of Q1 and we…
Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has shown its Q2-2009 holdings as of June 30, 2009. There are some portfolio changes that have been seen here from the end of Q1 and we have broken…
Baker Hughes Inc. (NYSE: BHI) has released its weekly rig counts for the U.S., Canada, and international. While oil continues to stay high, the rig count picture is a mixed. The U.S. Rig Count…
Berkshire Hathaway Inc.(NYE: BRK-A) (BRK-B) had its earnings and quarterly report last Friday, but the aftermath this week has shown more derivative criticism. But more importantly, issues over SEC correspondence have been gathering some…
“Do not go gentle into that good night.” –Dylan Thomas The recession, which was supposed to be ending, is hanging on for dear life if some of the economic data out this week are any…
Citigroup, Inc. (NYSE: C) is trading higher this morning on an analyst upgrade. This would probably be a much more important call had financials not run so much. Bank of America Merrill Lynch raised…
This morning’s data from the Labor Department on the Consumer Price Index was released for July, and the inflation hawks out there are going to have to keep saying “It’s coming” rather than “See,…
These are the ten top analyst upgrades,downgrades, and initiations we have seen early this Friday morning with roughly two hours until the market opens: Amgen (AMGN) Cut to Hold at Citigroup. Avery Dennison (AVY)…
Airline analysts are worried that some US carriers will have to make huge cost cuts or face Chapter 11 filings later this year. The rising cost of jet fuel and precipitous dive in passenger…
The housing market is recovering and then it isn’t. New data from Trulia says that Americans cut the prices on their homes by an aggregate of $27.8 billion in the year ending August 1.…
Just when it looked like consumer spending might pick up, one of the hottest retail sectors, at least a year ago, video games, fell apart. In July, the industry had a 29% drop in…
It was a bad sign when T Boone Pickens gave up, at least partially, on building a mammoth wind farm in Texas. The process was not only going to be expensive; the ability to…
Two pieces of information came into the market today, both about the trouble housing situation. The foreclosure filings and the interest rates on 30-year fixed rate mortgages affect the housing market in different but…