Worry About Unemployment Surges
Americans can see the writing on the wall. The economy is no longer creating new jobs. August unemployment was flat. Private sector job additions have slowed to a few thousand a month. These factors…
All Work
Douglas A. McIntyre
Media Digest (9/15/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
UBS (NYSE: UBS) trader loses $2 billion in unapproved trades. (Reuters) The head of the World Bank says the global economy has entered a danger zone. (Reuters) General Motors (NYSE: GM) and Chrysler extend…
America’s Poorest States
The U.S. Census Bureau released two pieces of widely followed data yesterday — one on poverty and the other on median income for 2010. The most interesting findings in this release were the state-by-state…
Top Active Trader Alert Stocks (DELL, ORCL, JAKK, JWN, YHOO)
Active traders and day traders have many stocks to choose from this Wednsesday morning. We are tracking news and moves in shares of Dell, Inc. (NASDAQ: DELL), Oracle Corporation (NASDAQ: ORCL), JAKKS Pacific, Inc. (NASDAQ: JAKK), Nordstrom, Inc.…
The Twitter-24/7 Wall St. Market Report (9/14/2011) Retail Sales Unchanged
MSNBC: Retail sales, wholesale inflation unchanged in August Bloomberg: ECB lends dollars to European banks | CNNMoney: Retail sales unchanged in August, the government says. Weakness in auto sales counters higher grocery sales. CNBC:…
A Case for the Ouster of Best Buy’s CEO
Best Buy needs new leadership. The current CEO, Brian J. Dunn, has had his chance to turn the company around. Nearly every news report about Best Buy’s (NYSE: BBY) poor earnings carried the same…
U.S. Income: The Lost Decade Just Ended and the One About to Begin
Several economists have described the past 10 years of the U.S. economy as a “lost decade” for the middle and lower classes. Very little has been said about the decade ahead, which is on…
EU Credit Crisis Becomes Terminal as Moody’s Downgrades Credit Agricole and Societe Generale
Moody’s downgraded Credit Agricole and Societe Generale, which signals that the Greek credit crisis is nearly over. The agency did not say as much, but based on comments from some European officials and global…
Media Digest (9/14/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Moody’s cuts ratings of France’s Credit Agricole and Societe Generale as Greek debt trouble spreads. (Reuters) Federal Reserve may try to help the economy with more bond purchases. (Reuters) Yahoo! (NASDAQ: YHOO) board will…
The 12 Major League Sports Teams Running Out Of Fans
Sports teams often go through sharp swings in popularity. Attendance rises and falls. This frequently has to do with how well a team performs. When teams do well, people outside of their primary fan…
Top Active Trader Alert Stocks (BBY, MU, SODA)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Best Buy Co., Inc. (NASDAQ: BBY), Micron Techonologies (NASDAQ: MU), and Sodastream International Limited…
Today’s Best Market Rumors (9/13/2011) China May Buy Italy’s Bonds, Google Offers Struggles
Updated throughout the day. Google (NASDAQ: GOOG) Offers has little success against Groupon and LivingSocial. (Reuters) Angela Merkel may let Greece default rather than risk being thrown out of office. (NYT) China may be…
Facebook Murders All Internet Properties in Time Online
The Nielsen report on social media use is not a day old, and the press has covered it extensively. But, there is still some analysis worth mentioning. It is too early to know how…
The New York Times in Trouble — Again
The stock price of the New York Times (NYSE: NYT) has dropped to a two-year low, a sign that investors no longer consider a newspaper industry turnaround — particularly at the Times — likely.…
Bank of America’s Next CEO
Bank of America (NYSE: BAC) will need a new CEO soon, if the market’s reaction to the current plans of chief executive Brian Moynihan remains poor. Moynihan has said he will cut 30,000 jobs…
Media Digest (9/13/2011) Reuters, WSJ, NYTimes, Bloomberg
John Chambers of Cisco (NASDAQ: CSCO) to preside over the company’s analyst meeting, perhaps for the last time. (Reuters) Merkel says the euro has no orderly method for a default. (Reuters) The Nintendo 3DS…
What The Double Dip Recession Will Look Like In 2011
A Gallup poll taken last month showed that confidence in the economy has fallen to its lowest level since March 2009, which was near the low point of The Great Recession. A growing and…
Top Active Trader Alert Stocks (BIDU, JPM, NETL, RIMM, WFC)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Baidu.com, Inc. (NASDAQ: BIDU), JPMorgan Chase & Co. (NYSE: JPM), Netlogic Microsystems, Inc. (NASDAQ:…
The Twitter-24/7 Wall St. Market Report (9/12/2011) Nuclear Plant Explosion In France
BBC: Unions call for Saab bankruptcy MarketWatch: Explosion at France nuclear facility kills 1, injures 3, raises risk of leak: report NYT: Explosion at Nuclear Plant in Southern France CNBC: Greek workers threatened on…
Today’s Best Market Rumors (9/12/2011) Amazon Library
Updated throughout the day. Amazon.com (NASDAQ: AMZN) will create a digital library (WSJ) Verizon (NYSE: VZ) will not longer pay a recurring dividend to Vodafone (NYSE: VOD) based on co-ownership of Verizon Wireless (FT)…