Over the weekend, G-20 finance ministers will meet to discuss any additions to the International Monetary Fund (or IMF) after it made large contributions to Greece and other peripheral European nations. Currently, the US has stated that it will not make any additions to the IMF. In Europe, despite the approval of the Greek bailout package from a variety of…
Migrants elbow for Foxconn jobs despite labour probe. Thu, Feb 23 2012 * Migrant workers scramble for Foxconn jobs * Workers say Foxconn pay rise offset in part by trimmed benefits * Foxconn wage hike impact on profits minimal-analyst * Conditions still hard at Foxconn despite labour probe By James Pomfret LONGHUA, China, Feb 23 (Reuters) – Apple’s top manufacturer…
We will be adding a new section on the homepage for short comments like this that will updated intra day at times. These short posts will not be sent to all in an email but will be posted to Twitter as well as the web site. Apple ( AAPL ) is up $10 plus points today. Just want to point…
LANGE FINANCIAL SERVICES: MARKET UPDATE: February 20, 2012 8:00pm Since the middle of January, there have been increasing calls by practically everyone for a decline of perhaps 10% in the popular market indexes. While it is hard to rule out a correction/consolidation given the 24% rally in the S&P 500 from the early October bottom, we expect that any decline…
US markets will be closed on Monday to celebrate George Washington’s birthday, but traders will still need to keep an eye on the news in Europe. European finance ministers will be meeting to approve the 135 billion euro bailout package for Greece after it passed budget cuts last week. The Eurogroup has stated that it is confident a decision will…
Apple to Bring iPhone, iPad Features to Mac By JESSICA E. VASCELLARO CUPERTINO, Calif.—Apple Inc. Chief Executive Tim Cook wants to make its Mac more like an iPhone. In an interview at the company’s headquarters here, Mr. Cook unveiled a new version of the company’s Macintosh operating system that incorporates several features from the software that powers Apple’s hit mobile…
Tim Cook is on-stage. Opens with “safe harbor” statement noting that his speech may include “forward-looking statements.” Goldman Sachs analyst Bill Shope is conducting the interview. What should investors know about Apple’s relationship with the supply chain and the workers within it? First thing I would want everyone to know is that Apple takes working conditions very seriously, and we…
LANGE FINANCIAL SERVICES: MARKET UPDATE. February 12, 2012 7:00PM Despite the prevailing investment caution including the many investors looking for a significant correction, we maintain our aggressive investment position pursued since early October as the DOW declined to 10,400 during this period. The current level is 12,800. Dow 13,000 is within sight. Our yearlong objectives remain the all-time highs of…
By Michael Sedacca Feb 10, 2012 4:10 pm Economics, earnings reports, and market events for the week ahead. Next week we have GDP data from the major European countries that saw a downturn in market prices this past week. Any economic data from France should be heeded as current President Nicolas Sarkozy will be facing elections later this spring and…
THE NEW TAX NUMBERS FOR 2012 Things to Consider A number of figures used in tax and retirement planning have been updated for 2012. Most limits for pension and IRA contributions have been increased slightly. For example: The maximum contribution that can be made to a defined contribution plan in 2012 under Section 415 is the lesser of $50,000 or…
From Yesterday’s Post: Lange Financial Services The Dow has now rallied over 2400 points in the subsequent period. Notwithstanding some correction, higher prices seem likely. Our target over the past 18-24 months has been the all time high in the Dow or 14,200 reaqched in October 2007 or the S&P 500 of about 1550.. Most investors are: 1. Positioned conservatively.…
LANGE FINANCIAL SERVICES: MARKET UPDATE SUPER BOWL SUNDAY 2012. 3:00PM Despite the well known negatives especially the European financial crisis, we turned very bullish in early October. Prior, we were positive though recommending taking profits during the fourth quarter for 2011 in mid January, and at the end of the first and second quarters. The summer period was very difficult,…
As Obama Crows, Real Story Is 10.5 Mil Jobs Deficit From Investors Business Daily. Posted 02/03/2012 07:02 PM ET Jobs: Of course it’s good news that 243,000 new jobs were created in January, shaving the unemployment rate to 8.3%. But thanks to massive policy errors by the White House, we’re still way below where we should be. President Obama, speaking…