Provided by Business Insider: A very interesting move by Google this morning, buying handset hardware maker Motorola for $12.5 billion. But let’s be real: This deal could end up being a disaster. How? Well, let’s have a look at the host of questions and challenges the deal raises, starting with this one: How do HTC [...]
“An economy in which you have homeless people and empty homes doesn’t make any sense and that’s where we’re heading,” Nobel laureate Joseph Stiglitz told the Daily Ticker earlier this week. With home prices continuing to fall in most of the country and sales volume off 13% last quarter compared to prior year, the housing [...]
The United States military budget accounts for over 40% of the world’s annual military expenditures and, at around $700 billion per year, more than 20% of the federal budget. The Federal government wants to curb that spending as part of deficit reduction. Last week’s deficit deal calls for up to $350 billion in cuts over [...]
Follow The Daily Ticker on Facebook here! What a difference a month — and a brewing financial crisis — makes. In early July, Moody’s economist Mark Zandi told The Daily Ticker the U.S. economy was poised to “reaccelerate,” predicting GDP growth close to 3% growth in the third quarter and approaching 4% in the fourth. [...]
Follow The Daily Ticker on Facebook here! Wall Street’s wildest week since 2008 continued with another 400-plus point move for the Dow on Thursday. The Dow Jones industrial rose as much as 549 points, or 5.1%, before closing the day up 423 points or 4%. The S&P 500 and Nasdaq both gained more than 4.6%. [...]
Follow The Daily Ticker on Facebook here! Outside of the market madness, the biggest global news this week might be China sending its first aircraft carrier to sea. The launch was not unexpected and China sought to downplay its significance, saying “it will not pose a threat to other countries.” Still, “it is the most [...]
Follow The Daily Ticker on Facebook here! They never really went away so don’t call it a comeback…but it’s been a big week for bailouts. Here are some highlights: Uncle Ben to the Rescue: The Fed pledged to keep rates at exceptionally low levels (read: zero) until mid-2013 and “discussed the range of policy tools [...]
Here we go again. After dramatic moves in the futures markets, U.S. stocks opened higher Thursday morning after European bourses reversed early declines. The primary focus of concern — as it was yesterday – is French banks. Societe Generale initially rallied after its CEO denied rumors the bank faces a funding crisis, then plummeted anew [...]
Follow The Daily Ticker on Facebook here! As the sovereign debt crisis in Europe continues to worsen and global stock markets go haywire, the question on everyone’s minds is whether we’re witnessing the Crash of 2008 all over again. No way, says David Kotok, the Chief Investment Strategist at Cumberland Advisors. “Panic, fear, uncertainty certainly [...]
Goldman Sachs is telling its clients to expect another round of quantitative easing from the Federal Reserve within the next year, which if it came about, would follow two previous efforts by the U.S. central bank. “We now see a greater-than-even chance that the FOMC will resume quantitative easing later this year or in early [...]
The market roller coaster took another big dip down Wednesday, with the Dow tumbling more than 400 points midday before stabilizing a bit. If you’re like most non-professional traders, these kinds of wild market swings — down 635 Monday, up 430 Tuesday, down 400 Wednesday — can be gut-wrenching, confusing and downright scary. (Rest assured, [...]
Stocks resumed their decline on Wednesday — the third big drop in the last five trading days. The Dow Jones Industrial Average closed down 520 points, or 4.6%. The S&P 500 fell 4.4% to close at 1,121, while the Nasdaq was taken down more than 101 points to the end the day at 2,381. In [...]