According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is being attacked in Congress. Reuters reports that Japanese banks, in trouble a…
Circuit City (CC) sacked the CEO who ran the company for the past four years. Philip Schoonover held every important job at the retailer from chairman to CEO to president. He was…
Hope is a fine human emotion until it moves to lunacy. A psychosis of optimism has seized the retail industry. The National Retail Federation says that sales will rise only 2.2% this…
Wal-Mart (WMT) is not the only retailer benefiting from the consumer’s need to be cheap. Kroger (KR), which sells groceries to the middle class, reported robust earnings. The chain said it had…
Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for salvation. That does not put them in a different class from other…
The Association of National Advertisers has already indicated to the Justice Department that it is bitter about the planned link-up which would allow Google (GOOG) to sell part of Yahoo!’s (YHOO) search…
Today was a strange day in the markets because of the Uncle Sam bailouts, but there are many stocks which showed activity on their charts exhibiting breakout or reversal patterns. Whether they…
The Association of National Advertisers, which includes big marketers like GM (GM), Procter & Gamble (PG), and Wal-Mart (WMT), argues that Google (GOOG) should not be allowed to sell advertising for Yahoo!…
The new mantra creating a deflating speculative bubble is taking a new twist. Even before Ospraie blew out its fund (and now after) there have been more rumors about commodity-related funds or…
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…