Results for 2007 November
Housing a "Drag" on the U.S. Economy – and May Spur Another Rate Cut
By Jason Simpkins
Associate Editor
The U.S. economy is showing new signs of weakness, stemming from losses in the housing sector. And that’s despite a 4.9% third-quarter surge.
Foreclosures increased while home-values plummeted – a trend many experts see continuing well into…
Global Investing Roundup
Ping An Builds Stake In Fortis; Vimpel Sees Profit Soar; Toronto Dominion Banks Big 4Q Earnings; Dubai International Bolsters Advisory Board;
- Ping An Insurance Group (PNGAY), a leading Chinese insurance concern announced yesterday (Thursday) that it spent $2.68 billion for a…
Sovereign Wealth Funds Biting into the World's Biggest Companies…Transparency and Motives in Question
By Mike Caggeso
Associate Editor
Oil is called "black gold" for a reason. Any country with enough of it not only has an endless line of customers, but pockets overflowing with cash.
In that sense, oil is just as much…
Citigroup Faces Another Setback as Enron Specter Reemerges
By Jason Simpkins
Associate Editor
To say that Citigroup Inc. (C) has had more than its fair share of trouble lately might be an understatement. The nation’s number one mortgage lender has been devastated by the subprime collapse and struggled to regain…
Citadel Throws E-Trade a $2.5 Billion Life Raft
By Staff Reports
Despite recent financial troubles, E*Trade Financial Corporation (NASDAQ: ETFC) is not going bankrupt. Citigroup Investment Research analyst Prashant Bhatia caused a minor panic (and a 59% sell-off) earlier this month, when his November 11th report on E*Trade stated,…
Why Some of the World's Savviest Investors Are Buying – Gasp! – Citigroup
Federal Reserve Hints at December Rate Cut the Day Dismal Housing Statistics are Released. Coincidence?
By Mike Caggeso
Associate Editor
U.S. Federal Reserve Vice Chairman Donald Kohn – intentionally or not – hinted that another interest rate cut is possible when the central bank’s policymaking Federal Open Market Committee (FMOC) meets on Dec. 11.
"The degree…
Stocks Enjoy Their Biggest Two-Day Rally in Five Years
From Staff Reports
U.S. stocks experienced their biggest rally in five years yesterday (Wednesday), as browbeaten investors seized on Federal Reserve Vice Chairman David Kohn’s suggestion that another rate cut could be in the offing.
The Dow Jones Industrial Average soared 331 points,…
Global Investing Roundup
Banking Woes Worsen in Third Quarter, FDIC Says; Telkom and Vodafone Talks End; Acorn Falls in Third Quarter; International Hits Now Low on Sour 3Q Numbers; Porsche Sales Accelerate; Macquarie, MBK Tune in on Korean Cable TV Firm
- Net income in…
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