Wall St. Protests Should Move to Washington
ChartA number of people think that the protests on Wall St. do not belong there. The real problem is in Washington, they say, where financial CEO pay could be regulated and jobs for a…
All Work
Douglas A. McIntyre
Greeks Hit the Streets by the Thousands
A number of Greeks have decided, perhaps correctly, that if they threaten to put their own economy into ruins the government will relent on its austerity policies. New protests have started to do a…
Media Digest (10/19/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Moody’s downgrade of Spain puts more pressure on the EU to address its sovereign debt crisis. (Reuters) Several large shareholders may fight to oust part of the News Corp. (NYSE: NWS) board. (Reuters) Apple…
Moody’s Hammers Spain
The trading day in America began with worry about a possible downgrade of France’s Aaa rating. Word that France and Germany had agreed to a bailout structure for trouble EU nations pushed markets higher…
The Twitter-24/7 Wall St. Market Report (10/18/2011) Goldman Earnings, US .8% PPI
Zerohedge: Corporate Margin Squeeze Coming As Producer Prices Soar 0.8% On Expectations Of 0.2% WSJ: U.S. wholesale prices rose across the board in September, up 0.8%. Excluding food and energy, prices rose 0.2%. FT:…
China Drives Away Investors on Hard Landing Concern
If there is any single signal that China may be in for a hard economic landing, it is the performance of the local stock markets on the mainland and in Hong Kong. China announced GDP…
Inflation Breaks Out in the UK
So, a recession can be married with a rapid rise in inflation after all. The UK economy, crippled by the effects of austerity and a global economic slowdown, had an annual inflation rate of 5.2% in…
The Most Innovative Cities in America
Six American cities are among the most innovative in the world, according to a report published Monday by 2ThinkNow, an innovation research firm. The US has the most cities considered top-tier innovators. The report catalogs…
Media Digest (10/18/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
China’s GDP growth decelerates to 9.1%. (Reuters) Concern about China growth and the EU disaster push global stocks lower. (Reuters) Federal Reserve officials argue about the future rate of inflation. (Reuters) IBM (NYSE: IBM)…
BP’s Miraculous Escape From Deepwater Horizon
Lost to some who saw the announcement that BP (NYSE: BP) had settled claims with Anadarko (NYSE: APC) over the Deepwater Horizon explosion and subsequent leak was the fact that the UK-based oil giant will no longer have…
German Economic Sentiment Craters
The ZEW Indicator of Economic Sentiment for Germany has decreased by 5.0 points in October 2011. This is the eighth decline in a row. The indicator now stands at minus 48.3 points.…
Market Collapse Around The World On China And EU Fears
China’s slower 9.1% GDP growth and German comments which lowered expectations about an EU bailout drove stocks around the world much lower Hong Kong’s Hang Seng closed down 4.2%. The Shanghai Composite was lower…
Moody’s May Downgrade France
Moody’s said its opinion of France’s financial situation is fine–for now. France keeps it Aaa rating with a stable outlook. But, “The deterioration in debt metrics and the potential for further contingent liabilities to emerge…
Noose Tightens Around Newspapers, Magazines (TWX, GCI, NYT)
Newspaper companies are in deep trouble again, and it is not because of the economy exclusively. Ad dollars have moved to online media fast enough so the slide in newspaper revenues is permanent. Gannett…
The Twitter-24/7 Wall St. Market Report (10/17/2011) Citi Earnings, Lowe’s Layoffs
Zerohedge: Empire Fed Manufacturing Misses Expectations; Hopium Ends As Future Conditions Index Lowest Since February 2009 http://www.zerohedge.com/node/439229 MSNBC: Citigroup’s net income jumps 73 percent http://on.msnbc.com/qpgJkt MarketWatch: Empire State regional factories index stays in negative…
Today’s Best Market Rumors (10/17/2011) Dell M&A, Air France CEO
Updated throughout the day. The board of Air France will meet to fire the carrier’s CEO (WSJ) Dell (NASDAQ: DELL) may target Citrix (NASDAQ: CTSX) and Informatica (NASDAQ: INFA) (Bloomberg) Douglas A. McIntyre
Occupy Wall Street Protests: The Million Message March
The Martin Luther King, Jr., memorial was dedicated in Washington about the time that the Occupy Wall Street movement grew in southern Manhattan and elsewhere. It was a reminder of how effective public protests…
Another Weekend of Mass Layoffs
Challenger, Gray said planned layoffs announced in September were up more than 200% from a year earlier to 115,000. That figure appears to be on the rise, and the latest layoffs, or corporate plans…
Banks Ready to Kill Greek Bailout
Several large banks, with Deutsche Bank (NYSE: DB) in the lead, are prepared to kill a bailout of Greece. Well-known DB chief Josef Ackermann says new plans to have banks take a greater burden…
Obesity Drags on the Economy
ChartObese people do not just risk their own health; their health problems cripple the economy. GDP would be given a boost if the number of fat people fell sharply. The Obama administration has not…