We have just seen the figure for weekly jobless claims, and it is an ugly prelude to tomorrow’s unemployment and non-farm payroll data. The good news is that worker productivity came in better than…
Being a Gap (GPS) shareholder has been a long nightmare and that got worse today. Gap’s same store sales in October fell 16%. The retailer reported net sales of $1.08 billion for the four-week…
A little note from the Bank of England: "The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 1.5 percentage points to 3%.…
The magnificence of being big and having extraordinary buying power put Wal-Mart (WMT) at the head of the retailing industry again. It can cut prices to consumers in a way that would ruin its…
These are some of the many analyst downgrades we have seen on Wall Street this Thursday morning: Amazon.com (AMZN) Cut to Hold at Citigroup. Amdocs (DOX) Cut to Neutral at Baird. Berry Petroleum (BRY)…
These are some of the early upgrades we are seeing on Wall Street this Thursday morning: Encore Acquisition (EAC) Raised to Buy at Goldman Sachs. Equitable Resources (EQT) Started as Outperform at Credit Suisse.…
Every industry has its blue chip think tank, In the case of cars it is The Center for Automotive Research. The research operation has come out with a new and disturbing study.
Now that Google (GOOG) has walked away from a deal to sell search advertising for Yahoo! (YHOO), the portal company has to come up with a way to replace all that money. Yahoo! could…
Toyota (TM) reduced its earnings estimates by more than 50%, making it the last large global car company to admit that there is nothing to be done about salvaging this year or next. Declining…
The sound out of Cisco (CSCO) has been so fine for so long that its was an assault to hear that the company would have a drop in revenue in the current quarter. By…
It is fairly easy to imagine oil trading at $65 for a long time or even moving lower. What is not easy to imagine is why oil would rise 100%. The trend has been…
There is not a man with a typewriter who can avoid writing about how much debt the US government has and how much more it will have to take on. Paulson’s program will put…
According to Reuters, Europe prepared rate cuts as the economy their worsened. Reuters reports that the administration cleared the way for the car companies to get access to $25 billion in loans, but Detroit…
Markets in Asia fell sharply. The Nikkei dropped 6.5% to 8,899. Toyota (TM) fell on poor earnings. The Hang Seng dropped 7.1% to 13,896. Cathay Pacific fell almost 16% on poor earnings. The Shanghai…
Tonight on CNBC’s MAD MONEY, Jim Cramer hosted Doug Novak, CEO of Yum! Brands Inc. (NYSE: YUM), to discuss the economy and the company’s place in casual dining during a major economic slowdown. With…
In about 36 hours, the highly awaited release of "Gears of War 2" comes to stores for a midnight opening. The Microsoft (NASDAQ: MSFT) Game Studio published game developed by Epic Games Inc. comes…
We listened to the Cisco Systems Inc. (NASDAQ: CSCO) conference call, and John Chambers is sounding out the agony of defeat after his comments. He has forecast a very somber sounding opinion essentially calling…
Whole Foods Market Inc. (NASDAQ: WFMI) posted dismal earnings of $0.01 EPS on revenues of $1.79 billion. Thomson Reuters (First Call) had estimates pegged at $0.13 EPS and $1.81 billion. While this also marked…
Cisco Systems, Inc. (NASDAQ: CSCO) has posted earnings of $0.42 non-GAAP EPS on revenues of $10.3 billion. Estimates from Thomas Reuters (First Call) were $0.39 EPS on $10.3 billion in revenues. While everyone is…
Tenet Healthcare (THC) Weak quarter and outlook still killing the company. Falls to $2.25 from 52-week high of $6.88. Compugen (CGEN) Company says it will not issue new equity. Market may not believe it.…