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 […]
Archives for December 2007
December 2007 - Money Morning - Only the News You Can Profit From
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 […]
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" […]
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, ResourceInvestors.com reported on its web site yesterday (Thursday). The GLD ETF now holds […]
Merrill Lynch is the Latest Beneficiary of Global "Cash Barons" Move on U.S. Financial Services Sector
By Jennifer Yousfi And Jason Simpkins Money Morning Editors Merrill Lynch & Co. Inc. (MER) announced Monday that it will receive a needed cash infusion of $6.2 billion – most of it from Singapore's state-run Temasek Holdings. Temasek, a sovereign-wealth fund, will invest up to $5 billion, while the remainder will come from Davis Selected […]
Money Morning's Three-Minute Market Review: How Last Week's Events Are Shaping This Week's Action
By William Patalon III Executive Editor Money Morning/The Money Map Report If you follow the financial markets for as long as I have, you'll see that Wall Street tends to operate in cycles. It's kind of a high-stakes game of follow the leader. When one firm does something different, the rest can be expected to […]
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 […]
Election 2008: Which Democratic Candidates Will Be Best For Investor Profits
The First Article in a Two-Part Series on Economic Policies of the Presidential Candidates From Both Parties. Next: The Republicans. By Martin Hutchinson Contributing Editor With the Iowa caucuses looming immediately after the New Year's holiday it's worthwhile for investors to take a break from their trading triumphs and focus on politics. It's worth taking […]
Outlook 2008: Eight Ways to Pocket Profits From China, While Dodging the Biggest Risks
Editor's Note: This is the Second Installment of an Ongoing Series Addressing the Outlook for Investment Opportunities and the Global Economy in 2008. By Don Miller Contributing Writer Think the party's over in China? Think again. The "Next China" is … China. While some naysayers have pegged China as a bubble that's poised to pop […]
Global Investing Roundup
BlueScope Broadens Base with IMSA Acquisition; Lifetime Moves Into Mexico with Ekco; Alibaba.com 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 […]