By Jennifer YousfiManaging EditorMoney Morning Las Vegas Sands Corp. (LVS) shares more than doubled yesterday (Wednesday) after Singapore’s government pledged support for the completion of a local $4 billion casino project. Las Vegas Sands stock hit a daily high of $10.97, before paring back to close at $8.91 with an 80% gain of $3.96 each. […]
Archives for October 2008
October 2008 - Page 2 of 14 - Money Morning - Only the News You Can Profit From
Global Investing Roundups
Oil Bounces Back; Hungary Gets $25 Billion in Aid; P&G Boosted by Emerging Markets; Qwest Cuts Workforce; Airline Merger Cleared for Takeoff; Domestic Airfares Soar to Record High; Consumer Crunch Hits Comcast; Biotech Firm Plunges Oil prices rallied off a 17-month low yesterday (Wednesday), soaring $5.12, or 8.16% to settle at $67.85 a barrel. Earlier […]
Volkswagen's Racing Shares Fueled by Porsche Investment
By Jennifer Yousfi Managing Editor Money Morning Short-sellers scrambling for cover sent shares of Volkswagen AG (OTC ADR: VLKAY) rocketing up more than $1,000 each yesterday (Tuesday), to briefly give the German automaker the most valuable market capitalization in the world. Volkswagen's Frankfurt-traded shares soared as high as $1,258 (1,005 euros) before closing at $1,186 […]
Four Ways to Protect Your Retirement From the Ongoing Financial Crisis
By Jennifer YousfiManaging EditorMoney Morning In the depths of a bear market that has carved between $500 billion and $2 trillion from U.S. retirement accounts so far this year, as many as two-thirds of all Americans have stopped contributing to their retirement plans, a new study shows. And that’s precisely the wrong decision to make […]
Four "Safe Haven" Markets For U.S. Investors
By Martin HutchinsonContributing EditorMoney Morning/The Money Map Report It must now be horribly clear to everybody with an investment portfolio – indeed, to anyone who watches the financial markets – that no country or sector is safe from a bear market of the magnitude of the one we’re suffering through right now. When stocks get […]
Dow Zooms Above 9,000 on Eve of Expected Fed Rate Cut
By Jennifer YousfiManaging EditorMoney Morning U.S. equities rallied yesterday (Tuesday) as the U.S. Federal Reserve convened for the first day of a two-day meeting of its monetary policy committee. At the New York close, all three major U.S. indices had sizeable gains: The blue-chip Dow Jones Industrial Average Index soared 889.35 points, an increase of […]
Striking Machinists to Vote Saturday on Deal To End Boeing Walkout – Shares Soar
From Money Morning Staff Reports The International Association of Machinists and Aerospace Workers Union will vote this Saturday on whether to end its two-month strike against The Boeing Co. (BA). A tentative agreement to end the strike was reached Monday. Boeing’s shares soared $6.55 each, or 15.5%, to close at $48.91. They are still down […]
GM, Chrysler Merger Could Get Government Backing
By Jason Simpkins Associate Editor Money Morning The U.S. government is looking for ways to facilitate a merger between General Motors Corp. (GM) and Chrysler LLC, in the hopes of keeping the once vibrant industry afloat during a time of crisis. But Uncle Sam’s credit card is close to maxed out and a bailout for […]
Global Investing Roundups
Consumer Confidence at All-Time Low; Home Prices Continue Collapse; OPEC Still Not Satisfied; Whirlpool Circles the Drain; Optimistic Wall Street; Banks Balk on Buyout; Stop the Presses? The Conference Board said yesterday (Tuesday) that its consumer confidence index fell to 38 – the lowest level since the Conference Board began tracking consumer sentiment in 1967. […]
Four Ways to Sidestep the Damage Wall Street's Big Money Movers are Inflicting on Main Street
By Keith Fitz-GeraldInvestment Director Money Morning/The Money Map Report As the worst financial crisis in recorded market history rocks Wall Street, millions of investors on Main Street keep asking a single question. When will this end? The market volatility is unprecedented: Where professional traders once ranked a day as “wild” if we witnessed a 300-point […]