As China Rebounds, Who Buys Its Goods?
China’s government released PMI numbers for August. The official index number was 50.9, up from an unusually modest 50.7 in July. The question the figure begs is where the manufactured goods are going? It…
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Douglas A. McIntyre
Media Digest (9/1/2011) Reuters, WSJ, FT, Bloomberg
IMF head Lagarde shows independence from Europe in many of her decisions. (Reuters) The Justice Department sues to block AT&T (NYSE: T) buyout of T-Mobile. (Reuters) Sony’s (NYSE: SNE) tablet PCs to be priced…
Seven Jobs That Will Make You Sick
Every year, people in the United States become ill as a result of occupational hazards. Workers exposed to asbestos can develop cancer. Coal miners can get black lung disease. Some of these diseases can…
The Best Paying Jobs of The Future
If you decided on a new career path today, wouldn’t you like to know which jobs will be in high demand and pay the most once you were out of school? To serve as…
Government To Kill AT&T Deal For T-Mobile, Sprint Merger Back?
It looks like Uncle Sam has taken a stand on the buyout by AT&T (NYSE: T) of T-Mobile, which is owned by Deutsche Telekom AG (OTC: DTEGY). The biggest winner might be Sprint Nextel…
Top Active Trader Alert Stocks (BIDU, DRYS, F, JOYG)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Baidu, Inc. (NASDAQ: BIDU), DryShips, Inc. (NASDAQ: DRYS), Ford Motor Company (NYSE: F),…
Nevada Wallops Bank of America With Sweeping Suit; Nationwide Foreclosure Settlement in Peril
by Paul Kiel ProPublica, Aug. 30, 2011, 5:46 p.m. This post has been updated to reflect Bank of America’s response. The state of Nevada dramatically expanded its lawsuit against Bank of America today, turning…
August Lay-Off Plans Up 47%
US employers announced plans to lay-0ff 51,144 people in August up 47% from a year ago, according to Challenger Gray The numbers may worsen because of austerity moves by government at the state, federal…
AT&T’s Jobs Gambit
AT&T (NYSE: T) has made a clever move to make its buyout of T-Mobile more attractive to government regulators. The huge telecommunications company says it will add 5,000 call-center jobs once the deal is…
Workers Shudder as Economy Fails and Pessimism Grows
If pessimism on the part of the employed population is an important indicator, then there is another sign that the U.S. economy has faltered. A new Gallup poll shows that “American workers’ concerns about…
News Corp. Back Near 52-Week High
In the battle between scandal and earnings, earnings have won so far, as shares in News Corp. (NASDAQ: NWS) have moved toward their 52-week high. The stock traded at $17.47 yesterday, against a 52-week…
The Myth of Barnes & Noble’s Success
The market was positively excited by the quarterly earnings of Barnes & Noble (NYSE: BKS). That is odd. The bookseller lost money, and its e-reader and e-book business are still being routed by Amazon.com…
Media Digest (8/31/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
An Institute for Policy Studies report says many CEOs at the 100 largest U.S. companies made more than their companies paid in taxes. (Reuters) Bank of America (NYSE: BAC) knew of a suit by…
The Ten Largest Oil Deposits in the World
Figuring out how much oil is left in the world and where it is located seems more important than ever, especially considering the political instability in many of the oil-producing countries. 24/7 Wall St.…
Are Women Better Investors Than Men?
Researchers are beginning to look at whether women invest differently from men. How are we different from men? Studies of behavioral investing have found that women invest their portfolios more conservatively. Women generally have…
Consumer Confidence Index Slaughtered
Forget about the uptick in consumer spending in July. New data from the Conference Board shows that consumer confidence was slaughtered in August, plunging to recession-level lows. It is another indication that the US…
All Top 20 US Real Estate Markets Show Year-Over-Year Declines
All 20 major US markets showed year-over-year home price declines during June. The drop was led by Minneapolis where prices fell 10.4%. Prices in Portland were off 9.6%. In Phoenix they fell 9.3%. Price…
Top Active Trader Alert Stocks (BAC, DG, EMR, LDK, NOK, PATH)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Bank of America Corporation (NYSE:BAC), Dollar General Corp. (NYSE:DG), Emerson Electric Company (NYSE:EMR), LDK Solar…
The Twitter-24/7 Wall St. Market Report (8/30/2011) Starbucks K-Cup
Zerohedge: Fed Dove Evans Open Mouth, Demands More QE, Sends Gold Soaring Bloomberg: Labor supply dwindles in China | NYT: Italy Sees Borrowing Costs Fall WSJ: Starbucks to Be Offered in K-Cups Douglas A.…
Today’s Best Market Rumors (8/30/2011) News Corp Investigation
Updated throughout the day News Corp (NYSE: NWS) has expanding an internal investigation into reporting practices at its UK papers (Reuters) Douglas A. McIntyre