It is not something most travelers need to be told about.
But Business Insider Editor-in-Chief Henry Blodget has taken it upon himself to review the trappings of economy class travel for his readers.
Blodget, a former Wall Street analyst,was somewhat shocked at what he found in the rear section of an American Airlines international flight, and related his findings from the ‘heart of the cattle class.’
Reporting from the unkempt mid-section of a Boeing [...]
China, already struggling with a slowing economy, may now be facing the type of credit crunch that helped derail the U.S. economy four years ago.
Among the all-too-familiar ingredients: supposedly risk-free—yet high-yield—investments, off-balance-sheet transactions, little if any disclosure and investors who don’t ask a lot of questions.
All this has one Wall Street analyst warning that China is “a step closer to a potential credit event in the shadow banking sector.”
The security [...]
Apple Is Cut To Neutral By Citi Because It Doesn’t Think iPhone 5 Demand Is Great
Apple is getting another price cut from a Wall Street analyst.
But this time, there’s a twist. It’s also getting its rating cut.
Citi’s trio of Apple analysts, Glen Yeung, Walter Pritchard, and Jim Suva, are cutting Apple’s price target to $575, and rating it neutral, down from buy.
Previously, Citi rated Apple as a buy because they believed there would be [...]
We won’t say which analyst just sent this out to all of his clients, but this .gif did just arrive in inboxes of traders around Wall Street.
The premise: After that weak jobs report, MONEY PRINTING IS COMING:
Read more: http://www.businessinsider.com/a-wall-street-analyst-actually-just-blasted-this-out-to-traders-2012-9#ixzz25oi9qAFU
Microsoft Corp is looking at making its own smartphone to kickstart sales of its Windows mobile software, according to a Wall Street analyst who has followed the company for many years.
The talk – unconfirmed by Microsoft [MSFT 30.2801 0.1451 (+0.48%) ]— comes a day after the company unveiled its latest Windows Phone 8 software, and the same week it announced an own-brand tablet, signaling a break with 37 years of focusing on software and leaving [...]
JPMorgan’s $2 billion trading loss couldn’t have come at a worse time, as it will give regulation champions fodder to hogtie the banking sector and possibly speed up the implementation of the Volcker Rule, which would ban banks from trading with their own money for their own benefit, says star Wall Street analyst Meredith Whitney.
The Volcker Rule, part of the recently approved Dodd-Frank financial reform law, has drawn criticism [...]
Star Wall Street analyst Meredith Whitney is reversing the one call that made her famous in 2007 — she’s upgrading her recommendation on Citigroup, a sign the financial crisis could finally be a thing of the past.
Whitney notched up her Citigroup recommendation to hold from underperform, CNBC reports.
In 2007, Whitney predicted the subprime mortgage mess would force the bank to cut its dividend to raise capital, making a spot-on [...]
A “tidal wave” of defaults in the municipal bond market is still building and will eventually hit the United States, says Wall Street analyst Meredith Whitney.
Many U.S. cities, towns, and municipalities are insolvent but are treading along similar to how Greece did for years before officially defaulting.
In late 2010, Whitney told ’60 Minutes’ that municipal defaults could run up into the hundreds of billions of dollars, although that hasn’t [...]
In what is certain to go down as one of the biggest box office flops of the year, the $250-million-plus “John Carter” debuted with a disappointing $30.6 million this weekend.
Instead, last weekend’s No. 1 film, “Dr. Seuss’ The Lorax,” claimed the top spot yet again. The Universal Pictures film, an animated 3-D environmental tale for families, collected an additional $39.1 million. The movie has now grossed a robust $122 million [...]
Today on Yahoo! Finance’s “The Daily Ticker,” Wall Street analyst Aaron Task sat down with real estate mogul and TV personality Donald Trump to discuss his thoughts on how to fix the economy. Never shy to share, Trump’s plan rests on three main ideas:
1. Get Tough on China: Trump says the U.S. should impose at least a 25% tariff on Chinese goods in response to what he calls their currency manipulation [...]
In part one of the series, President Clinton shares his thoughts with Wall Street analyst Aaron Task on the state of the economy, unemployment, and the need for cooperation between government and business. Part two of the series tomorrow will feature the advice he would give to President Obama.
The nation’s official poverty rate was 15.1% last year, that equates to a record 46.2 million Americans living in [...]
President Obama has set an audacious goal to raise $1 billion for his reelection campaign. To raise anywhere near $1 billion, he’ll have to go where the money is: Wall Street. But after labeling them “fat cats” and criticizing their outsized bonuses, President Obama is going to have to mend a lot of fences.
Aaron Task, Wall Street analyst and host of Yahoo! Finance’s “The Daily Ticker,” suggests Obama’s populist rhetoric [...]
Wachovia Bank, a major institution, has seen its stock plummet and its continued viability called into question, as the nation’s financial crisis muddles forward. [Update: shortly after publication of this article, Citigroup agreed to purchase Wachovia's banking operations in a deal facilitated by the FDIC.]
Largely ignored in this crisis is the key role played by Herbert and Marion Sandler, founders of Golden West Financial (GDW), [...]
U.S. municipal bonds sales were down 44 percent so far in 2011 from the same period last year, a senior municipal strategist of Citigroup Inc said on Tuesday.
The muni bond issuance declined sharply in the first months this year amid declining revenues and crush of pension obligations pushed the local governments’ debt to surge, George Friedlander said at the Bloomberg State & Municipal Finance [...]
A 2004 op-ed by Sen Schumer and Paul Craig Roberts..
Second Thoughts on Free Trade – New York Times
“…Yet in that essay of 70 years ago, Keynes himself was beginning to question some of the assumptionÂÂs supporting free trade. The question today is whether the case for free trade made two centuries ago is undermined by the changes now evident in the modern global economy.
Two recent examples illustrate this concern. Over [...]
by Guy. M Lerner, thetechnicaltake.com
It doesn’t take a rocket scientist (or Wall Street analyst ~ a downgrade?) to figure out that investors are extremely bullish on the equity markets. Such extremes in sentiment will usually (85% of the time) lead to better risk adjusted buying opportunities in the future. In other words, the next best time to be a buyer of equities will be when investors are bearish [...]
There is no possibility of agreement at the upcoming G20 summit because the U.S. is declaring financial war on other countries, believes American economist and wall street analyst Prof. Dr. Michael Hudson. The U.S. has been pushing China to revalue its currency — at a time when Washington has been pumping billions of dollars into its economy — a move viewed by other countries as [...]