The Recession America Needed
“It is probably well that we had the war when we did. We are better off now than we would have been without it, and have made more rapid progress than we otherwise should…
All Work
Douglas A. McIntyre
Housing Take: Rising Prices in Pending Home Sales
The reading for pending home sales in June is showing a continued return to of housing, or at least that the worst is over. The June figures came to +3.6%, marking the fifth consecutive…
At Goldman, Matt Taibbi Fires and Misses
By John Tamny of RealClearMarkets In a piece written to shed light on the allegedly evil doings of Goldman Sachs, Rolling Stone contributing editor Matt Taibbi unwittingly let readers in on why the majority…
Suddenly All Is Well In Bottling Mergers (PEP, PBG, PAS, COKE, CCE, KOF, CCH, KO)
This morning we caught the news on a volume alert, but there was no confirmation of the news. Now, we have the formal release from PepsiCo (NYSE: PEP). Pepsi has capitulated and decided to…
24/7 Wall St. TV: Google CEO Leaves Apple Board As Tech Wars Rage
Eric Schmidt, the CEO of Google (GOOG), resigned from the Apple (AAPL) board of directors. Apple says it was because of increasing conflicts between the two company’s products. There has been an uneasy detente…
Top Day Trader Alerts (HGSI, CTSH, STEC, PBG, PEP)
It is actually slow in pre-market trading today. These are today’s top volume alert stocks for day traders and active traders. More detailed volume and price analysis and data is available on links through…
Personal Income & Spending Heading the Wrong Way
The Commerce Department has just released its data on Personal Income and Spending for the month of June. Income came in at -1.3%, and Dow Jones had estimates at -1.2% as the consensus. We’d…
Top 10 Analyst Upgrades and Downgrades (ABX, BGFV, DLR, DISH, HOLX, HGSI, MYGN, PMC, SVNT, TLB)
These are ten of the top pre-market early analyst upgrades, downgrades, and initiations we have seen from Wall Street early this Tuesday morning: Barrick Gold (ABX) Cut to Sector Perform at CIBC. Big 5…
China’s Consumer Spending Will Be Hurt By Unemployment
The Chinese central government has made it clear that a key to the nation’s economic recovery is strong consumer spending. The $585 billion stimulus package that has been in effect since early in the…
Post Office May Close 700 Locations
The writing has been on the wall for years. The Postal Service is slowly going out of business. The fax was the first piece of technology that cut into the need to mail letters…
Toyota (TM): Another Sign Car Industry Is Recovering?
Toyota (TM) posted an $816 million loss in its last quarter, but lifted its forecasts. It will up production for its fiscal year which ends in March to 6.6 million vehicles from 6.5 million. It is…
Media Digest 8/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: A plan for universal healthcare in China could cut the savings rate. Reuters: Bank regulators are opposing the Obama shake-up of the system. Reuters: Bank of America (BAC) settled SEC charges over Merrill…
Asia Markets And Europe Open 8/4/2009
Markets in Asia were mixed. The Nikkei rose .2% to 10,375. Toyota (TM) reported better than expected earnings. The Hang Seng fell .1% to 20,792. HSBC (HBC) rose on good numbers. The Shanghai Composite…
Warren Buffett’s Berkshire Hathaway (BRK-A) Hits $100,000
The stock price of Berkshire Hathaway (BRK-A) hit $100,000 today, up from a 52-week low of $70,000, but still well off its period high of $147,000. Berkshire’s chief Warren Buffett has made a number…
Apple (AAPL) Using Confidentiality Agreements To Keep iPod Problems Secret
There is no end to the lengths to which Apple will go to keep overheating problems with its iPod under wraps. The Times reports that“Apple attempted to silence a father and daughter with a…
GM: Firing 7,500 More Taxpayers To Save Taxpayer Money
GM’s July sales fell 19%, more than any of the other major car companies, to 188,156. The number is down so much that without the Pontiac and Saturn brands that it plans to phase…
How Much Cash Does Green Mountain Really Need? (GMCR)
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) today filed an automatic shelf registration statement with the SEC. It also filed to sell 4 million shares of common stock as a result. This existing shelf…
24/7 Wall St. TV: The Ford Miracle Rolls On
William Clay Ford, Jr., the company’s CEO since 2001, went outside the industry and he and Ford’s board brought in Boeing executive Alan Mulally to replace him in September 2006. Mulally, in turn, bet…
GM Losing Significant Ground To Ford (F)
Ford’s (F) July sales rose 2.3% to to 165,279. SUV sales were weak, off 36%, so cars and crossovers had to make up for that. GM’s sales moved sharply in another direction. They fell…
Bank Of America (BAC): A Very Small Fine For A Very Big Mistake
Bank of America (BAC) got off with a $33 million fine “to settle charges that it made false and misleading statements” about bonuses paid to Merrill Lynch employees. The case what brought by the…