A Mini Collapse In Gasoline Prices
The price of regular gasoline never reached its all-time national record of $4.11 as some had feared. Several research firms show the price of a gallon of regular has dropped 5% or 6% over…
All Work
Douglas A. McIntyre
Yum! Brands Rapid Growth Is Over
Yum! Brands (NYSE: YUM) buried some of its essential P&L data and information about its US operations in its first quarter earnings release. Most of the highlights of the report are about China. A…
Media Digest (5/23/2011) Reuters, WSJ, NYT, FT, Bloomberg
European debt concerns have dragged stocks down. (Reuters) Foxconn said a third person had died following an explosion in a plant where Apple (NASDAQ: AAPL) iPads are made. (Reuters) GT Solar may be a…
S&P Warning On Italy, A Signal To The US
There is a negative change in the sovereign rating of an EU nation each week it seems. Greece was downgraded again by Fitch last week, by three notches to B+. It was nothing more…
The Ten Costliest Floods In American History
The United States Army Corps of Engineers flooded valuable farmland west of Vicksburg, Miss. to save New Orleans. The waters crested May 19 in the old southern city at 57.1 feet, surpassing a record…
Art, Rare Jewel Market Thrives In Tough Economic Times: Daily Austerity Watch
Average consumers may fret about the high price of gas and the debt crisis that has stymied members of Congress. Rich people, though, are increasingly unencumbered by financial worries as auctions for art and…
The Twitter-24/7 Wall St. Market Report (5/20/2011) Gap Falls, Barnes & Noble
Twitter has, by most estimates, 175 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 (5/20/2011) Sony Network Reboot
Updated throughout the day Sony (NYSE: SNE) may restart its network next week after it was shut due to a hack (Reuters) Turk Kemal Dervis may be kept from the top job at the…
Top Active Trader Alert Stocks (ACOR, BPAX, OPXT, BPOP)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Acorda Therapeutics, Inc. (NASDAQ: ACOR), Biosante Pharmaceutical, Inc. (NASDAQ: BPAX), Opnext, Inc. (NASDAQ: OPXT),…
Media Digest (5/20/2011) Reuters, WSJ, NYT, FT, Bloomberg
Liberty Media offered $1 billion for Barnes & Noble. (NYSE: BKS) (Reuters) Tepco lost $15 billion. (Reuters) Goldman Sachs (NYSE: GS) expects to receive a summons from the US government shortly. (Reuters) Gold rose…
An Unreasonable Fear Of High Gas Prices May Throttle Recovery
Gasoline prices have begun to retreat in the US. The latest AAA Fuel Gauge numbers put the average price of regular at $3.886, which means that the cost of a gallon has begun to…
OPEC Gets Greedy
The IEA Governing Board warned yesterday that the world’s oil supply is too low to bring prices down on any consistent basis. It “expressed serious concern that there are growing signs that the rise…
The Ten States Where Walmart Is Everywhere
Walmart, the world’s largest retailer and the largest company in America based on sales and employees, has tried to argue since the beginning of the recession that it can revive its moribund sales growth…
Ronald McDonald Didn’t Make You Fat, Your Mother Did
Attention America’s obese children: Your parents made you fat. Ronald McDonald is probably not to blame. That’s not the message that America’s food police — nutritional do-gooders — who want McDonald’s Corp. (NYSE:MCD) to…
Daily Austerity Watch: Liberals, Conservatives Agree That Film Tax Credits Are A Bad Idea
The liberal Center for Budget and Policy Priorities (CBPP) and the conservative Tax Foundation, who rarely agree on anything, are unanimous in their view that governments should not be in the business of subsidizing…
Top Active Trader Alert Stocks (GLUU, INTC, MPEL)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Glu Mobile (NASDAQ: GLUU), Intel Corp (NASDAQ: INTC), and Melco Crown Entertainment Limited (NASDAQ:…
Today’s Best Market Rumors (5/19/2011) Apple Privacy, New IMF Chief
Updated throughout the day. Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) will face new privacy laws in Europe (FT) Christine Lagarde, the finance minister or France, is the favorite to take over as IMF…
Another Sears Failure, A Chance To Sell It For Scrap
Eddie Lampert, the chairman and controlling shareholder of Sears Holdings (NASDAQ: SHLD), has been accused of being a fool and poor operator more than once. Sears results proved once more than the company cannot…
International Energy Agency Alarmed By High Oil Price
Today’s IEA statement: The IEA Governing Board, at its regular quarterly meeting on 18-19 May, examined oil market developments and their impact on the global economy. Despite a near-10% correction since 5 May, oil…
Six Huge American Companies With Total Revenue Over $250 Billion That Will Never Have An IPO
With all the hubbub surrounding the IPO of professional social networking site LinkedIn, along with rumored deals involving Facebook and Twitter, it’s worth remembering that there are some companies that will probably never go…