ThinkstockConsumer sentiment as measured by the University of Michigan/Thomson Reuters index jumped from a weak 76.4 reading in April to a more robust 83.7 in May. Economists had expected a reading of 78 following…
courtesy Making Change at Walmart and UFCWWall Street considered almost all the news from Wal-Mart Stores Inc.’s (NYSE: WMT) earings as bad. U.S. comp sales declined 1.4% in the 13-week period from Jan. 26 to April…
ThinkstockHow much money does it take to live even modestly in the United States? Median household income runs about $51,000. In real terms, that is down 7% since the start of the recession. This has…
ThinkstockRecord Air Traffic This Summer For those who do not have to travel by air this summer — don’t. The number of seats filled will hit near-record levels. Airports will be crowed, in many cases…
courtesy of AOL, IncThe European Central Bank may begin to identify weak banks and deny them aid. (Reuters) Foxconn, once one of Apple Inc.’s (NASDAQ: AAPL) largest suppliers, says it needs additional time to…
U.S. equity markets opened mixed this morning following a blizzard of data releases on the U.S. economy. Before that data came out, however, there was some positive data out of both Europe and Asia.…
ThinkstockThe Japanese economic miracle, which died more than two decades ago, may be in the early stages of resurrection. First-quarter gross domestic product (GDP) rose 3.5%, a number that was not matched in the…
ThinkstockJapanese Miracle Resurrected The Japanese economic miracle, which died more than two decades ago, may be in the early stages of resurrection. First-quarter gross domestic product (GDP) rose 3.5%, a number that was not…
ThinkstockThe erosion of savings, the collapse of the stock market four years ago and home price dips have pressed the retirement age upward. The trend is likely to mean older Americans will work longer,…
ThinkstockJamie Dimon picks many of the current directors of the J.P. Morgan Chase & Co. (NYSE: JPM) board. (Reuters) Google Inc. (NASDAQ: GOOG) releases a streaming music service. (Reuters) JANA Partners take large stakes…
ThinkstockJohn Paulson made a fortune during and after the recession, but he and his investors have not been as successful since (to say the least). Paulson has been taking some licks on gold but…
courtesy of Cisco SystemsCisco Systems Inc. (NASDAQ: CSCO) released its fiscal third quarter corporate earnings after the close of trading on Wednesday. The company posted adjusted earnings per share (EPS) of $0.51 on revenues…
U.S. equity markets opened slightly lower this morning following a number of data releases related to the U.S. economy. Producer prices declined in April and the New York manufacturing index came in much lower…
courtesy of Apple Inc.By Isaac Shapiro, Economic Policy Institute Apple’s (NASDAQ: AAPL) exceptionally large cash reserve led it to recently announce that it would expand the amount of funds to be returned to its…
courtesy of DellDell Inc. (NASDAQ: DELL) is in the midst of what would be one of the largest go-private transactions ever. The PC giant and IT services provider is releasing its quarterly earnings early…