Lunch with Berkshire's Warren Buffett Costs $3.5 million

Warren Buffett’s charity lunch for the Glide Foundation ended with a winning bid of $3.5 million.  The Glide Foundation is based in San Francisco and the foundation provides help and services to the homeless. Over the past 13 years, Warren Buffett has been holding this annual charity lunch but this [...]

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What are the Worst Economic Indicators for the Coming Week?

In the past week we saw, among other indicators, worse than expected factory orders (-0.6%), productivity (-0.9%), initial claims (377 K), continuing claims (3293 K), and consumer credit ($6.5 billion).  In the coming week, the Treasury budget, import and export prices, retail sales, the producer price index, the consumer [...]

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Warren Buffett Lunch Now Going for Over $430K on Ebay

Legendary investor, Warren Buffett’s annual charity lunch auction is now at $430,000 in the final day of the auction.  The charity is for the Glide Foundation.  While $430K is a nice amount for the charity, it doesn’t even compare to last year’s record of $2.63 million. The weeklong auction was [...]

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FedEx Increases Shipping Rates By 6.9 percent

FedEx Freight, a division in FedEx Corporation (NYSE:FDX) recently just announced that they will be increasing their shipping rates by 6.9% and the rate increase goes into effect on July 9, 2012.  The shipping increase will only apply to shipments that are made within the US, US to Canada [...]

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McDonalds Sales Disappoint as Global Growth Slows

In another bad sign for the economy this morning, McDonald’s Corporation (NYSE:MCD) announced that its sales were down last month as Europe and China were dealing with debt and grow concerns.  Same store sales in the US rose only 4.4% in May, less than forecasted. The fast food chain has [...]

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Chesapeake Energy (CHK) Sells Midstream Asset (CHKM)

Chesapeake Energy Corporation (NYSE:CHK) has announced the sale of its interest in Chesapeake Midstream Partners, L.P. (CHKM) to Global Infrastructure Management LLC this morning. The firm will pay $2 billion for the share in CHKM and there will be a related dale of $2 billion of Assets from Chesapeake [...]

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Apple (AAPL) And WWDC, What to Expect

Apple Inc. (NASDAQ:AAPL) is all set to have its second big event of the year this weekend as the World Wide Developers conference kicks off. There are a lot of rumors going around as to what the company will reveal at the conference. Whatever the company does it's sure [...]

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Facebook (FB) IPO Compensation Plan is Not Making Nasdaq 'Liked'

On Wednesday, Nasdaq OMX Group Inc. (NASDAQ:NDAQ) announced a $40 million plan to pay brokers who saw their Facebook Inc (NASDAQ:FB) orders mishandled during the company's IPO on May 18. With delays and malfunctions on the Nasdaq Stock Market, it was just the beginning on that fateful Friday for the troubled IPO [...]

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Angela Merkel is Facing Her Ben Bernanke Moment

Angel Merkel is quite possibly the most powerful person in the world right now. Her actions have the power solve Europe's greatest crisis, or send the continent into a deep recession. The European Crisis is the most significant event, or long term trend, affecting the market. Whichever of its individual events is in [...]

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Chinese Rate Cut Could Portend Bad Upcoming Economic Data

\ On Thursday morning, China’s central bank cut lending and deposit rates by 0.25% to help stimulate growth in the country’s manufacturing sector; pushing the new 1 year lending rate to 6.31%. It is important to note that this is China’s first rate cut since 2008. While US stocks rose on [...]

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Apple (AAPL) Is Depressed, Why?

The share price of Apple Inc. (NASDAQ:AAPL) is in a sustained and boring crisis at the moment. After an initial pop from the firm's FQ2 2012 earnings report the shares have drifted in the mid 500s stopping what had been an excellent rally in the firm's stock price. There are [...]

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Hedge Funds Increasingly Bullish On Natural Gas

Hedge Funds are still shorting Natural Gas according to the latest Societe Generale SA (EPA:GLE) report on their movements. That trend is slowing however and it has been slowing since at least the start of this year. The commodity is slowly recovering from the terrible outlook it has wallowed [...]

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Google (GOOG) Moving In On Amazon (AMZN) Turf

Google Inc. (NASDAQ:GOOG) has been involved for some time in the online shopping world. The company's shopping platform is rolling out a trusted seller badge to increase the flow of users into the service and increase the revenue garnered from the experience. Google is trying to move in on the [...]

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Morgan Stanley Sees Macro News As Rally Driver

In a new research report by Morgan Stanley (NYSE:MS) released on Thursday, the investment firm sees yet another round of global monetary easing. After previous policy action coupled with risk asset rallies, improved macro data took place but should further easing occur (see QE3), don't expect a long rally. Why? The [...]

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Facebook (FB) Compensation Crosses Line

This morning, the Nasdaq OMX Group (NASDAQ:NDAQ) announced a $40 million plan to compensate investors who lost out in its disastrous handling of the Facebook Inc (NASDAQ:FB) IPO. The package was announced earlier today, and has not been well received by people both inside the trading world and commentators [...]

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Ackman At JCPenney: A Performance Review

In early October of 2010 Bill Ackman decided to invest in JC Penney Company Inc. (NYSE:JCP). Since then the firm's stock has wallowed and today remains lower than the price Ackman bought in at. The firm is edging closer to its 52 week low of 23.44 closing today at [...]

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Best Buy Founder and Chairman Schulze Resigns

In an interesting development, Best Buy Co., Inc. (NYSE:BBY) Chairman and Founder, Richard Schulze, announced today that he would be resigning from the firm immediately.  The founder currently has a 20.1 ownership stake in the electronics superstore, making Schulze the largest shareholder. Originally, Richard Schulze was supposed to retire after [...]

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Russian Shale Oil Field is Larger Than Texas

Currently, the US is going through a shale gas boom over the past decade since new drilling technology came out along with growing demand among oil and gas companies.  While, the shale boom has transformed the US, many other countries have attempted to cultivate a similar energy boom in [...]

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Hedge Fund Euro Shorts hit New Record High

Societe Generale SA (EPA:GLE) has some interesting research out on hedge fund positions. Some of the composite movements may seem obvious in the macroeconomic climate but some of the moves that hedge fund have been making recently may surprise the regular investor. The letter uses data from EUREKAHEDGE which collects its [...]

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Facebook Inc (FB) IPO: NYSE Blasts NASDAQ

  Yesterday we reported, that FOX Business Network (FBN) had received word that NASDAQ would settle today with investors. Sources told FBN “they are going to pay more than the $13 million” and “maybe as high as $30 million.” Today NASDAQ announced that they would pay investors $40 million for losses tied to the IPO. The New York Stock Exchange [...]

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Memo to Green Mountain (GMCR) Management

It’s been over three weeks since LST wrote, “Open Letter to Green Mountain Coffee Roasters Inc.(NASDAQ:GMCR) Board of Directors” which was first posted on zerohedge , a leading financial media site. Your lack of response, either directly to LST, orindirectly throughthemedia, is very concerning.One of the most vocal advocates of your stock, Rock Point [...]

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