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The Nasdaq was able to shake off the lousy jobs number today, and is up 31 points in mid-day trading. Apple, Dell, and Verizon are also way up – at around 3% each – as the market waits for Washington to come to terms on another bailout relief bill. The … |
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Last week, in the middle of the worst stock market meltdown since the 1930's, U.S. Secretary Henry Paulson called on some of the banking industry's leading lights to figure a way out of this mess. Paulsen, with Lloyd Blankfein (Goldman Sachs), John Mack (Morgan Stanley), Vikram Pandit (Citigroup), Jamie Dimon … |
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The impact from the ongoing credit crisis is finally starting to translate into layoffs for the tech sector. The folks I'm talking to say that AT&T, Apple, Yahoo, Sun, eBay, Microsoft, Nortel, HP, EDS, and even Google are going to be passing around pink slips with alarming aggressiveness in weeks … |
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Well, as they say in Vegas, in for a dime, in for a dollar. Or in the case of the Congressional bailout that President Bush wasted no time whipping out his sharpie and signing into law, how about $700 billion? The revote in the U.S. House of Representatives was never … |
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The stock market seems to be playing a waiting game with a Congressional bailout taking on a new shape in Washington. I’m hearing about a new bailout plan that would raise FDIC insurance limits from $100,000 to $250,000 and would include some kind of capital gains tax relief to ease … |
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I might have mentioned that I wrote the book proposal and the first two chapters for Peter Schiff (aka "Dr. Doom) and his increasingly prescient book "Crash Proof: How To Profit From the Coming Economic Collapse." Schedule conflicts made it impossible to keep working on the book, but Schiff finished … |
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I've been writing for a year now on how the information technology sector would be impacted by an economic downturn. Well, it looks like we're going to really find out. As I've written, when credit dries up and loans and capital are hard to get, tech companies hunker down and … |
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The market is hovering around positive territory - but barely - after billionaire financier Warren Buffett announced that he was plugging in $5 billion to newly-minted commercial bank Goldman Sachs. The investment was seen as a vote-of-confidence in the splintered financial sector by one of America's most respected market visionaries. … |
The End.