The News Corp Witch Hunt
The mainstream coverage of the News of the World scandal has begun to look like the publication’s own coverage of celebrities, sensational crimes, pictorials of nearly naked ladies, and any other tawdry content that…
All Work
Douglas A. McIntyre
An Ombudsman For Credit Rating Agencies
The president of Portugal recently said that credit ratings agencies have too much power. The agencies’ comments have thrown Europe’s financial health into question, particularly the ability of Greece, Portugal and Ireland to honor…
States Running Out Of Blue-Collar Jobs
The size of the American blue-collar workforce continued to decline in the last decade. Between 2000 and 2010, the economy lost roughly 4 million blue-collar jobs, according to data from the Bureau of Labor…
Portugal, Spain, Italy Debt Sales Reach Panic Levels
The panic that EU default trouble could move beyond Greece to the sovereign paper of Portugal, Spain, and even Italy grew today. News reports say that some EU officials now think a bailout of…
Media Digest (7/11/2011) Reuters, WSJ, NYT, FT, Bloomberg
The prime minister of China says inflation is the government’s first priority and that the central bank there may tighten monetary policy again (Reuters) EU financial ministers and central bankers will meet about problems…
Contagion Surges Toward Italy
Perhaps all of the weakest nations economically in the EU will suffer because the Greek situation cannot be rectified. Perhaps that means there will be no public sector/private sector precedent if Ireland and Portugal…
China Trade Surplus Surges, Economy May Be Stable
China’s General Administration of Customs said the nation’s trade surplus rose to $22.3 billion in June from $13.1 billion in May. Exports reached $162 billion, up 17.9% over the same month last year. Imports climbed at…
China Inflation Rates Reach Three-Year High–Global Price Pressure Grows
World food prices reached close to record levels last month, according to the UN Food and Agriculture Organization. They will probably remain high throughout the next year. Low crop production and an increase in…
June Unemployment And The Last Shuttle
Three hours after a dismal jobs report the shuttle Atlantis made the last of 135 flights by the American fleet of orbiters, which extends back to 1981. Atlantis took with it 23,000 lost jobs…
Week’s Market Losers: JC Penney, Schwab, News Corp And More
News Corp (NYSE: NWSA) share dropped 3.5% as the company faced a large bribery and phone hack scandal in the UK and closed it New of the World paper. The stock was down more…
Week’s 10 Market Winners: Urban Outfitters, Netflix, And More
In a week in which retail sales took a backseat only to jobs reports, Urban Outfitters (NASDAQ: URBN) moved higher by 12.7% as Morgan Stanley said the stock was undervalued. Netflix (NASDAQ: NFLX) continued…
Alt Energy Watch: Senators Reach Deal on Ethanol Subsidies (ADM, VLO, PEIX, GPRE, CZZ, RDS-A)
The writing has been on the wall for about three weeks: the $0.45/gallon ethanol subsidy and the $0.54/gallon tariff on imports are politically dead. Another nail got hammered into the coffin yesterday as U.S.…
Top Active Trader Alert Stocks (AMLN, ASML, IXIA)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of AmyLin Pharmaceuticals (NASDAQ: AMLN), ASML Holding N.V. (ASML), and Ixia (NASDAQ: IXIA). AmyLin Pharmaceuticals…
Apple’s 14.9 Billion Unused App Downloads
Apple (NASDAQ: AAPL) said it has reached the milestone of 15 billion app downloads from its App Store. The store now has a total of 425,000 applications for iPhones and iPads. Most of the…
Oil Sneaks Back To $100
August oil futures quoted on NYMEX moved just shy of $100 this week. That number was $90 in late June. No amount of crude released from strategic oil reserves or a belief that demand…
Twitter Worth $8 Billion–Why Not?
In the shadow of Groupon’s IPO plans, the pubic offering of LinkedIn, and estimated valuations for Facebook that go as high as $100 billion, Twitter raised $400 million under terms that set its value…
Media Digest (7/8/2011) Reuters, WSJ, NYT, FT, Bloomberg
JP Morgan (NYSE: JPM) may become the largest lender in the U.S. soon (Reuters) Jobs numbers may show that the economy has finally turned the corner (Reuters) Fitch downgraded Minnesota from AAA as its…
The Seven States Where White Collar Jobs Are Disappearing
The recession has driven home the fact that not all jobs are created equal. Blue-collar and minimum wage jobs, such as construction and retail, have been hit hard. Young people therefore have been more…
Top Active Trader Alert Stocks (AFFX, APAC, ASML)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Affymetrix, Inc. (NASDAQ: AFFX), APAC Customer Services, Inc. (NASDAQ: APAC), and ASML Holding, N.V.…
The Twitter-24/7 Wall St. Market Report (7/7/2011) Pfizer M&A, ADP, Jobless Claims
This is the Twitter-24/7 Wall St. market report for July 7, 2011.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?