Updated from 1:20 p.m. ET Are Treasuries the next bubble? A lot of traders seem to think so after a sharp rally in Treasury prices sent yields down to their lowest levels in decades.”There’s more risk in things people think ar
So far, this week’s tech news is a mix of the bad, the good and the highly speculative.In the first and second categories, Research in Motion reported long after the close last night that it blew its third quarter: Quarterly sales will drop between $
From ClusterStock:If the TARP were a private company, it would have a Sarbanes-Oxley problem. The Government Accountablity Office has just published its take on the TARP.
Among the many conclusions reached is that the TARP lacks adequate
internal contro
Updated from 11:41 a.m. ET The automakers return to Capitol Hill for hearings this week with a plan for survival and seeking an even bigger handout than last month.Update: UAW President Ron Gettelfinger said Wedn
Friday’s jobs report is expected to show payrolls dropped 325,000 in November, which will be the 11th consecutive month of declining payrolls. The unemployment rate is forecast to rise to 6.8%, which would be the highest since 1993, Bloomberg reports. …
From ClusterStock, Dec. 2, 2008:After yesterday’s horror show, the stock market battled back with
the major averages gaining between 3%-4%. For a few moments there, it
looked like the wheels were going to come off, early in the afternoon
after GM threw
Unless the government takes “big, bold and quick” action, the U.S. economy is headed for its deepest recession since World War II, says Nariman Behravesh, chief economist of IHS Global Insight and author of Spin-Free Economics
Goldman Sachs stock was a notable laggard during Tuesday’s recovery effort, hit by a WSJ story forecasting the firm will suffer a wider-than-expected loss of $2 billion, or $5 per share, for the quarter that ended Nov. 28.A loss of that magnitude (or anyt
From Silicon Alley Insider, Dec. 2, 2008:Former AOL CEO Jon Miller is trying to raise money to buy Yahoo,
says the WSJ. A great idea at this price, but probably tough to raise
the money for a full buyout at the $20-$22 mentioned below. There’s
another
After Monday’s rout, stocks were rallying sharply midday Tuesday thanks in part to semi-hopeful comments from Ford CEO Alan Mulally.While seeking a $9 billion “bridge loan” from the government, Mulally said Ford: Does not foresee a liquidity cru
From Silicon Alley Insider, Dec. 2, 2008:The dean of newspaper analysts, Alan Mutter, says that demolished newspaper companies are finally preparing to make extreme cost cuts to save themselves. …
Goldman Sachs released a list of 16 cash-rich tech stocks with solid fundamentals, and there were some surprises. No Microsoft, Oracle, Cisco, or Google. The only household name featured was Apple, with 30 percent of its market cap in