December 2007 - Money Morning - Only the News You Can Profit From

Wall Street Boosts Compensation – 14% Average Increase in 2007

By Mike Caggeso Associate Editor The subprime mortgage crisis helped send many investors on a wild ride in 2007, but that didn't stop some Wall Street investment bankers from giving themselves a hefty raise. Four large New York-based firms – Goldman Sachs Group Inc. (GS), Morgan Stanley (MS), Lehman Brothers Holdings Inc. (LEH) and The […]

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Outlook 2008: The January Effect, the Presidential Election and Other Indicators Bode Well for U.S. Stock Prices

Editor's Note: This is the Fourth Installment of an Ongoing Series Highlighting Global Investing Opportunities For 2008. As 2007 winds down, many investors are scratching their heads about what the New Year might bring in the financial markets. But those investors should keep in mind three factors that could point to a potentially positive year […]

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Saudi Arabia Aiming to be "King of the Cash Barons" by Launching its First Sovereign Wealth Fund

By William Patalon III Executive Editor Money Morning/The Money Map Report In yet another example of the growing global importance of state-run investment pools, Saudi Arabia said it's establishing a sovereign-wealth fund that will eclipse Abu Dhabi's $900 billion venture to become the largest in the world. As the new "King of the Cash Barons" […]

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Gold ETF Recommended by Money Morning Gurus Eclipses Dutch Central Bank on List of Global Gold Holders

From Staff Reports The streetTRACKS Gold Trust Exchange-Traded Fund (GLD), an ETF that Money Morning's investment gurus have recommended several times, has overtaken The Netherlands to take over the No. 8 spot on the list of the world's top holders of gold, reported on its web site yesterday (Thursday). The GLD ETF now holds […]

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Economic Forecasts Boosted by Consumer Spending

By Jason Simpkins Associate Editor Consumer spending rose by its highest level in more than two years in November, evidence that American shoppers were willing to open their wallets despite market gyrations, credit concerns and declining home values. In fact, consumers spent more than they earned, driving the personal savings rate into the red for […]

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Global Investing Roundup

BlueScope Broadens Base with IMSA Acquisition; Lifetime Moves Into Mexico with Ekco; Deal Will Allow Chinese Online Consumers to Buy From U.S. Retailers; Daito Founder Puts His $1.7 Billion Stake on the Block  BlueScope Steel Ltd., Australia’s largest steelmaker, announced yesterday (Thursday) that it would pay $730 million for IMSA Steel Corp., the Associated […]

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