Flickr - Marshall AstorFor many Americans, homeownership is the epitome of living the American dream. Yet, in towns with high tumbling home prices and double-digit vacancy rates, median-priced homes now cost the equivalent of…
Mark Zuckerberg of Facebook (NASDAQ: FB) and Walmart (NYSE: WMT) CEO Mike Duke are scheduled to meet for two days along with senior aides. Presumably the gathering aims to increase the use of Facebook by…
The rumors are that new Yahoo! (NASDAQ: YHOO) CEO Marissa Mayer has a net worth of $300 million because of her holding of Google (NASDAQ: GOOG) stock. That would make her new salary of $1…
Updated throughout the day on the 24/7 Wall St. Wire: Back of America (NYSE: BAC) and Credit Suisse (NYSE: CS) will lay off more workers. (WSJ) Crédit Agricole, HSBC (NYSE: HBC), Deutsche Bank (NYSE: DB)…
Speculation has grown that the only effective way for Yahoo!’s (NASDAQ: YHOO) new CEO to improve the company’s prospects on Wall St. is to make another large round of employee cuts. In many analysts’…
The worst U.S. drought in more than half a century has pushed the prices of soybeans and corn to record highs. Although the American economy has been largely free of inflation, the costs of…
The skepticism about Spain from international capital markets investors has returned. The yield on 10-year notes rose to 6.95% post auction today. The yield has risen again for several reasons. Spain’s central government reported…
The skepticism about Spain from international capital markets investors has returned. The yield on 10-year notes rose to 6.95% post auction today. The yield has risen again for several reasons. Spain’s central government reported that the…
The housing market is projected to improve in the coming years — albeit slowly. While we are a long way to full recovery, the signs are there. Indeed, according to a CoreLogic report released this…
The AARP issued the results of new research into the risks of foreclosures among people older than 50. The data were disturbing enough, but especially alarming when persons over 75 years old were considered. Many…
Barnes & Noble (NYSE: BKS) is not the next Borders, as some analysts like to say. It has much larger sales, much smaller financial obligations and a major e-commerce presence. But what seemed to be…
The U.S. Postal System reminded Congress again that its financial problems are so dire that it may miss an obligation to pay $5.5 billion into health-benefit funds. The payments will not be made without a…
A new consumer agency fines Capital One (NYSE: COF) $210 million for aggressive marketing activity.(Reuters) New IMF policies will examine whether individual national economies might hurt global growth. (Reuters) IBM (NYSE: IBM) raises its earnings…
For the first time in nearly two months, WTI crude surged above $90. It is still well short of the $100 level where it traded in early spring. Although some of the events that…
A day ahead of quarterly earnings, Microsoft (NASDAQ: MSFT) managers have made comments internally that the new Windows 8 operating system will be released on October 26. Windows remains the flagship product of the world’s…
Updated throughout the day on the 24/7 Wall St. Wire: DirecTV (NASDAQ: DTV) has come close to a deal with Viacom (NASDAQ: VIA) about financial arrangements to carry the networks’ programs. (Bloomberg) General Motors (NYSE:…
Oil prices fell from a nearly two-month high. WTI prices for August delivery were down to $88.55, which is well below the $100 plus range of five months ago. The trigger for the drop…
Michael Dell, CEO and founder of one of the world’s largest PC companies, expects that the Chinese market will remain hot, according to quotes attributed to him by Reuters. “We are bullish on markets…
A Goldman Sachs report predicts a strong possibility the Federal Reserve will ease monetary policy by September. The most probable reason is that the economy will show evidence of a rapid slowdown or that…
A Goldman Sachs (NYSE: GS) report predicts a strong possibility the Federal Reserve will ease monetary policy by September. The most probable reason is that the economy will show evidence of a rapid slowdown…