Steve Jobs Dies At 56: Yesterday, Steve Jobs the co- founder of Apple died from pancreatic cancer. Jobs helped build the small computer and software company created in the late 70s to the mega-corporation that boasts a market capitalization similar and sometimes greater than the largest oil company Exxon. Recently, Apple’s market cap was...
Who Is Exposed to Europe? Exposure to Europe may cause some deleveraging. The Euro debt crisis has become front page news with many people who don’t necessarily follow Wall Street aware that there are problems in financial centers in Europe. This week, analysts are looking beyond the crisis itself and checking downstream to see...
Asymmetric Information-Greece Won’t Meet Deficit Reduction Targets: New information shows Greek debt problem is worse than anticipated. Greece released new information that it won’t meet its deficit reduction targets. This raised concerns that the country would not receive bailout funding from the IMF and EU before its mid October deadline. Yesterday, Greece’s finance ministry...
August Durable Goods Orders Fall 0.1 percent but Non-Defense Orders Rise: Lower automobile orders led decline. Durable goods orders fell last month as demand for automobiles and other items meant to last more than 3 years led the decrease. The Commerce Department said today, durable goods orders fell 0.1 percent in August after jumping...
New Home Sales Down 2.5 Percent: The data for the housing sector has been mixed- negative. Existing home sales were up for the month of August while home builders saw a drop in activity. New home sales fell in August by 2.3 percent the Commerce Department said today. New home sales for August remain...
