"Short Sellers Retreat Amid Rally," ran the headline in the Wall Street Journal. Curious readers stopped and stared. It was the premise of the headline that arrested them. Who knew that there was even one bear left to give ground at the 100-month mark of the post-2008 levitation? El toro is the topic at hand. It's a most unusual bull market (we count as one the updrafts....More>>>
Alphabet Inc. (NASDAQ: GOOGL) reported second quarter financial results after markets closed Monday. The tech giant said that it had $5.01 in earnings per share (EPS) and $26.01 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $4.46 in EPS and $25.64 billion in revenue. The same period from last year had $7.00 in EPS and $21.5 billion in revenue.
Either low-income Americans became rich this Black Friday, or Wal-Mart’s (NYSE:WMT) marketers do not know what they are doing.
For years, $133,653 Cartier watches and expensive jewelry were sold in upper scale stores, where high income Americans prefer to shop on Black Friday.
This year, Cartier watches are being sold on the Walmart.com site.
But who will buy them?....More>>>
Much of what the Bank of Japan announced today had been largely leaked. While there was a sizable response in the asset markets, the dollar’s knee-jerk gains against the yen were quickly unwound.
The BOJ lifted its self-imposed restrictions on its asset purchases and shifted the focus of policy from the monetary base to the yield curve. It is not clear that this shift increases....More>>>
Now the court system could get involved in the United fiasco.
Dr. David Dao, who was dragged off a plane in Chicago last Sunday, hasn’t said whether he’ll file a lawsuit.
But his lawyers filed an emergency petition on Wednesday asking that all potential evidence from the episode be preserved. Dao’s legal team and his family members will hold a press conference....More>>>
John Buckingham, editor of The Prudent Speculator, focuses on a widely-diversified portfolio of value-oriented stocks; here, he reviews two leading pharmaceutical firms with promising drug development operations.
Biogen discovers, develops and delivers innovative therapies for the treatment of neurodegenerative diseases and autoimmune disorders.
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