China Economy And Stocks
Worries about a slowing in China’s GDP and the impact it will have on the earnings of big companies based there have begun to hammer the stock market. The Shanghai Composite suddenly fell 2.7% overnight. That is…
All Work
Douglas A. McIntyre
Media Digest (3/28/2012) Reuters, WSJ, NYT, FT, Bloomberg
A Reuters/Ipsos poll shows that two-thirds of Americans disapprove of the way President Obama has handled the gasoline crisis. (Reuters) Apple (NASDAQ: AAPL) will offer refunds for iPads sold in Australia as local government…
Shanghai Composite Off 2.7%
The Shanghai Composite fell 2.7% on fears that the China economy has slowed and that this will hurt the earnings of countries in the People’s Republic. Metals companies in particular are likely to be…
Facebook Admits Yahoo! Problem in Filing
Facebook filed a new document in its move toward its IPO. In that document, it admitted that Yahoo!’s (NASDAQ: YHOO) patent claims are a risk to its business. That means that Facebook’s $100 billion may…
Car Sales To Hit Four Year High In March
For some reason, car sales continue to surge. Consumer spending has improved, but only modestly. The same could be said of unemployment. Cars and light trucks remain the second most expensive asset people hold after their houses.…
Case-Shiller Real Estate Index Beaten Down
Whatever hope there has been for a real estate market recovery was crushed today and Case-Shiller issued its data for prices in the top 10 and top 20 markets. Data through January 2012, released…
Economic Confidence Reaches Multi-Year High
With unemployment falling, and most gauges of consumer confidence having ticked up recently, it is not unusual that the Gallup economic confidence level would reach a four year high. This runs back to January…
Ten States Where Green Jobs Thrive
The green economy often is cited as a key driver of the national economic recovery. At the very least, it is creating jobs. The total number of jobs related to green products and services…
The Case Against U.S. Economic Growth
Fed Chairman Bernanke recently stated that, even with monetary easing, the U.S. economy could be dragged back toward recession because of risks to the recent trend in job creation. The main engines of gross…
Nokia’s Cheap $99.99 Smartphone
NokiaNokia’s (NYSE: NOK) new flagship smartphone, the Lumia 900, will not carry a premium price in the U.S. The smartphone’s retail price will be as low as $99.99 and AT&T (NYSE: T) will begin to…
OECD: EU Bailout Money Must Be $1 Trillion Euros
OECD Secretary-General Angel Gurría became the latest leader to say that Europe’s economic and sovereign debt trouble could be great enough to overwhelm current bailout amounts reserved by the region’s nations to rescue troubled sovereigns.…
What’s Important in the Financial World (3/27/2012) German Gas Prices, Case-Shiller Home Prices
German consumer activity is being undermined by high gasoline prices. That is the conclusion of Germany’s premier economic survey firm GfK Group. The firm published its comments in its “Consumer Climate Study for Germany for March…
Media Digest (3/27/2012) Reuters, WSJ, NYT, FT, Bloomberg
Increasing numbers of mutual funds have performances tied to huge investments in Apple (NASDAQ: AAPL). (Reuters) Tim Cook, Apple’s CEO, is in China to address production labor problems. (Reuters) The European Union begins an…
Case-Shiller On The Way
Flickr, Images of MoneyThe S&P/Case-Shiller index of property values in 20 cities will be released today. It is one of the critical barometers of home prices and is usually a fairly good basis on…
Tim Cook Goes To China
Tim Cook, Apple’s (NASDAQ: AAPL) new CEO, has gone to China because he hopes to find resolutions to several problems which have dogged the world’s largest company based on market capitalization. Among these are…
German Confidence Falters
German consumer activity has begun to be undermined by gas prices. That is the conclusion of Germany’s premier economic survey firm GfK Group. The firm published its comments in the “Consumer Climate study for…
Gas Hits $3.898
Robert Murray http://www.geograph.org.uk/photo/1449653Gas prices in the US continue a relentless move higher as each day passes. The carefully watch AAA Fuel Gauge put the average cost of a regular gallon of gas in America…
Keystone XL Pipeline Has Competition — WSJ
The Keystone XL Pipeline, a political football between environmentalists and oil firms that want to move more crude from Canada to the coast of Texas has a rival. According to the Wall Street Journal:…
As Medvedev Meets Obama, Oil Trouble Grows in Russia
Russian President Dmitry Medvedev visited with President Obama at the Nuclear Security Summit in Seoul, South Korea. The discussion was about arms. It probably should have included talks about oil as well. The U.S. needs crude prices to…
Troubled Italy Calls Out Troubled Spain
Italy’s Prime Minister Mario Monti said Spain may be the next flash point in the eurozone sovereign debt crisis, according to Bloomberg. Apparently he has forgotten that global capital markets investors sold down the…