Monday, March 31, 2008

"Head-On" and Homeopathy?

When you've got a headache, you go to the pharmacy and you assume that all these medications are going to do the trick. But will they? Here's a guy who says he'll bet a million dollars a least one of the products on this shelf doesn't do anything for you at all.

3-31-08 CLARCOR Inc. (CLC)

CLARCOR Inc. (CLC) helps filter a company’s nasty. Too bad we can’t afford them.

Sunday, March 30, 2008

No more cheap eats

Mar. 28 - Increased fuel costs, extreme weather, and changing diets cause food prices to soar around the globe. In the U.S., some American consumers are paying double or more for their bread.

Manoush Zomorodi reports.

Jim Cramer and Bear Stearns Part Two

Seems like Jim had some 'spaining to do tonight. Well, his 'splaining didn't add up. Worse yet, though, is that tried to cover his tracks.


Jim Cramer back-pedals after Bear Stearns Collapse

Jim Cramer tries to dig himself out from his Bear Stearns comments

Jim Cramer: "Bear Stearns is Fine!" Tues, 3/11/08

CNBC's Jim Cramer screams that "Bear Stearns is fine!" and "NO! NO! NO!" ... "Bear Stearns is not in trouble" ... "Don't move your money from Bear! That's just silly! Don't be silly!" to investors while Bear Stearns was still trading at over $60 a ahare, down from a high of $171 just over a year ago. This just 5 days before Bear Stearns sold to JP Morgan for $2 a share, in a Fed brokered bailout.

Man arrested over snake vodka

Mar. 27 - A Texas man is facing charges for selling liquor without a license after he was found peddling bottles of vodka containing dead baby rattlesnakes.Bob Popplewell, who runs "Bayou Bob's Brazos River Rattlesnake Ranch" tourist attraction west of Fort Worth, was believed to be selling the vodka in the Asian community, where snakes are seen having aphrodisiac properties, state authorities said. Popplewell faces misdemeanor charges for not having a liquor license but will not be charged over the 10-inch (25-cm) baby snakes in the bottles

Saturday, March 29, 2008

Psychic? Win A Million Dollars!

If you're a fortune teller, faith healer, psychic then you really need to know this guy right here. Because he's got a million dollars with your name written on it. Ready to put up or shut up?

Friday, March 28, 2008

Hiring The Homeless

This hotel kitchen had a tough time finding employees. Until they started looking out their back door. Literally.

Has Wall St. turned the corner?

Mar. 27 - The battered U.S. stock market is on track to have its first monthly rally since the autumn of 2007, but analysts still debating if the market downturn is over. The bulls pin their hopes on renewed confidence after a round of moves by the Federal Reserve to shore up the credit markets. But the bears say the stock market is likely to head lower under the weight of the housing slump and lack of clarity from the financial sector.

SPEAKERS: Bernie McSherry, trader, Cutton & Company; Fred Dickson, chief investment strategist, D.A. Davidson; Barry Ritholtz, director of equity research, FusionIQ

Conway Gittens reports from New York.

Stocks falter on economic worries

Mar. 26 - U.S. stocks saw their biggest drop in a week after a report showing weaker-than-expected orders for long-lasting items fueled concerns about the economy. The Dow dropped 109 points to 12,422. The S&P 500 lost 11 points to 1,341. The Nasdaq fell 16 points to 2,324. Crude oil prices surged to close near $106 a barrel.

Conway Gittens reports from New York.

3-28-08 Wal-Mart Stores, Inc. (WMT)

Your friendly neighborhood superpower. Wal-Mart Stores, Inc. (WMT)

Wednesday, March 26, 2008

Taxes: Adjusting Your Withholding

Tax refunds don't always mean good news... Sometimes, no news is good news.

U.S. homes prices slump again

Prices of existing single-family homes slumped in January, according to the Standard & Poor's/Case-Shiller home price index. 16 of 20 regions measured posted record annual declines, with home prices in Las Vegas and Miami falling more than 19 percent year-over-year-- the most of any region. Jon Decker reports.

Yahoo helps Nasdaq outperform

Mar 25 - Technology stocks rallied after an analyst upgraded shares of Yahoo on belief a higher bid is coming from Microsoft. The rest of the market languished near the flat line. The Dow lost 16 points to 12,532. The S&P 500 rose 3 points to 1,352. The Nasdaq gained 14 points to 2,341. Crude oil finished higher.

Conway Gittens reports from New York.

3-26-08 The Bear Stearns Companies Inc. (BSC)

Today on Wallstrip, Julie reports live - from the future.

Monday, March 24, 2008

Tax Changes in 2008

New changes to the tax law will lower your taxes in 2007, but raise them in 2008!

3-24-08 Analogic Corporation (ALOG)

Don’t try to lie to Analogic Corporation (ALOG). They’ll see right through you.

Friday, March 21, 2008

Small is big at NY auto show

Mar. 20 - Small is big and green is the scene at the New York International Auto Show. The show unveiled everything from a flying auto to a smashed up car, but small, environmentally-friendly vehicles took the spotlight.
Fred Katayama reports.

Wall St. hopes lifted by economic data

Mar. 20 - U.S. stocks staged a strong finish to a holiday-shortened week after a not-so-bad regional business survey bolstered investor confidence. The Dow surged 261 points to 12,361. The S&P 500 rallied 31 points to 1,329. The Nasdaq rose 48 points to 2,258. Crude oil and gold saw further slides.

Conway Gittens report from New York.

3-21-08 Netflix, Inc. (NFLX)

Keeping snail mail relevant since 1997. Netflix, Inc. (NFLX).

Thursday, March 20, 2008

New York cab of the future?

Mar. 20 - Ford unveils a taxi cab concept that's short but tall, offering lots of storage space. The cab is 30 percent more fuel efficient than current cabs. Fred Katayama reports from the New York International Auto Show.

Wednesday, March 19, 2008

Changing Your Credit Score

If you borrow money, you probably know that your credit score is important. The company behind credit scoring, Fair Issac, recently announced changes in the way they'll soon be doing it.

Markets cheer rate cut

The US Federal Reserve slashed rates by 3/4 of a point, cutting the overnight borrowng rate and sparking a rally. The Fed's smaller than expected rate cuts come a day after it engineered of a rescue of venerable Wall St. firm Bear Stearns, which bet badly on mortgage-backed investments and could no longer meet its trading obligations. Bobbi Rebell reports

Fed stirs bull stampede

Mar 18 - The S&P 500 had its best day since October 2002 after a hefty rate cut from the Federal Reserve and better-than-expected results from Goldman Sachs reassured investors.The Dow skyrocketed 420 points, or 3.5 percent, to 12,392. The S&P 500 surged 54 points, a gain of 4.2 percent, to 1,330. The Nasdaq jumped 91 points, or 4.2 percent, to 2,268. Crude oil jumped sharply to settle at $109.42.

3-19-08 American Ecology Corp (ECOL)

A wise person is hungry for truth, while American Ecology Corp (ECOL) feeds on trash.

CORRECTION: American Ecology’s work for Molycourt was not done pursuant to court order, but in accordance with Molycourt’s decommissioning plan for its Washington, Pennsylvania site, which was approved by the U.S. Nuclear Regulatory Commission.

Monday, March 17, 2008

Taxes: Paying With Plastic

Are you filing your taxes electronically this year? If you are, and you happen to owe the IRS money... chances are you'll be among the those who'll pay with their credit cards... Money reporter Stacy Johnson has some advice on a less taxing option

Bear Stearns downfall

Mar 17 - Bear Stearns found itself in the bargain bin after a cash crunch forced a quick sale. JP Morgan and the Fed stepped in to save Bear Stearns, paying just $236 million dollars for the former Wall Street powerhouse. Bobbi Rebell reports.

Dow rebound led by JP Morgan

Mar 17 - U.S. blue chips finished higher, but the rest of the stock market fell after a desperate sale of Bear Stearns fueled concerns the credit crisis is spreading

Taxes: Changing Mistakes

Taxes can be complicated, which means it's easy to make mistakes...mistakes that could have gotten you a bigger refund...or could get you in hot water with the IRS. But just because a mistake is made doesn't mean it can't get corrected. Here's money reporter Stacy Johnson with some quick advice on fixing problems now before they become bigger problems later.

Pizza's perfect storm

Mar. 14 - Domino's Pizza and fast food chains around the country are getting hit hard by record commodity prices and a skittish consumer. Wheat prices have surged 170-percent in the past year and that's having a big impact on pizza companies like Domino's which is also seeing record prices for cheese and tomatoes.

Ruben Ramirez reports.

Bear Stearns scares Wall St.

Mar. 14 - U.S. stocks finished sharply lower on Friday after liquidity problems at Bear Stearns prompted new worries about global banks. The Dow fell 194 points to 11,951. The S&P 500 lost 27 points to 1,288. The Nasdaq dropped 51 points to 2,212. Crude oil snapped its record winning streak.

SPEAKER: Brian Bethune, Chief U.S. economist, Global Insight

Conway Gittens reports from New York.

3-17-08 Silver

Silver: Not just for werewolves anymore. Pan American Silver Corp. (PAAS) and Silver Wheaton Corp. (SLW)

Friday, March 14, 2008

Wall Street rebounds

Mar. 13 - U.S. stocks finished higher, despite a steep drop at the open, on hopes the end of huge subprime write-downs is near. The Dow rose 35 points to 12,145. The S&P 500 gained 6 points to 1,315. The Nasdaq rallied 19 points to 2,263.

Crude oil hit an intraday high of $111 a barrel.

Speaker: Milton Ezrati, market strategist, Lord Abbett

Conway Gittens reports from New York

3-14-08 TiVo Inc. (TIVO)

Whip it. Whip it good. Wait, that’s Devo. TiVo Inc. (TIVO)

Thursday, March 13, 2008

Taxes: Odds of an Audit

Being rich has some fairly obvious advantages. But there are also drawbacks. For example, this time of year when a big income may mean bigger odds of an audit. Audit odds.

Boeing VP: "Very surprised"

Mar. 12 - After failing to win a $35 billion dollar aircraft tanker bid, Boeing takes its case to Capitol Hill.
Boeing says it lost out on a lucrative Air Force contract because the terms of the proposal were changed, and it wasn't informed of all the new requirements. Bobbi Rebell reports.

Bobbi Rebell reports from New York.

Wednesday, March 12, 2008

Tuesday, March 11, 2008

On Wall St., little pity for Spitzer

Mar 11 - After years of being the target of Eliot Spitzer's investigations, Wall Street may be having the last laugh.Eliot Spitzer went after Wall Street for years. Now facing allegations of ties with a prostitution ring, the New York Governor finds himself on the defensive. Bobbi Rebell reports.

Stocks surge over 3 percent

Mar 11. - The Dow racked up its best one day percentage in at least 5 years. The Dow soared 416 points to 12,156. The S&P 500 rallied 47 points to 1,320. The Nasdaq saw a sharp gain of 86 points to 2,255.

Crude oil jumped as high as $109.72 a barrel.Conway Gittens reports from New York

Shrinking Cell Phone Fees?

If you've got a cell phone contract, you're probably aware that if you leave before it ends, you'll be in for a hefty termination fee. But that's something that's already changing at one major carrier and may soon be connecting with others as well.

Spitzer linked to prostitute ring

Mar. 10 - New York Governor Elliot Spitzer says sorry after report links him to prostitute ring. The New York Times reports that a wiretap recording had captured Spitzer arranging to meet with a prostitute at a Washington hotel.
Fred Katayama reports.

Wall Street watching Fed

Mar. 10 - As the markets continue to be pressured, there is increased focus on when the next rate cut will come. After a Goldman Sachs report raised the possibility of a Federal Reserve rate cut before its next meeting, Wall Street is talking about what it would take for that to become a reality, as well as the impact of other Fed action. Bobbi Rebell reports

3-10-08 JAKKS Pacific Inc. (JAKK)

Julie vs JAKK. No holds barred. JAKKS Pacific Inc.

Sunday, March 09, 2008

Economy on the brink

Mar. 7 - More job losses in US pointing to further weakness in economic outlook. U.S. employers unexpectedly cut jobs in February at the steepest rate in nearly five years, a second straight month of employment losses that heightened fears the world's largest economy has skidded into recession.

Deborah Lutterbeck reports

Stocks slump to 1-1/2 yr low

Mar. 7 - Wall Street closed the week at 18-month lows after the biggest job cuts in nearly 5 years and word of a near-collapse of a mortgage lender. The Dow fell 146 points to 11,893.
The S&P 500 lost 10 points to 1,293.
The Nasdaq dipped 8 points to 2,212.
Crude oil fell after hitting a new record of $106.54

Speaker: Chris Low, chief economist, FTN Financial

Conway Gittens reports from New York.

Inside America's gold mines

Mar. 7 - An exclusive look inside one of America's largest gold mines as the price of the precious metal climbs toward $1,000 an ounce. Northeastern Nevada is home to the the most abundant gold field in the Western Hemisphere. Soaring gold prices have been a boom to the mining industry but those high prices are not necessarily translating into record profits. Ruben Ramirez reports from Carlin, Nevada.

Steve Grusing
Geologist, Newmont

Wallstrip Chat - Curtis Faith

Lindsay sits down with Curtis Faith, an original Turtle Trader and author of Way of the Turtle, to talk about trend following and the modern market.

Friday, March 07, 2008

Digital TV: A Problem?

In less than a year, digital TV will be here. Does it mean your old TV is trash? Does it mean you need a converter box? What's the government doing to help?

Is It Time to Buy Blu-Ray?

The battle of the DVD formats is over...Blu-Ray won. But does that mean it's time to rush out and buy one? Not so fast. What's ahead for Blu-Ray: that's coming up on Money Talks

Apple challenges RIM

Mar. 6 - By enabling corporate email and other features, the Apple iPhone hopes to compete with RIM's Blackberry. The announcement is part of Apple's attempt to become the top smartphone seller in the U.S.

But RIM is fighting back with new applications of its own.

Manoush Zomorodi reports.Reuters Video

Mounting worries sink stock market

Mar. 6- U.S. stocks tumbled to lows not seen since late January as renewed worries about the financial and housing sectors pummeled investor sentiment.

The Dow tumbled 214 points to 12,040.
The S&P 500 lost 29 points to 1,304.
The Nasdaq was down 52 points to 2,220.
Crude oil closed at a new record of $105.47

SPEAKER: Fadel Gheit, senior energy analyst, Oppenheimer.

Conway Gittens reports from New York. Reuters video

3-7-08 IAC/InterActiveCorp (IACI)

Sometimes you gotta throw the kids out the house. IAC/InterActiveCorp (IACI)

Wednesday, March 05, 2008

Intel target no recession signal

Mar 4 - Intel's lowered profit margin forecast has less to do with broad economic weakness, analysts said, and more to do with a glut in certain memory chips Reuters Video

Dow in four-day slide

Mar 4 - Blue chips fell for the fourth day in a row as bank worries persist, but the Nasdaq finished higher on upbeat comments from Cisco CEO John Chambers. Reuters Video

3-5-08 Smith & Nephew plc (SNN)

If its the fountain of youth you are looking for, look no further than Smith & Nephew plc (SNN).

Tuesday, March 04, 2008

Net Worth of Presidential Candidates

The President of the United States is expected to help manage the world's biggest economy. But when it comes to money, which of the current candidates does the at managing their own? Money Talks News

Bracing for Well Over 100 Bank Failures

Government agencies are not known for being ahead of the curve. In fact, if they respond at all to serious concerns under their purview, they usually end up doing too little, too late, or they shut the barn door long after the horse has bolted.

Still, even bureaucrats manage to get things right once in a while, and I believe today's Wall Street Journal report, "FDIC to Add Staff as Bank Failures Loom," details one of those times.


Chiru: Don't Be Too Quick to Believe It

I do not just like the name "chiru" because it is similar to my own name "Duru." This story of the faked photograph has dropped at a time in which I find myself mired in deeper and deeper disbelief at the action and events swirling in the stock market.

So to start the metaphor, think of the little chiru as us, the retail investor, the American consumer. The speeding train high above the life of main street is all that is bad with the economy and the financial markets. It is a speeding train to somewhere we know not. All we want to do is graze, take care of our families, and put in a good day's work. But this train roars from above at periodic intervals, seemingly random intervals. Its rumble from afar swells those of us who care with fear, its appearance sends all of us scrambling for cover, and its passing replenishes the hopeful amongst us with relief that the terror has passed. Can we figure out a way to peacefully coexist with this train (wreck)?


Oil hits new high ahead of OPEC

ar 3 - Oil nears $104 per barrel ahead of Wednesday's OPEC meeting.OPEC, which pumps more than one-third of the world's oil, last met on February 1st and left its oil output unchanged.

Sasha Salama reports. Reuters Video

Stocks flat amid commodities surge

Mar 3 - The Dow and the S&P 500 were little changed as record oil prices pushed energy shares higher, but worries about the economy weighed on the banking sector.The Dow slipped 7 points to 12,258. The S&P 500 closed up less than a full point at 1,331. The Nasdaq lost 12 points to 2,258. Crude oil hit an intra-day record of $103.95..Reuters Video

Monday, March 03, 2008

3-3-08 WMS Industries Inc. (WMS)

If poker isn’t your game, you could always try the slots. WMS Industries Inc. (WMS)

Saturday, March 01, 2008

2-29-08 The Boeing Company (BA)

We fly high. No lie. It’s BOEIIIINNGG! The Boeing Company (BA)

Taxes: Most Common Mistakes

Every year, millions of tax returns are filed with mistakes...mistakes that can delay your refund...even cost you money. Want to avoid the most common? Money reporter Stacy Johnson has things to watch for...MoneyTalks News

Oil: Next stop $110?

Feb. 29 - Oil prices are expected to set new records after touching above $103 on Friday with sentiment buoyed by a falling dollar and rising consumption outside of the U.S. But some analysts are cautious, pointing to a build-up of U.S. supplies and an expected slowdown in demand as signs the current price of oil is too high. Few, however, predict oil will fall to the $90 a barrel area before rising to $110.

SPEAKER: Ray Carbone, president, Paramount Options

Conway Gittens reports from New York. Reuters Video

Stocks rocked by recession fears

Feb. 29 - U.S. stocks lost significant ground for the second day in a row after a round of disappointing economic and corporate results shocked investors. The Dow dropped 315 points to 12,266. The S&P 500 lost 37 points to 1,330. The Nasdaq fell 60 points to 2,271, a level associated with a bear market. Crude oil fell after hitting a $103.05 record.

Conway Gittens reports from New York.Reuters Video