The highest rate in almost 30 years, nearly one and six Americans lived in poverty last year, according to recently released data from the U.S. Census Bureau. Many states choose to combat poverty rates…
Moody’s cut its rating of Italy for the same reason that credit rating agencies have dropped their opinions about the financial viability of other nations in the EU. Italy, along with Portugal, Greece, and…
U.S. retailers hired more than 627,000 seasonal workers during the October-December 2010 holiday season, a welcome boost from the mere 231,000 seasonal workers put on in 2008. Prospects for 2011 seasonal hiring are not…
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of AMR Corporation (NASDAQ: AMR), Morgan Stanley (NYSE: MS), UBS (NYSE: UBS), and Yahoo! Inc…
Updated throughout the day. Google’s (NASDAQ: GOOG) YouTube will offer channels with professionals athletes and other personalities (WSJ) Sprint-Nextel (NYSE: S) will have an exclusive to sell the Apple (NASDAQ: AAPL) iPhone 5 Douglas…
Experts at Goldman Sachs (NYSE: GS) believe that France and Germany will slip into recession. That would seal the fate of Greece more than all the battles and maneuvers among powers at the ECB,…
Several analysts who track consumer electronics sales say that sales of the Amazon.com (NASDAQ: AMZN) Kindle Fire are already into the hundreds of thousands. The 7-inch tablet may not be the flagship of the…
AMRSome companies that are rumored to file for Chapter 11 do not. That appears to be the case with Eastman Kodak (NYSE: EK) and AMR (NYSE: AMR), parent of American Airlines. But that did…
Starbucks (NASDAQ: SBUX) CEO Howard Schultz has been in the cause de jour business for the past several months. It does not seem to do much for the causes, but it could hurt the…
World stock markets hit 15-month lows. (Reuters) Apple (NASDAQ: AAPL) to launch the iPhone 5 as competition grows from Google’s (NASDAQ: GOOG) Android. (Reuters) China warns of a trade war if Congress passes a…
Judging from the net worths of the nine leading Republican presidential nominees, politicians need to be wealthy to run for high office. By most Americans’ standards, all nine are considered rich. The wealthiest candidate,…
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Alcatel-Lucent (NYSE: ALU), US Airways Group, LLC. (NYSE: LCC), Sangamo Biosciences Ltd. (NASDAQ: SGMO),…
Updated throughout the day Citigroup (NYSE: C) may replace key Japanese executives after regulatory problems (WSJ) Yahoo! (NASDAQ: YHOO) has started to look for a CEO (WSJ) Douglas A. McIntyre
The U.S. economy cannot grow with the double burdens of an ongoing drop in home prices and unemployment that may hover above 8% for another two years. One or the other circumstance has to…
Senator Chuck Schumer of New York is one of the champions of legislation to force China to consider how it values the yuan. Schumer sides with economists who say that China’s currency manipulation has…
Recently, each time Greece presents a new budget to the International Monetary Fund, EU and European Central Bank, it misses it target for debt reduction. This happened again yesterday. The Greek Finance Ministry reported…
The only way to fix the U.S. economy may be massive debt reductions for individuals and governments. (Reuters) Greece misses GDP targets. (Reuters) Intel (NASDAQ: INTC) buys mobile navigation company Telmap. (Reuters) Alibaba’s CEO…
Greece missed budget targets set just this last May. According to several media reports, The draft budget calls for a deficit of 8.5% of Greece’s gross domestic product in 2011, falling short of a…
S&P 500 YTD TOP 10 (31Dec10 – 29Sep11) Ticker YTD Price Change (%) Close Price 29Sep11 Close Price 31Dec10 Market Cap($Mil) Short Interest as % of Shares Cabot Oil & Gas Corp COG 69.4…
Amazon.com (NASDAQ: AMZN) makes no money on its new Kindle Fire tablet PC. That may be a sign that it will seek to take market share from Apple (NASDAQ: AAPL) and hope that content…