Crack spreads are continuing to decline, down another 3.5% to $21.29, coming off of Monday’s high of $24.79. Refinery related stocks are weak, led by losses in WNR, HOC and VLO.Comments »
The exchange was halted again after a bidless market destroyed stocks for a second consecutive day.Comments »
Spanish banks are expected to trade lower. This downgrade was widely expected.Comments »
Japanese officials issued a press release declaring that tap water in Tokyo proper is now safe, even for babies.
Feel free to drink as much as your heart desires.Comments »
The Korean Communication Commission is reporting Korean smartphone users have surpassed 10 million, just 16 months after the iPhone was launched there. Moreover, they are projecting that number to surge to over 20 million by the end of this year.
Note: we are talking South Korea here. The baboons in the North are still using tomato cans and wire.Comments »
The struggle to behead Ghaddafi continues.[youtube:http://www.youtube.com/watch?v=d2mw-JseOIs&feature=player_embedded 550 400] Comments »
Heng Seng +0.75%, Seoul +0.95% and All Ordinaries +0.87%.
The NIKKEI is flat; but the rest of Asia is rallying.Comments »
No. Ticker % Change
1 NUGT 7.08
2 GAZ 6.59
3 BDD 5.51
4 AGQ 5.34
5 SIL 4.96
6 BXDD 4.16
7 JJT 4.14
8 PSLV 3.97
9 CU 3.96
10 XIV 3.83
11 GDXJ 3.60
12 GDX 3.56
13 CZM 3.52
14 DRV 3.48
15 EDC 3.27
Things are looking dicey again at Fukushima, with elevated radiation levels and smoke billowing from reactors 1-4.
Related: the NIKKEI opened up 0.4%Comments »
The Syrian government slaughtered many people yesterday, none armed.
No word on whether Obama and the French intend on sending in sorties.
And here are the protests to the atrocities committed yesterday in Daraa[youtube:http://www.youtube.com/watch?v=910COswBi3k&feature=youtu.be 550 400] Comments »
They are guestimating a 0.5% decrease in global growth in 2011, down to 3.8%.Comments »
Co is currently conducting an internal review to determine the degree of material inaccuracy of the previously issued financial statements and the underlying causes. The Company is currently unable to quantify the extent of the required accounting adjustments pending completion of its internal review. As a result, the Company is unable to estimate the anticipated change in its results of operations for the fiscal year 2010 as compared to those in 2009 as of the date of this notification.
Thanks to outright fraud from a number to Chinese listed name here in the US, investors have been shooting first, asking questions later.
Here are some of today’s big losers.
Despite dollar strength, investors piled into precious metal names today, as gold and silver surged to new highs.
Ticker % Change
Spreads pulled back by another 4.4% today, following yesterday’s 5.5% decline, down to $22.Comments »
revenues rose 15.1% year/year to $2.26 bln vs the $2.07 bln consensus.Comments »
They voted it down because they like to spend money.Comments »