According to Reuters, S&P futures are down 5.3%. Reuters writes that Yahoo! (YHOO) plans to cut several hundred jobs. Reuters reports that GM (GM) has unveiled a China-made hybrid. Reuters writes that…
Tuesday could bring a 1,000 point drop on the Dow, especially if markets in Asia and Europe repeat their Monday performances tomorrow. China’s big Hang Seng index fell 5.5% to 23,818. The…
Sprint (S) Lay-offs and weak subscriber numbers. Falls to $8.15 from 52-week high of $23.42. Under Armour (UA) Weak forecast kills shares. Drops to $26.52 from 52-week high of $73.40. Seagate (STX)…
After the financial meltdown and after the new tech wreck, many of the same stocks and same REIT’s keep appearing over and over on the list of new 52-week lows. Here are…
Recessions are no good, no fun, and we are for all practical purposes in one. The government numbers just aren’t yet there. But if you are a CEO that was in trouble,…
JPMorgan Chase (NYSE: JPM) reports earnings on Wednesday morning. Wall Street analysts are apparently looking for $0.93 EPS on revenues of $17 Billion according to First Call, although in this current environment…
Citigroup (NYSE: C) has come out with its highly awaited earnings. The numbers and comments are all slightly different than prior media reports indicated, and some are not quite as aggressive as…
Douglas A. McIntyre The worst part of the recession cycle is beginning. News from several big sectors like retail, housing, and automotive has already turned bad. In the last two days, Sprint (S) and GM…
After Citigroup (C) and Merrill Lynch (MER) have announced their earnings, Wall St. will probably see what it expected. The estimates for write-offs, lay-offs, and new capital infusions are already out there.…
According to Reuters, the National Retail Federation and its members are preparing for a slow year. Reuters writes that the FCC has cleared Google (GOOG) to bid in the upcoming auction of…
According to The Wall Street Journal Citigroup (C) is "expected to announce a sizable dividend cut, cash infusion of at least $10 billion and write-down of as much as $20 billion in…
Douglas A. McIntyre Citigroup (NYSE: C) is set to report earnings tomorrow morning. While this will be the first of the big money center banks and financial conglomerates to officially report earnings, the actual earnings…
Douglas A. McIntyre Late word is that the China Development Bank may pass on putting $2 billion into Citigroup (C) as was planned. According to The Wall Street Journal the Chinese government may be blocking…
CNBC reported that Citigroup (C) could have a $24 billion write-off. The source for that report is not clear. Last week, Goldman Sachs said Citi might have to take a charge of…
According to Reuters, CNBC is reporting that Citigroup (C) could write-down $24 billion. Reuters writes that automakers face big hurdles in 2008. Reuters reports that the $200 billion Kuwait Investment Authority had…