Apple iPad Backlog Worsens
Apple (NASDAQ: AAPL) has already had to tell many people who ordered the new iPad from its website that they will not get the tablet by the original March 16 delivery date. Some of…
All Work
Douglas A. McIntyre
Public Gains Confidence–Bloomberg
A new Bloomberg polls shows that the public has begun to gain confidence in the economy. The result is despite high gas prices, and unemployment levels. People also appear to be less concerned about…
The 10 States With the Cheapest Gas
A record 50% of Americans strongly disapprove of President Barack Obama’s handling of the economy, a recent Washington Post-ABC News survey shows. A whopping 65% are unhappy with his handling of gas prices. While…
Mashable Worth Only $40 Million–One Fifth Of Rumored Price
Reuters blogger Felix Salmon reported that CNN was close to a purchase of tech site Mashable. The price, he reported, would be $200 million. That is a remarkably high figure for a property which…
Fed Bank Stress Tests Out–Assume An Apocalypse
The new Federal Reserve bank stress tests will be hard to pass–if not impossible. The Fed released the guidelines: The supervisory stress scenario for CCAR (Comprehensive Capital Analysis and Review) 2012, which was designed in November…
As Expected, Yahoo! Sues Facebook
Almost everyone in the online and legal industries expected it. After weeks of rumors and news report that Yahoo! (NASDAQ: YHOO) had accused Facebook of patent violations, the portal has sued the social network…
America’s 10 Largest Websites
courtesy Facebook Inc.The 10 most-visited websites in America may share a few characteristics, but interestingly enough, none are in the same business, with the exception of two portals. Each has a different business model…
Another Apple Product Delay
People rushed to access the Apple (NASDAQ: AAPL) site to order new iPads almost as soon as the company’s CEO, Tim Cook, announced the release of the new product. Numbered in the millions, customers…
China Could Trigger a U.S. Recession
A lack of demand for China’s factory goods could be triggered by a slowdown in demand, particularly from EU countries. That almost certainly would hurt GDP growth in the People’s Republic. Chinese authorities likely would…
Short Sellers Leave Financials, Mixed on Tech
Short sellers reduced their positions in major financial firms and their positions in major tech stocks were divided, based on data from the NYSE and Nasdaq for the period that ended February 29. Bank…
What’s Important (3/12/2012) Apple iPad Delay, Gas to $3.80
China’s trade deficit reached its highest level since 1989, posting a negative $31.5 billion in February. One of the causes was a drop in demand for finished goods put out by factories, which has…
Media Digest (3/12/2012) Reuters, WSJ, NYT, FT, Bloomberg
The economy of Appalachia may be helped by natural gas and chemical plants. (Reuters) The People’s Bank of China will do more to support the yuan, and the global economic markets hit a rough…
Americans Worry Over Search Engine Privacy
Surveys of Americans have frequently said they do not want the owners of websites to “spy” on these to determine their habits and use those to target ads. A series of research from The Wall Street…
China Trade Deficit In February Reaches Highest Point Since 1989
China’s trade deficit hit its highest level since nearly two decades ago– a $31.5 billion negative number in February. A primary cause was a fall off in demand for finished goods put out by factories, which has been undermined by…
Greek Rescue Funds About To Be Released, Officals Optimistic
Greek political leaders claim that now money is about to be released as part of a rescue package a new period for the southern European nation has started. Finance Minister Evangelos Venizelos said Greece has a “new starting point” when he was interviews by…
iPad Delayed To March 19
Apple produced too few iPads to reach its delivery date the first orders on March 16. Delivery has been pushed back to March 19 . Consumers should expect that supplies will also be tight at…
Gas Climbs To $3.80
The average price of a gallon or regular reached $3.80 over the weekend. So, there has been no relief in gas prices costs.The trend is still rapidly toward $4. A new Gallup poll shows…
Is Our Economy Broken?
By Kathleen Rogers As I talk to various business owners, from travel companies to retail shops to general contractors, I hear a common theme: Business is spotty. When the outlook appears especially bleak, they…
The Biggest Risks to the U.S. Recovery
A growing number of economists believe that the U.S. economy has pulled free from the grip of the Great Recession, as another strong jobs report came out. They marry this with a string of…
The Six Worst States for Sleep
Americans in general do not sleep well. But those who sleep the worst live in the South, according to a new study by the Journal of Clinical Sleep Medicine. 24/7 Wall St. looked at…