Economy Watch: July 26, 2009 - August 1, 2009
Post Co. Moves Back Into the Black: What Does It Mean?
The Washington Post Co. -- employer of The Ticker -- moved back into profitability in the second quarter of this year and the newspaper division trimmed its losses, though on first glance it doesn't look that way. Click here to...
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Frank Ahrens
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July 31, 2009; 11:35 AM ET |
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| Tags: Washington Post Co.
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GDP Fuels Solid Market Opening
A better-than-expected report this morning on GDP fueled a strong opening by Wall Street, which is solidly in the green across the board. In the first 20 minutes of trading, the Dow was up 52 points, or about 0.6 percent....
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Frank Ahrens
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July 31, 2009; 9:59 AM ET |
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The Ticker
| Tags: Dow Jones, GDP, nasdaq, s&p 500
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Will GDP News Turbocharge Market Today?
Throughout the week, traders and analysts have suggested that the ongoing stock market rally (over the past two weeks, S&P 500 is up 7 percent, the Nasdaq is up 8 percent, the Dow is up 9 percent) is in the...
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Frank Ahrens
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July 31, 2009; 9:30 AM ET |
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| Tags: Dow Jones, GDP, nasdaq, s&p 500
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Nintendo Wii Sales Drop for First Time, 'Video Game Index' Plunges
Japanese game-maker Nintendo said today that sales of its popular Wii motion-sensing game console -- which has outsold Sony's PlayStation and Microsoft's Xbox -- fell for the first time in its three-year history. Sony also reported today that sales of...
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Frank Ahrens
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July 30, 2009; 11:49 AM ET |
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The Ticker
| Tags: Microsoft, Nintendo, PlayStation, Sony, Wii, Xbox
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Markets Open Up Strongly
Wall Street opened up strongly this morning, as industrial giant General Electric got some good news from a key lawmaker. In the first 15 minutes of trading, the Dow was up 74 points, or about 0.8 percent. The S&P 500...
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Frank Ahrens
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July 30, 2009; 9:51 AM ET |
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The Ticker
| Tags: Barney Frank, Dow Jones, GE, nasdaq, s&p 500
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Mass. Treasurer Rips Mandated Health Insurance
In 2006, the state of Massachusetts required every single one of its residents to get health insurance, and every single one of its businesses to provide it. Otherwise, residents and employers would be fined. Some have asked, as national healthcare...
By
Frank Ahrens
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July 29, 2009; 4:45 PM ET |
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The Ticker
| Tags: Deval Patrick, Massachusetts, Mitt Romney, Tim Cahill, healthcare reform
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10 Reasons To Hide Under Your Bed
Economist Nouriel Roubini is known by some as "Dr. Doom" for his excessively bearish outlook. But he looks like Polly Positive compared to this piece from James Kostohryz, a former analyst and trader, a Harvard Law alum and current stock-picker....
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Frank Ahrens
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July 29, 2009; 2:51 PM ET |
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Fed's Beige Book: Pace of Decline Slowing in More Parts of U.S.
The Federal Reserve's Beige Book -- the eight-times-per-year collection of anecdotal evidence on the economy from each of the Fed's 12 districts -- was released moments ago and, although the book says things are still bad, the pace of decline...
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Frank Ahrens
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July 29, 2009; 2:26 PM ET |
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| Tags: Beige Book, Federal Reserve
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Markets Open Down
Wall Street opened down this morning, as traders digested the June durable-goods report from Commerce and hashed out the big Microsoft-Yahoo deal. In the first 20 minutes of trading, the Dow was down 32 points, or less than half of...
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Frank Ahrens
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July 29, 2009; 9:55 AM ET |
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The Ticker
| Tags: Dow, Microsoft, Yahoo, nasdaq, s&p 500
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Orders for Big-Ticket Items Plunge in June
Some bad news vs. not-so-bad news from a Commerce Department report this morning on purchases of big-ticket products. Factory orders for big-ticket "durable goods" -- such as aircraft, refrigerators, cars, steel -- plunged in June by the biggest amount in...
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Frank Ahrens
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July 29, 2009; 9:51 AM ET |
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The Ticker
| Tags: Boeing, Commerce Department, durable goods
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House Panel Approves Limits On Executive Pay
UPDATED at 5:20 p.m. with quotes: The House Financial Services committee voted moments ago to ban pay practices at financial firms that encourage "inappropriate risk," one of the government's boldest moves into the private sector. The vote by the committee,...
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Frank Ahrens
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July 28, 2009; 5:20 PM ET |
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| Tags: Barney Frank, Obama, executive compensation
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Consumer Confidence Drops While Home Sales Rise -- What Gives?
Consumer confidence in early July further eroded in data released today, underscoring the fact that Americans do not see a recovery coming. This news comes one day after the Commerce Department reported that new home sales jumped 11 percent from...
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Frank Ahrens
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July 28, 2009; 3:19 PM ET |
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The Ticker
| Tags: consumer confidence, home sales
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Markets Open Lower
Wall Street opened lower today, as traders continued to digest mixed second-quarter earnings and reports came that Bank of America plans to cut branches. Also, a widely watched housing index showed a slight uptick in home prices from April to...
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Frank Ahrens
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July 28, 2009; 9:53 AM ET |
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The Ticker
| Tags: Bank of America, Dow Jones, Ken Lewis, nasdaq, s&p 500
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Newsweek Says: The Recession Is Over!
The recession is over, Newsweek screams from the cover of its most recent issue, which is out today, and which you can read by clicking here. Three things you need to know: a) No, it isn't. b) Magazines depend on...
By
Frank Ahrens
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July 27, 2009; 4:20 PM ET |
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The Ticker
| Tags: Daniel Gross, Newsweek, recession
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Obama Waves, If Not Shakes, Economic Stick at China
This morning kicked off two days of intense economic discussions between the U.S. and China here in Washington, and President Obama opened the session with a speech, mentioning the unmentionable issue with China: human rights. Obama said that the U.S....
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Frank Ahrens
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July 27, 2009; 3:51 PM ET |
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The Ticker
| Tags: China, Jagdish Bhagwati, Obama
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June New Home Sales Surge, But Don't Get Excited
New home sales in June jumped by the biggest percentage since December 2000, according to data released moments ago by the Commerce Department. Sales of new homes went up 11 percent in June compared with May, to a seasonally adjusted...
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Frank Ahrens
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July 27, 2009; 10:44 AM ET |
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The Ticker
| Tags: Commerce Department, home sales, new home sales
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Markets Flat to Slightly Off at Opening
Wall Street opened flat to slightly lower at opening this morning; traders await the 10 a.m. delivery of the Commerce Department's June report on new home sales. In the first 15 minutes of trading, the Dow was essentially flat. The...
By
Frank Ahrens
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July 27, 2009; 9:52 AM ET |
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The Ticker
| Tags: Dow Jones, Honeywell, nasdaq, s&p 500
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