A Case For Immodest GDP Growth
All in all, then, I expect noticeably stronger growth in overall activity this year than last. If I had to write down a forecast today, it would be pretty close to 4 percent. A…
All Work
Douglas A. McIntyre
Inflation Always Steals the Benefits of Dollar Devaluation
By John Tamny Conventional economists still rhapsodize over the alleged exporting benefits of devaluation even though the latter logically points to increased shipping, input and labor costs that would steal any of devaluation’s illusory…
Today’s Best Market Rumors (2/8/2011) Yuan War, NASA Travel
Updated throughout the day. Keith Olbermann is on the way to Current TV (various) Big Lots (NYSE: BIG) is for sale (Reuters) A cancelled NASA rocket could be turned into a space taxi (NYT)…
Top Active Trader Alert Stocks (BBEP, CNXT, PNNT)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Breitburn Energy Partners, LLC. (NASDAQ: BBEP), Conexant Systems, Inc. (NASDAQ: CNXT), and Pennant Park,…
Obama To Business: Invest No Matter What The Cost
President Obama spoke to the Chamber of Commerce yesterday. What he said can be condensed easily. He will do what he can to cut unnecessary regulations and improve the corporate tax code. He…
December US Mobile Sales: Microsoft’s Foothold
Data released by comScore about mobile phone sales in December showed that trends from earlier in the year continued. Sales of Samsung handsets bested all of its rivals in the US with a market…
Toyota And Ford Signal Auto Sales Recovery Into 2011
Toyota Motor (NYSE: TM) posted mediocre results for its fiscal third quarter which ended on December 31, and the nine months which ended on the same day. The world’s largest car company also increased…
Media Digest (2/8/2011) Reuters, WSJ, NYT, FT, Bloomberg
Regulators will push to keep Wall St. firms from side stepping regulations on financial firm pay. (Reuters) Toyota Motor’s (NYSE: TM) fiscal third quarter profits fell but it increased it forecast for production during…
Sony Ericsson Kicks Off Playstation Phone at Super Bowl (SNE, ERIC, GOOG, AAPL)
The joint venture between Sony Corp. (NYSE: SNE) and L.M. Ericsson Telephone Co. (NASDAQ: ERIC), aptly called Sony Ericcson, tantalized gamers with a commercial during yesterday’s Super Bowl for a device everyone’s been calling…
Europe: The Land Where No One’s At Fault
nationsonline.orgThe international media is full of reports about the battle between France and Germany on one side and the balance of the eurozone nations on the other. Germany in particular wants the economically weak…
The Twitter-24/7 Wall St. Market Report 2.7.2011 Harbro Earnings, AOL M&A
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…
Why Wal-Mart Is the Embodiment of Economic Stimulus
By John Tamny of Forbes A recent story in the New York Post revealed that if Wal-Wart were allowed to open in the five boroughs, that New Yorkers would save 33% on a common…
Top Active Trader Alert Stocks (OREX, PGNX, YONG)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Orexigen Therapeutics, Inc. (NASDAQ: OREX), Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX), and Yongye International,…
Today’s Best Market Rumors (2/7/2010) New Yahoo! Sites, FCC Plans
Updated throughout the day. FCC will spend $8 billion from a special fund to extend broadband to areas with low popularity (NYT) Yahoo! (NASDAQ: YHOO) will launch vertical mobile sites (NYT) Goldman Sachs (NYSE:…
Venezuela: $200 Oil
The oil minister of Venezuela, Rafael Ramirez, said a shutdown of the Suez Canal could push oil prices above $200. “There is sufficient oil (in the market) and there have been no interruptions, but if they…
Broadband For Farmers
The New York Times reports that the FCC will announce intentions to use about $8 billion from the Universal Service Fund for rural broadband. The fund taxes phone bills to help underwrite telecom service to…
More Land To Grow Cotton, Less For Other Crops
To state the obvious, there is only so much farmland in the US. The National Cotton Council of America says that farmers will plant 14% more cotton this year compared to last. NCC Vice President…
Nokia: Shaking Up Officers On The Titanic
A number of news media have recently reported that Nokia (NYSE: NOK) CEO Stephen Elop will replace a large number of the top managers at the world’s largest cellphone company. Among the executives who…
AOL Buys Huffington Post
AOL (NYSE: AOL) bought The Huffington Post for $315 million of which $300 million is cash. Huffington management will run all AOL content sites. The combined US audience of the two companies will be…
Media Digest (2/7/2011) Reuters, WSJ, NYT, FT, Bloomberg
AOL (NYSE: AOL) bought the Huffington Post for $315 million. (Reuters) Sanofi-Aventis and Genzyme (NASDAQ: GENZ) are closer to a deal (Reuters) Hackers who broke into the NASDAQ will undermine investor confidence. (Reuters) A…