The three major US stock indexes opened higher this morning on reports of a new bailout for Spanish banks and a 24-basis point drop on 10-year Spanish bond yields (our coverage here).…
Jon OggThe stock market is trying to digest earnings reports from Alcoa Inc. (NYSE: AA) and trying to factor in the coming report from J.P. Morgan Chase & Co. (NYSE: JPM). When…
Intel (NASDAQ: INTC) invests in next-generation chip company ASML (NASDAQ: ASML). (Reuters) The Federal Reserve Bank of New York may have known in 2007 that the way Libor was set was incorrect. (Reuters)…
Alcoa Inc, (NYSE: AA) has managed to meet its earnings expectations… or did it? The earnings report matters here because many investors try to use Alcoa as a predicting mechanism. The headlines…
Jon C. Ogg The three major US stock indexes opened lower this morning following report from China that it has cut inflation to an annualized rate of 2.2% in June (our coverage here). Lower inflation,…
Forget about your Fourth of July time off! Earnings season is starting this week and it is the tough summer trends that investors have to worry about. While many businesses have held…
Most investors are back from a long holiday and having to digest waves of bad news from companies and from government economic reports. And now we even have Alcoa, Inc. (NYSE: AA)…
The three major US stock indexes opened sharply lower this morning following a tepid report on US job growth. The US economy managed to create just 80,000 jobs in June, below the…
The three major US stock indexes opened lower this morning even though China’s central bank lowered interest rates (our coverage here), the Bank of England boosted its asset purchase program and the…
Global demand for steel remains weak even as prices for iron ore rise slightly indicating that steelmakers could be in for another tough quarter. As if on cue, AK Steel Holding Corp.…
The single most important word in world markets for base metals and steel is “China.” With the slow-motion economic recovery in the global economy, the expected 8% or so growth in Chinese…
Jon OggIt is that time of year again. It is time to ponder the theory of pricing in a summer slowdown, whether it actually happens or not. In short, is time to…
Earnings season for the first quarter of 2012 is upon us and 24/7 Wall St. wanted to see how the tale of the tape is treating the companies reporting earnings. Our aim…
Spain’s industrial production falls 5.1% on an annual basis in February. (MarketWatch) U.S. brokerage firms pay increasingly higher bonuses to get top producers. (Reuters) Alcoa (NYSE: AA) has a surprising first-quarter profit.…
Alcoa, Inc. (NYSE: AA) has managed to pull a rabbit out of its hat and it is the good kind. The aluminum giant and DJIA component just reported earnings of $94 million…
Jon C. Ogg 
