nationsonline.orgSeveral sources report that credit default swaps on the debt of some EU nations has reached record levels. The cost to insure against default of Ireland and Spain’s debt rose particularly high. This is…
CES is best known for one thing beyond its place as the world’s largest display of new consumer electronic products. It is also the largest display of consumer products that will fail. It is…
The Administration wants to cut $78 billion from the defense budget. (Reuters) Facebook has substantial profits. (Reuters) Starbucks (NASDAQ: SBUX) says Kraft (NYSE: KFT) is blocking its grocery store plans. (Reuters) Sony (NYSE: SNE)…
Wall Street analysts often believe that they know how much money large public companies will make before the companies actually post quarterly and annual profits. The most widely followed public corporations are tracked by…
Smartphone maker HTC Corp. has reported that fourth quarter net profit more than doubled from the same period a year ago, to $499 million. The Taiwanese manufacturer makes more handsets that use Windows operating…
Tim Geithner wants the public, and Congress to know that the US is virtually out of money. His letter to Harry Reid: January 6, 2011 The Honorable Harry Reid Majority Leader United States SenateWashington,…
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of ARM Holdings (NASDAQ: ARMH), Hauppage Digital, Inc. (NASDAQ: HAUP), Quidel Corporation (NASDAQ: QDEL), Sinovac…
By John Tamny of Forbes The Fed’s latest minutes make plain that there’s ongoing support within the central bank for quantitative easing. This is naive. Much like the 1930s, banks are presently awash in…
Updated throughout the day. LinkedIn will have a 2011 IPO (various) Goldman Sachs Group (NYSE: GS) passed on a chance to invest in Facebook last year (NYT) Capital Source (NYSE: CSE) may put itself…
Working on a oil rig is a bad job. Working as a software engineer is great. “Twelve-hour shifts, exposure to the elements in hostile environments, low pay, high risk of injury and isolation from…
China says it will buy as much as $7.9 billion of Spain’s sovereign debt. That is a large investment given Spain’s modest $1.3 trillion GDP. China can spare that money. Its foreign reserves are…
The rate at which people are losing jobs in the United States has decreased, according to economic data. There is also information, which includes the December ADP report, that suggests that more people have…
Health Affairs Magazine reports that health care costs reached 17.6% of GDP in 2009. The figure rose from 16.6% in 2008. The magazine reported that “The growth rate of health spending continued to outpace…
There is a simple, easy way that will help close the $1 trillion-dollar federal deficit: Declare a temporary tax amnesty. Under the 24/7 Wall St. plan, individual and business taxpayers who owe less than…
The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling was appointed by the President to examine why the oil rig disaster in the Gulf happened and what could be done…
Steve Ballmer gave his annual address at the Consumer Electronics Show. Among the things that he mentioned was that Microsoft (NASDAQ: MSFT) had sold 8 million Kinect video game consoles in sixty days. The…
LinkedIn will go public this year (Reuters) China said the yuan was not the cause of trade problem with the US (Reuters) BP plc (NYSE: BP) and other firms involved in the Gulf disaster…
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…
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Atheros Communications, Inc. (NASDAQ: ATHR), Ku6 Media Co. Limited (NASDAQ: KUTV), Glu Mobile, Inc.…
The enemies of economic recovery among the developed nations are high national debt, high unemployment, and a drop in home prices. The three are linked. It is hard get good prices for properties when…