The One Millionth Budget Proposal
Rep.Kevin Brady (R-TX), another representative who likes to grin in front of TV cameras as if he has all the answers to America’s financial problems, is the the Vice Chairman of The U.S. Congress’s…
All Work
Douglas A. McIntyre
Americans Turn Against Congress
Americans think that all members of Congress are carpetbaggers. At least that is what a new Gallup poll indicates. Citizens think better of the military than any other group in society. If there is…
Ten Cities That Will Take A Decade To Recover From The Recession
The Great Recession officially began in December 2007 and ended in July 2009. This doesn’t mean that the economy has returned to where it was before the steepest downturn since the Great Depression and…
After SEC Settlement With JPMorgan, Will Other Banks Pay Too?
by Jake Bernstein and Jesse Eisinger, ProPublica, June 22, 2011, 1:57 p.m.by Jake Bernstein and Jesse Eisinger, ProPublica, Dec. 22by Jake Bernstein and Jesse Eisinger, ProPublica, Aug. 26by Jesse Eisinger and Jake Bernstein, ProPublica,…
The 24/7 Wall St./Flame Index: Companies With The Most Negative Press (6/22)
Gannett will layoff 700 people which caused a torrent of negative press coverage Carnival and GM were both victims of concern about oil price changes. The Flame Index started as a research tool in…
Top Active Trader Alert Stocks (ACHN, ADBE, FFN)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Achillon Pharmaceuticals, Inc. (NASDAQ: ACHN), Adobe Systems Incorporated (NASDAQ: ADBE), and FriendFinder Network, Inc.…
The Twitter-24/7 Wall St. Market Report (6/22/2011) Qantas Air Explosion, Fedex Earnings, Tobacco Settlement
Twitter has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Today’s Best Market Rumors (6/22/2011) Hulu For Sale, New iPhone
Updated throughout the day. Premium content service Hulu is for sale (NYT, WSJ, AP) Apple (NASDAQ: AAPL) will launch a faster iPhone this September (Bloomberg) Altria (NYSE: MO) and Philip Morris (NYSE: PM) could…
Will YouTube Buy Hulu?
Google’s (NASDAQ: GOOG) YouTube may be a near-perfect owner of Hulu. Several news organizations have reported that premium video website Hulu may be for sale. It has struggled to make a profit. It runs…
Boeing Loses At Paris Air Show
AMRBoeing (NYSE: BA) will be the big loser at the Paris Air Show if announcements made so far by rivals and industry suppliers are any indication. It is also telling that shares in the…
AAA: High Gas, Low Travel
People are driving less even though the price of oil is well below $100 and the average price of regular gas, which many expected would hit $5, is now under $3.85. The AAA says…
Greece’s Papandreou: Last Man Standing In Bailout Struggle
Greek Prime Minister George Papandreou won a vote of confidence in his nation’s parliament, but his party has only a handful of representatives to give it a majority. That does not matter for now.…
Media Digest (6/22/2011) Reuters, WSJ, NYT, FT, Bloomberg
The head of PIMCO expects that Greece and other EU nations will default. (Reuters) The LulzSec group of hackers claims it will expand its attacks on private and government networks. (Reuters) The Greek government…
24/7 Wall St. Ten Brands That Will Disappear In 2012
Nokia24/7 Wall St. has created a new list of brands that will disappear, which includes Sears (NASDAQ:SHLD), Sony Pictures (NYSE:SNE), American Apparel (NYSE:APP), Nokia (NYSE:NOK), Saab, A&W All-American Foods Restaurants, Soap Opera Digest, Sony…
Commodity Watch: Iron Ore Demand Indicates Less Shipping (VALE, RIO, BHP, DSX, GNK, EXM, EGLE)
Ever since the iron ore miners forced customers to accept quarterly price changes, the price for seaborne iron ore has more than doubled. China, the largest consumer of iron ore, resisted for a while…
Spain Gets Latest IMF Caution Flag
Economists and investors have enough to worry about in Europe. Greece is in a state of collapse. There are concerns that Portugal and Ireland could follow. Add Spain to the list of nations that…
Today’s Best Market Rumors (6/21/2011) Microsoft Deal For RIMM
Updated throughout the day. French aerospace firm Safran will pay 4 billion euros for Italian company Avio. (La Lettre de L’Expansion) Airbus may increase production A320 due to strong demand (WSJ) Microsoft (NASDAQ: MSFT)…
Top Active Trader Alert Stocks (RIMM, ESRX, PSEC, WAG)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Research In Motion Limited (NASDAQ: RIMM), Express Scripts, Inc. (NASDAQ: ESRX), Prospect Capital Corporation…
Sears May Move To Washington To Continue Its Failure
One of the major stories in the Washington press this mornings is not about the deficit, the Presidential race, or members of Congress who have resigned because of indiscretions. Sears Holdings (NASDAQ: SHLD) may…
Nokia Launches Windows Phone Into Smartphone Storms, With Aid From Microsoft
Nokia (NYSE: NOK) will launch its new N9 Microsoft (NASDAQ: MSFT) Windows-powered smartphone later this year. It does so as the entire industry faces slowing sales and a dizzying number of new products and…