2009 March
U.S. Nuclear Power Sector to Rebound; Will Create New Profit Plays for Energy Investors
Money Morning Staff Reports It’s been 30 years since the accident at Three Mile Island effectively killed the commercial nuclear power industry in the United States. But strongly escalating concerns about global warming, growing worries about so-called “Peak Oil," and greatly improved nuclear-power technology are combining to make nuclear power an increasingly alluring option in [...]
White House Mends Fences With Wall Street
By Don MillerAssociate EditorMoney Morning President Barack Obama convened a "who's who" of executives from the nation's largest banks Friday to mend fences with Wall Street and drum up support for his plans to stabilize the financial system. The meeting appeared to clear the air as bankers said afterward they knew their companies are vital [...]
If You Follow the (Smart) Money, Gold is Clearly the Smart Play
Money Morning Staff Reports At 53 years of age, John A. Paulson manages about $30 billion in his hedge funds. Over 2007 and 2008, he pocketed $10 billion in profits after he correctly bet that the subprime-mortgage market would crash. His Credit Opportunities Fund earned nearly 500% gains in that year. In 2008, his fund [...]
China Resource Drive Stalled by Government Intervention in Oz Minerals Deal
By Jason Simpkins Managing Editor Money Morning The Australian government blocked China Minmetals Corp's $1.8 billion for the Oz Minerals Ltd. Friday, on the grounds that the Melbourne-based company's flagship mine is located in a military zone. The block is the latest development in an ongoing political dispute over whether the government should Chinese interests [...]
Stock Markets Move Past Gloom and Doom in Anticipation of the U.S. Economy's Recovery
The recent stock market rally may not be a bear-market trap or a “dead cat bounce,” but may in fact be the first signs of dust from an oncoming and unexpected bull stampede. In the face of gloom-and-doom predictions, rapidly rising unemployment, and an imploding economy, the market’s strong rally clearly anticipates a recovery in [...]
Financial Crisis Investing: How to Profit Even if the Current Bull Market Rally is Really a Bear Market Fake
[This is the seventh installment of a new series that will explore ways for investors to recover from the U.S. financial crisis. To reach an archive of previous stories in the series, please just click on the series logo.] By Mike Caggeso Associate Editor Money Morning U.S. stocks just capped off their strongest two-week performance [...]
Global Investment News Briefs
Oil Prices Hit Four-Month High; BOC Governor Says Economy Recovering; Best Buy Tops Estimates; Mortgage Rates Fall to Record Low; Soros: Commercial Property Prices To Drop 30%; New York Times Cuts Workers, Salaries Oil prices hit a new high for the year yesterday (Thursday), soaring $1.57, or 2.98% to settle at $54.34 a barrel on [...]
Berkshire Likely to Bounce Back After S&P Downgrade
By Don MillerAssociate EditorMoney Morning Berkshire Hathaway Inc. (BRK.A, BRK.B) could lose its "AAA" credit rating from Standard & Poor's Inc. after the ratings agency lowered its outlook on the company to "negative" from "stable." But it’s unlikely the change has anything to do with the fundamental health of the company. Pundits were quick to [...]
GDP Shrinks 6.3% in the Fourth Quarter, First Quarter Expected to be Just as Bleak
By Jason SimpkinsManaging EditorMoney Morning The U.S. economy contracted at a 6.3% annualized rate in the fourth quarter of 2008 – the sharpest decline in gross domestic product (GDP) in more than two decades, but still better than many analysts had expected. The Bureau of Economic Analysis said last month that fourth-quarter GDP contracted at [...]
Investing in Japan: Lots of Potential, Little Growth
By Martin HutchinsonContributing EditorMoney Morning Anyone who has ever visited Japan knows it to be a country where everything works beautifully – and with great efficiency. Right now, however, it's clear that something has gone horribly wrong there. Japan's exports for February were down a shocking 49.4% on a year-over-year basis. The Japanese economy suffered [...]
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