The debate over whether financial stimulus is needed for the economies of the eurozone’s weakest nations to recover from deepening recession has been trumped by the insistence of those supplying rescue capital to demand austerity. Germany, for example, has said…
Some of the rapid rise in the West Texas Intermediate oil price from $80 to $110 over the past four months is due to an embargo against the export of crude from Iran, set…
Brent crude rose above $125 on news of the explosion of a Saudi pipeline. The news turned out to be a rumor, and the price dropped several dollars. There is a lesson in the…
Anheuser-Busch InBev NV may buy China’s Kingway Brewery Holdings’ assets. (Reuters) The Department of Justice is expected to widen its probe of mortgage-backed securities. (Reuters) AT&T (NYSE: T) sets new standards that will impose penalties on those…
Local business review provide, Yelp, has priced above its expected IPO range of $12 to $14. The IPO will begin at $15 a share for 7.1 million shares. The price is a surprise because…
Gas prices per regular gallon rose again yesterday according to AAA. Fortunately, the rise was only a blip. The service reports that the average price of regular was $3.741 up from $3.738 a day…
Radio network RTL interviewed Peugeot Citroën SA CEO Philippe Varin who said his company may begin to product GM cars in Europe after 2016. GM took a 7% interest in Peugeot which brought the European firm…
Target (NYSE: TGT) and Wal-Mart (NYSE: WMT) are sick of letting firms like Google (NASDAQ: GOOG) make money on customers who use mobile devices to make retail purchases. Among other things, affinity card traffic…
AT&T stated it will begin to charge penalties for some customers. 4G LTE customers will be hurt the most. Their data download levels per month will be limited to 5 GB. For 3G customers, that figure will…
Eurostat reports joblessness in Spain rose to 23.3% in January. Should the counting process be similar to the one in the US which does not include the partially employed, the figure could be much higher. The data will cause more disagreement between the proponents…
Brent spiked higher than $125 on information of an explosion of a Saudi pipeline. It turned out to be just a rumor Once that was clear the price dropped several dollars. There is a message from the price movement. Traders and speculators have migrated from…
No hedge fund has made more money for their investors than Bridgewater Associates did last year. Success in the industry continues to result in tremendous pay. Forbes estimates that Bridgewater founder Ray Dalio made…
Avon Products (NYSE: AVP) shares are down over 15% in the last six months. The S&P 500 index is higher by 14%. Avon has not recovered from poor earnings and an SEC investigation. And,…
The still-sputtering economy which continues to be undermined by high unemployment and low home prices has not arrested a tremendous revival of car sales. In 2008 and 2009, national sales barely averaged 10 million, down…
There has been a great deal of debate about whether a tax on the rich–a Buffett tax–would substantially shrink the federal budget deficit, or perhaps eliminate it completely A new study from The Pew…
With gasoline prices inching closer to $4 and even $5 a gallon, more Americans will make high gas mileage a priority when they buy their next car. The good news is that new technologies…
Some 24% of the homes sold in the U.S. during the fourth quarter were in some stage of foreclosure, according to Realtytrac. The firm’s 2011 U.S. Foreclosure Sales Report also reported that: The average…
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. The press and customer…
February car sales in the U.S. will be at multimonth highs and the annual sales run rate will be 14 million. Chrylser has already announced a 40% improvement. That is still well below the…
There may be a ray of light out of China showing that parts of the global economy are solid. The PMI of the People’s Republic rose to 51 in February, a sign that manufacturing grew…