Eagle Eye Opener
McDonald’s Fattens the World; The Rich Get Richer… at a 75% Discount; Chinese Data Boosts Emerging Markets to Three-Month High
Powered by stronger sales in Europe, McDonald’s posted an unexpected 1.9 percent increase in global sales.
Apple Poised for a Rebound; Sony to Super-size Holiday Season for PS4; There’s Gold in ‘Them Thar Brews’
In the next week, investors will be watching Apple, Inc., closely to see if a couple of well-orchestrated events can push shares back above the $500 mark.
Jobs Increase May Not Be Enough for Fed to Begin Tapering; 10-Year Treasury Notes Break Through 3%; Brent Crude Set for Longest Rising Streak in Months
This morning’s U.S. jobs report showed a slight drop in the unemployment rate to 7.3%, dipping slightly from 7.4% in July, with an additional 169,000 in nonfarm payroll during August. But is less-than-expected job creation sufficient to cause the Fed to taper its easy-money policies?
World Markets Mixed Awaiting Fallout from U.S.-Syria Situation; Samsung Introduces Wearable Computer with a Resounding Thud; Global Food Prices Fall in August, Close to Bottoming out
As U.S. President Obama is meeting with Washington leaders, trying to gain support for attacking Syria in retaliation for the perceived use of chemical weapons, global markets seem to be holding their breath.
Japanese Market to Lose 10%?; Mortgage Applications up at the End of August; LinkedIn’s Secondary Offering Seeking $1 Billion
Despite all of the positive notes struck by Japanese Prime Minister Shinzo Abe’s economic reforms, nearly two-thirds of economists polled by Bloomberg fear that the country’s stock market could crater, should Abe not follow through on proposed tax hikes next April.
Microsoft Late to the Smart Phone Party; Middle Eastern Markets and Oil Prices Get a Jolt… from Israel; Citigroup Minimizes Alternative Asset Holdings to $2.5 Billion
In a blockbuster $7.2- billion deal, Microsoft is acquiring Nokia’s cellphone business. Microsoft is paying 3.79 billion Finnish marks for the business components and 1.65 billion marks for Nokia’s patents.