Our friends over at 24/7 Wall Street make an annual habit of predicting which everyday brands will go out of business or otherwise disappear in the following calendar year. Their predictions are out for 2014, which feels far enough away in retail terms that we need time machines and binoculars to see it from here. [More]
The site 24/7 Wall Street makes an annual tradition of predicting which brands will disappear in the coming year. Next year, they predict the demise of such diverse brands as Saab, American Apparel, Sears, Kellogg’s Corn Pops, and Soap Opera Digest. [More]
If the Japanese disaster and out-of-control oil prices slowed economic recovery in the first half of 2011, a second half of the year free of such setbacks could mean better days for the economy. This is according to analysts who say economic growth is set to ramp up. [More]
The psychics at 24/7 Wall Street are back with their latest list of brands that won’t be long for this Earth, and the new selection includes deadpool darlings like Blockbuster and Zale, as well as some less obvious choices, including Kia and Moody’s. How’s their record? Last time around, the list included Palm and Newsweek. One of those has already been purchased by a buyer who may not keep the name alive. The other? 24/7 says that “Newsweek has little chance of staying open.” [More]
To win a state contest, four Wisconsin fifth graders took a hypothetical $100,000 and more than doubled it in 10 weeks, according to an AP story. The kids focused on financial stocks, which they correctly figured had bottomed out. Out of the 15 stocks they fantasy-invested in, 13 were profitable, the biggest winners being Deutsche Bank and JP Morgan. The kids won a trip to the New York Stock Exchange, where they were surely viewed with utter exasperation.
“We are hopeful that the very sharp decline we saw beginning last fall through early this year will moderate considerably in the near term and we will see positive growth by the end of the year,” Bernanke told the Joint Economic Committee.
Bad news for gamers who are dreaming of an Xbox 361, PlayStation 4 or Wiii. You won’t be playing hovercraft Mario Kart or holographic Halo until well into President Palin’s first term.
Two fortune-tellers in Chicago are in being held in jail in lieu of $750,000 bail each for defrauding customers by convincing them they were cursed, then selling them expensive curse-removal/protection services. Remember, folks, fortune tellers cannot curse you, see your future, turn you into a werewolf, or make you lose horrific amounts of weight. They can, however, take your money.
Auto industry investors are warning that automotive sales could hit a 15-year low in 2008, but that auto makers will probably cut production before they offer steep discounts. [Reuters]