GDP Contracts 6.2% with Analysts Divided Over a Recovery

By Jason SimpkinsManaging EditorMoney Morning U.S. gross domestic product (GDP) contracted at a 6.2% annual pace in the fourth quarter of 2008, the...

China Retains 8% Growth Target for 2009 Despite Massive Headwinds

By Mike Caggeso Associate Editor Money Morning Citing a healthy financial system and "positive signs" in the its economy, China said its economy is...

Global Investment News Briefs

JPMorgan Cuts 2,800 WaMu Jobs; GM Post $30-Billion Loss; Hong Kong Exports Sink; IGM Retains 2009 Outlook; Jobless Claims Spike; Oil Rises for Second...

Obama's Budget Blueprint: What We're Paying for, and How We're Paying for it

By Jason Simpkins Managing Editor Money Morning U.S. President Barack Obama yesterday (Thursday) outlined a the $3.94 trillion budget plan that...

Three Reasons Bank Nationalization Will Keep Investors Awake at Night

By Martin HutchinsonContributing EditorMoney Morning It’s a tough time to be a bank shareholder. You’re not just worrying about whether the...

Report: Vast Majority of Baby Boomers Have Accumulated Little to No Wealth

[This is the latest installment in Money Morning's ongoing "Financial Crisis Investing" series, which explores ways for individual investors to...

The Three Missteps in President Obama’s Economic Turnaround Plan

By Martin Hutchinson Contributing Editor Money Morning U.S. President Barack Obama's speech to the joint session of Congress late Tuesday was a...

Japan’s Exports are Halved by Crisis, Boosting the Odds for a Drop in the Yen

By Jason Simpkins Managing Editor Money Morning Japan's exports were cut nearly in half last month as the global downturn crushed demand for the...

Global Investment News Briefs

Nortel Cutting 3,200 Jobs; Agrium Makes Hostile Bid for CF Industries; Ambac Posts $2.34 Billion 4Q Loss; Obama Picks Locke; Oil Rallies; SanFran...

The One Trend That Hints at Housing’s Recovery

By William Patalon IIIExecutive Editor Money Morning/The Money Map Report The National Association of Realtors said today (Wednesday) that sales of...

Economist: China Stimulus Could Double in Three Years

By Mike Caggeso Associate Editor Money Morning China's already steep $585 billion (4 trillion yuan) stimulus could double over the next three years...

Despite Great Speech, President Obama Presents Risky Plan

By Martin Hutchinson Contributing Editor Money Morning U.S. President Barack Obama's speech to the joint session of Congress late yesterday (Tuesday)...

Plan to Repair U.S. Banking System Unveiled by Former Hedge Fund Manager

The economic house of the United States is ready to collapse upon itself, leaving us exposed and defenseless against the next Great Depression....

Why the U.S. Government Should be Cut Off Like a Subprime Borrower

By Peter Schiff Guest Columnist Money Morning With millions of homeowners now struggling to repay money that they clearly never should have borrowed,...

Global Investment News Briefs

Consumer Confidence Hits Record Low; JPMorgan Slashes Dividend; Bernanke Urges Strong Action for 2010 Recovery; Target Profit Tumbles; Oil Pushing...

Fixing economy to be Focus of Obama's Address to Congress

Money Morning Staff Reports Fixing the economy will top the agenda when U.S. President Barack Obama addresses Congress tonight (Tuesday) in a...

AIG to Seek More Government Assistance as it Braces for a $60 Billion Quarterly Loss

By Jason Simpkins Managing EditorMoney Morning American International Group Inc. (AIG) - once the world's largest insurer - is back in discussions...

December Home Prices Dropped at Record Pace

By Mike Caggeso Associate Editor Money Morning Home prices continued falling in December, setting another record negative pace and revisiting levels...

With Government Talking to Citi About a Larger Stake, Bank Nationalization Still Off the Table

By Jason Simpkins Managing EditorMoney Morning Federal officials are discussing the possibility of converting the U.S. government's preferred shares...

Global Investment News Briefs

AIG to Post Biggest Loss in U.S. History; Stocks Fall to a 12-year Low; Honda to Post First Quarterly Loss in 15 Years; Toyota Lowers Production...

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