The war among politicians between the economic values of austerity and stimulus heated up more. French presidential candidate Francois Hollande said German leader Angela Merkel cannot decide the financial fate of Europe on her…
Spain’s National Statistics Institute said the nation’s unemployment rate last quarter was 24.4%, a staggering number. That came less than one day after S&P downgraded Spain’s debt to BBB+/A2 from A/A-1 based on the nation’s deficit plans and budget…
The United States is more peaceful now than at any time in the past 20 years. Nevertheless, violence still cost the economy at least $460 billion in 2010, through a combination of lost productivity…
French presidential candidate François Hollande, the likely winner of the upcoming election, says he will block planned job cuts at private companies as a way to keep unemployment from growing. According to Bloomberg, Hollande said:…
It is one thing for researchers to estimate what portion of Americans own their homes. It is another for Americans to say for themselves whether they own a home. A new poll from Gallup shows that…
Economic confidence in Europe took a nose dive. The European Commission reported its economic sentiment indicator fell in April to 92.8 from a reading of 94.5 the previous month. MarketWatch says that the consensus…
Markets are lifted by Fed comments that the economy is recovering and that it will keep rates low. (Reuters) Chrysler posts its best earnings since being partially taken over by Fiat. (Reuters) Samsung says…
One the heels of bad housing numbers from S&P/Case-Shiller, Federal Reserve chief Ben Bernanke told a news conference that the largest threat to the US economy remains home prices. He said that the problem…
Gas prices and futures indicate that the price of a gallon of regular based on the national average may never reach $4. As a matter of fact, the number may drop back to $3.50.…
Nintendo lost money. It is the first time in recent memory that it has done so. Some of the blame falls on the value of the yen. But, more important, sales of its Wii…
Economic confidence in Europe took a nose dive. The European Commission reported its economic sentiment indicator fell in April to 92.8 from a reading of 94.5 the previous month. MarketWatch says that the consensus…
A year ago, most car company analysts believed that the key to big profits for large manufacturers was an abundance of overseas sales. That has turned out to be untrue for now. Chrysler posted record…
Earlier this month, polling agency Gallup released its 2011 global unemployment statistics for 148 countries. Of the nations Gallup surveyed, nine had unemployment rates below 5%. The majority are in Asia, with the remainder…
Near the rear of AT&T (NYSE: T) and Verizon Wireless retail stores sit smartphones like the HTC Trophy, the LG Vortex and Sony Experia. These usually sell for less than high-end Samsung smartphones and the Apple…
Baidu (NASDAQ: BIDU) always has been a very small company compared to Google (NASDAQ: GOOG), although by some estimates it has 80% of the huge China search market. Baidu met analyst estimates for its first quarter,…
Comscore released its list of the 50 largest U.S. websites for March based on unique visitors. The top of the list has not changed. Google (NASDAQ: GOOG) sites are still in first place with…
A judge objects to parts of an AIG (NYSE: AIG) suit to block a Bank of America (NYSE: BAC) settlement over mortgage bond sales. (Reuters) Apple’s (NASDAQ: AAPL) earnings are better than even the…
The belief that the most rapidly growing developing nations can sustain rapid economic improvement and GDP expansion received another blow. China’s GDP has already begun to slow, the most visible indication of the trend.…
The “billionaire index” business has gotten out of control. Bloomberg poached staff from Forbes, the traditional media outlet for the wealth of the super rich through its Forbes 400 and other reports. Bloomberg believed…
Apple’s (NASDAQ: AAPL) extraordinary earnings will almost certainly help lift the US stock markets. They may be a false positive as far as earnings and prospects for most other tech companies are concerned. Apple’s…