Then King Obama should say OK to appease his foes, as he will still get his way. The truth is, they would build it in a heart beat and Warren Buffett's Burlington Northern train purchase will lose a fortune.
Lest we forget. Just blame Bush! PS gas was $1.88/gal when he left office. I'll give Obama credit for anything below $1.88/ gal.
Shouldn't really bother him as his mind is already made up, why confuse him with facts!
While the spike to $4.00 is correct, you fail to mention the geo political cause the forced the spike and the fact it was temporary. Obama, on the other hand with his push for alternative energy and restrictive policy of federal drilling, did everything he possibly could to increase gas prices. Fracking brought down gas prices and Obama did wverything he could to stop it. Warren Buffet also helped because he stood to gain big time with his buying BNSF.
This insanity of tying oil and stock prices together is a product of hedge funds algorythms. Futures were up 49 at 6:30 AM. The clowns showed up and fired up the hedge fund computers and at 8:00 AM were down 100.
In fact, Cramer thinks this market has become pure lunacy. It would make more sense for the S&P 500 futures to higher when oil goes down, not lower.
"You have to be beyond stupid to wonder how something that puts so much money into peoples' pockets could take so many stocks down with it when it occurs," the "Mad Money" host said.
Cheaper oil is the equivalent of an amazing stimulus package. Imagine if the government sent you a check in the mail for $1,000. Would everyone be in fear of the economy selling stocks then? Probably not. The stock market loved the American Recovery and Reinvestment act of 2009.
Jimmy boy is most likely full of it, but I sure would like his paycheck from Goldman sucks for being the fool he is!
SAN FRANCISCO/BEIJING (Reuters) - The settlement of China's anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm's highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and Samsung.
China's National Development and Reform Commission (NDRC) is moving to wrap up its 13-month investigation into the U.S. chipmaker as soon as possible, the regulator said in a statement on Friday, bringing to an end one of the most high profile of a slew of such investigations by Beijing into western firms.
Any deal is likely to include a record-breaking fine, as well as changes to how Qualcomm licenses its technology to handset makers in China, according to industry sources and local press reports.
That could weaken the firm's prized technology-licensing business across the global smartphone industry by increasing pressure from regulators in other countries. Anti-trust probes in Europe and by the U.S. Federal Trade Commission (FTC) may be related to China's investigation, Qualcomm has said.
"It's not an overstatement to say they're under attack," said Thomas Cotter, a patent expert and professor at the University of Minnesota Law School. "Nobody knows how it will play out but the fact that there is an FTC investigation tells you something."
Qualcomm declined to comment.
Qualcomm is the top patent holder for cellphone technology, including many that form industry standards like CDMA and LTE. Charging royalties based on the cellphones' selling prices, even those made with competitors' chips, provided more than half of its $8 billion net income in 2014.
As growth tapers in developed markets, the smartphone industry has turned to China, where the rollout of LTE technology is driving demand, and where the majority of the world's smartphones are also manufactured.
The NDRC, one of China's anti-trust regulators, has said it suspects Qualcomm of overc
Add to that David Wong has INTC as his favorite stock pick for 2015 at Wells Fargo. Bank of America has INTC as one of their top picks for 2015. Looks like 2015 is shaping up to be another great year for INTC.
From Tech Trader Daily
Chip maker Advanced Micro Devices (AMD) this evening announced via an 8-K filing with the Securities & Exchange Commission that the director of its microprocessor and its graphics chips, or GPU, John Byrne, is leaving the company, “to pursue other opportunities.”
The company also said, in an emailed statement, that Colette LaForce, the company’s chief marketing officer, and Raj Naik, its chief strategy officer, have decided to leave
The global economy is forecast to expand by 3 percent this year and 3.3 percent in 2016, up from an estimated 2.6 percent in 2014, the World Bank said in its Global Economic Prospects report released on Tuesday.
"Developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger U.S. economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets," the Washington-based lender wrote in a press release accompanying the report.
Emerging markets are expected to grow 4.8 percent in 2015 and 5.3 percent next year, up from 4.4 percent last year.
Among the major developing economies, China's gradual pace of deceleration will be partly offset by a pickup in India, where the election of a reform-minded government in 2014 bolstered business confidence. In China, growth is expected to slow to 7.1 percent from an estimated 7.4 percent last year, while India's growth is set to accelerate to 6.4 percent from 5.6 percent.
For advanced economies, the outlook remains mixed, with activity in the U.S. and the U.K. gathering momentum, while the recovery in the euro area and Japan is feeble.
The U.S. and U.K. economies are set to expand 3.2 percent and 2.9 percent this year, rising from 2.4 percent and 2.6 percent last year, according to the World Bank. Meanwhile, economic growth in the euro zone and Japan will rise to 1.1 percent and 1.2 percent from 0.8 and 0.2 percent last year.
NEW YORK (TheStreet) -- Jefferies raised its price target on Intel (INTC) stock Wednesday to $50 from $45 and maintained their "buy" rating.
"Positive PC and server trends suggest 4Q14 and 1Q15 consensus estimates are too low," Jefferies said.
Media reports of Taiwan Semiconductor Manufacturing (TSM) share loss to Samsung (SSNLF) are consistent with Jefferies' Moore Stress thesis that Intel and Samsung remain "the last two leading edge semi manufacturers standing," which "opens the door" for Intel to take share in mobile processors as a foundry supplier to TSM's customers or a direct supplier to original equipment manufacturers.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Separately, JP Morgan maintained its "overweight" rating on Intel stock today, citing improving PC/datacenter fundamentals, strong capital allocation, and margin leverage.
What would AAPL do? With yield problems at TSMC and their love hate relationship with Samsung, now a direct competitor X 2. Could this be good for INTC? I think so!
You missed your calling. You should have been in marketing at AAPL.
NEW YORK (TheStreet) -- Shares of Taiwan Semiconductor Manufacturing (TSM) were gaining 6.7% to $22.47 Thursday after the chipmaker beat analysts' estimates for earnings and revenue in the fourth quarter.
TSMC reported earnings of 3.08 New Taiwan dollars a share for the fourth quarter, beating the Capital IQ Consensus Estimate of 3 New Taiwan dollars a share. The company reported revenue of 222.52 billion New Taiwan dollars for the quarter, a 52.6% increase from the year-ago quarter, and above analysts' estimates of 220.22 billion New Taiwan dollars.
Looking to the first quarter, TSMC said it expects revenue of 221 billion New Taiwan dollars to 224 billion New Taiwan dollars, above analysts' estimates of 205.11 New Taiwan dollars.