In Defense of Research In Motion

Research in Motion (ticker: RIMM) announced that it expects second quarter earnings per share to by between $1.30 and $1.37, rather than between the range $1.47 of $1.55 that it just promised a month ago.  Stock analysts hate this kind of revision and many who follow...

U.S. GDP Growth Slows

U.S. Commerce Department calculations estimate that first quarter U.S. gross domestic product (GDP) growth slowed to 1.8%.  By comparison, fourth quarter GDP growth was 3.1%. Analysis: Clearly this is a disappointing result.  However, let’s review some of what...

Japanese Production Devastated by Tsunami

Japanese government statistics show that March factory production fell a whopping 15.3% from February’s number.  Furthermore, the tsunami led to an 8.5% drop in household spending. Analysis: Each of the above numbers set records for statistical drops in Japan...

Apple is Back Pedaling

Over the last week I have been tracking and blogging about Apple’s breach of privacy decency, as well as Google’s privacy violations, too.  This morning Apple announced that it is going to be providing a software “fix” so that location data is...

Consumer Confidence Up Is Important

Consumer confidence rose to a level of 65.4 in April according to its tracker, The Conference Board.  Meanwhile economists had expected a level of 65.0.  March’s consumer confidence was revised upward slightly from 63.4 to 63.8. Analysis: I have said it so many...