Updated throughout the day. Apple (NASDAQ: AAPL) supplier Foxconn will use up to one million robots for manufacturing by 2013 (Reuters) Lansdowne Partners sold an $850 million stake in Goldman Sachs (NYSE: GS) as…
The recession is supposed to be over, or at least the part during which joblessness grew. HSBC (NYSE: HBC) offered another example that is not the case. It will cut 30,000 people over the…
“Read my lips: no new taxes”–George H. W. Bush at the 1988 Republican National Convention The final budget bill crafted to allow an increase in the debt cap will be shy one thing: There…
GM (NYSE: GM) was supposed to be one of the largest beneficiaries of the recovery of the US car market. It had been through a bankruptcy with federal government aid which helped it substantially…
The world’s population is likely to reach 10.1 billion people by the end of the century up from 7 billion this year. It will reach 9.3 billion along the way–probably in 2050. There is…
A debt deal agreed to by both parties will be voted on today (Reuters) The debt deal is likely to cause a sharp improvement in stock prices (Reuters) Hackers said they hit a cyber…
As the epic conflict over the debt ceiling draws on, President Obama is besieged by denunciations from the right while fielding a blitz of disapproval from the angry left. The Democrats feel betrayed by…
Merck (NYSE: MRK) released an unusual earnings announcement. It is profitable, has a bright future, and will fire about 13,000 people. These employees can leave with the knowledge that they have helped the big…
As the disagreement on the US debt ceiling turns into a debacle, gold posted a new high near $1,635/ounce this morning before pulling back to trade at around $1,624 late in the afternoon. Silver…
It’s no secret that U.S. retail sales collapsed in 2008 and 2009 because of the recession. But several of the largest retailers consistently performed poorly between 2005 and 2010 for reasons that go beyond…
In the absence of an agreement on a new US debt ceiling, the US government will stop paying its bills on Tuesday, August 4th, and, just like the rest of us, when that payment…
Today’s news on GDP shows the double dip has arrived–an expansion of only 1.3% and consumer spending up .1% in the second quarter. Astonishingly low by any account.. The debt ceiling trouble and lack…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Allied Health Care International, Inc. (NASDAQ: AHCI), VistaPrint NV (NASDAQ: VPRT), and Yahoo! Inc.…
Most newspapers, TV stations, and websites did stories about the fastest growing cities when the Census put out its list of municipal population size for 2010. The media compared these to 2000 figures. The…
Starbucks (NASDAQ: SBUX) made one thing clear when it reported earnings. It will depend on affluent consumers to continue its success, which at this point is unquestionable. The slowing economy may not make the…
While the eyes of the financial world are fixed on the U.S. budget debate and refinancing of Greece, Moody’s has put Spain’s sovereign debt on credit watch and the country set new elections. The…
The juggernaut that is Apple (NASDAQ: AAPL) iPhone sales grows more powerful each day. New data show that Apple thrashed its smartphone competitors in the second quarter and may have become the largest smartphone…
Plans for a budget vote by Republicans in the House fell apart (Reuters) Moody’s threatened to downgrade Spain (Reuters) BSkyB will have a $1.6 billion share buyback (Reuters) S&P said the U.S. should cut…
Verizon Wireless is owned 55% by Verizon (NYSE: VZ) and 45% by UK-based Vodafone (NYSE: VOD). Yesterday, the cellular service provider said it would pay a dividend of $10 billion next year. The size…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Akamai Technologies, Inc. (NASDAQ: AKAM), ASML Holding N.V. (NASDAQ: ASML), Endocyte, Inc. (NASDAQ: ECYT),…