RSS Facebook Twitter LinkedIn

Featured Advisor

Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

Click to see the full profile

Share |

News Analysis for May 26, 2011

Dow has first positive day in the week

The Dow rose 38.45 to finish at 12,394.66 and  to end a three day slide on Wednesday, according to the Wall Street JournalThe uptick was attributed to commodity prices as well as global growth stocks such as Caterpillar.

Durable goods orders down

The Associated Press reports that businesses cut back on durable goods orders by the largest amount in six months during April.  Orders fell 3.6%, primarily due to difficulty in obtaining parts because of the Japanese crisis.  Orders were at $189.9 billion, 22.5% lower than December 2007 before the onset of the Recession, yet 27.7% above the recession low  of April 2009.

AIG shares lack market interest

The AIG shares being traded this week are falling below the $28.73 the government needs to break even on the government bailout.  Shares are currently trading at $28.28 according to the Associated Press.  Experts indicate the government misread the market's interest in the shares.

Twitter buys TweetDeck

USA Today reports that Twitter purchased TweetDeck for an alleged $40 million on Wednesday.  TweetDeck organizes tweets as well as Facebook and LinkedIn entries.

Government approves new stickers for cars

Starting in 2013 consumers will see an even more in-depth sticker on the windows of new cars.  The new sticker, approved by a joint workforce of the DOT and the EPA, will have an estimated annual fuel cost as well as an overall environment impact of the car, according to the New York TimesThis is the broadest overhaul in the 35 year history of these reporting standards.  The environmental impact and annual fuel cost will be estimated on performance of the car driving 15,000 miles at $3.70 per gallon.

Electric cars not taking off

A USA Today/Gallup poll indicates that 57% of Americans have no interest in buying an electric car.  Concerns include worries about the range, recharge time and battery replacement costs.  Nissan has only sold 1,044 of its Leaf electric cars.

Geithner/Clinton seek Egyptian support

Secretary of State, Hillary Clinton, and Secretary of the Treasury, Timothy Geithner, are appealing to the G-8 countries to contribute funds to help build Tunisia and Egypt as they emerge from their revolutions.  U.S. has decided to forego its $1 billion debt from Egypt. (Because, of course, we don't have our own debt!)