Profits and sales were down for another quarter at UPS, but investors will be looking ahead to the upcoming holiday season to see if the world's largest shipping carrier—and the U.S. economy—are on the road to recovery. Arthur Hatfield, transportation analyst at Morgan Keegan, shared his analysis of UPS. Read More
China's GDP rose 8.9 percent in the third quarter from a year ago, about in line with expectations, but still the biggest gain in a year. Stocks in China dropped on concerns the government may end the stimulus program there, but the government reiterated it would keep its loose monetary policy. Read More
In this era of Facebook ads and company-customer interaction through Twitter, direct marketing that shows up in your mail box seems incredibly outdated. I mean, junk mail? Really? Read More
Stocks saw a fairly flat open ahead of some key events later today. Just after 1pm ET, the U.S. Government will announce results of its latest auction of 10-year Treasury notes. Then at 2pm ET the Federal Reserve will release its Beige Book report on current economic conditions in its 12 districts. This comes ahead of President Obama’s widely-anticipated speech to a joint session of Congress on his healthcare reform proposals at 8pm ET. Read More
Warren Buffett's Berkshire Hathaway was doing more selling than buying of stocks during the second quarter, but there is one new holding: New Jersey-based medical technology company Becton Dickinson. Berkshire also added to its stake in Johnson & Johnson, although the holdings are still well below where they were before Buffett sold over 33 million shares last fall. Read More
Does the inner Obama secretly favor private health care? It’s hard to know why President Obama said what he said at Tuesday’s health-care town hall in New Hampshire. He actually stated, “If you think about it, UPS and FedEx are doing just fine. It’s the Post Office that’s always having problems.” Oops. Freudian slip? Read More