According to Reuters, disappointing earnings pushed Wall St. down. Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs. Reuters writes that Kirk Kerkorian sold part of his Ford…
According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can…
Wall St. expected Wal-Mart (WMT) same-store sales to be up 2.5% in September. They only rose 2.4%. It was a brilliant showing. Almost all data from retail associations said sales across the…
Another ETF group with esoteric index funds is closing down and liquidating several ETF programs. FocusShares, LLC has announced that its board and its advisors plan to discontinue and liquidate several exchange-traded…
Douglas A. McIntyre It appears that every stock in the market is being crushed, but that is not entirely so. Several companies in industries not likely to be badly by a deep recession are doing…
Ronald McDonald has just had a big meal and is picking his teeth.The stock market is telling him that McDonald’s (MCD) won’t be hurt by the recession. At $62, the shares of…
Updated: 31 October 2008 Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT) may…
"Everyday low prices" are getting out of hand. Wal-Mart (WMT) already is cutting what it charges for toys and the holiday season has really not begun. According to The Wall Street Journal,…
According to Reuters, the economic bailout bill passed the Senate and is likely to pass the House. Reuters reports that GE (GE) raised $15 billion with some of the capital coming from…
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…