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Chevron may have large drop in fourth quarter earnings

After months and months of spectacular earnings and record profits, Chevron expects to see a significant drop in earnings for the fourth quarter.
From Reuters:
Because market conditions had changed significantly, Chevron delayed the unveiling of 2009 capital spending plans until later this month from December. It …

What is a Ponzi scheme?

Named after Charles K. Ponzi, Ponzi schemes have had a very prominent place in the headlines in the last few weeks thanks to the Bernard Madoff scheme. A Ponzi scheme is defined as an investment swindle in which high profits are promised from fictitious sources …

After Christmas sales

As retailers are crying over the poor sales before the Christmas holiday, today was something to look forward to.
Today I went to the local Wal-Mart to see how after Christmas sales were going and the store was packed. Not extremely crowded, but definitely more …

TiVo’s shares rise in 3rd quarter

TiVo’s share rose for the 3rd quarter 2008, $0.98 a share. In 2007′s third quarter, it had a $.08 loss per share, or $8.2 million loss.
TiVo’s raise in profits is impressive because it shows that users are sticking with the service and not …

Get ready for some cheap gas!!

Oil fell in Asian trading to under $55 a barrel today.
Gas has already hit at least $1.67 in some areas of the country…I’m still paying between $2.09 and $2.16 so don’t feel so bad. My friend told me around the Memphis area it is well …