Bold move to save on taxes
By Andrew Snyder, TodaysFinancialNews.com
Baltimore — (TFN): I spent most of my weekend in the attic of my century-old house. I wasn’t hiding from a hormonal, pregnant wife. She’s been fairly tame lately. And it wasn’t to escape a surprise in-law attack.
If you must know, I was installing an exhaust fan above the master shower. You’d think sometime over the course of the last 110 years, somebody would have done the job for me, but it turns out the task was all mine.
Now I know why.
While I was up there in a sea of pink insulation, I had one chore I was not looking forward to. With a ladder that reached just 25 feet, there was no way I was…
Dubai: An ostentatious real estate market to rival the U.S.
James Howard Kuntsler, author of The City in Mind: Notes on the Urban Condition, analyzes the Dubai Debacle for Whiskey & Gunpowder.
Unorthodox Exit Plan – what the Fed has up its sleeves
“In the old days … the Fed controlled the federal funds rate with open market operations,” Antulio Bomfim, a former Fed economist now with Macroeconomic Advisors LLC in Washington told Reuters. “Now, at least in this period when reserves are over-abundant, the way the Fed hopes to raise the federal funds rate will be primarily by raising the interest rate it pays on reserves.”
Has Microsoft turned the corner?
When I added Microsoft (MSFT) to Jubak’s Picks on July 24, 2009 after the company announced results for its fiscal fourth quarter, I wrote “This is as bad as it gets.”
After its Oct. 23 earnings release, the company is now saying the same thing…
Warren Buffett, fashion icon?
Billionaire investor Warren Buffett gets business pitches all the time, but this one he didn’t turn down.Buffett was in China two years ago when a friend of a friend suggested he get fitted for a Trands suit. He agreed, and two tailors soon burst into …
Did the Fed just kill the bull market?
Well, that was interesting. After the Federal Reserve announced on Wednesday it would leave interest rates unchanged, stocks initially bounded higher before abruptly shifting direction and screaming lower. The bulls gunned the Dow Industrial Ave…
Hot Stocks: Motorola Throws Hat Into Smartphone Ring
Motorola Inc. (NYSE: MOT) last Thursday charmed investors when it revealed its Cliq smartphone, which will compete head on with Apple Inc.’s (Nasdaq: AAPL) iPhone and Research in Motion Ltd.’s Blackberry.
Motorola’s stock is up nearly 12% since the announcement, as investors are hoping the new phone will be enough to win back some of the company’s lost market share.
However, saving Motorola’s mobile division – which the company plans to spin off – is a daunting task. The company – which invented the cell phone, as well as a plethora of other communication devices used by police and military – has seen its global market share of wireless phones fall to 2% in its second quarter this year from 31% in…
Toy battle on aisle five
We’re going to see a brutal toy war among retailers this coming holiday. Toys R Us, Sears and other big stores are already starting to battle for the limited number of shopper dollars this season, and it looks like they’re pulling out all the stops.Toy…
The end of the new commodities bubble
Back in March, I wrote about how last year’s run up in commodities prices was due to for a repeat as investments in new mines and drilling rigs were cut just as the economy showed early signs of life. Since my post, copper prices have gained 59%. Cru…
China Curbs Bank Lending but Vows to Keep Liquidity High
Beijing continued a delicate balancing act yesterday (Wednesday), vowing to keep stoking its economy with funding from its $787 billion stimulus program even as it implements new controls on bank lending.
After spending three days visiting the restive eastern province of Zhejiang, Premier Wen Jiabao argued for maintaining the loose economic policies implemented under the stimulus program, saying it’s too soon to be “blindly optimistic,” according to a statement by the State Council.
His remarks are likely to fuel an ongoing debate between government officials over whether it’s time to rein in bank lending.
After the government called on Chinese banks to provide increased liquidity to the economy, they lent about $1.08 trillion (7.37 trillion yuan) in the first half of the year…
Futures Blog by Bill McCready 2009-08-26 20:34:24
How professional traders use Pivot Points and Support and Resistance for trading targets
Go with the Flowserve
Turns out the pumping business is a very good place to be in this economy.
On July 29, Flowserve (FLS) announced second quarter earnings of a better-than-expected $1.92 a share and raised its earnings forecast for 2009. The flow systems maker increase…
Using Moving Averages Strategically for Day Trading
This article was written just for us by Marc Nicolas from Tradingemini.com and it covers the importance of moving averages in day trading. It’s a pretty interesting article for all day traders, and if you’re interested in trading the e-mini in real-time should check out Marc’s site today! All comments and questions are welcome.
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