Despite the miserable headlines from BP, the week closed with the stock down less than 2%. Is all the bad news baked into the current price? DailyFinance's Dan Burrows explains why the stock could be ready to grow. (With video.)
Why the Skyrocketing Deficit Matters
Respected economists like Paul Krugman claim deficits don't matter, while other equally well-regarded economists such as Kenneth Rogoff say high debt levels lead to much lower growth. As the deficit grows, the debate is anything but academic.
Continue Reading | 5 CommentsMarket Update:
Stocks post biggest two-week gain since November
Columns
Is It Time to Buy Shares of BP Stock?
4:15 PM 06/18/10
Minorities Suffer Most in Home Foreclosure Crisis
12:45 PM 06/18/10
One of the most disturbing aspects of the home foreclosure crisis is how much damage it has caused in minority communities. Activist group Committee for Responsible Lending finds black and Hispanic borrowers are twice as likely to have lost their homes.
U.S. Deficit is Dangerous, Greenspan Warns
9:05 AM 06/18/10
In a new op-ed piece, former Fed Chairman Alan Greenspan speaks out against U.S. budget deficits. He calls for a "tectonic shift in fiscal policy" and warns that if borrowing isn't reined in, America could face a Greek-style debt crisis.
Congress Steps Up the Battle Over Card 'Swipe Fees'
7:00 AM 06/18/10
The estimated $48 billion that merchants pay to banks and credit card companies for the use of those ubiquitous terminals is at stake as Congress considers a proposal that could limit the fees incurred every time you swipe.
Can Harry Potter Work Magic for Beleaguered Theme Parks?
6:00 PM 06/18/10
With the unveiling of the Wizarding World of Harry Potter, Universal Studios Orlando has officially raised the bar for vacation attractions in summer 2010. The bold move is only one of many strategies that theme parks are using to turn around an industry that has been brutalized by the recession.
Does the Mohegan Tribe Need a Big Government Loan?
2:45 PM 06/18/10
In spite of the fact that Connecticut's Mohegan Indian tribe's Mohegan Sun Casino ranks among the most successful gambling operations on the East Coast, the USDA granted it a $54 million loan.
Your Jeep Owners Manual? There's an App for That
1:30 PM 06/18/10
When Chrysler takes the wraps off its newly redesigned 2011 Jeep Grand Cherokee SUV in a few days, it will have a feature that no car has ever offered before: a smart-phone application that provides vehicle information.
Reality Check for Tablet Market Projections
1:30 PM 06/18/10
Analysts and media companies are making bold predictions about how tablets will revolutionize the market. Yet, even as the iPad gets the spotlight, it seems like the projections may fall flat.
DailyFinance Wire
- Why the Skyrocketing Deficit Matters
- BP Payout Is Less Than 12% of Claims Filed, Government Report Says
- Job Creation: Democrats Have Run Out of Time With Voters
- Can Harry Potter Work Magic for Beleaguered Theme Parks?
- Despite a Mobile Boom, Motricity's IPO Gets Investor Static
- The Case for Buying Shares of BP Stock
- Roche's Diabetes Drug Trouble Is a Shot in the Arm for Amylin
- Is Toyota Seeking a Massive Reduction in Parts Costs?
- G-20 Summit Preview: Obama Warns About Recovery; China Warns About Yuan
- Nevada Bumps Michigan as State With Highest Unemployment Rate
- Corporate Polluters: The 10 Biggest Environmental Payouts
- Does the Mohegan Tribe Really Need a $54 Million Government Loan?
- Alcoholic Tea: Whole Foods Pulls Kombucha Drinks
- BP CEO Tony Hayward Steps Down From Gulf Oil Spill Oversight
- Chrysler Unveils First-Ever Owners Manual 'App' for New Jeep
- Bold Projections for the Tablet Market Need a Dose of Reality
- Foreclosure Crisis Hits Minorities Hard
- Street Wire: Oil Tops $77 a Barrel in Friday Trades
- Street Wire: Gold Prices Cross $1,260 an Ounce in Midday Trades
- Motorola Cellphone Business to Grab Big Parachute in Spinoff
- Biz Brief: Apple iPad Sales Could Top 2 Million a Month
- Jason Hirschhorn, Struggling MySpace's Co-President, Logs Off
- New Tax Rule Will Bury Small Businesses in a Blizzard of 1099s
- Budget Deficit Could Make U.S. the Next Greece, Greenspan Warns
- Biz Brief: Boeing, Raytheon Get New Navy Contracts
Newswire
- Obama: Republicans blocking progress in Congress
- Questions about who's in charge of BP oil response
- Anadarko points finger at BP on Gulf oil spill
- Regulators close Nev. bank for 83rd failure in '10
- Senate fails to spare doctors from Medicare cuts
- Mozzarella gets the blues in Italy amid complaints
- Stocks post biggest two-week gain since November
- Obama tells G-20 nations to seal economic recovery
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