gs posts
FeedPosted Nov 6th 2009 11:40AM by Tom Johansmeyer (RSS feed)
Filed under: Wal-Mart (WMT), Target Corp. (TGT), Costco Wholesale (COST), Gap Inc (GPS), Nordstrom, Inc (JWN)
There's a chill in the air and a slight up-tick in confidence. Holiday discounts are coming a bit earlier, too. For retailers, this has been a great combination, leading to the second consecutive month in which retail sales increased.
This follows more than a year of drops. Consumers aren't going crazy, but they are loosening their wallets a little bit. Consumer spending accounts for 70% of the U.S. economy, and the coming holiday season is where the action is -- for the retail sector and, consequently, for everyone else.
Continue reading Retail sales: Signs of life, but not yet a rising tide
Posted Nov 1st 2009 4:40PM by Connie Madon (RSS feed)
Filed under: Employees, Personal finance, Federal Reserve, Recession
We have a human disaster of enormous proportions. We have 15 million persons unemployed. Thousands are on the brink of losing their homes. As of this December, 1.7 million unemployed will exhaust their benefits. They may be homeless at this holiday time. Some 400,000 persons exhausted their benefits in the month of October.
Now, as reported in BusinessWeek, one lone economist, Katerina Alexandraki, is asking Wall Streeters to give their bonuses to the homeless and unemployed. She has set up a website, Bonus for Homes, and started a campaign to distribute the monies to low-income earners and the unemployed.
Continue reading Will the Scrooge bankers give their bonuses to the needy Bob Cratchits?
Posted Oct 29th 2009 12:50PM by David Schepp (RSS feed)
Filed under: Forecasts, Products and services, Competitive strategy, General Electric (GE), Berkshire Hathaway (BRK.A), ConocoPhillips (COP), Goldman Sachs Group (GS)
The housing bubble and subsequent "Great Recession" have tarnished the stars of a good many of the world's financial wizards, such as the former heads at Lehman Bros. and Merrill Lynch. But one respected image remains -- perhaps unsurprisingly -- on top: Warren Buffett, chairman and CEO at Berkshire Hathaway Inc. (NYSE: BRK.A).
That's according to a recent quarterly poll of investors, traders, and analysts who subscribe to Bloomberg terminals, those somewhat cryptic news and data computers that are ubiquitous on Wall Street. Buffett, who received favorable nods from 25% of those participating in the poll, walked away with a plurality of the vote, Bloomberg News reported.
Continue reading Buffett's star shines brightest among world's financial gurus, poll shows
Posted Oct 17th 2009 2:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Google (GOOG), General Electric (GE), Intel (INTC), International Business Machines (IBM), Nokia Corp. (NOK), Citigroup Inc. (C), Johnson and Johnson (JNJ), JPMorgan Chase (JPM), Advanced Micro Dev (AMD), Abbott Laboratories (ABT), Bank of America (BAC), Domino's Pizza (DPZ), Goldman Sachs Group (GS), Mattel, Inc (MAT), Allegheny Technologies (ATI), Harley-Davidson (HOG)
Continue reading Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...
Posted Oct 17th 2009 11:40AM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Financial Crisis
I don't think anyone could have had a positive reaction to Bank of America's (NYSE: BAC) third-quarter report, which was released on Friday. According to Bloomberg, management lost $1 billion in the past three months. Big ouch on that one. The financial institution bled 26 cents per diluted share. No earnings beat here, either. Wall Street sent shares down 4.6% by the end of yesterday's trading session.
The year-ago period was a happier time. Back then, Bank of America was rolling in the dough, posting a profit of 15 cents per share. What a difference 12 months makes. Looking at the nine-month record perhaps gives a small amount of comfort to shareholders. The company made 39 cents per diluted share. Of course, that doesn't sit too well next to the $1.09 per diluted share booked in the comparable period. But at least it's not a loss, know what I mean?
Continue reading Bank of America loses a lot of money in Q3
Posted Oct 16th 2009 9:20AM by Sheldon Liber (RSS feed)
Filed under: Major movement, Earnings reports, Forecasts, Good news, Rants and raves, General Electric (GE), Intel (INTC), Market matters, International Business Machines (IBM), JPMorgan Chase (JPM), Goldman Sachs Group (GS), Serious Money, DJIA

For the past 48 hours people have been asking me if I thought the market would pull back after the Dow Jones Industrial Average surpassed the milestone of 10,000. Business journalist's and guru's alike have suggested that there might be some profit taking or "selling into strength" and the recent highs would not hold.
As the market proved yesterday, up about a half percent across the board, with the Dow closing at 10,062.94, up 47.08 in last-minute buying -- that is just a lot of noise.
Continue reading Serious Money: Dow 10,000 is meaningless
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