Short sellers moved out of financial shares in great numbers. As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE)…
What happens when a sector loses a key bull, even if it is temporary? Often nothing, but if it is a big enough market pundit then it can have an impact. That…
New data from Millward Brown, the brand evaluation firm, shows that Google (GOOG) is the world’s most valuable brand with a valuation of just over $100 billion. That is well above the…
Pressure from the government may be forcing Citigroup’s (C) hand. Its Phibro energy group has generated $2 billion in profit over the last five years, but it has cost the bank in…
Douglas A. McIntyre Reuters: A college education no longer means easy employment in China. Reuters: Fannie Mae (FNM) lost $14.8 billion. Reuters: The auto “clunkers” legislation passed the Senate. Reuters: Obama is in no rush…
Reuters: Video games hope to make a comeback with new titles and price cuts. Reuters: “Cash for clunkers” should help July car figures. Reuters: USB (UBS) shares should do well after it…
Andrew Cuomo, who is running for governor of New York State without having announced it, is denouncing Wall St. because of its big pay packages while in his current role as state…
Analysts have hoped that the rate at which Americans become unemployed will slow in the second half of 2009. There has been some evidence that the period in which the economy would lose…
Reuters: The recession has badly hurt investments in green technologies. Reuters: Obama called for deeper China ties with the US. Reuters: BP’s (BP) profits fell sharply. Reuters: Bank of America (BAC) will…
Reuters: Airline on-board entertainment systems face competition from handheld devices like the Apple (AAPL) iPod. Reuters: Bernanke will be on PBS to take his message about Fed plans to a broader audience.…
According to The Wall Street Journal, the head of the Citigroup (C) energy trading unit has a contract that could bring him as much as $100 million in compensation this year. The…
Douglas A. McIntyre Many investors feel that their brokers led them astray when the market collapsed. Brokers may not have suggested moving money to safe havens, or they may have suggested that clients double down…
Reuters: Microsoft’s (MSFT) results and forecast were weak. Reuters: CIT (CIT) may sell its aviation finance business. Reuters: Fatigue at the Fed is leading to questions about its expanded role. Reuters: Twitter…
Apple’s beat Wall St. consensus figures by posting earnings per share of $1.35 compared to Wall St. expectations of $1.17. The company also produced revenue of $8.33 billion, up 12% from last…
Once a year, Interbrand publishes a list of the “Best Global Brands”. The 2008 list was released last September. The next list will probably be out in about two months. The change…