The federal budget deficit hit $455 billion for its September fiscal year. That is up $389 billion from the year before. The deficit will certainly get a lot worse. The bank bailout is not…
Paulson’s plan to put $250 billion into nine banks, whether they want the money or not, is really supposed to do as much for financial firm customers as it is for the companies themselves.…
Intel (INTC) said it loved its past and hated its future. The Age of Romance must be over. These sentiments are supposed to be the other way around. The world’s largest chip company said…
According to Reuters, economic attention has now turned to the recession. Reuters reports that a new survey shows that half of all workers are worried about their jobs Reuters reports that unions are worried…
Many markets in Asia were lower. But, the Nikkei rose 1.1% to 9,547. The Hang Seng fell 2.4% to 16,438. ICBC fell 2.7%. CNOOC waa off 3.8%. PetroChina (PTR) moved down almost 4%. The…
Intel Corporation (NASDAQ: INTC) posted third quarter earnings of $0.35 per share on $10.22 billion in revenue. Analysts expected the company to earn $0.34 EPS with $10.26 in revenue. Gross margins were 58.9%, up…
Genentech, Inc. (NYSE: DNA) today posted earnings of $0.81 per share and $3.408 billion in revenue. That’s below First Call estimates of $0.88 on $3.36 billion in revenue. For what this is worth, Genentech…
Energysolutions (ES) Company cuts guidance. Plunges to $5.60 from 52-week high of $28.45. Lear Corporation (LEA) Another victim of lower guidance. Falls to $3.77 from 52-week high of $36.99. Pier 1 Imports (PIR) Retailer…
Jim Cramer came on CNBC today in his old STOP TRADING segment with a brief trade idea, and it is an industrial trade idea to boot. He noted this morning that this was too…
Anheuser-Busch Companies Inc. (NYSE: BUD) has been seeing its stock whip around as though the company was not a being bought out. Its stock hit $64.00 early last Thursday, and by Friday it spent…
Finding someone who likes the idea of Yahoo! (YHOO) buying AOL is harder that finding snow in the Sahara. Yahoo!’s stock is off another 3.5% to $13.18 as the media speculates about whether the…
Intel Corporation (NASDAQ: INTC) is set to report earnings for its third quarter right after the close. First Call estimates are earnings of $0.34 and $10.26 billion in revenue. The biggest issue today is…
After today’s close, we are expecting the earnings report of of biotech giant Genentech, Inc. (NYSE: DNA). First Call estimates are for $0.88 EPS on $3.36 billion in revenue. Today is going to be…
By John Tamny RealClearMarkets "The ultimate result of shielding men from the effects of folly is to fill the world with fools." – Herbert Spencer Any conversation with parents of school-aged children often turns…
Traders and investors alike love to look for stocks that are going to run up with a strong market. Yesterday was a record DJIA point move and today we have at least buying strength…
What they say about big tech must be true. IT spending at companies is falling as businesses cut back across every expense category they can find. Software and hardware upgrades are put off to…
As most folks not living under a rock know at this point, Ed "mea culpa" Liddy, has formally responded to harsh public criticism over AIG’s tin-eared approach to frugal corporate spending. Posted on any…
Domino’s Pizza Inc. (NYSE: DPZ) is looking more and more troubled. The company has given a poor earnings report and it is facing much more important top-line issues. This is showing up in franchise-owned…
Phosphate Holdings, Inc. (OTC-PHOS) looked like it was going to be an initial public offering, but this OTC company has filed to sell up to $200 million in common stock in a secondary offering. …
Johnson & Johnson (NYSE: JNJ) is showing that some companies can get it right despite tough times. The company has beat earnings and is even raising its fiscal 2008 guidance. The consumer products and…