Nearly every trading day we hear news coming out of Europe or Asia that is considered important. This news is usually spun by the media as the reason or catalyst for a rally or sell off in the stock market. Today, the financial news will tell you that the stock market is lower because Greece [...]
ATHENS/PARIS (Reuters) – An anti-austerity backlash by voters in Greece and France shook the euro zone on Monday, causing jitters for the euro currency and stock markets amid deepening doubts about whether Greece has a future in the single currency are…
By Jonathan Burton, MarketWatch
SAN FRANCISCO (MarketWatch) — Pref…
Last updated:
May 6, 2012 6:05 pm
By Telis Demos in New York
NEW YORK (Reuters) – Comcast Corp’s NBCUniversal business exercised an option to sell “a substantial portion” of its stake in A&E Television Networks to joint-venture partners, a filing from the media company showed.
Comcast, which ow…
NEW YORK (Reuters) – After Wall Street’s worst week of the year, U.S. stock investors will look across the Atlantic this week to take cues from Europe as France and Greece go to the polls.
That could offer some respite from a string of we…
Australia is on track for a modest budget surplus, Treasurer Wayne Swan said Sunday ahead of this week’s unveiling of his fifth budget for the mining-powered economy.
Australia, which survived the global financial crisis without dipping into recession,…
After falling 1.3% yesterday, the Dow Jones Industrial Average (INDEX: ^DJI ) closed the week down 1.4%. The red ink was thickest for these three names:
Caterpillar and Bank of America plunged after yesterday’s mediocre jobs report. When jobs are scarce and employers stingy on wages, it becomes harder to pay off household and consumer debt. Two-thirds of B of A’s loans — $600 billion — fall into these categories, so the bank should have a strong interest in full employment. Though JPMorgan Chase (NYSE: JPM ) , which plunged 3.7% this week, has more extensive trading and investment banking operations than B of A, it of course has quite a bit of exposure to household and consumer debt, too.
It’s a similar worry for Caterpillar. It’s hard to get construction unless we see paychecks that allow consumers to buy things, or government spending picks up.
Unfortunately for Cat, unprecedented budget cutbacks — particularly at the state and local level — continue to decimate transportation construction. Transportation was one of the only sectors of the economy to actually lose jobs after state and local spending cuts subtracted 0.14 points from GDP. And you don’t ordinarily associate tech stocks with economic cyclicality, but Cicso does depend on government contracts for a big part of its business. The company reports quarterly earnings next Wednesday, so we’ll find out soon enough.
One mediocre jobs report doesn’t spell doom, but investors are clearly afraid of a three-peat to the past couple of years, where the recovery seemed strong but ultimately failed to pick up enough steam.
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As Warren Buffett and his disciples gather in Omaha for Berkshire Hathaway (NYSE: BRK-A – news) ‘s
annual meeting, the question of who will be his eventual successor is on the
agenda.In spite of being the world’s most famous investor, Warren Buf…
LONDON (Reuters) – Just this once, might it be wiser to ‘buy in May’? Followers of the slightly tired but remarkably prescient old stock market adage “Sell in May and stay away” are justifiably confident that history is on their side.
…
Gerald Celente’s Global Economic Forecast Outlook on The Alex Jones Show 2/4
Jim Rogers – CapitalAccount – 03 Feb 2012
Peter Schiff on Goldseekradio.com 20 Dec 2009
UFO AND ALIENS ARE REAL SAYS FORMER CANADIAN HEAD OF DEFENCE
UFO AND ALIENS ARE REAL SAYS FORMER CANADIAN HEAD OF DEFENCE
Markets Setup For Major Move Later This Week
