A theme is emerging from the flood of recent corporate earnings reports: Cost cuts are boosting profits. Investors are cheering, but they shouldn't. Even in these tough times, more CEOs should be talking about how they are seeking out investments,

Social networking site Facebook has been awarded US$711 million in damages from prolific spammer and social network scammer Sanford Wallace for bombarding its users with spam, Facebook attorney Sam O'Rourke reported in a blog post. Judge Jeremy Fogel of the

Apple's iPhone is making its long-awaited formal debut in the world's most populous mobile phone market, without a key feature and at higher prices than widely available black market models. Apple's local service provider, China Unicom, hopes the iPhone will

Fall is a great time for kids to do fall crafts. Leaf collages are easy to make and can provide hours of fall fun. Kids enjoy looking for the leaves as well as using the leaves to create their creative

Before you begin searching for tools, ask your friends what recent tools they've bought. Also, ask how often they use them. This sounds like common sense but you'd be amazed how little we utilize free advice. Plus, you want to

The relative aimlessness of last week's trading was replaced by a decidedly negative tone this week. Investors displayed skepticism ahead of the advance Q3 GDP data, with equity indices giving up ground for three days in a row. The data

On the weekends the line to see Chairman Mao's' body in his masoleum in Tiananmen Square can stretch for blocks. This fall Beijing is full of Chinese tourists. In the Forbidden City, in the Summer Palace and especially in the

Once upon a midnight dreary, some questioned the merits of economic theory. In the midst of the Great Recession, there was concern that zombie banks would lead to a perennial economic equivalent of the Night of the Living Dead. But

Financial market review - foreign exchange The pound has recovered this week, becoming the second best performing currency in the G-10 space, just behind the Japanese yen. GBP/USD closed the week 0.8% higher at $1.6467 and GBP/EUR ended at a

Personal spending dipped 0.5% M/M in September, as the impact of the "cash for clunkers" program unwound, while income was flat on the month. Core PCE inflation continues to be tame, rising by only 0.1% M/M, with the pace of

The Canadian economy contracted by 0.1% in August. On-going weakness in export-oriented industries was partly offset by domestic resilience. Canadian economy still on track for a moderate increase in the third quarter. The Canadian economy contracted by 0.1% in August.

The next leg higher in dollar index valuations will happen if the S&P fails to get above 1060, (that seems a lot further away at midday on Friday than it did at 08:30 EDT), and oil suffers the indignity of

The lack of follow through in risk correlated trades has definitely raised some concerns over the sustainability of this risk rally. In particular, the better than expected Chicago PMI and U. of Michigan Confidence failed to translate USD weakness as

The biggest week of Q4 and anticipation of choppy trading conditions has already been translated in a substantial mark-up in volatility, but the worsening in US confidence data is a new trading theme that may receive more prominence depending how

Rising oil price poses risk for US consumer One of the risks to the sustainability of the US recovery comes from the oil market. As highlighted in Global Scenarios (alternative scenario 2) a strong rise in oil prices can add

USD: Higher, stocks slide, consumption slows, Chicago PMI strong, consumer confidence dips JPY: Higher, BOJ holds monetary policy steady and begins its exit strategy EUR: Lower, consumer prices fall ,unemployment rises, German retail sales slip GBP: Lower, Consumer confidence rises,

A selloff is taking place in the riskier FX pairs and the USD/JPY is following suit, telling us investors prefer the Yen over the Dollar as a safe haven right now. Today's strength in the Yen also stems from the

The Cable's rally in reaction to yesterday's positive U.S. Prelim GDP has hit a wall at our 2nd tier downtrend line. As with the EUR/USD, the GBP/USD failed to receive any abnormal topside volume yesterday, indicating bulls weren't fully behind

The EUR/USD is under some selling pressure today after yesterday's rally fueled by U.S. Prelim GDP data failed to overcome 10/27 highs, let alone our 1st tier downtrend line. Additionally, yesterday's buy-side volume came in well below Tuesday's pop in

EURUSD- Intra day price action saw the pair wiping out almost all of its Thursday gains during the US session today suggesting an extension could shape towards its Oct 29'09 low at 1.4682. As highlighted in our earlier analysis of