Nintendo had near-record profits for it most recently reported period, but they were not up to expectations because of what analysts view as faltering sales of its flagship Wii game console. For the fiscal year ending…
The bank “stress tests” and their results have put the infallibility of the government on the line. If its judgment about the solvency of the large American banks is accurate, then the new capital…
The “swine flu” was supposed to bring global commerce to a halt, drive global GDP down by 5%, and cost the economies across the world as much as $3 trillion dollars. In the process,…
The most exciting day of the financial year should have been today because the government releases the results of its multi-month bank “stress test” program which includes thorough vetting of the health of America’s…
According to Reuters, GM (GM) is expected to post huge losses ahead of decisions about whether it will go into Chapter 11. Reuters reports that Obama is seeking budget savings due to a widening…
Markets in Asia rose. The Nikkei was up 4.6% to 9,386. The Hang Seng rose 1.2% to 17,030. The Shanghai Composite was up .2% to 2,597. At the open in Europe, the FTSE was…
Twelve of the Fortune 500 CEOs are women. Just twelve. Over the next year, that number is likely to go up considerably because of a confluence of economic and financial factors that have not…
Jim Cramer continued adding to his basket of speculative technology stocks on tonight’s MAD MONEY on CNBC. His #3 speculative stock pick was Cadence Design Systems Inc. (NASDAQ: CDNS), a maker of electronic design…
Cisco Systems, Inc. (NASDAQ: CSCO) traded higher after its earnings came in not as light as analysts were expecting. What we wanted to capture was a feel for the overall tone of things in…
Cisco Systems (NASDAQ: CSCO) is out with its third quarter earnings report. The networking and communications equipment leader posted earnings of $0.30 in non-GAAP EPS and $8.2 billion in revenue. The Thomson Reuters consensus…
There was a new ETF launch today on the NYSE Euronext. The WisdomTree Dreyfus Emerging Currency Fund (NYSE: CEW) marks the 50th ETF listed by WisdomTree on NYSE Arca. The “CEW” fund will seek…
OpenTable, Inc. has set its initial public offering terms. When this one filed to come public, there were some who thought it might not make it to market. If today’s amended filing is any…
As more information hits the press about the amount of money the government will say big banks will need due to the results of “stress tests”, it is already clear that three banks, Citigroup…
Cisco Systems (NASDAQ: CSCO) is set to report its Q3-2009 earnings after the close. Cisco’s growth is currently off the table if estimates are accurate, but the Thomson Reuters estimates are $0.25 EPS and…
The twenty-five subprime lenders that originated $1 trillion in high interest loans between 2005 and 2007 got their funding from Wall St. banks that are now the beneficiaries of TARP money. According to the…
It’s official. Amazon.com, Inc. (NASDAQ:AMZN) has introduced the much larger version of its Kindle e-book reader. The Amazon Kindle DX offers Kindle’s revolutionary wireless delivery and content with a large 9.7-inch electronic paper display…
To call the triple-leverage financial ETF of the Direxion Financial Bull 3X Shares (NYSE: FAS) volatile would be the understatement of the year. It has become the day trading instrument of choice for those…
The weekly oil inventories are still building by the Department of Energy’s count. Last week we saw a build of 600,000 barrels of crude to 375.3 million barrels and distillates grew by 2.4 million…
We had been awaiting a shelf registration statement from Visa Inc. (NYSE: V) for a while now, and now we have gotten that filing this morning. While the company has downplayed the importance of…
The world’s largest offshore driller, Transocean Ltd. (NYSE:RIG), reported first quarter 2009 EPS of $2.93 on net income of $942 million and revenue of $3.12 billion. In the first quarter of 2008, Transocean reported…