By John Tamny, Real Clear Markets In his Tract on Monetary Reform, John Maynard Keynes made the essential point that when money is debased, enterprise is discredited, and trade barriers soon reveal themselves. Having…
According to Reuters, the government is set to announced the country’s tenth straight month of jobs losses. Reuters reports that Chrysler is burning through it cash quickly and the company may have to be…
Markets in Asia were mixed. The Nikkei fell 3.6% to 8,583. Shares in Toyota (TM) fell on a profit warning. The Hang Seng rose 3.3% to 14,238. HSBC (HBC) rose. The Shanghai Composite moved…
Gammon Gold (GRS) is a Canadian-based gold mining company. Like many firms in the metals exploration industry, it likes to put our cryptic press releases on progress at its drilling sites. These releases always…
Wells Fargo & Company (NYSE: WFC) has priced that monster share offering. Rather than $10 billion being raised, it is more like $11 billion. The banking giant priced 407.5 million shares at $27.00 per…
NVIDIA Corp. (NASDAQ: NVDA) reported earnings above estimates, and shares are recovering. The graphics chip-maker said its net earnings were $61.7 million, or $0.11 EPS. On a non-GAAP basis its earnings were $0.20 EPS. …
Valassis (VCI), the media and marketing services companies, has done an astonishingly poor jobs for its shareholders. The stock is down from a 52-week high of $16.80 to $1.78. The firm’s third quarter earnings…
GT Solar International, Inc. (NASDAQ: SOLR) posted strong earnings and mixed guidance, but shares are recovering handily after the report since its stock has been beaten down so much since coming public this summer. …
The Walt Disney Co. (NYSE: DIS) posted earnings after the close of $0.43 non-GAAP EPS from normalized operations on $9.445 billion in revenues. Thomson Reuters (First Call) had estimates for the media giant and…
Thomson Reuters estimates for CDMA giant Qualcomm (QCOM) were for $0.60 EPS and $2.86 billion in revenue. Reported revenue was $3.33 billion, up 45 percent year-over-year. Reported net income was $878 million, down 22…
Valassis Communications (VCI) Q3 loss and outlook cut. Plunges to $1.78 from 52-week high of $16.80. Syniverse (SVR) Baird downgrades shares. Falls to $9.79 from 52-week high of $22.93. McDermott International (MDR) Lower profit.…
Express Scripts Inc. (NASDAQ:ESRX) is about to have one massive PR nightmare in its hands. The pharmacy benefit management manager announced that it has received a letter from an unknown person or persons trying…
Making calls on financial guidance and modeling for the future right now beyond a quarter is no longer an art which is easily mastered by many. It is now guesswork or financial alchemy. So…
The Walt Disney Co. (NYSE: DIS) is set to report earnings right at the close of trading today. The Thomson Reuters (First Call) estimates for the media giant and DJIA component are $0.49 EPS…
Pepco Holdings, Inc. (NYSE: POM) is doing fairly well considering the company raised more than $200 through a secondary offering priced at $16.50 per share for 14 million shares.
Mad Catz Interactive, Inc. (AMEX: MCZ) has been a dismal video game-related stock which never really get off of the ground. Its annual sales have also not shown any growth even when the sector…
Level 3 (LVLT) got hit by concerns about raising cash. It shares collapsed back toward $1 on heavy volume. Detail… Noble (NOBL) released terrible numbers to the market late yesterday. It paid for that…
Crude oil refiners Sunoco (NYSE:SUN) and Western Refining (NYSE:WNR) reported earnings this morning before the market opened. Sunoco posted diluted EPS of $4.70 on revenues $16.109 billion. Western reported diluted EPS of $1.61 on…
The king of customer satisfaction surveys, JP Power, has anointed the Apple (AAPL) iPhone as the best smartphone on the market. Apple ranks highest in overall smartphone customer satisfaction with a score of 778…
The people at the International Monetary Fund say that the world economy will be in a recession in 2009, making them the last group on earth to acknowledge it. "World growth is projected to…