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…
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…
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…
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…
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…
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.…
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 (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…
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…
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…
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 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…
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.…
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?
Updated throughout the day. Treasury has begun to examine alternatives to default after August 2. (Reuters) Blackstone (NYSE: BSX) will raise $16 billion for its new buy-out fund (Reuters) Apple (NASDAQ: AAPL) will launch…
It would have been hard to imagine just a year ago that Microsoft’s (NASDAQ: MSFT) growth engine would be the phone business. It has turned out that the most exciting developments at the world’s…
U.S. Labor Department data showed that, during the downturn, men lost jobs at a faster rate than women. There was never an entirely adequate explanation of the trend. Women do make only about 80%…
The press has given the joint venture between Facebook and Skype to deliver video chat a large amount of coverage. Facebook Video Calling does not offer anything new. Skype has had video links between…
Treasury officials examine ways to prevent default if an August 2 deadline to increase the debt cap is not met by Congress (Reuters) LaGarde will give a Chinese official a top job at the…
It makes sense for a car rental company to offer drivers insurance. The car does belong to the rental company. The idea that an auto manufacturer would offer free insurance makes less sense. GM…