Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, would like the central bank to get out of the QE2 business as soon as possible. He offers a number of...
China announced that its trade surplus in October was $27.1 billion. The news will certainly be used by the US and other Western developed nations to show that China continues to manipulate the yuan...
Today’s FOMC Minutes from the June 21 to 22 Fed meeting may have had a small impact in the markets today, but the real question is whether or not two-week old data should matter when a mountain of...
Repsol YPF (NYSE:REP) is one of the ten largest integrated oil companies in the world. It is based in Madrid, and owns substantial assets in South America. Repsol reported third quarter earnings...
HSBC released its preliminary reading of China’s August PMI. The figure was 47.8, which is a nine-month low. The reading was below July’s 49.3. A number under 50 means the manufacturing sector is...
Ben Bernanke is not going to jam a new stimulus or easing package in any form of QE3 by the sound of his highly awaited speech in Jackson Hole today.  The indication is that, despite a promise that...
News from Abbott Laboratories (NYSE: ABT) on its positive Phase II study results from two different interferon-free hepatitis C treatment has the entire drug sector up in arms as it pertains to...
AutoZone Inc. (NYSE: AZO) reported first quarter fiscal 2013 results before markets opened this morning. The auto parts retailer reported quarterly diluted earnings per share (EPS) of $5.41 on...
The most vocal  opponent of QE3, Richmond Fed President Lacker, went so far as to issue a press release on the website of the Richmond Federal Reserve explaining why he opposed the monetary plan...
The FOMC, as expected, has left the Fed Funds rate unchanged in another 10 to 1 vote.  More important is the FOMC’s outlook on the economy, inflation, and on quantitative easing progress.  Ben...
Pep Boys – Manny, Moe & Jack has announced that it has agreed to be acquired by Bridgestone to the tune of $15 per share in an all-cash transaction, totaling $835 million.
FirstEnergy Corporation (NYSE:FE) reported 2008  EPS of $4.38, higher than anticipated EPS of $4.33. Revenue for the year also beat expectations, coming in at $14.6 billion compared with average...
Most people have been drinking tap water all of their lives. It is a bit surprising that consumers who have been raised on one beverage take a liking to another. Desani, a desginer water which is...