NEW YORK (AP) -- Shopping binges on the day after Thanksgiving were likely not enough to save a dismal November for retailers, leaving them with what's expected to be a second straight monthly sales drop and fueling concerns about how much consumer spending can fall....
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Semiconductor companies are planning sharp production cuts for both Q4 2008 and Q1 2009, according to a report today by Craig Berger, chip analyst at Friedman Billings Ramsey. He says that PC chip firms are seeing “significant production weakness,” as are communications IC producers - and that semiconductor companies are adjusting their own output accordingly. Here’s a rundown...
NEW YORK (Reuters) - Maurice "Hank" Greenberg, the former chief executive of American International Group Inc , is seeking more information from the company on its agreement with the U.S. government over assets that have cost the giant insurer dearly.
Adam Hewison released a video yesterday regarding Monday’s bearish move and where it occurred in context and what it might mean for the broader market - it’s definitely worth viewing to see his views and price projections. Entitled “The Dow Crash,” though it isn’t as tragic as it sounds, Hewison takes us through line, bar, and candle charts on the Daily and Weekly ...
This week’s economic reports will be highlighted by Friday’s unemployment report, which analysts expect will illustrate the 11th straight month of declining job ranks in the U.S. economy. Non-farm payroll employment fell by 240,000 in October, and the unemployment rate jumped to 6.5%, up from 6.1% the month before, the Bureau of Labor Statistics reported in early November. October&r...
On Today’s Calendar: nothing More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. Also be sure to check my typical swing trade entry & exit rules. Potential day trades: (From Briefing.com) Gapping Down In reaction to disappointing earnings/guidance:...
5 stocks with super yields, 7 price tags that are falling & 10 investing winners in 2008 - Today in Money 12/2
Tue, Dec 2, 9:09 AM ET
Filed under: General Electric (GE), Ford Motor (F), General Motors (GM), Diageo plc (DEO), Money and Finance Today, Sears Holdings (SHLD), Goldman Sachs Group (GS), Mattel, Inc (MAT), Staples Inc (SPLS)In the News: · Stocks Look to Rebound From Monday's Huge Drop · Big 3 Automakers Head Back to Washington to Ask Congress for Money · GM Looking to Rid Itself of Brands Like S...
Historically, the market has been fairly benevolent to investors during Thanksgiving week and last week was no exception. The S&P 500 rebounded 12% for the week, which was certainly a welcome occurrence. The market strung together 5 straight positive days in a row, a significant feat considering, prior to this, the S&P 500 had not even had two consecutive up days the entire month of Nov...
Dull times these are not – Monday was another whirlwind that culminated with another steep drop in equity markets, despite clear indications that Bernanke & Co. are ready for a broader campaign of quantitative easing. The day brought more recession news, of the official variety, as the NBER declared the recession began in December 2007. My own estimation was closer to the middle of th...