Housing Market At A Discount
The S&P Case-Shiller report showed home prices dropped another 3% to 4% in the nation’s twenty largest markets in April. The amount was 7% or worse in five markets compared to April of last year.…
All Work
Douglas A. McIntyre
Media Digest (6/29/2011) Reuters, WSJ, NYT, FT, Bloomberg
Odds that a Greek austerity bill will pass rose. (Reuters) Bank of America (NYSE: BAC) is near a deal to settle an MBS charge for $8.5 billion. (Reuters) A new Google (NASDAQ: GOOG) feature…
Read 24/7 Wall St. For “Hot Stock Tips,” Says SmartMoney
Last week, SmartMoney published an article titled “5 Sites for Hot Stock Tips.” 24/7 Wall St. was honored to be included. According to the site, we have a simple mission: Summarize just-released investment research and…
Case-Shiller Shows Some Real Estate Markets Still Bleed
Homeowners continue to see the value of their houses drop. The problem is much worse in some markets than others. S&P Case-Shiller released its data for April. The 10- and 20-City Composites fell 3.1%…
Top Active Trader Alert Stocks (ICGN, SIGA, WPRT)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Icagen, Inc. (NASDAQ: ICGN), SIGA Technologies, Inc. (NASDAQ: SIGA), and Westport Innovations Inc. (NASDAQ:…
Today’s Best Market Rumors (6/28/2011) Microsoft Office Cloud
Updated throughout the day. Germany’s big banks will meet to discuss Greek debt (Bloomberg) Microsoft (NASDAQ: MSFT) will release a cloud-based version of Office (Bloomberg) Douglas A. McIntyre
Why The Dow Will Plunge To 7,000
Photo by Spencer Platt/Getty ImagesOne theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as…
A 30-Year IOU For Greece
The Financial Times reports that large European banks may extend the repayment terms on Greek debt to a period as long as 30 years. That will not be called a “default,” which shows how…
Mobile Phone Payments–The New Cash Register
Barely a week goes by without the release of research about all the new things that smartphones do now or will do in the future. The future profits of smartphones appears to be the…
Pew: E-Reader Use Tops Tablet PC
Pew’s internet research arm says that e-reader adoption has outpaced tablet PCs. The share of adults who own e-readers in now 12%, up from 6% last November. Only 8% of adults use tablet PCs.…
Nike Earnings And The Athletic Shoe Economy
Wages worldwide have stagnated and consumer spending has been pressured by rising commodities prices. People may not be able to afford to buy cars and houses. It turns out, however, that they can afford$100…
Media Digest (6/28/2011) Reuters, WSJ, NYT, FT, Bloomberg
Microsoft (NASDAQ: MSFT) will launch a cloud version of Office to compete with Google (NASDAQ: GOOG). (Reuters) Oil fell on Greek debt concerns. (Reuters) Sony (NYSE: SNE) said its protected content made it a…
People Still Hate The Press: Where Is Walter Cronkite?
Members of the press nearly always place themselves above politicians, military officers, and even evangelists in their own minds. It is an odd decision, although it is at the core of how the news…
The Twitter-24/7 Wall St. Market Report (6/27/2011) Consumer Spending Killed, French Banks Back Greece
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…
Top Active Trader Alert Stocks (ICGN, PFE, PTIE, ZLCS)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Icagen, Inc. (NASDAQ: ICGN), Pfizer, Inc. (NYSE: PFE), Pain Therapeutics, Inc. (NASDAQ: PTIE), and Zalicus,…
Today’s Best Market Rumors (6/27/2011) New Goldman Sachs CEO? Hulu Sale
Updated throughout the day. David Solomon may be the next CEO of Goldman Sachs (NYSE: GS) (Reuters) Nokia (NYSE: NOK) and Siemens will restructure their joint venture after a failure to find an investor…
The Rebel Greek Lawmakers
Greece’s Deputy Prime Minister Theodore Pangalos told El Mundo that short -term austerity policies will be approved by the Parliament. Long-term ones, which include a list of many Greek government assets that are for…
Nissan, Targets 8% Market Share, Announces The Rest Of The Car Industry Does Not Exist
Nissan said it plans to have 8% of the global market for light trucks and cars by the end of 2016. The Japanese manufacturer did not mention that every other global car company has…
The Battle Heats Up: Interest Rates Or Inflation
Inflation may have caught hold in much of the developing world. It has certainly started to affect on the US economy. The Fed can argue that rates near zero are necessary to fuel growth…
Where Americans Live the Longest, and Why
Despite being one of the wealthiest countries in the world, the United States ranks 37th in life expectancy, according to the World Health Organization’s most recent longevity report. While the reasons for this are…