In The UK, A Terrifying Glimpse Of Future Water Wars
If you're looking for a sneak preview of our upcoming dystopian future, check out this story by Steven Morris over at the Guardian. It seems that Welsh politicians have begun demanding that Wales be...
View ArticleANALYST: Smartphone Sales Will Dwarf PC Sales This Year And Reach A...
If you think smartphones are hot today, you ain't seen nothing yet. Smartphone sales blew past the number of PCs sold last year, and they'll be nearly twice PC sales this year, analyst Alex Cocotas of...
View ArticleRICHARD BERNSTEIN: Don't Bet On This Risk-On Rally
The performance of the global financial markets in recent months can be described as a risk-on rally. Risk-on assets include commodities, real estate and emerging markets. Risk-off assets include US...
View ArticleHere's One Thing Apple Might Do With That Extra ~$100 Billion In Cash (AAPL)
It's no secret that Apple is sitting on a $98 billion pile of cash. So, lately, the question has been what it'll do with it. According to Bloomberg, it's likely Apple will start paying shareholders...
View ArticleUgh, No, Apple Is Not Worth More Than Poland
CNN has a story today titled this: At $500 billion, Apple is worth more than Poland Sorry, this is just wrong. $500 billion is Apple's market cap -- the entire value of all its parts as judged by the...
View ArticleCITI: This Year's Sea-Change Elections Could Mean Tremendous Volatility In...
Conventional wisdom warns that election years are good for markets as the government pumps money into the economy and does everything else it can to make sure its voters are happy. A new Citi report...
View ArticleCHART OF THE DAY: PRESENTING: The Ron Paul Gasoline Index
Ron Paul hectored Ben Bernanke in Congress, slamming him for printing paper money and lying about the true rate of inflation. At one point, he held up a silver coin, and talked about how much gasoline...
View ArticleCHART: Seriously, Don't Fight The Fed
"The old adage 'don’t fight the Fed' refers to the relatively poor performance of the S&P 500 when the Fed is hiking interest rates," Jeff Kleintop of LPL Financial. See the left bar in the chart...
View ArticleApple Blows Past $500 Billion -- And It's Not Silly To Think It's Headed For...
Apple (AAPL) crossed an amazing milestone in after-market trading yesterday, when its market capitalization exceeded $500 billion for the first time. Apple is one of the only one of four companies in...
View ArticleTHE FED BEIGE BOOK IS OUT: Everything Is Getting Better All Around The Country
The Fed Beige Book was just released. The gist: The economy is improving in just about every district: Reports from the twelve Federal Reserve Districts suggest that overall economic activity...
View ArticleFed's Plosser: We Should Be EVEN MORE Transparent
In January, the Fed's Federal Open Market Committee began releasing information on the underlying policy paths its voting members are forecasting. But in a speech released today, Philadelphia Fed...
View ArticleDEAR OCCUPY MOVEMENT: Your New Message Sucks
The Occupy Wall Street movement returns to the streets this week, targeting some of the biggest corporations in America. Dubbed the "Shut Down the Corporations" rally, protesters will chant, shout and...
View ArticleLARRY FINK: Companies Have A 'Moral Responsibility' To Get Employees To Save'
Recent polls show anxiety about retirement is surging. Larry Fink, CEO of BlackRock, says companies must now respond accordingly. "Companies have a moral responsibility to help both full-time and...
View ArticleThe TRUTH About The Impact Of Big Product Announcements On Apple Shares (AAPL)
Shares of Apple have been surging like crazy lately, and the stock seems to have gotten some extra juice lately since the company all-but confirmed the unveiling of the iPad 3 on March 7. Now...
View ArticleFebruary Retail Sales Are SMASHING Expectations, Target Stores Up 7.0% (GPS,...
Retailers slowly reporting February same-store sales and there is one clear consensus: consumers are spending again. Same-store sales across a panoply of companies are beating expectations this...
View ArticleWhy Germans Still Love Angela Merkel
BERLIN — Merkel is facing yet another difficult juggling act. When European leaders gather in Brussels Thursday for another summit, the German chancellor will be under immense pressure to boost the...
View ArticleART CASHIN: We May Have Just Witnessed The Presence Of Artificial...
Wednesday morning, there was a violent sell-off in stocks that seemed to start exactly at 10:00 AM. This had some New York Stock Exchange floor traders scratching their heads. Art Cashin, UBS...
View ArticleISM Manufacturing Misses Expectations
UPDATE: Manufacturing in the U.S. continued to expand in February, although at a lower rate than in the first month of 2012, a new report out of the Institute for Supply Management says. The key...
View ArticleJanuary Construction Spending CONTRACTS By 0.1%
UPDATE: Construction spending contracted by 0.1% on a monthly basis in January. That's a huge disappointment since expectations were for growth of 1.0%. This number marks a dark smudge on the series...
View ArticleDid The 'Bernanke Put' Just Come Back?
So today was pretty mediocre for domestic data: ISM missed expectations, all of the sub-components were poor, personal income for January was poor, personal spending missed expectations, and...
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