The Dow has run up to -- and been turned away from -- 16,000 twice before.
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But the biggest gripe among first owners is a familiar complaint about exclusive carrier AT&T.
The first major survey of iPhone 4 users proves that reception issues and dropped calls are indeed a top concern among customers. But if you think that the primary gripe with the latest Apple (AAPL) gadget involves the so-called “death grip” that strangles the smartphone’s antenna, think again. It’s in fact network provider AT&T (T) that gets the brunt of the iPhone 4 criticism.
So says a recent survey from ChangeWave Research, conducted just weeks ago and grilling hundreds of the very first iPhone 4 customers. Here are the details:
The company's announcement of a new BlackBerry couldn't stop shares from sliding.
Investors had been hoping for an iPhone killer. The new BlackBerry Torch, however, probably won't be able to pull it off. Nor will the new operating system, BlackBerry 6, that was also announced by RIM Tuesday.
Shares of Research in Motion were down nearly 3% after the announcement. Here's what some observers were saying about the news:
China doesn't have a serious global currency yet, but it's headed there.
The renminbi is coming. The renminbi is coming.
At this pace, it may take a decade or more, but slow changes in China's currency policy are paving the way for a challenge to the U.S. dollar.
On Wednesday, Chinese regulators lifted restrictions on the flow of the renminbi in Hong Kong.
Positive market momentum could finally unwind the Death Cross in the S&P 500.
Stocks are moving up, and the Death Cross that showed in the S&P 500 Index a month ago -- when the 50-day moving average crossed below the 200-day average -- could finally disappear.
Friday, the index's 20-day average beat out the 50-day average, according to The Wall Street Journal. That's a good sign of a fresh movement upward, and if it continues, the death cross could be unwound.
It's all about money in our government, and Goldman is not about to ease up on political spending.
Restraint? Hardly. Goldman is a political machine, and that's not going to change anytime soon. The company has a 12-person government affairs office in Washington, D.C., according to The Washington Post, including former aides to President George W. Bush and Dick Cheney.
Goldman has scores of outside lobbyists, too, including former House leader Richard Gephardt. So don't think for a minute that the company is easing out of politics or showing any restraint.
Rumors are that the BlackBerry maker will launch an iPad competitor in November.
By Anthony Agnello, InvestorPlace.com
While the BlackBerry might be losing ground to the Apple (AAPL) iPhone with each passing day, that doesn't mean Research In Motion (RIMM) is down for the count. In fact, according to a report from Bloomberg filed last Friday, RIMM is set to mount a major counteroffensive against Apple -- and it's much more than the new BlackBerry phone announced today.
Research In Motion is about to get into the tablet computer game with their new iPad competitor, the Blackpad, set to hit stores this fall.
Once we get a number indicating employment growth, the market will go much, much higher. Until then, unemployment can stop a rally in its tracks.
By Jim Cramer, TheStreet
Given that in this market each day is a totally different event with no continuity with the day before, you have to figure that we forget about Chinese and American PMI figures and we start to fret about the lack of job growth.
Once again we focus on the fact that the stimulus is running out, taxes are getting higher and the housing glut is deepening, even if the last one is totally untrue. To deny the housing glut is to fly in the face of the cottage industry that says we will never, ever have too few houses again.
In other words, Friday's numbers trump everything. It's too easy to talk about, and if I were a simple talking head interviewing everyone, I would ask over and over again, "When will America start hiring?" And I'd ask the time-honored "Can we go higher without employment growth?"
Most BlackBerry owners don't want their next phone to be another one.
BlackBerry owners aren't too thrilled with their phones, it seems.
According to data released Monday from Nielsen, only 42% of BlackBerry owners want their next phone to be a BlackBerry. A full 29% want an iPhone next, 21% want an Android phone, and 7% fall into the "other" category.
That doesn't bode well for Research In Motion (RIMM), the company that makes the BlackBerry line of phones. Compare that to the loyalty among the iPhone crowd, of which 89% say they want another iPhone next.
From movie tickets to Kindle books to the New York Times, consumers are facing creeping prices at every turn
Welcome to the age of re-priced media.
From the theatrical box office to every new platform of digital publishing and video entertainment, signs of fundamental pricing change are increasingly evident across the media economy. And if the frenzy is unprecedented, the catalyst for it is also without parallel—a wave of new media-friendly e-gadgets and e-devices, a near historic recession that devastated the ad-dependent publishing sector and the stark recognition of the existential threat to an industry in digital transformation.
“There is a re-balancing, a re-calibration, going on, and it’s a healthy one,” John Loughlin, executive vice president and general manager of Hearst Magazines, tells TheWrap. “In part, it was given a real nudge with the ad recession. We must bring our revenue streams more into balance.” So these days, media products from Hulu to the New York Times to 3D movies are introducing payments that will bring “balance” for producers -- and for consumers, sticker shock.
Some wireless carriers are exploring a system that would let you buy items with a wave of your cell phone.
On a day when stocks are soaring, MasterCard (MA) and Visa (V) were singing the blues as news broke about a new payment system that uses cell phones instead of credit cards.
Bloomberg reported Sunday that three major wireless carriers -- AT&T (T), Verizon (VZ) and T-Mobile -- may begin testing a system that lets people pay for items at cash registers simply by waving their cell phones. Although such a system is still in early stages, the news was enough to cause concerns about the credit card sector.
"This is definitely a game-changer," one industry consultant told Bloomberg. The wireless carriers may launch a test with Discover Financial (DFS) and Barclays (BCS) in four U.S. cities, the news service reported.
Many investors won't touch these volatile shares, but analysts expect them to post outsized gains.
By Robert Holmes, TheStreet
Investors in stocks that trade for less than $5 think of nothing more than a quick return.
Some are lucky enough to double their money. Some get wiped out. After all, many large investment firms bar their own managers and traders from holding stocks that cost less than $5. Still, owning a stock that is volatile enough to double in price is Wall Street's version of the brass ring.
To find under-$5 stock candidates for a big return, turn to hard-to-find analysts' reports. Some analysts have boldly predicted that a handful of $5 stocks could double in price over the next several months.
Grupo Modelo loses a key legal battle, clearing the way for it to be eventually acquired.
On July 12, the company lost in arbitration with Anheuser-Busch InBev (BUD), the world's biggest brewer. Grupo Modelo had sought to void the transfer to BUD of the 50% stake of Modelo that Anheuser owned before the merger with InBev that created the beer giant.
The ruling clears the way for BUD to eventually acquire the rest of Grupo Modelo.
The aptly named e-reader has sparked a buying frenzy.
Companies struggling to connect with consumers right now should take a hard look at Amazon.com (AMZN). With a little price tweaking and a lot of innovation, the company’s aptly named Kindle has been so hot that AMZN is burning through inventory faster than suppliers can keep up.
The latest proof of the Kindle’s success comes today with word that Amazon has sold out of its newly re-priced and slimmed-down Kindle. So much for predictions of the e-reader’s doom in the shadow of the Apple (AAPL) iPad.
- Related Article: iPad Frenzy Hits Asia
Still, it's worth noting that the Kindle sales have been sparked in large part by price cuts. That means it's too soon to tell whether Amazon lowered prices too much too soon or whether it has found the sweet spot to connect with consumers.
The Internet giant has spent $1.1 billion on acquisitions so far this year.
In the Web-surfing world, Google (GOOG) is the undisputed king of searching. In the corporate boardroom, Google also appears to be the king of searching for startups to snatch up.
Despite what most folks would consider fairly lean times, Google has gone on a $1.1 billion shopping spree so far in 2010, buying up 22 companies.
The move shows that Google isn’t content to just rest on its search-engine laurels and is actively trying to grow and diversify its business. But the huge number of buyouts prompts the question of whether GOOG executives are making shrewd moves to stay on top or overreaching at a time when many corporations are on the defensive.
Will an energy-sector rally materialize?
By Don Dion, TheStreet
ETF investors will be watching closely to see whether a rally in the energy sector gains strength after the strong earnings of several major companies last week. Here are five ETFs to keep an eye on as the week unfolds.
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
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[BRIEFING.COM] Equity indices settled on their lows following a steady, session-long slide. Similar to yesterday, small-caps paced the retreat as the Russell 2000 fell 1.6%, extending its December loss to 3.6%. The S&P 500 settled lower by 1.1%, widening its month-to-date decline to 1.3%.
There was no specific news catalyst behind today's slide, which had the markings of broad-based profit-taking. Seven of ten sectors settled with losses of 1.0% or more while only two groups ... More
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