Media Digest (7/25/2011) Reuters, WSJ, NYT, FT, Bloomberg
Congress and the White House have made little progress on the debt talks (Reuters) The U.S. has come perilously close to a cut of its debt to Aa (Reuters) Moody’s warned that a Greek…
All Work
Douglas A. McIntyre
Clock Is Ticking Down With No Debt-Ceiling Accord
“We have now run out of time,” the president declared on Friday. Up to now, the financial markets have remained remarkably sanguine, sharing the widely-held assumption that for the United States to default on…
Stunning: Petrobras Spending $224.7 Billion on Offshore Oil (PBR, NE, DO, RIG, HAL, BHI, SLB)
Brazil’s Petroleo Brasileiro SA (NYSE: PBR), commonly called Petrobras, has approved a plan it announced last September to spend $224.7 billion developing an estimated 5 billion barrels of reserves. The spending, which will happen…
Ten States That Added The Most Jobs In The First Half
Ten states added over 25,000 jobs each in the period from January to June 2011. The list was topped by Texas, which added over 117,000. Among the ten, the total net job addition was…
AMD Soars: Will a New CEO Help or Hurt? (AMD)
Ever since Advanced Micro Devices, Inc. (NYSE: AMD) forced out former CEO Dirk Meyer in January it has been hunting fruitlessly for a new leader. Several candidates are reported to have rejected an approach…
US Electricity Grid Gets a Boost (GE, ABB, SI, AMSC, SATC, PWER)
More than a year ago the Federal Energy Regulatory Commission issued a proposed rule for planning and paying for upgrades to the national electricity grid. The agency released its final rule yesterday on how…
Mutual Funds Withdrawals Continue (FAIRX, FMAGX, AGTHX, EILVX)
Throughout July stock mutual fund capital outflows have continued the pattern established in June, when $18 billion in outflows was logged. Worries over Europe’s debt troubles and the threat of a US debt default…
Is Silver Heading for $100? (SLV, SIVR, DBS, SIL)
Since posting a high over $49.50 in late April, silver has been treading water at around $35/ounce. But there are several analysts who believe that the devil’s metal is looking good for another breakout…
Top Active Trader Alert Stocks (HEAT, SIFY, SNDK)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of SmartHeat Inc (NASDAQ: HEAT), Sify Technologies Limited (NASDAQ: SIFY), and Sandisk Corporation (NASDAQ: SNDK).…
The Twitter-24/7 Wall St. Market Report (7/22/2011) GE, McDonald’s, Caterpillar
This is the Twitter-24/7 Wall St. market report for July 22, 2011. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Today’s Best Market Rumors (7/22/2011) Apple Picks Hulu?
Updated throughout the day. Apple (NASDAQ: AAPL) may enter the bidding for Hulu (WSJ) Obama and Boehner have had secret meetings to settle the budget crisis (NYT) Douglas A. McIntyre
GE’s Earnings: Large Divisions Snap Back
GE (NYSE: GE) rode the strength of its largest divisions to an unexpectedly strong quarter. Revenue at it huge energy infrastructure business rose 9% to $10.4 billion. Revenue from the firm’s aviation operations rose…
Nokia Should Sell NAVTEQ
NokiaWhy does troubled handset company Nokia (NYSE: NOK) own NAVTEQ, which is a map and traffic software company? The unit competes with several powerful rivals, including Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG), and a…
A Greek Bailout Without A Recovery Plan
Buried in the documents that cover the Greek bailout are inexact plans to get the economy of the southern European nation back on track. The success of the rescue depends in large part on…
Fiat Steals Chrysler From America
Chrysler is no longer an American-controlled company. Fiat bought the last stake owned by the U.S. government and now has 53% of the equity in the No.3 U.S. car firm. Taxpayers did not do…
A Sickening Dip In Economic Confidence
Americans have begun to lose confidence in the economy again. Gallup data shows the figure is back to the level of March 2009 — three months before the last recession ended. The federal government…
Media Digest (7/22/2011) Reuters, WSJ, NYT, FT, Bloomberg
Microsoft (NASDAQ: MSFT) posted strong results, but Windows revenue may continue to drop as PC sales fade (Reuters) The Justice Department will look into whether the advertising operations of News Corp (NYSE: NWS) hacked…
The Most Shocking Costs When You Can’t Sell Your Home
The U.S. housing recession is so deep that an average home takes nearly a year to sell. In the hardest hit areas, it can take several years. Just ask residents of Detroit, Nevada, and…
Women Control 3/4 of America’s Wealth
Women control about $19 trillion of wealth, including earned and inherited assets, which accounts for more than three-quarters of our nationʼs financial resources. The vast majority of women must handle their own finances at…
Federal Agency Reports Rise in House Prices
Conflicting signals from the US housing market are nothing new. For every forecast that the situation is improving, there is at least one competing forecast that things are getting worse. Today we get some…