April 2008 - Money Morning - Only the News You Can Profit From

With a Rate Decision, GDP Report Due Today, the Fed Walks the High Wire Again

By Jennifer YousfiAnd William Patalon IIIMoney Morning Editors If U.S. Federal Reserve policymakers make the expected quarter-point rate cut at the end of their meeting today (Wednesday), the impact will be felt well beyond U.S. borders. Indeed, the interest-rate reduction could set in motion a series of diverse global events that will impact such seemingly […]

Read More…

The View From China: Despite the Auto Industry's Pedal-to-the-Metal Growth, a Safety Play May Offer the Safest Play

[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country's scenery, as well as its investment opportunities. Here is the first installment of a short series detailing his observations and discoveries.] SHANGHAI, CHINA – Why U.S. automakers can't import smartly designed, well-made little cars that […]

Read More…

Global Investing Roundups

Consumer Confidence Hits 5-Year Low; Citi to Offer $3 Billion in Common Stock; Denny’s Satisfied by 1Q Earnings; IBM Bumps Dividend; Merck Drops on FDA Rejection; Airline Shares Take-off; MasterCard’s “Priceless” Quarter; Gildan Shares Sacked for a 30% Loss The Conference Board's consumer confidence index fell to 62.3 in April, a five year low, Bloomberg […]

Read More…

It Takes a Task Force: The U.N.'s Latest Attempt to Feed the Planet

By Jason Simpkins And William Patalon III Money Morning Editors United Nations Agencies and the World Bank yesterday (Tuesday) set up a special task force and called on countries to stop restricting food exports – the latest evidence that an escalating global food shortage is threatening to spiral out of control. "We consider that the […]

Read More…

India and Iran Plan Move Gas Project Forward Despite U.S. Reservations

By Jason Simpkins Associate Editor After a visit to Sri Lanka, Iranian Prime Minister Mahmoud Ahmadinejad stopped off in India yesterday (Tuesday) to put the finishing touches on an agreement that will bring Iranian gas to Pakistan and India through a $7.6 billion pipeline. The 1,615-mile pipeline will transport 30 million cubic meters of natural […]

Read More…

Housing Slump Continues

By Jennifer Yousfi Managing Editor Housing prices continue to fall in 20 major metropolitan areas, according to the S&P/Case-Shiller home-price index released yesterday (Tuesday). The index dropped 12.7% in February from a year ago, a bigger drop than was anticipated and the largest decline since the index's inception in 2001. The index has had back-to-back […]

Read More…

Global Investing Roundups

Sohu Soars on 156% Jump in Revenue; Price of Crude Can't be Contained; Kerkorian Riding Shotgun at Ford; Verizon Gets a Boost From Wireless Business; Visa Profit Up 28%; BoA to Modify $40 Billion in Loans; Corn Continues to Grow in Price; Questar's Piping Hot Earnings Report   Chinese Internet media company Sohu.com Inc. (SOHU) […]

Read More…

Continental Jettisons United, Eos Grounded; Domestic Airline Woes Escalate

By Jennifer YousfiManaging Editor Continental Airlines Inc. (CAL) said it would forgo a merger with UAL Corp.'s (UAUA) United Airlines unit, while all-business-class carrier Eos Airlines Inc. ceased operations after filing for bankruptcy protection – two weekend developments that illustrate the escalating pressures that domestic air carriers continue to face. Continental's management ended months of […]

Read More…

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com