By Jennifer Yousfi Managing Editor April was a strong month for retail sales, with Thomson Reuters data showing 68% of stores reported better-than-expected same-store sales. It was the best showing for the retail industry since November, but don't be quick to assume that means the sluggish U.S. economy is on the mend. Stores got a […]
Archives for May 2008
May 2008 - Page 10 of 14 - Money Morning - Only the News You Can Profit From
A Currency Conundrum: Beware of the U.S. Dollar's "Head Fake" Rally
By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report Don't mistake the U.S. dollar's recent rally for strength. If anything, it's a head fake of legendary proportions. In fact, the dollar's recent run-up is actually a warning that risks are escalating. To better understand what I mean here, let's look at the greenback's recent performance against […]
Money Morning Boosts Oil Target Price to $225 a Barrel, Thanks to Continued Scarcity, Burgeoning Demand in China
By William Patalon III Executive Editor Money Morning/The Money Map Report Money Morning Investment Director Keith Fitz-Gerald – one of the first global financial gurus to predict triple-digit oil prices – has boosted his target price for crude oil from $187 to $225. The case for the target-price increase of 20% was very clear. "The […]
Global Investing Roundups
Congress Considers Steel Pennies and Nickels; Slovakia to Adopt the Euro; U.S. Home Sales Hit New Low in March; "Grand Theft Auto" Nets $500 million in One Week; Vallejo, Calif. Officials Vote for Bankruptcy; Disney Shares Gain on Happy Earnings; Cisco Stock Slumps; SEC Wants to Avoid Another BSC The U.S. Congress is considering a […]
Sprint Forms $14.5 Billion WiMax Joint Venture with Clearwire
Mike Caggeso Associate Editor Trying to disconnect from its downtrodden Wireless business, Sprint Nextel Corp. (S) announced it will merge its high-speed wireless business with Clearwire Corp. (CLWR) – forming a $14.5 billion joint venture that plans to roll out the first nationwide WiMax network. They'll get a combined $3.2 billion from interested investors […]
Myanmar Cyclone Puts More Pressure on Already Strained Global Rice Market
By Jennifer Yousfi Managing Editor Cyclone Nargis ripped through the Southeast Asia nation of Myanmar on Saturday, leaving 22,000 dead and the country's rice crop in ruins. Myanmar, known as Burma until its independence in 1948, is one of the foremost exporters of rice with approximately 400,000 metric tons exported last year. While that figure […]
Microsoft Turns to Facebook After Failed Yahoo Bid
By Jason Simpkins Associate Editor Microsoft Corp. (MSFT) bankers recently contacted Facebook Inc. and made inquiries about purchasing the popular social networking site, the Wall Street Journal reported. Story continues below… No active discussions have been held between the two companies, but Microsoft has been on the prowl since withdrawing its bid for Yahoo Inc. […]
Microsoft Adds to Asian Operations with $280 Million R&D Center in Beijing
By Jason Simpkins Associate Editor Less than a week after withdrawing its bid Yahoo! Inc. (YHOO), Microsoft Corp. (MSFT) broke ground on a $280 million research and development campus in Beijing. The center, to be completed in 2010, will be the company's largest outside the United States with enough room for 5,000 employees, according to […]
The View From China: The Freedom to Change Also Means There's a Freedom To Fail
Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country's culture and scenery, as well as its investment opportunities. Here is Part III of a short series detailing his observations and discoveries. By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report YANGTZE RIVER, CHINA – The sky is […]
10 Global Trends to Follow for the Next 18 Months
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report There's an old Wall Street adage that tells us that "the trend is your friend." And there's a witty bit of wisdom we've developed here at Money Morning to help guide our readers and us that says: "Go global or go home." Combine those two and […]