Voters Greatest Issue Ahead Of Election–The Economy
It would be hard to guess otherwise. US voters are more concerned about any other issue, as the nation election is now only month away and the Republican candidates face a battle between now…
All Work
Douglas A. McIntyre
Italian Prime Minister Expect Adequate Bailout Fund
Now that the problem of a Greek bailout it temporarily over, the region has turned its attention to the size of bailout funds available for a future crisis. The IMF says the value of…
Foreclosures Are A Quarter Of US Home Sales–Realtytrac
Homes in foreclosures were one of four house sales in the final quarter of last year. The discounts on the prices of these homes tends to push down the value of houses nearby. The…
China Steps Away From US Treasuries–DJ
China has apparently cut the portion of its currency reserves help in US debt. Perhaps the world’s most populous nation wants to pressure the richest one on trade and military issues. Perhaps the People’s Republic…
Facebook Tries To Reverse Problems In Ad Market
Facebook has decided that its advertising sales are weak enough that it could affect the price of its IPO. The social network controls close to a third of the display advertising inventory in the…
Gas Price Jump Higher Again, Toward $5
The chance that trouble in Iran could press gas price for regular to a $4 average in the US increase by the day. As a matter of fact, The New York Times ran a…
Greece Posts Brutally Low PMI Figure
The PMI of many nations in Europe improved last month according to research firm Markit. The region-wide number was 49, not terribly bad as many of the nations in the eurozone are in periods…
China PMI Improvement
There may be a ray of light out of China which shows that parts of the global economy are solid. The PMI of the People’s Republic rose to 51 in February, a sign that…
Media Digest (3/1/2012) Reuters, WSJ, NYT, FT, Bloomberg
Statements by Bernanke about the uneven economy push stocks down. (Reuters) Chinese factory activity grows more than expected in February. (Reuters) Facebook sets new advertising tools for major marketers ahead of its IPO. (Reuters)…
Today’s Best Market Rumors (2/29/2012) HP Layoffs, GM EU Tie Up
Updated throughout the day on the 24/7 Wall St. Wire HP will lay off 275 people from its WebOS division (AllThingsD) GM has balked at a tie up with Peugeot (Reuters) Apple will release its…
States with the Most Miserable Housing Markets
Home prices fell in December to the lowest levels since the housing crisis began in mid-2006, according to the Standard & Poor’s Case-Shiller Home Price Index. While other housing statistics certainly suggest that a…
An EU Ban on Credit Ratings Agencies?
A man hardly anyone in the U.S. has heard of — Leonardo Domenici, a member of the European parliament — has suggested that the body ban the ability of credit rating agencies to offer…
Costco Prospers: Are Consumers Optimistic or Frugal?
Costco (NASDAQ: COST) issued extraordinarily strong February sales numbers along with its earnings for the period that ended February 12. Revenue for the quarter rose from $20.9 billion last year to $23 billion. But…
What’s Important in the Financial World (2/29/2012) India’s GDP, ECB Borrowing
Yesterday was yet one more day for speculation about Apple’s (NASDAQ: AAPL) near-term plans. The fever may have been warmer than usual as Apple’s market value moved above $500 billion. The advance helped put the…
Media Digest (2/29/2012) Reuters, WSJ, NYT, FT, Bloomberg
Apple (NASDAQ: AAPL) to launch a new iPad next week. (Reuters) Blackstone (NYSE: BX) says CEO Stephen Schwarzman made $213 million last year. (Reuters) The Justice Department is looking at whether banks manipulated the…
HP To Fire 275–AllThingsD
As Hewlett Packard retreats further from the WebOS it hoped to use in portable devices, the staff that supports it become less important. It may seem trivial, but it’s a sign of HP’s decision to…
Stockton Nears Chapter 9
Stockton CA inched closer to a Chapter 9 filing as it ran out of money, and state aid is uncertain. It become one of several cities which have considered such a filing. The action…
Banks Draw 530 Billion Euros From ECB
Eight hundreds banks drew 530 billion euros in cheap short-term loans from a new ECB facility. It is the second such facility established in less than half a year. The facility is meant to bolster…
LightSquared Fires CEO
Troubled wireless broadband firm LightSquared, backed largely by money from Harbinger Capital led by Philip Falcone, fired its CEO Sanjiv Ahuja. The company, said, however, that he resigned, and that a search for a new…
FDA-Use Of Statins May Cause Problems
The FDA announced today that the use of statins, common among people with high cholesterol, pose problems which were not mentioned on the lables on the drugs before. The agency reported that Information about…