Daily Austerity Watch: Hard Choices For Governors
The forces of austerity are taking it on the chin in state capitals. Pennsylvania Gov. Tom Corbett (R) is facing a revolt by members of his own party over his plans to slash $1.6…
All Work
Douglas A. McIntyre
The $4 Gas Disaster: Public Transportation Rises
AAA Gas Gauge: $3.962 Prices began to inch higher as flood waters in the center of the country and in the Mississippi raised concerns about supply. Crude also rebounded toward $105, after a sharp…
24/7 Wall St. And Harris Interactive Survey: How Do You Choose To Travel?
24/7 Wall St. & Harris Interactive have teamed up to do a national survey to better understand American travel habits. As one of our informed readers, we would love to hear from you! Please take this opportunity to share your opinion on…
The Twitter-24/7 Wall St. Market Report (5/11/2011) Massive Trade Deficit
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…
Top Active Trader Alert Stocks (ASML, ASYS, ROVI)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of ASML Holding N.V. (NASDAQ: ASML), Amtech Systems, Inc. (NASDAQ: ASYS), and Rovi Corporation (NASDAQ:…
Today’s Best Market Rumors (5/11/2011) Skype Demands, Boston Scientific CEO
Updated throughout the day. Skype demanded $7 billion for its sale to Microsoft (NASDAQ: MSFT) (Bloomberg) Boston Scientific (NYSE: BSX) CEO Ray Elliott was pushed out by the firm’s board (various) Douglas A. McIntyre
Short Sellers Bet Against Tech And Apple
Most technology company first quarter earnings have been relatively good. Businesses and consumers have begun to return to the market for servers, PCs, and software. The demand for smartphones and tablets is nothing short…
A Radical Restructuring To Salvage The EU
A US-style stimulus may be all that is between defaults of the sovereign debt of Greece, Portugal, and Ireland. It is a plan which is extremely unlikely to be undertaken, but it may be…
Slow China Growth May Help Its Exports
Reams of new data from China show that its economy has begun to slow. Inflation for April was 5.3%–modest by Chinese standards. Information on industrial output and loans also indicated that China’s inflation will…
Media Digest (5/11/2011) Reuters, WSJ, NYT, FT, Bloomberg
China eased restrictions on US companies to give them access to supply the People’s Republic services and to sell mutual funds. (Reuters) Toyota’s (NYSE: TM) operating profit dropped 52% in the last quarter. (Reuters)…
Housing Markets That Will Rise Most This Year
Housing has dropped more than 50% in many areas in the US, and there are few regions where prices are off less than 25%. Most housing experts do not believe the market will recover…
What Does It Cost? $12.82, The Amount Microsoft Paid For Each Of Skype’s 663 Million Subcribers
> Amount Paid: $8.5 Billion > Number of Subscribers: 663 Million > Amount Paid Per Subscriber: $12.82 Microsoft recently confirmed that it will buy voice over IP company Skype Technologies for $8.5 billion, the…
The 24/7 Wall St./Flame Index: Companies With The Most Bad Press (5/10/2011
Sony (NYSE: SNE) kept the top spot in the Flame Index as concerns about the shutdown of its PS3 network failed to subside. Sony could face $1 billion in liabilities. The Japanese company says…
Daily Austerity Watch: The New Greek Bailout
Has the nation of Greece reached a financial bottom yet? Daily Austerity Watch doesn’t think so. The Wall Street Journal is reporting that a new $86.1 billion bailout from the European Union and the…
The Twitter-24/7 Wall St. Market Report (5/10/2011) Microsoft And Skype, Greek Debt
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…
Top Active Trader Alert Stocks (EBAY, MNKD, USAT)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of eBay, Inc. (NASDAQ: EBAY), MannKind Corporation (NASDAQ: MNKD), and USA Technologies (NASDAQ: USAT) .…
Today’s Best Market Rumors (5/10/2011) Google Music, Greek Bailout
Updated throughout the day. Google (NASDAQ: GOOG) will launch an online music service (Reuters) Greece will get an additional bailout from the EU as early as next week (WSJ) Bank of America (NYSE: BAC)…
The States With The Oldest And Youngest Residents
All fifty states will not carry the US economy to a recovery, if it can recover entirely at all. A careful look at the patterns of aging, births, and population movement shows that nearly…
Citigroup’s $550 Share Price
Citigroup (NYSE: C) reverse split its stock and each stockholder with 10 shares got one. That took the price of Citi to $44. No one was fooled by the action. The big bank’s stock…
Renewable Sources Will Rule The Energy World In 2050
The Intergovernmental Panel On Climate Change, a program supported by the UN, has released its new forecast for the use of renewal energy in 2050. It has hardly worth reading except that it shows…