By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report For many investors, the last 12 months have felt like a cross between Dante's "Ninth Circle of Hell" and Mr. Toad's Wild Ride. Even so, after Tuesday's market action – which saw the Standard & Poor's 500 Index rebound from a 12-year low to gain […]
Archives for March 2009
March 2009 - Page 8 of 12 - Money Morning - Only the News You Can Profit From
Two Ways to Protect Yourself When the Inflation Alarms Return
By Mike Caggeso Associate Editor Money Morning Like a vanquished enemy, inflation has been out of sight and out of mind. But old enemies can resurrect themselves. And that's just what's going to happen with inflation, two fixed-income experts say. In a report posted on the Web site of Pacific Investment Management Co. (PIMCO) – […]
Global Investment News Briefs
Ford, UAW Cut Deal; UBS Posts $18 Billion 2008 Loss; JPMorgan CEO Sees 'Modest Signs' of Recovery; China Investment up 26.5% in Jan. & Feb.; Hedge Fund Redemptions Slow; Stanford Takes the Fifth; Fancy Hotel Gigs Over for AIG; LIBOR Increases Ford Motor Co. (F) said an agreement with the United Auto Workers Union will […]
Amid the Financial Crisis, Congress Passes $410 Billion Spending Bill That’s Packed With Pork
By Don Miller Associate Editor Money Morning The U.S. Congress today (Tuesday) gave its final approval on a $410 billion omnibus spending bill that will boost domestic spending for a bevy of federal agencies, and loosen trade and travel restrictions on Cuba. The bill is also laden with a thick layer of fat from a […]
Mixed Data Shows China’s Stimulus Working, but More May be Needed
By Jason Simpkins Managing EditorMoney Morning Fixed asset investment in China soared in the first two months of the year, as Beijing's $585 billion stimulus plan took hold. But more stimulus may be needed, as China's all-important export sector continues to sag and declines in consumer prices have raised concerns about deflation. Fixed-asset investment in […]
Goldilocks, Gloom or Doom? Three Views of a U.S. Recovery
By William Patalon III Executive Editor Money Morning/The Money Map Report When it comes to the U.S. financial crisis, it's tough to know just what to think or who to believe these days. If you want an example, just look at yesterday (Tuesday). Citigroup Inc. (C) Chief Executive Officer Vikram S. Pandit revealed that the […]
Hot Stocks: Coke's $2 Billion China Play Will Add Fizz to its Profits
By Jason Simpkins Managing Editor Money Morning The Coca-Cola Co. (KO) said Friday that it would invest $2 billion in China over the next three years. That’s 25% more than the $1.6 billion Coke has invested in China during the past 30 years. As Coke’s third largest market – trailing only the United States and […]
Global Investment News Briefs
IMF Predicts Global "Great Recession"; United Tech. Cuts 11,600 Jobs; Brazil Economy Grows 1.3% in 4Q; Malaysia Adds $16 Billion to Stimulus; GM to Sell Half of Opel; Big Corporate Bankruptcies Surge in 2009; Hedge Funds to Slash 20,000 Jobs; SEC Will Bring Back Uptick Rule Dominique Strauss-Kahn, Managing Director of the International Monetary Fund […]
Citi Reports Profit, But Some Analysts Advise Further Caution on Big Banks
By Don Miller Associate Editor Money Morning In a letter sent to employees Monday, Citigroup Inc. (C) Chief Executive Officer Vikram Pandit said the bank has been operating at a profit through the first two months of the year for the first time since the third quarter of 2007 – the last time it recorded […]
Inflation Recedes in China, Interest Rates Could be Next
By Mike Caggeso Associate EditorMoney Morning Consumer prices in China fell 1.6% in February – the first drop since 2002 and a statistic that may prompt the government to cut interest rates. Declining values of raw materials, such as iron ore and crude oil, were largely responsible for the decline in China's consumer price index […]