by Tara Clarke
The government's official unemployment rate is "a Big Lie," according to Jim Clifton, the CEO of 80-year old analytics firm Gallup. In a Feb. 3 op-ed, Clifton slammed the White House, Wall Street, and the media for celebrating about how unemployment is "down" to 5.7%.
Of course, here at Money Morning, we've called the "official" unemployment numbers cooked all along.
It's a good thing that Clifton is onboard with us – the more the merrier.
Alibaba Group Holding Ltd. just picked up a major catalyst for the BABA stock price – despite the market's muted reaction to the news…
The BABA stock price was up 1% this morning (Tuesday), one day after (NYSE: BABA) invested $590 million in Chinese smartphone-maker Meizu.
As Money Morning experts have been telling readers for months, the mobile market will be the biggest catalyst for the Alibaba stock price.
And this week's deal highlights how...
When Money Morning's Chief Investment Strategist Keith Fitz-Gerald first recommended one of his top stock picks in October, he set a growth estimate of 1,358%.
But he's making a correction. That initial estimate was just too low.
Fitz-Gerald now sees this stock climbing 1,417%. The tech stock opened today at just $1.44 per share. But by 2020, Fitz-Gerald sees it climbing to $21.85 per share.
You see, this top stock is tied to one of the most dynamic trends: human augmentation.
More than 3 billion people on Earth still have no or poor access to the Internet. Elon Musk wants to build a network of hundreds of low-orbiting satellites that will deliver high-speed, low-cost Internet to the most remote places on Earth.
But he won't be building this "Space Internet" alone. One tech company is already helping him make his dream a reality.
Here's the company poised to reap big gains by helping Musk...
by Alex McGuire
There are 12 new IPOs this week on Money Morning's IPO calendar.
The dozen is projected to raise $1.3 billion. That would make this week the year's biggest so far in terms of proceeds and count.
Here's a look at the rest of the upcoming IPOs this week...
Good Morning! Futures for the stock market today (Tuesday) forecast a 91-point increase for the Dow from yesterday's close.
What to Watch Today: Investors will keep their eyes on numerous earnings reports, and the continued drama in Greece. Yesterday, Greece's Prime Minister Alexis Tsipras said his nation will not consider any extension of its bailout terms.
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RadioShack Corp. (OTCMKTS: RSHC) took another step in its demise on Feb. 5, 2015 when it filed for Chapter 11 bankruptcy. One of the company's biggest issues: it failed to keep up with the times.
And it's not alone in its dogged refusal to adapt. Several businesses are headed down the same path as RadioShack.
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Massive new oil supply has led Saudi Arabia to compete for market share by dramatically cutting prices. The impact of this cheap oil in North America is mixed. But certain regions are clear beneficiaries, such as those surrounding auto-reliant Detroit.
Just across the roughly 1.5 mile expanse of the Ambassador Bridge from Detroit is Windsor, Canada. Its fortunes are tightly interwoven with those of the Motor City. One Canadian firm with operations in Windsor is sure to benefit from the glut of cheap oil.
The Dow Jones today slipped 95 points. The cause? Concerns over Greek debt and the Chinese economy offset optimism about an improving energy sector.
China's export levels slipped 3.3% from a year ago, while its imports dropped a staggering 19.9%. The announcement was far worse than economists expected and raised new concerns about the world's second-largest economy.
Here are all the day's top market stories - plus our new profit tip for investors...
by David Zeiler
The January jobs report seemed like good news.
The U.S. Labor Department said 257,000 jobs were added to the economy. That easily beat the 230,000 numbers analysts had expected.
And yet unemployment ticked up to 5.7% from 5.6%. Money Morning Chief Investment Strategist Keith Fitz-Gerald sees the conflicting data in the jobs report as more proof the recovery is not the success President Barack Obama claims.
