Apple May Build 4G iPhone Soon, Dominate New Market
Apple (NASDAQ: AAPL) may be in the midst of the development of a 4G iPhone. It is not clear when the product will be released, but if it is in the next few months,…
All Work
Douglas A. McIntyre
Nine Signs That a New Global Recession Has Arrived
Economists and policy makers in large countries and organizations like the International Monetary Fund and World Bank have expressed concern that the world has entered a global recession barely a year after the deep…
Media Digest (8/22/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
The Federal Reserve to make a modest number of steps to keep the economy moving higher. (Reuters) Wall St. layoffs, already begun, will hurt morale as the industry tries to recover. (Reuters) As Hewlett-Packard…
JC Penney: Ackman’s Mistake
William Ackman’s Pershing Square Capital Management has dumped more money into J.C. Penney. It is a mistake, unless he has some undisclosed plan to mine assets which are not obvious or break the retail…
Martha Strewart Living Omnivision Shares Tank
Martha Stewart Living Omnivision (NYSE: MSO) retained Blackstone on May 25 to find potential investment partners and explore other opportunities. The announcement was widely viewed as the start of a process to sell the…
Cities Where Americans Can’t Get To Work
There are over 7.5 million households in the U.S. in which the residents do not own an automobile. Of course, these homes rely on public transportation to commute to work, schools and shopping. Yet,…
Four States Account For Over 75,000 Lost Jobs In July
Among four states, the economy lost over 75,000 jobs last month compared to June. The BLS reported that “Over-the-month statistically significant declines in employment occurred in Illinois (-24,900), Florida (-22,100), Minnesota (-19,800), and Indiana…
The Twitter-24/7 Wall St. Market Report (8/19/2011) Bank Of America Lay-Offs
Updated throughout the day Zerohedge: Fed’s Dudley Predicts Stronger Growth in Second Half of 2011. And JPM predicts 0.5% GDP in Q1 2012 USA Today: Reports: Bank of America cutting 10,000 or more jobs…
Bank of American Job Cuts May Reach 10,000 as Industry Reels
A memo from Bank of America CEO Brian Moynihan (NYSE: BAC) says that the financial firm will cut 3,500 jobs this quarter. Further restructuring could push that number as high as 10,000. Analysts have forecast…
Cars Sales Expected to Plunge
Auto sales now are expected to be well below estimates made earlier this year. They seemed to have recovered in the first half from the sickeningly low rates of 2008 and 2009. But that…
Job Markets: The Trends of 2010 Continue
Unemployment is not a national problem. It is a regional one. The jobs troubles have been in regions hardest hit by the collapse in real estate prices and layoffs in the older industrial states.…
Barnes & Noble Loses Its Buyer, Left at the Altar
Barnes & Noble (NYSE: BKS) lost its buyer. Liberty Media will invest $204 million in the book reseller, although it is hard to understand why the company needs the capital, based on its balance…
Media Digest (8/19/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Hewlett-Packard (NYSE: HPQ) may spin off its PC business because it bought enterprise software firm Autonomy for $10.3 billion. (Reuters) News Corp. (NASDAQ: NWS) begins to prepare for the possibility that James Murdoch may…
The Eight Ways The Market Collapse Will Cripple Your Finances
Those who don’t invest in the stock market would like to pretend stock market crashes don’t concern them, but the truth is that they do. It’s not only those who actively trade who lose…
Market Collapse! Does The Apocalypse Start Here ?
A 4% collapse of the markets today pushed the DJIA under 11,000 for the second time in two weeks. The market sentiment now is such that the index may be under that benchmark for…
The Twitter-24/7 Wall St. Market Report (8/18/2011) Jobless Claims, Consumer Prices
Yahoo! Finance: Jobless claims rise 9,000 last week http://t.co/DBRhnIM #economy Reuters: Consumer prices rise in July Reuters: Jobless claims rise 9,000 last week Zerohedge: More Jobless Stagflation: CPI +0.5% On Expectations Of 0.2%, Jobless…
Morgan Stanley Downgrades the World
Morgan Stanley (NYSE: MS) has decided to officially acknowledge what most economists and educated people around the world already know. The global economy has begun to grind to a halt and will only be…
An Electric Cadillac No One Will Drive
General Motors (NYSE: GM) will build a Cadillac fueled by electricity. And it will be added to a long line of new electric-powered models that are unlikely to have many buyers. The world’s largest…
The Presidency Gets Downgraded on the Economy
President Obama’s approval rating on his handling of the economy has hit an all-time low. It is likely it would not matter who was president when it comes to how this near-recession is viewed.…
Media Digest (8/18/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Hewlett-Packard’s (NYSE: HPQ) new CEO faces investors concerned about its prospects. (Reuters) U.S. box office sales near records despite the slowdown. (Reuters) Lenovo posts strong earnings in spite of troubles with global PC sales.…