Video games are perfect entertainment during a recession. Game consoles such as the Nintendo Wii, Microsoft (MSFT) Xbox, and Sony (SNE) Playstation, only cost a few hundred dollars. The games that work on them…
Celebrities cannot be misquoted. They have been in the public spotlight for too long. Anything that they say is just a thin epidermis on top of the thick layer of their work and personalities.…
Google (GOOG) is supposed to be one of the “best” companies in the world. It makes “most admired” lists and lists of “most valuable” brands. Google had one of the largest market caps of…
Reuters: CIT (CIT) is rushing to get financing before its goes bankrupt. Reuters: Bank earnings are boosting recovery hopes. Reuters: IBM (IBM) hiked its full-year outlook. Reuters: Google’s (GOOG) quarterly results were mediocre. Reuters: …
Markets in Asia were modestly higher. The Nikkei rose .6% to 9,355. Toyota (TM) moved up slightly. The Hang Send rose .7% to 18,681. HSBC (HBC) was up sharply. The Shanghai Composite rose .2%…
SIRIUS XM Radio (NASDAQ: SIRI) has announced the receipt of an official notification from NASDAQ that it is outside of NASDAQ compliance rules. This is not over its low price, this one is over…
IBM’s (IBM) quarterly figures for the second period of the year not only beat analysts’ estimates; they beat whisper figures which were much higher. IBM reported EPS of $2.32 up 18%. Wall St. had…
Google Inc. (NASDAQ: GOOG) is out with earnings. The king of search has posted $5.36 non-GAAP EPS and $4.07 billion in ex-TAC revenues. Thomson Reuters had estimates pegged at $5.09 EPS and $4.06 billion…
Nouriel Roubini, the notorious bear who called for all this mess we have seen, is finally throwing in the towel on being so bearish and looking more like a soft-bull. Maybe only a bit,…
Obama’s health care received perhaps its harshest criticism to-date Thursday, after the nonpartisan Congressional Budget Office said it will “significantly” expand public spending in an already unbalanced budget. The testimony puts serious doubt in…
We are seeing some positive reactions this afternoon in some of the solar stocks on an individual basis, despite energy prices not offering much of an added boost to the sector. Canadian Solar Inc.…
The mortgage industry is pointing fingers at the Obama administration Thursday for falsely raising expectations of how the banks can help consumers avoid foreclosure. What they cannot or will not say is that a…
It looks like the NAHB survey of homebuilders are again feeling a bit “less-bad” than in recent surveys. The survey for July shows a reading of 17, up from 15 in June. The boost…
CIT Group, Inc. (NYSE: CIT) is trading no different than a warrant or way out of the money call option at this point. In short, any trading other than a forced sale here is…
Sources at a major client of investment house ThinkEquity say that the firm considers a Microsoft (MSFT) link-up with Yahoo! (YHOO) in the search business to be “imminent”. The comments were made by analyst…
This morning’s earnings call from J.P. Morgan Chase & Co. (NYSE: JPM) echoes some of our concern of what is coming in the next wave of real estate problems which could cause the next…
If you can imagine it, Motorola (NYSE: MOT) has actually performed well off its lows. But it has also performed well enough that Goldman Sachs is downgrading the troubled handset maker. The $7.00 price…
The weekly jobless claims data is out and we have a second week of coming below that 600,000 mark. The new figure is down 47,000 to a level of 522,000. The reading of 565,000…
These are some of the top stocks to watch this morning for active trading today based on pre-market and after-hours volume activity. There are links through to each with more detailed coverage and volume…
By John Tamny Though Las Vegas is perhaps best known as a tacky City of Sin where what happens within its limits stays there, its fortunes and misfortunes provide us with broad lessons about…