Follow The Daily Ticker on Facebook! No one likes to admit failure. The word represents defeat, disappointment and imperfection. Rick Newman, the chief business correspondent at U.S. News & World Report, studied 12 successful, well-known people from various professions and determined that they all had one trait in common: failure. These individuals suffered professional rejection, [...]
More…
No Comments »
Provided by Business Insider Chinese export growth slowed to 4.9 percent year-over-year (YoY) in April, from 8.9 percent the previous month. Expectations were for 8.5 percent growth. Import growth also came in wide off the mark rising just 3 percent YoY, against market consensus at 10.9 percent. Trade surplus however widened to $18.4 billion, from [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! “America is like a championship team that has hit a slump,” according to former U.S. Senator and basketball Hall of Famer Bill Bradley. In his latest book, We Can All Do Better, Bradley lays out a game plan designed to get America back in championship form. The book reads [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! Austerity vs. more stimulus is the ongoing debate plaguing policymakers around the globe as countries try to figure out ways to eliminate rising government debt without creating an economic catastrophe. Europe took to the path of austerity and it did not go well for the eurozone economies, which have [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! Last fall, some U.S. economic data began to come in weak, and the stock market sold off. This prompted many economists and analysts to begin talking about the possibility of a new recession. One analyst, however–Lakshman Achuthan of the Economic Cycle Research Institute–did not just talk about the possibility [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! It’s been more than three years since the market bottomed, yet individual investors remain extremely wary of the stock market and clearly there’s a lot of good reasons why: The 2008 credit crisis and 2000 bursting of the tech bubble scarred a generation of investors, some irreparably. The “Flash [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! Pretty much anything is legal in Nevada, so it’s no surprise that the state has become the first in the nation to issue a license to Google (GOOG)to operate its self-driving cars. These cars, you will recall, have been under development for years. And now they have passed a [...]
More…
No Comments »
Apple’s (AAPL) stock has pulled back sharply in recent weeks, falling ~10% from a high of $645 to $570. This is in part due to the spectacular moonshot the stock enjoyed during the fall and winter, when it blasted from $400 to nearly $650. Apple’s stock has often sold off after moves like this, and [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! The revival of the U.S. auto industry is a huge economic story and a major issue for the Presidential campaign, especially in the Midwest. On Monday, presumptive Republican candidate Mitt Romney was in the ultimate swing state, Ohio, and spoke directly to the issue of the auto industry’s revival. [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! The U.S. economy is better off than it was in 2008, although you wouldn’t know it from what you hear on television. It’s a misperception that Dan Gross, co-host of The Daily Ticker and economics editor at Yahoo! Finance, aims to correct in his seventh book, “Better, Stronger, Faster.” [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! The presidential election is well under way but as President Barack Obama tries to position himself as the defender of the middle-class who will protect the 99% against corporate malfeasance and too big to fail banks, he may find himself in a precarious position. His record does not necessarily [...]
More…
No Comments »
New York Magazine was kind enough to ask me to write a big story on Mark Zuckerberg and Facebook to celebrate the company’s long-awaited IPO. The story’s out now, and you can read it here. Here are some key points: Most people still think of Mark Zuckerberg as a sort of an idiot-savant — a [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! Global markets shuddered Monday after election results in France and Greece raised yet more questions and concerns about the future of the Eurozone. Major markets in Asia fell by more than 2% overnight, oil prices tumbled and equities in Europe and the U.S. headed south in the initial reaction [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! The health of the financial system was one of the big items on the agenda at the Milken Institute Global Conference in LA last week. In the accompanying video, I discuss the state of the banking industry - and bank regulations - with two renowned experts: Chicago Booth professor [...]
More…
No Comments »
Follow The Daily Ticker on Facebook! The $1 trillion student loan crisis will be a top priority for President Obama and senior administration officials this week. The president will discuss ways to prevent undergraduate subsidized loans from doubling July 1 with student government leaders from across the country on Monday. Vice President Biden meets with [...]
More…
No Comments »
