Unemployment hit 8.9 percent in April and some predict that number could climb to over 10 percent in 2009. But how far can this streamlining really go? See the S&P 500's leanest companies.
Unemployment hit 8.9 percent in April and some predict that number could climb over 10 percent in 2009 as major companies further streamline operations to combat the recession. While some industries are more labor intensive than others, employee productivity is a key measure that managers and investors look at when evaluating performance. Take a look at which companies are squeezing the most out their shrinking workforces.
The imbalance in housing demand and inventories will continue to keep home prices down for some time, said Michelle Meyer, economist at Barclays Capital, and Karen Weaver, analyst at Deutsche Bank.
It’s time to get into home builder stocks, said Jim Wilson, managing director at JMP Securities. Mike Crofton, CEO of Philadelphia Trust Company, disagreed — but had some housing-related picks of his own.
Cramer ventured a guess during Wednesday's Stop Trading!. Plus, a look at the recession's impact on the booze business. People drink more during hard times, right?
Stocks capped a relatively good week with a thud Friday as investors locked in profits.
Cramer explains why the market's pause is right. Plus, calls on the banks, homebuilders and natural gas.
Stocks fell sharply Friday, led by bank and technology issues, as investors locked in profits after a two-day winning streak.
With huge equity rallies from the lows across Japan, US, and China, markets are trying to decide if this is anticipation of growth or if it's the euphoria from surviving a near economic-death experience. Unfortunately with retail sales and industrial production collapsing around the globe, it should come as no surprise that earnings for companies worldwide are a disaster.
Dear Mr. Geithner, go pound sand: yesterday, Bank of Florida announced that it was withdrawing its application for TARP funding: "...details of what the government now expects of TARP recipients, and the heightened oversight and cost that may result, have made it clear that the current structure of TARP is no longer in line with our strategic initiatives, which include potential acquisitions," the bank said in a statement.
US stock index futures pared losses slightly Friday after a report showed personal spending rose for a second straight month.
The U.S. attorney's office says the former chairman and CEO of KB Home has been named in an indictment charging him with conspiring to defraud the homebuilder and shareholders through a stock option backdating scheme.
Lennar is seeing a feeding frenzy of bearish options trading, as hedge fund managers circulate rumors that the homebuilder has hired a bankruptcy law firm.
Hope for a modest recovery in the housing sector spurred by a recent decline in mortgage rates, seems to be a far fetched pipe dream.
And retail while you're at it. Plus, Cramer makes the call on CVS, Medco, KB Home and more.
Major homebuilders are down across the board today as Lennar faces fraud accusations from a self-described consumer group.
524,000 jobs lost in December is pretty terrible, in line with estimates, but it is well below the whisper numbers of 600-700,000 that many were expecting. Despite the poor numbers, it is doubtful this will dramatically increase the size of the stimulus package.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The promise of an Obama stimulus package has raised hopes that the battered housing sector will soon stabilize. That's encouraged investors to buy home builder stocks — but Ivy Zelman of Zelman and Associates warns investors to be very selective.
We finished the day down, but these two guys were responsible for much of the trading session’s strength, Cramer says.