Here at The Daily Austerity Watch, we greeted the budget deal with a mixture of relief and dread. While we are delighted that pointless government shutdown was averted thanks to an unprecedented $38.5 trillion…
Updated throughout the day. Obama will present his new deficit goals (WSJ) Katie Couric may leave CBS (NYSE: CBS) and create morning TV show with Matt Lauer (NYT) A group of bidders has emerged…
Women continue to struggle for equal rights in the workplace. For at least two decades, they have earned 80% of the wages of men doing equivalent jobs. That should be a shock to most…
Walmart (NYSE: WMT) is known for “every day low prices.” It is probably the primary reason people shop there and it has made the company the world’s largest retailer. Wal-Mart, for some reason, thinks it…
Americans believe that lobbyists, large companies, banks, and the government have too much power. They have reason for their opinions. Banks nearly took down the credit system. Now, they refuse to lend to individuals and small…
Iceland’s government created a plan to repay 3 billion euros due to the UK and the Netherlands because of the collapse of its banking system three years ago. Iceland’s citizens voted the repayment plan…
China posted its first trade deficit in seven years in the first quarter of 2011. The figure was a very modest $1 billion, which many economists saw as a sign of the growing economic…
NYSE Euronext (NYSE: NYX) rejected a Nasdaq offer to buy it, which Nasdaq labeled as the best future for the older exchange. (Reuters) Corporate earnings may not be strong enough to support current stock values (Reuters)…
First Solar (NASDAQ: FLSR) fell 7% on concerns that the US government’s financial support of renewable energy will falter. The federal government’s move toward austerity makes it likely that this threat to earnings and sales will…
Stocks which rose last week were paced by National Semiconductor (NYSE: NSM) which jumped 68% to $27 after it agreed to be purchased by Texas Instruments (NYSE: TXN). The fate of the transaction between two weak companies depends on…
Here at Daily Austerity Watch, we have followed the resurrection of David Stockman with some interest. It has been nothing short of amazing. Stockman was a pariah to conservatives after President Ronald Reagan took…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Expedia, Inc. (NASDAQ: EXPE), Hercules Offshore, Inc. (NASDAQ: HERO), and Seagate Technology PLC (NASDAQ:…
Toyota (NYSE TM) will restart most of its Japanese plants on April 18. They may not operate at full capacity and may close for an upcoming national holiday. The news is a testament to…
Leave it to the IMF to be late in comments about the nature of the world economy and potential solutions to nagging problems. The body released a report which said that oil prices were…
Taiwan handset maker HTC posted earnings which nearly tripled last quarter to $513 million. The firm owes a substantial share of its success to Google. A very large portion of the HTC smartphones are…
The members of the Federal Reserve are more divided about what steps the central bank should take next to mute inflation and help the expansion. (Reuters) Americans are telling the Fed that inflation is…
To Daily Austerity Watch, the story of whether the federal government will shut its doors is unfolding like a bad movie, the kind that makes Attack of the Killer Tomatoes seem like Citizen Kane.…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Bed Bath & Beyond (NASDAQ: BBBY), Costco Wholesale Corporation (NASDAQ: COST), and Seaspan Corporation…
Updated throughout the day. Borders may have its restructuring killed by publishers (NYT) Goldman Sachs Group (NYSE: GS) will buy out the part of the Australian JV that it does not own (FT) Douglas…
The US may be the bread basket to the world, but the basket is closer to empty than many suppose. The price of corn has doubled in the last year to $7.50 a bushel.…