The three major US stock indexes opened higher this morning in advance of Fed Chairman Ben Bernanke’s semi-annual report to Congress and following some data on inflation (more coverage here), industrial production,…
GlaxoSmithKline (NYSE: GSK) will take over Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) A poll from the National Association for Business Economics shows few companies plan to hire new workers. (Reuters)…
The three major US stock indexes opened higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second…
Friday has been a stellar day based upon reaction to the major bank earnings reports and due to reports that China’s GDP maintained a growth rate of 7.6%. What is amazing is…
The three major US stock indexes opened lower this morning following yesterday’s release of the minutes of the June FOMC meeting which did not raise hopes for another round of Fed easing.…
Intel Corporation (NASDAQ: INTC) is due to report earnings next week and the trend of earnings has been nothing short of extremely disappointing from technology companies. We outlined all of the big…
The three major US stock indexes opened slightly lower this morning ahead of the release later today of the minutes of the last FOMC meeting. Asian markets were mixed overnight and markets…
By now investors have had time to digest the notion that technology company sales and earnings are just not going to live up to prior expectations in most cases. Investors are learning that…
We have two big chip warnings for the market to absorb today. Interestingly enough, the market is absorbing these rather well if you take an ‘all things considered’ approach. Applied Materials Inc.…
Intel Corp. (NASDAQ: INTC) announced after markets closed last night that it would buy a 10% stake in Dutch chip-equipment maker ASML Holding NV (NASDAQ: ASML) for $2.1 billion. Intel will also…
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)…
Advanced Micro Devices, Inc. (NYSE: AMD) has just issued an earnings confession. The chip and processor company has warned that its revenues for the second quarter will now be down by roughly…
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…
Nothing kills a business quite so fast as when its most critical products become commodities. And the list of industries with this problem is growing. Even the price of homes has fallen victim…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. ADTRAN Inc. (NASDAQ: ADTN) Cut to Equal-weight at Barclays. Alliant Energy Corp. (NYSE: LNT)…
