Forexsq.com - NMI at 56.8%;January Non-Manufacturing ISM Report On Business(R);Business Activity Index at 59.5%;New Orders Index at 59.4%;Employment Index at 57.4%
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire United States, while the regional reports contain primarily regional d
Forexsq.com - Next year Mark Zuckerberg’s base salary will receive a dramatic pay cut—going from a base salary of $600,000 to just one dollar Which raises the question: will he ever pay taxes again? Zuckerberg’s salary cut is being compared to similar moves by other tech titans. Google’s Eric Schmidt and Larry Page are paid just $1 annual salaries. Steve Jobs took just $1 in salary from 1997 unti
ForexSQ.com - And while the bankers (on both sides of the table) haggle about how to best leech Greece even dryer (with a solution due any hour, day, week now), the actual people are starting to wave the white flag of surrender. Because the opportunity cost of every additional coupon payment is having a direct, immediate and increasingly more dire impact on virtually every aspect of the economy.
ForexSQ.com - Facebook Inc., the social- networking website that in eight years changed the way the world communicates, filed to raise $5 billion in the largest Internet initial public offering on record.
Facebook, whose meteoric rise spawned an Oscar-winning film and captivated Wall Street, yesterday named Morgan Stanley as the lead underwriter on the IPO, while reporting a 24-fold increase i
ForexSQ.com - Facebook Inc., the world’s largest social-networking service, chose Morgan Stanley to take the lead on its planned initial public offering, four people with knowledge of the matter said.
Facebook will file plans with regulators today to raise $5 billion, though the amount may increase, two people said. Morgan Stanley stands to earn a larger share of the fees collected by securiti
At its anticipated IPO later this year, Facebook will be three times more expensive than Google was at its IPO — and nearly 40 times more expensive than the average large IPO of the last four decades.
Those at least are the conclusions I drew from an interview Tuesday afternoon with Jay Ritter, a finance professor at the University of Florida, who is on
Forexsq.com - Manufacturing probably grew at a faster pace in January, a sign the industry will lead the U.S. expansion early this year, economists said before today’s report.
The Institute for Supply Management’s factory index rose to 54.5, the highest since June, from 53.1 in December, according to the median estimate of 81 economists surveyed by Bloomberg News. Readings greater than 50 sign
ForexSQ.com - I just landed in Rome for some on-the-ground reporting on the latest twists and turns in the euro zone debt crisis, and I immediately got some sound insights from our reporter here, Stephan Faris. Stephan watches the situation in Italy more closely than I do, and he makes the point that Rome simply would not pursue any meaningful economic reform if Italy got bailed out or received m
ForexSQ..com - Home prices in 20 U.S. cities probably fell at a slower pace in the year to November, pointing to limited improvement in the residential real estate market, economists said before reports today.
The S&P/Case-Shiller index of property values in 20 cities dropped 3.3 percent from November 2010, the smallest decline in 10 months, after decreasing 3.4 percent in the year ended in Oc
Forexsq.com - European governments moved toward a confrontation over a second rescue package for Greece, just as a dimming fiscal outlook in Portugal opened a new front in the debt crisis.
Euro leaders left a Brussels summit late yesterday with no accord over how to plug Greece’s widening budget hole and German Chancellor Angela Merkel voicing frustration with the Athens government’s failure t
The United States (U.S.) Commerce Department reported gross domestic product (G.D.P.) rose to a 2.8% annualized rate in the fourth quarter, a pace not seen greater since the second quarter of 2010. Growth occurred with companies replenishing inventories by $56.0 billion. Yet, the rate fell below economists’ expectations of 3.0%. The inventory increases added 1.94 percentage points to the country’
ForexSQ.com - While over the past 2 days there may have been some confusion as to who, what, how or where is demanding that Greece abdicate fiscal sovereignty (with some of our German readers supposedly insulted by the suggestion that this idea originated in Berlin, and specifically with politicians elected by a majority of the German population), today's quotefest from German Economy Ministe
Forexsq.com - Sales of new U.S. homes unexpectedly declined in December for the first time in four months, capping the slowest year on record for builders.
Purchases (NHSLTOT) of single-family properties decreased 2.2 percent to a 307,000 annual pace, figures from the Commerce Department showed today in Washington. The median forecast in a Bloomberg News survey of economists called for a rate
The United States (U.S.) Commerce Department reported durable goods sales orders increased by 3.0% to $214.5 billion. The figure, greater than the 2% analysts had projected, exhibited increasing strength in the manufacturing sector. Purchases were headed by transportation equipment that increased 5.5%. Business purchases that included non-defense capital goods moved up 2.9% eliminating previous m
ForexSQ.com - Through its recently published World Economic Outlook (WEO) and statements by Christine Lagarde and other top officials, the IMF has taken the position that Europe is presently on a course that will lead to economic disaster. According to the IMF, unless Europe undertakes a drastic reversal of policy - from austerity to stimulus - a 1930s style economic depression will be the result
