Consumer Spending Plunges In August
Consumers have lost faith in the recovery to the extent to which they are unwilling to spend money. There is no evidence that joblessness has risen in the last six weeks, or that wages…
All Work
Douglas A. McIntyre
Top Active Trader Alert Stocks (LDK, NOK, NVDA, URBN)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of LDK Solar Co. Ltd. (NYSE: LDK), Nokia Corporation (NYSE: NOK), NVIDIA Corporation (NASDAQ:…
The Twitter-24/7 Wall St. Market Report (9/7/2011) Saab Closes, Yahoo! Fires
USA Today: Saab files for bankruptcy, makes last stand NYT: U.S. Slides, Singapore Rises in Competitiveness Survey NYT: Saab Files for Bankruptcy Protection Bloomberg: HSBC to Cut 3,000 Jobs in Hong Kong Yahoo! Finance:…
Today’s Best Market Rumors (9/7/2011) Google Investigation, AT&T Bid
Updated throughout the day Google’s (NASDAQ: GOOG) offices in South Korea were invaded by government officials (Reuters) AT&T (NYSE: T) may be able to lower its offer for T-Mobile if regulators force divestiture of…
Global Cybercrime Costs $114 Billion a Year
Consumers and corporations may want to turn off their PCs and return to the days when all transactions were done with paper and cash. “For the first time a Norton study calculates the cost…
Austerity Strikes Reach Italy
The labor stoppages and strikes that have hit Greece and other southern EU nations, the results of austerity measures adopted by national governments, have reached Italy. It is another sign that citizens in these…
Bank of America Reorganizes — to What End?
Bank of America (NYSE: BAC) has announced another management reorganization that seems to do nothing to solve the bank’s balance sheet and legal problems. That makes the new structure useless. Tom Montag becomes a…
Media Digest (9/7/2011) Reuters, WSJ, NYTimes, FT
Yahoo! (NASDAQ: YHOO) CEO Carol Bartz fired over the phone. (Reuters) Obama may propose a $300 billion employment package with tax cuts and new expenditures to train workers. (Reuters) Pressure increases on Italy to…
America’s Worst Directors: Roy Bostock of Yahoo!
Roy J. Bostock has made more mistakes than any media company chairman in recent memory. His latest misstep was to fire CEO Carol Bartz over the phone, and forgetting to block her ability to…
How The Seven Biggest Presidential Speeches On The Economy Failed
President Barack Obama will give a speech before a joint session of Congress this week, in which he will lay out a job creation plan. There have been only seven speeches about economic and…
Sprint Piles In (T, DTEGY, S, VZ, VOD, LEAP, PCS)
Not even a week after the US Department of Justice filed a complaint to block the proposed $39 billion merger of AT&T (NYSE: T) and the T-Mobile USA division of Deutsche Telekom AG (OTC:…
Coffee Prices Set to Fall (SBUX, MCD, GMCR, DNKN, KFT, SJM, KKD)
ThinkstockCoffee prices rose steadily from July 2010 to March 2011, before dipping a little, and then climbing back to a price of more than $3/pound. The price today is about $2.80/pound and there’s some…
Top Active Trader Alert Stocks (AAPL. NOK, STP, WAL)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Apple, Inc. (NASDAQ: AAPL), Nokia Corporation (NYSE: NOK), Suntech Power Holdings (NYSE: STP), and Walgreen…
Today’s Best Market Rumors (9/6/2011) Robo-Signing
Updated throughout the day US banks were offered a settlement which would cost them billions of dollars to end robo-signing suits by states (FT) Nine Entertainment TV will have its debt refinanced by equity…
Media Digest (9/6/2011) Reuters, WSJ, NY Times, FT, Bloomberg
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT) Lockheed Martin (NYSE: LMT) will try…
DAX Plunges More Than Other Exchanges
The German DAX index is down 20% over the past three months, which is almost half again more than the FTSE, French CAC 40, or S&P 500. There is no single reason for this,…
Why an Infrastructure Jobs Bank Won’t Work
One of the core proposals President Obama will make to Congress this week is the creation of an infrastructure bank that will provide funds to repair tens of thousands of miles of U.S. roads…
The Eight Cities Where Minorities Are Now in the Majority
The ethnic landscape of America’s cities has changed dramatically in the past decade. Populations of 22 of the 100 largest cities now have minority groups that together are in the majority. Of course, the…
California’s Desperate Jobs Market And Worse: All Unemployment Is Local
The California jobs market is as bad as it has been for six decades. But, its plight is better than that of many smaller regions, as measured by both unemployment and housing. One problem…
Bank Of America May Open Down 10% Tomorrow
It is Bank of America’s (NYSE: BAC) turn to sell off 10%. Deutsche Bank dropped 8.9% in trading today. Royal Bank of Scotland fell 12.3%, and Societe Generale 8.6%. The reasons for the panic…