Harbinger Capital’s main hedge fund lost 47% of its value last year. It was not the only bad news for founder Phil Falcone who is under investigation for violating securities laws. Most of the…
Consumer spending dropped in January, but because of the end of holiday spending, the trend was expected. The open issue is if consumer spending by month will move ahead of the same months last…
Spain’s banks are laden with bad real estate loans and sovereign paper from its own nations and other troubled countries in the region. Spain believe that a partial solution to the problem is for…
Apple continues to win a few and lose a few as it fights to hold its lead in the smartphone and tablet businesses. One of its advantages has been it cloud computing platform which…
Looking from the far north of Europe, to the south, the Swedes see progress on a Greek bailout, one which almost on one else see. If, from the vantage point, so far from most…
Flickr, Images of MoneyMany Americans still are holding off on buying homes in some of the country’s most expensive cities. While home prices fell 23% on average in the largest cities since the housing…
This has been said before, but it is worth saying again. The idea that Congress needs to pass a bill to keep members of Congress and their staffs from insider trading is the reason Americans…
During German Chancellor Angela Merkel’s visit to China, the prime minister of the People’s Republic, Wen Jiabao, said his country might invest money in the European Financial Stability Facility and the European Stability Mechanism…
nationsonline.orgThe head of Dow Chemical (NYSE: DOW) says Germany and France are in recession. CEO Andrew Liveris is not an economist, but the massive company he runs does do business all over the world. An…
Now that Facebook has released its S-1 in preparation for its initial public offering, the debate over the worth of the social network firm has become heated again. The range of values runs from…
The U.S. indicts Swiss bank Wegelin on tax evasion charges. (Reuters) Fed president Richard Fisher says there is no need for QE3. (Reuters) Panasonic posts a quarterly loss of $2.6 billion. (Reuters) Martha Stewart…
President Obama will try to accelerate the opening of a number of East Coast wind farm locations. He has made it clear that the US must depend less on imported energy and fossil fuels.…
Dow Chemical CEO Andrew Liveris says Germany and France are in a recession. His company does do quite a bit of business in the countries, but he is not an economist. Liveris’s comments appear to contradict unemployment…
Facebook’s %4 billion IPO is not the only thing about the firm which has caught the public’s eye. According to a new Pew study, Facebook members are generous. They help their friends more than…
China’s PetroChina, its largest oil company, says it will buy a 20 percent stake in a shale gas project in Canada from Royal Dutch Shell Plc for an estimated $1 billion. The Canadian government…
The National Institute of Economic and Social Research reports that the UK is in a recession, and GDP will fall .1% this year The controlling government continues to be faced with the issue of…
There is more evidence that Apple’s (NASDAQ: AAPL) iPhone has continues to gain share in the US. Comscore data show that iPhone hard market share grew by 2.2% from the Quarter which ended in December.…
It is getting rough in the corners at the Fed. More of the central bank’s members are acknowleging that they believe recent forecasts which extend well into 2014 cannot possibly be realistic. No one…
There has been enough nonsense published about Facebook in the last few days to go to the Moon and back again a hundreds times. Here’s some more, from online research firm HitWise 1. Facebook.com…
Gallup released new data on January unemployment. The data confirms a weak jobs market in January. Challenger Gray reported that layoffs rose in January (employers announced 53,486 planned job cuts last month, up 28 percent…