Here at the Fool, we've searched high and low across the Web this Tuesday morning to find the biggest news and best stories around. Here are your top five morning reads.
1. Apple says, "what recession?"
Yesterday's earnings featured Apple
2. This morning's earnings rush
A glut of earnings news came out this morning. Here's a brief review:
(NYSE:CAT)had a 53% decline in profits, but handily beat expectations. (Read more at MarketWatch.)
(NYSE:DD)used cost cuts to boost earnings $300 million, but also shaved its earnings forecast for the year. (Read more at Reuters.)
(NYSE:PFE)managed to hike profits 26% thanks to aggressive cost cuts. (Read more at Yahoo! Finance.)
(NYSE:KO)managed to slightly top expectations, thanks to emerging-market strength. If you're playing drinking games this morning, take a shot for a company's earnings strength not being attributed to cost cuts. (Read more at MarketWatch.)
The two companies are increasingly encroaching on each other's turf. Look for Wal-Mart to continue aggressive online features and pricing in a bid to compete more directly online. (Read more at The Wall Street Journal.)
4. Commercial real estate keeps cratering
The new black sheep of the economy, commercial real estate, saw prices decline another 3% in August. That leaves the market down 41% from its peak. (Read more at EconomPic or Bloomberg.)
5. State revenue in free fall
The New York Times takes a quick look at how state and local government revenue is holding up. Spoiler: Not well. (Read more at NY Times.)
Eric Bleeker owns shares of no companies listed above. Apple and Amazon.com are Motley Fool Stock Advisor recommendations. Coca-Cola, Pfizer, and Wal-Mart Stores are Motley Fool Inside Value recommendations. Coca-Cola is a Motley Fool Income Investor pick. Try any of our Foolish newsletters today, free for 30 days. The Motley Fool has a disclosure policy.