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All Posts Tagged With: "Stocks"

AT&T Profits Mean We Must Be In A Recession

AT&T this morning reports an increase in quarterly profit.  From the Reuters story:
AT&T’s first-quarter profit rose to $3.46 billion, or 57 cents per share, from $2.85 billion, or 45 cents a share in the same quarter a year earlier.
The positive report results mostly from strong growth in AT&T’s wireless business.  Traditional phone subscriptions were down.
One [...]


Asian Markets Dive…

According to the WSJ, on fears that the US will experience a recession (perhaps due to the possibility of Ron Paul getting elected president), the major Asian indexes fell anywhere from 4-8%.
Evidently Bush’s stimulus package did not impress. Let’s hope this doesn’t create a circular reaction event (US Markets drop, Asian Markets drop, lather, [...]