Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
Silver soaring to another multi-decade high, where do we go from here? Nobody really knows but what I do know… is that it won't stay here. Why?
Because there is just no financial basis for the price of silver to be at $38 an ounce and there is no real trading history on which to gauge strength and resistance.
Whole Foods is a curious experiment in banking.
Between February 23 and March 31, 2011, Whole Foods Market stores are participating in a campaign to raise funds for poverty alleviation through access to microcredit worldwide, in communities where the Whole Foods stores source their products.
So far, Whole Foods shoppers and others contributing to the campaign have donated $2.97 million to microlenders, according to the Whole Foods Foundation.
They say that’s for 16,500 microloans supporting 82,500 people .
Felix Salmon at Reuters takes issue with the way Whole Foods uses the money:
Stock bulls are taking the short thematic walk from “oversold” to “undervalued” to describe why they think the steroid-induced market has yet more daylight ahead.
In the past day or so, prominent market pros including Laszlo Birinyi, Bill Miller and Leon Cooperman have sounded the value trumpet, proclaiming that major indices, despite their meteoric 90 percent gain off the March 2009 lows, have higher to climb.
The defense and the prosecution on the trial of Raj Rajaratnam fought more than ever this week over one question.
The question: Is this information material nonpublic information?
Now that it's in its the third week, it's clear that's the most important question of the trial.
Goldman Sachs chief Lloyd Blankfein admitted that not all Goldman Sachs clients are created equal in the eyes of the firm.
The firm ranks clients in terms of their importance.
On April 20th one year ago, the BP Deepwater Horizon exploded. During the past years, we have heard from the environmentalists as well as the representative of big oil on their positions on the defacto moratorium that has stopped deep water drilling in the Gulf of Mexico.
But caught in the middle of this energy tug of war are the Americans who call the Gulf home. We always talk about the U.S. economy as one entity. But in reality, the U.S. economy is a jigsaw puzzle of local economies.
Dr. Joseph Mason, the MasonHermann Moyse, Jr./Louisiana Bankers Association Endowed Professor of Banking at Louisiana State University and Senior Fellow at The Wharton School, has researched several reports on the economic cost of the Gulf Moratorium. I decided to ask him based on his latest research if things are getting better.
California’s tax collections grew at around half of what the state projected for 2010—indicating that the state’s fiscal situation may be even more dire than previously understood.
California’s tax collections grew 3.79 percent last year, according to data released by the US Census Bureau . At the start of 2010,California was projecting revenue growth of 6.5 percent.
The economy may be in worse shape than many economists and businesses expect.
Orders for US durable goods—manufactured items expected to last more than three years—were predicted to rise 1.5 percent overall, and to rise 2.5 percent excluding the volatile transportation sector.
Portuguese bond yields spike; bailout supposed to come 'soon' [CNBC.com]
Toyota to US plants: 'prepare to shutdown' [CNN Money]
Batch of earnings today includes Best Buy, Research in Motion and Oracle. Get your earnings coverage here .
Economic data includes initial jobless claims and durable good orders. [CNBC.com via Reuters]
Markets seem to be be moving higher and shirking off bad news no matter what, strategist Michael Farr says.
Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.
A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.