Results for 2008 May
U.S. Housing Prices Suffer Worst Quarterly Decline on Record
By Jennifer Yousfi
Managing Editor
U.S. home prices suffered their worst decline on record, skidding 1.7% in the first quarter, the Office of Federal Housing Enterprise Oversight (OFHEO) announced yesterday (Thursday).
That drop-off from the fourth quarter to the first quarter in the OFHEO’s…
The Surest Way to Double Your Money This Year
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
If you’re looking to double your money, don’t invest in the markets.
Just buy a 1989 Geo Metro or a 1972 Honda Civic.
Both cars got 40 or more miles to the gallon when they debuted…
To the Members of Congress: The Only Three Moves That Will Stop the Oil Price Advance
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
An Open Letter to Congress:
First there was the trillion-dollar pork fest for energy.
Then there was the decision to go with corn-based ethanol.
Now, Congress has voted to stop adding oil to the national Strategic Petroleum…
Iceland Ponders EU Membership as the Credit Crunch Sinks its Currency
Editor’s Note: Despite rising fast financially in the past few years, Iceland is feeling the chilly effects of the global credit crunch – so much so the fiercely independent island nation is considering European Union membership to save its tanking…
Global Investing Roundups
Crude Hits $133; Time Warner Spins Off Cable Unit; Boeing Jettisons 750 Workers; UBS Sells Assets to BlackRock; American Airlines’ Desperate Moves; Moody’s Big Mistake; DOJ to Sue OPEC?; BOE Holds on Inflation Fears
- Crude oil for July delivery rose $4.33…
Euro Heads Back Towards Record High on German Economic Strength
By Jennifer Yousfi
Managing Editor
An unexpected increase in German business confidence sent the euro to a one-month high versus the dollar yesterday (Wednesday) on speculation that the European Central Bank could be forced to hike interest rates to combat inflation.
Germany’s Ifo…
Asian Exports Continue to Surge Despite U.S. Slowdown
By Jason Simpkins
Associate Editor
A stalling U.S. economy has typically been a cause for a concern among Asian exporters, which have traditionally been over-reliant on the American consumer for business. However, those concerns have been assuaged recently, as many exporters throughout…
Germany: Warren Buffett Likes It, And So Do We
By Martin Hutchinson
Contributing Editor
Investors have been watching Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett’s moves for years to see which investments are going to take off next.
Back in October, the Oracle of Omaha’s trip to South Korea encouraged…
With Oil Nearing $130, Kicking the "Oil Addiction" Looks Like the Sole U.S. Hope
By Jason Simpkins
Associate Editor
Oil prices set a new record just shy of the $130 a barrel level yesterday (Tuesday), despite a concerted – though probably futile – effort by the U.S. government to rein in the runaway commodity.
Crude oil for…
Global Investing Roundups
Produce Prices Up Modestly; Target Earnings Off the Mark; Coal Shortage in China; Icahn’s Yahoo Battle Gains Support; Whitney Slashes U.S. Bank Outlooks; Sacked Earnings for Saks; Merck’s Vioxx Settlement; Fed on Pause, Says Kohn
- Wholesale prices rose 0.2% in April…
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