Unemployment rates dropped in seven of nine election battleground states, according to the state-by-state report for September. It's good news for Pres. Obama, but he may not be able to capitalize on it. In Ohio, the rate has recovered to 7% from 8.6% a year ago, but the Obama campaign doesn't bring up the subject because it fears the more people think about the economy, the more they will vote for Romney. [View news story]
Once the liar Obama is out of office we will get our country back.
The SEC's probe of Facebook's (FB +0.1%) IPO has found no evidence thus far the company withheld important info from investors, a source tells Bloomberg. The agency is also looking at other issues, such as whether investors were given misleading info from brokers, and whether i-bankers made selective disclosures to analysts. The report comes as Facebook and its underwriters contend with an avalanche of lawsuits. Shares are closing near breakeven on a rough day for tech. [View news story]
Pres. Obama may have caught a break in today's jobs numbers, but retail gasoline prices - already the highest on average since July 2008 - likely will continue to climb this month as refinery and pipeline problems overshadow weakness in U.S. consumer demand. "It will only take another refinery issue and a bit more geopolitical noise to have the first U.S. election [with gas] at $4/gallon," one analyst says. [View news story]
The jobs numbers I believe are manipulated and Obama is in panic mode.
The House has passed the No More Solyndras Act, which would curtail a DOE loan guarantee program that ignited a firestorm of controversy after a certain solar manufacturer went belly-up. The bill, passed mostly on party lines, has little chance of clearing the Democrat-controlled Senate, but it highlights the tense political climate the DOE program, which U.S. solar vendors such as First Solar (FSLR) and SunPower (SPWR) depend heavily on, operates under. [View news story]
You can thank Obama for Solyndra and he should return the money funneled back to him at the tax payers expense.
Life after DVDs: Though the market for DVDs is on life support with digital options proliferating, movie studios might not miss a beat with over 200 cable, satellite, and Internet services now offering post-theatrical movie viewing options. The next wave could see heavyweights players such as CBS, Netflix, Coinstar, Amazon, and Apple start bidding even higher to land exclusive rights to premium content or move in the other direction to invest in their own original programming [View news story]
Your comment is so true as I search for good music and have trouble finding anything worth buying.
Anti-Western protests continue to spread. Protesters have scaled the walls of the U.S. Embassy in Tunisia and replaced the American flag with a black flag. The Embassy is reportedly on fire. Earlier, the German and British Embassies in Sudan were rushed. The University of Texas orders its buildings be evacuated after a bomb threat from a caller claiming to be with Al-Qaeda. [View news story]
General Motors (GM -0.4%) disputes a published estimate from Reuters claiming that the automaker loses $49K per Chevrolet Volt. At issue is if development costs of the program should be divided across the lifetime volume of Volts or the current number sold. [View news story]
I believe Reuters to be correct over the corrupt GM.
The entire solar sector is taking a beating from First Solar's (FSLR -18.6%) woes and a string of weak earnings reports from China Sunergy (CSUN -7.5%), JA Solar (JASO -1%) and Yingli Green (YGE -10.8%). ThinkEquity cuts YGE to Sell based on “persistent losses," setting a price target of $1; Maxim warns of a "mounting” cash drain and net debt that “has reached dangerous heights." [View news story]
The put/call ratio on the S&P 500 moves to the danger zone - low enough to signal few enough are hedging against stocks falling as to almost assure that outcome. However, cautions Tommy Thornton, wait for indicator to turn higher before beginning to sell. [View news story]
Obama four more years of his destruction of America.
Unemployment rates dropped in seven of nine election battleground states, according to the state-by-state report for September. It's good news for Pres. Obama, but he may not be able to capitalize on it. In Ohio, the rate has recovered to 7% from 8.6% a year ago, but the Obama campaign doesn't bring up the subject because it fears the more people think about the economy, the more they will vote for Romney. [View news story]
The SEC's probe of Facebook's (FB +0.1%) IPO has found no evidence thus far the company withheld important info from investors, a source tells Bloomberg. The agency is also looking at other issues, such as whether investors were given misleading info from brokers, and whether i-bankers made selective disclosures to analysts. The report comes as Facebook and its underwriters contend with an avalanche of lawsuits. Shares are closing near breakeven on a rough day for tech. [View news story]
Nokia's Lumia 920 AT&T Exclusivity Is A Huge Mistake [View article]
Pres. Obama may have caught a break in today's jobs numbers, but retail gasoline prices - already the highest on average since July 2008 - likely will continue to climb this month as refinery and pipeline problems overshadow weakness in U.S. consumer demand. "It will only take another refinery issue and a bit more geopolitical noise to have the first U.S. election [with gas] at $4/gallon," one analyst says. [View news story]
The House has passed the No More Solyndras Act, which would curtail a DOE loan guarantee program that ignited a firestorm of controversy after a certain solar manufacturer went belly-up. The bill, passed mostly on party lines, has little chance of clearing the Democrat-controlled Senate, but it highlights the tense political climate the DOE program, which U.S. solar vendors such as First Solar (FSLR) and SunPower (SPWR) depend heavily on, operates under. [View news story]
Nokia Will Outperform Apple [View article]
Nokia May Tumble Further After Lumia Mess [View article]
Life after DVDs: Though the market for DVDs is on life support with digital options proliferating, movie studios might not miss a beat with over 200 cable, satellite, and Internet services now offering post-theatrical movie viewing options. The next wave could see heavyweights players such as CBS, Netflix, Coinstar, Amazon, and Apple start bidding even higher to land exclusive rights to premium content or move in the other direction to invest in their own original programming [View news story]
Anti-Western protests continue to spread. Protesters have scaled the walls of the U.S. Embassy in Tunisia and replaced the American flag with a black flag. The Embassy is reportedly on fire. Earlier, the German and British Embassies in Sudan were rushed. The University of Texas orders its buildings be evacuated after a bomb threat from a caller claiming to be with Al-Qaeda. [View news story]
General Motors (GM -0.4%) disputes a published estimate from Reuters claiming that the automaker loses $49K per Chevrolet Volt. At issue is if development costs of the program should be divided across the lifetime volume of Volts or the current number sold. [View news story]
The Nokia Tragedy Continues [View article]
Nokia Is Finnished: Windows 8 Is No Savior [View article]
The entire solar sector is taking a beating from First Solar's (FSLR -18.6%) woes and a string of weak earnings reports from China Sunergy (CSUN -7.5%), JA Solar (JASO -1%) and Yingli Green (YGE -10.8%). ThinkEquity cuts YGE to Sell based on “persistent losses," setting a price target of $1; Maxim warns of a "mounting” cash drain and net debt that “has reached dangerous heights." [View news story]
The put/call ratio on the S&P 500 moves to the danger zone - low enough to signal few enough are hedging against stocks falling as to almost assure that outcome. However, cautions Tommy Thornton, wait for indicator to turn higher before beginning to sell. [View news story]
Facebook - From Headliner To Also-Ran [View article]