India’s Investment Grade Rating Threatened by S&P
India may be the first BRIC nation to loss its investment grade rating — a blow to both its prestige as a growth economy and perhaps its ability to raise money. S&P shocked may…
All Work
Douglas A. McIntyre
Global Markets Rally on Spain Bailout
The hope that a $125 billion bailout of Spain and its banks will create a clean break with Europe’s months of sovereign trouble drove global markets higher. Among others, the Spanish market rose 5%.…
Spain To Get $125 Billion In Aid
Spain continues to suggest that it does not need a full bailout to survive financially. Its actions today say otherwise. According to The New York Times, Spain took a $125 billion aid package from…
IMF Calls For 40 Billion Euros Plus Spain Bailout
The IMF claims that the state of Spain’s banks is so troubled that they will need bailout capital of over 40 billion euros. Spain’s own deficit and GDP problems are so severe that the…
S&P Threatens US Rating On Budget Matters
S&P has become the latest organization, economist, or politician to warn Congress and the Administration that a lack of firm decisions to lower the deficit will eventually ruin the country’s finances. S&P reaffirmed its…
Moody’s Threatened Euro Area Downgrades
nationsonline.orgProblems in Spain and Greece have gotten bad enough that the balance of Europe’s finances have already been dragged into the growing hole. Recent economic data from Germany show that even its imports and…
Today’s Best Market Rumors (6/8/2012) Intel’s Next Generation TV
Updated throughout the day on the 24/7 Wall St. Wire. Spain will request aid for its banks on Saturday (Reuters) Intel will launch a TV with face recognition and closely targeted ads (Reuters) McGraw-Hill…
What’s Important in the Financial World (6/8/2012)
Gallup has released results of a poll about the attitude of the Chinese toward pollution. Experts have long believed that the People’s Republic cares little about clean water or air when those are balanced against…
Facebook: The Hacker’s Holy Grail
courtesy Facebook Inc.Now that hackers have broken into eHarmony’s database, the game system of Sony’s (NYSE: SNE) PlayStation network, Google’s (NASDAQ: GOOG) Gmail system in China, and several U.S. government and major corporate websites, the only…
EU Trouble Bites German Imports/Exports
German businesses had a little reason to hope that trade with countries outside the European Union would keep the export economy growing, and that low unemployment and high wages would sustain imports. Neither of…
Harley-Davidson: A Big Brand with Tiny Sales
Somehow Harley-Davidson (NYSE: HOG) made it onto the Interbrand list of Best Global Brands 2011. With a valuation of $3.5 billion, it sits near smartphone giant HTC and very close to Starbucks (NASDAQ: SBUX). Its presence is proof…
Media Digest (6/8/2012) Reuters, WSJ, NYT, FT, Bloomberg
A rate cut in China prompts some economists to worry that May economic data will be weak. (Reuters) In the wake of its ratings downgrade by Fitch, Angela Merkel says that the region will…
EC Threatens Google On Antitrust
The top anti-trust official in Europe said in a speech that Google (NASDAQ: GOOG) has run out of time to cure what the EC sees as rampant monopolistic behavior. EU Competition Commissioner Joaquin Almunia said…
Spain To Ask For Aid–Reuters
Reuters has reported exclusively that Spain will turn to its neighbors as early as Saturday as its ability to raise money and the damage to its banks spreads rapidly. Most experts believe that the…
A Facebook App Store
The Apple (NASDAQ: AAPL) App store, and Google’s (NASDAQ: GOOG) for Android face new competition. Facebook (NASDAQ: FB) has opened an app store of its own. Most of the software available at the Facebook…
Chinese Sick Of Pollution
Gallup has issued a poll about the attitude of the Chinese toward pollution. Experts have believed for a long time that the People’s Republic does not care much about clean water or air when…
Why Natural Gas Could Displace Gasoline – An Interview with Raymond Learsy
Massive natural gas discoveries along with new extraction techniques have led many to claim nat gas as the fuel of the future – which could ensure U.S. energy independence, reduce geopolitical risks, and help…
What’s Important in the Financial World (6/7/2012) Airline Profits, Food Prices
Unemployment in Greece reached 21.9% in March, which allows it to move into the club of EU nations with unemployment rates over 20%. Spain chairs that association. The Greek number was up from 15.7%…
Global Food Prices Down–UN
Food prices, one of the greatest threats to the overall health of the global economy have fallen recently, and dropped very sharply in May according to the UN Food and Agricultural Organization. The FAO…
Global Airline Industry Loses Lift
The global airline industry is no where close to recovery according to the head of its largest trade association. “Oil prices are high, although moderating somewhat from recent peaks. The European sovereign debt crisis…