With the pullback in crude, beaten down airlines stocks are bouncing hard today, with outsized gains in LCC (+7%), AMR (+6%), ALK (+6%) and PNCL (+6%).
Comments »Rumor: Speculation Around Jobs Stepping Down from Apple
Shares of AAPL are dropping in renewed chatter that Jobs may step down.
Comments »Flash: Crack Spreads Continue Higher
Even with crude selling off, the decline in gasoline and heating oil is less, lending to a higher spread for refiners this morning, now up 1.1% to $24.09.
UPDATE: Spreads have widened, now +1.9% to $24.29
Comments »Saudi Arabia Hands Out More Money
In an effort to quell whispers of revolution, The House of Saud bribed its citizens again. King Abdullah announced they would be building 500,000 new homes, give money to the unemployed, set the minimum wage at $800 per month and mandated all civil servants, students and members of the military receive 2 months of “bonus pay” for their loyalty to the crown.
Comments »Will Commodity Prices Cause a Double Dip ?
What You Missed While You Slept
Fukushima Upgraded to Level 5: Situation “Very Grave”
Gold Rejoices In G7 Manipulation and Debasement
RIM and Phone Carriers Fight Over Control for Mobile Payment Data Storage
FDIC Sues WaMu Executives and Their Wives
Global Rally Slows After China’s Rate Hike
Chinese Banks Must Raise Reserves by Another 50 bps
Kick The Can Down The Road and Pray Like Heck
Why Inflation is Lower, But Hurts Americans More Today Than in the Past
Wages have not risen, monetary debasement, & social security benefits have stayed constant for a while….
Comments »General Mills To Buy a 50% Stake in Yoplait for $1 Billion
Nike to Raise Prices on Higher Input Costs
Government maintains there is no inflation, but prices on everything we buy are going higher….
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