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  • The pros and cons of buying a Tesla [View news story]
    Read this week that the military will pay $3.07 million each for new Hummer.
    Aug 25 01:07 PM | 1 Like Like |Link to Comment
  • Smith & Wesson: Analysis And Management Meeting Imply 100% Upside Potential [View article]
    Gun deaths drive sales. Another mass killing will give stock a pop.
    Aug 4 09:14 PM | 3 Likes Like |Link to Comment
  • More on Obama's NYT interview: Obama played down claims TransCanada's (TRP) Keystone XL pipeline would generate large numbers of jobs. "The most realistic estimates are this might create maybe 2,000 jobs during the construction of the pipeline...and then after that we're talking about somewhere between 50 and 100 jobs." Obama also disputed that the line would cause gasoline prices to fall, saying it could do the opposite because it would lead to increased exports. Obama will decide whether to approve Keystone based on how much carbon would be added to the atmosphere because of it, but he isn't certain Canada is doing enough to resolve concerns about pollution. (Interview transcript[View news story]
    President is right, cancel the pipeline and lower gasoline prices in US.
    Jul 29 09:30 AM | 1 Like Like |Link to Comment
  • An "industrial dance … choreographed by Goldman"" and others has cost consumers $5B or more over three years by driving up the premium on aluminum in the spot market, The NY Times says. Since Goldman bought Metro International Trade Services in 2010, warehouse customers' wait for deliveries has gone from six weeks to 16 months. The strategy allegedly involves paying incentives to encourage banks, hedge funds, and traders to renew aluminum leases and then shifting that metal from one warehouse to another in order to comply with regulations which require 3K tons to be shipped each day. Banks may also derive a trading edge from the "valuable market information" they collect by controlling warehouses, the Times notes. (previous[View news story]
    Who were the first to be bail out by taxpayers in 2008? All big banks and insurance companies.
    Jul 21 11:11 AM | 1 Like Like |Link to Comment
  • The number of rigs drilling for natural gas in the U.S. rose for a third straight week, climbing by seven to 362, but the count still hovers just above 18-year lows, according to Baker Hughes' latest data. Oil rigs fell by four to 1,391 and off from a nine-month high of 1,413 four weeks ago. Don't mess with Texas: The state has 832 rigs drilling for oil or gas, 47% of all U.S. rigs and a quarter of all rigs worldwide. [View news story]
    Science made Texas economy strong, conservatives fight science.
    Jul 13 05:18 AM | Likes Like |Link to Comment
  • Wal-Mart (WMT +0.9%) says it will give up plans to expand into Washington, D.C. after the city council passed a bill to hike the minimum wage to $12.50 per hour. The controversial measure contains a provision exempting companies with unions from paying the higher minimum wage. [View news story]
    No government payments to Wal-Mart (worker food-stamps) .
    Jul 11 12:40 PM | Likes Like |Link to Comment
  • Wal-Mart (WMT) says it will not open three planned stores in the Washington D.C area if a bill passes raising the minimum wage to $12.50/hour for retailers "with sales over $1B and retail spaces of 75K square feet or more." The company's stance is "immensely discouraging," Mayor Vincent Gray says. [View news story]
    Good for Washington DC, why should taxpayers pay Wal-Mart workers with food stamps, public housing, etc.
    Jul 10 04:47 PM | Likes Like |Link to Comment
  • Chevron (CVX) announces plans to invest millions of dollars to expand its Houston facilities, building a new 50-story downtown office tower and creating ~1,750 new jobs in addition to CVX's ~9,000 employees and contractors already working in the city. The company will enjoy a $12M assist in the project, courtesy of the state of Texas. [View news story]
    Texas has among the highest sales taxes in US.
    Jul 3 11:02 PM | Likes Like |Link to Comment
  • The Treasury Department says it will delay penalties for large employers who fail to provide workers with health insurance, after being inundated by questions from the business community about the finer points of the health-care overhaul. The requirements were initially scheduled to begin when the bulk of the health-care law takes effect next year, but the administration now will wait until 2015 before enforcing mandatory employer and insurer reporting guidelines. [View news story]
    Wise move my President, he wants to make sure everyone understands the new laws, and win the House and Senate in 2014, as Conservatives are in a civil war over who is a real conservative.
    Jul 2 09:48 PM | Likes Like |Link to Comment
  • Latest blow to Paula Deen, who was dropped like a hot potato by various employers and sponsors throughout the week (I, II, III) comes from Random House. Until Friday, the one bright spot of the chef's week was the #1 spot on Amazon's (AMZN) best-seller list taken by pre-orders for her newest book, due in October. But Random House, the publisher, has now backed away from publishing the book and cancelled the rest of its contract with Deen. Sears, J.C. Penney, K-mart, Walmart and Target all had announced they would stop selling Deen-branded products, including books. Also yesterday Novo Nordisk (NVO) did finally drop her as a spokesperson.
      [View news story]
    Most Americans are glad the large companies are dropping Paula Deen. She is not a good
    example for a national spokesperson.
    Ever day more negative comments she made come out.
    Jun 29 01:32 PM | Likes Like |Link to Comment
  • June Consumer Confidence: 81.4 vs. 75.0 consensus; 74.3 in May (revised). [View news story]
    US has best economy in 5 years.
    Jun 25 10:51 AM | Likes Like |Link to Comment
  • Google (GOOG) is preparing to launch Mine, a Google+ feature that allows users to create and share a list of their belongings, as well as create wish lists and allow friends to learn of items available for borrowing. The service could be an effective/sneaky way of getting users to share more about their buying activity/interests (an area where budding ad rival Amazon has an edge), which in turn could improve ad targeting. It could also give Google+, still suffering from low engagement, a way to stand out relative to Facebook (FB) ... provided Facebook doesn't "borrow" the idea. [View news story]
    Social media is dangerous for adults over 21.
    Jun 23 02:52 PM | Likes Like |Link to Comment
  • Money manager and Fox Business contributor Tobin Smith is dumped by the network following a report his firm accepts money from microcap companies to promote their stocks. Smith and friends just pocketed $50K from a stock endorsement for Petrosonic Energy (PSON.OB), a Bulletin Board company that has no revenues - "taking a bag of cash and luring the dumbest, poorest people into losses," Josh Brown says[View news story]
    Fox News strikes again.
    Jun 18 08:27 PM | 3 Likes Like |Link to Comment
  • "Many Americans don't have enough money to carry them through retirement," writes Jeff Sommer in the NYT. A recent study found that around 44% of households in the baby boom and Generation X generations are likely to run short of cash in their retirement years. One (temporary?) problem is low bond yields, while another is that people are "ill equipped" to mange Individual Retirement Accounts. And then there are 401(k) and other defined-contribution plans, which have ended up as a major part of the retirement system rather than as the supplements they were supposed to be. [View news story]
    Over the last 40 years there has been a huge money transfer from the bottom 90% to top few percent. In 1950's top tax rate was 91% on wealth not paid to your workers, today,well you know.
    Jun 16 01:58 PM | 2 Likes Like |Link to Comment
  • U.S. domestic crude oil production exceeded imports last week for the first time in 16 years, according to the EIA's latest data. Since Jan. 1997, weekly U.S. crude imports averaged ~9.2M bbl/day, topping domestic output by 3.5M bbl/day. But by late 2014, U.S. crude oil output should top imports by nearly 2.5M bbl/day. A slow shift, 16 years in the making, is set to become a flood in little more than 16 months. [View news story]
    God bless President for this turnaround, high paying jobs,low cost gasoline.
    Jun 5 11:12 PM | 1 Like Like |Link to Comment