The super committee makes no significant decisions on the budget deficit. (Reuters) The largest shareholder in Olympus cuts its position. (Reuters) Google (NASDAQ: GOOG) launches its new music service. (Reuters) Germany and…
The Eurozone growth rate of 0.2% in the third quarter may have met expectations but this is just one more example that growth is so low already that getting out of the…
Well, it used to be Greece taking us down daily, but now it is the much larger concern of Italy. The markets were supposed to be cheering that Silvio Berlusconi was going to…
Chesapeake Energy Corp. (NYSE: CHK) opened about 2% higher this morning following its third-quarter earnings release after markets closed yesterday. The company posted adjusted EPS of $0.72, beating the consensus estimate by…
Greece and the rest of the PIIGS were hurting us for so long that it seems hard to believe that the Europeans are setting a 50% haircut for the Greek sovereign debt and…
Investors appear to have lost faith in mining stocks, sending share prices down steadily throughout the year. Both iron ore and copper prices are down nearly 20% since the beginning of the…
A raft of good earnings reports pushed the markets higher at opening this morning, sending the Dow Industrials up about 200 points at mid-day. For some reason traders are hopeful that this…
While Peabody Energy Corp. (NYSE: BTU) and ArcelorMittal (NYSE: MT) haven’t been pursuing Australia’s Macarthur Coal Ltd. (OTC: MACDF) for more than a few months, the deal never really looked like it would…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. BHP Billiton (NYSE: BHP) Cut to Hold at Societe Generale; Cut…
Since the beginning of September, copper and corn prices have fallen dramatically, with copper off nearly -35% from its 12 month high and corn off about -25%. Because both are often seen…
Jon OggThese are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Despite the weakness, there are still upgrades taking place. Agrium,…
It feels like Groundhog day in Europe. Greece fears are escalating and European markets are sharply lower. The Europeans are just unwilling or are unable to deal with their woes in a…
European stocks are leading the markets this morning and the direction is lower. Greece projected that 2012 deficits will be above plan and the nation has effectively admitted that it will not…
Friday’s bounce in the U.S. is continuing based on the fact that there was no significant negative news or negative developments over the weekend. On the day we were down last week it…
Today’s ratings news leads off with the downgrade by Moody’s of six Greek banks, including National Bank of Greece (NYSE: NBG). All six were lowered from ‘B3’ to ‘Caa2’. Anyone who is…
