Wal-Mart’s (WMT) US same store sales rose 3% in August. Analysts expected about half that growth rate. The Wal-Mart news is almost certainly a sign the the middle class is joining those…
Douglas A. McIntyre The most bizarre thing about the economic slowdown is the continued strength of Urban Outfitters Inc. (URBN). Not only is the Philadelphia-based retailer continuing to post impressive results but its stock just…
These are the last of Warren Buffett’s and Berkshire Hathaway Inc. (NYSE: BRK-A) holdings as of June 30, 2008: Torchmark Corp. (NYSE: TMK) more than 3.51 million shares in multiple lots US…
Wal-Mart refuses to play ball with the recession. Its July same-store sales were not tremendous, its most recent quarter was, under the circumstances, spectacular. The figures were for the period ending July…
Douglas A. McIntyre According to Reuters, Greenspan says the housing market should bottom in 2009. Reuters writes that US auto makers are scrambling to make more fuel-efficient cars. Reuters reports that the SEC is close…
After Wal-Mart (WMT) announced its outstanding June numbers, Wall St. said the company was actually “recession proof”. Consumers, beat down by high gas and commodities prices, could turn to Wal-Mart to get…
Ambac Financial (ABK) Cut To Underweight at JPMorgan. Ann Talor (AMM) Cut to Market Perform at FBR Bank of America (BAC) Cut to Neutral at UBS FEMSA (FMX) Cut to Equal Weight…
Based on GDP figures and June numbers out of retailers including Wal-Mart (WMT), the tax rebate program helped the economy for about 30 days. July retail numbers seem to show that the…
Douglas A. McIntyre According to Reuters, RBS (RBS) had $1.35 billion loss due to write-downs. Reuters reports that Google (GOOG) says its investment in AOL may be impaired. Reuters writes that Citigroup (C) and Merrill…
The big theory after Wal-Mart (WMT) announced its June same-store sales was that the company was recession-proof. People were going from higher-priced retailers to Wal-Mart to save money because the economy was…
Wal-Mart (WMT) defenders of the faith of "every day low pricing" is warning its management and supervisors that if Democrats win the election in the Fall, it will be easier for workers…
Douglas A. McIntyre According to Reuters, GM (GM) is expected to post a huge loss. Reuters reports that oil company profits rose, but Exxon (XOM) missed its numbers. Reuters reported that stressed banks borrowed a…
It is now no secret that we are in a very weak economic environment and if it is not an official recession it is for about 80% of the country. We’ve already…
When the Chinese government pushed its retail union into Wal-Mart (WMT) two years ago, the world’s largest retailer should have figured that it was only the beginning of trouble. Now labor has…
According to Reuters, Microsoft (MSFT) backed its internet spending plan and said it was done with negotiations with Yahoo! (YHOO). Reuters reports that the CFO of Wachovia (WB) is leaving.
