This week, I’ve been treated to a visceral experience of the upside of a downside. Driving with my family through the Tetons and Yellowstone National Park, I have sat behind endless lines of RVs and assorted SUVs depositing …
Cars 2 opened to lukewarm reviews and a smash box office, taking in $66 million domestically and another $42 million internationally during its opening weekend. The film’s ability to transcend unusually tepid reviews is clearly …
In the nearly 15 years that I’ve been writing about markets and managing money, there’s been a dramatic shift that has gotten only marginal notice. We’ve gone from having an optimism surplus to an optimism deficit. That may …
Today we were treated to the second installment of the Federal Reserve’s new policy of openness with Chairman Ben Bernanke’s press conference. That followed on the heels of the statement by the Fed Open Market Committee about …
The latest out of Wall Street-land is a warning by analysts at Citibank that profits at Goldman Sachs and Morgan Stanley (and to a lesser degree at other banks as well) will show a sharp contraction for the second quarter of …
The past few weeks in financial-land have been dominated by two combustible fears: 1.) that this time Greece really will default on its debts and plunge the Eurozone into chaos; and 2.) that this time China really will hit the …
On Thursday, the maker of the once-ubiquitous Blackberry devices, Research in Motion, reported its quarterly results. They were not pretty.
Today, IBM officially marks its 100th anniversary. But the company today bears remarkably little resemblance either to the sleepy Computer Tabulating Recording Corporation that was formed on June 16, 1911, or to the more iconic …
At the start of the week, Jeff Immelt, the CEO of GE and the head of President Obama’s task force on job creation, released an interim report on plans to boost employment in the U.S. The reactions have been relatively …
There was something dramatic and striking about the Dallas Mavericks’ victory over the Miami Heat in the NBA Finals on Sunday. No, it wasn’t the caliber of play – which was high – nor the sight of the vaunted Miami “Dream …
Headlines were replete this week with talk of an imminent slowdown of the global economy. Combined with the pallid recovery of the United States and continued waves of debt crises in Europe, a lull in activity from Brazil to …
As global markets go through another week of selling and anxiousness, a new record was set yesterday: the Chinese yuan – that much maligned, politically charged national currency – hit a record high against the U.S. dollar.
