OECD: A US-Based Global Recovery?
Anyone who has watched the US economy falter would suppose that American GDP growth will be a drag on the global economic recovery. The OECD sees the situation otherwise, although facts undermine the conclusions…
All Work
Douglas A. McIntyre
Starbucks Finally Meets Its Match–Coffee Prices
The new Starbucks (NASDAQ: SBUX) formula for success is straightforward. Sell a wider set of products. Offer free Wifi. Concentrate on the current chain of stores instead of rapidly expanding them as the company…
The 24/7 Wall St. Interview With Irv Hockaday
Mr. Irvine Hockaday is on the boards of Ford Motor Company and Estee Lauder. He was the President and CEO of Hallmark from 1986 to 2001. 24/7 Wall St.’s Douglas McIntyre and Michael Sauter sat…
Daily Austerity Watch: The Psychological Toll
The economic situation in Greece isn’t a Greek Tragedy. It’s just really depressing. Today, the financial press reported that Antonis Samaras, the head of the opposition New Democracy party, was balking at the government’s…
Top Active Trader Alert Stocks (INVE, SIFY, SOLR)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Identive Group (NASDAQ: INVE), Sify Technologies Limited (NASDAQ: SIFY), and GT Solar Inc. (NASDAQ:…
Today’s Best Market Rumors (5/24/2011) AIG Shares, SEC Charges
Updated throughout the day. JP Morgan (NYSE: JPM), UBS, and Deutsche Bank have been added to the list of financial firms targeted by the NY State Attorney General over mortgage backed securities sales (Bloomberg)…
Engineers Are Highest Paid College Graduates
There is more bad news for liberal arts majors who already have a hard time with job searches because they are perceived to have no ready skills for most employers. College graduates with petroleum…
A Mild Panic As Apple Share Price Slides
Apple’s (NASDAQ: AAPL) share price is supposed to keep going up. Many brokers have price targets for the stock above $400 and some are as high as $450. The stock trades at $334 now,…
Car Companies Pay The Price For Higher Gas Prices
Americans have several options to fight high gas prices. They can stay at home, use public transportation, join car pools, shop online, or buy new fuel-efficient vehicles. Auto manufacturers have also raised prices recently…
Media Digest (5/24/2011) Reuters, WSJ, NYT, FT, Bloomberg
Experts say a Greek default would harm other EU nations and banks. (Reuters) Several insurers face large losses because of US weather damage. (Reuters) AIG (NYSE: AIG) will price shares to be sold to…
Brokerages Urge Rush Back Into Crude
Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) have suggested that their clients buy oil futures now. Between them, they believe Brent crude prices will settle between $120 and $130 this year. Brokerage…
The Most Dangerous Cities In America
Yesterday, the FBI trumpeted the news that violent crime dropped 5.5% in 2010 while reported property crimes fell 2.8% during the depths of the worst economic slowdown since the Great Depression. The news, though,…
Daily Austerity Watch: Organized Labor Losing Credibilty
Fewer people are madder about fiscal austerity than leaders of labor unions. Richard Trumka, the head of the AFL-CIO, was quoted last week as saying that Democrats better get on board with the union’s…
Dell Trouble: Giving Out Xboxs
If you are a student you can buy a Dell (NASDAQ: DELL) PC and get a free Microsoft (NASDAQ: MSFT) XBox. The Dell PC can cost as little as $699. Dell makes the offer…
Top Active Trader Alert Stocks (AIXG, ERIC, INVE)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Aixtron AG (NASDAQ AIXG), Ericsson (NASDAQ: ERIC), and Identive Group, Inc. (NASDAQ: INVE). Aixtron…
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…
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…