By Jason Simpkins Managing EditorMoney Morning Japan plans to introduce a new economic stimulus package that includes new spending of at least $100 billion, the country's finance minister said today (Monday). Japan's export-dependent economy continues to struggle as world demand plummets and domestic demand remains weak. The economy shrank by 3.2% in the fourth quarter […]
Archives for April 2009
April 2009 - Page 10 of 11 - Money Morning - Only the News You Can Profit From
First Quarter Earnings Will Make or Break Market Rally
By William Patalon III Executive Editor Money Morning/The Money Map Report A rally in the U.S. stock market has gained traction over the past month, but holding onto its recent gains could prove difficult this week as investors catch a glimpse of the first batch of first-quarter earnings reports. The Dow Jones Industrial Average wrapped […]
Biotech Churns Out Big Returns in Bull and Bear Markets
Editor’s Note: Marc Lichtenfeld is the Director of Research of Access Research Group and a Senior Analyst for the Xcelerated Profits Report. As investors begin to look more and more toward buying into the current rally, we asked Lichtenfeld to explain to us why biotech is one sector leading the pack. Here’s what he as […]
Buy, Sell or Hold: Brazil's Petrobras Will be Poised for Big Gains When the Economic Recovery Kicks Off in Earnest
By Horacio Marquez Contributing Editor Money Morning/Money Map Report On October 27 of last year, as the market was beaten down in a stampede of panic selling, I realized that it had gone too far in its pessimism with respect to the future of the global financial markets and I recommended the iShares MSCI Brazil […]
Economic Recovery Threatened by 8.5% Unemployment
By Don MillerAssociate EditorMoney Morning The U.S. unemployment rate jumped to 8.5% in March, the highest level since 1983, threatening to throttle consumer spending for months and delay any economic recovery. A Labor Department report on Friday showed the United States lost 663,000 jobs last month, matching the consensus forecasts of 79 economists surveyed by […]
Record Low Mortgage Rates Spurring Refinancing and Borrowing
By Mike Caggeso Associate Editor Money Morning After a litany of government measures to boost the U.S. housing market, mortgage applications have risen steadily in the past four weeks as 30-year fixed-mortgage rates hit new record lows. And that’s on top of existing home sales in February rising 5.1%. The perfect storm of ingredients fueling […]
Not Just a Price Floor, Treasury Programs May be a Stable Foundation for Economic Recovery
The U.S. Treasury’s much-maligned Term Asset-Backed Securities Loan Facility (TALF) and its new “prequel,” the Public-Private Investment Program (PPIP) have been viewed by the markets and skeptical prospective participants as merely a price discovery mechanism which, with a lot of luck, might create a floor under toxic security prices. Now, with markets showing signs of […]
World Turns its Back on the Dollar, as the U.S. Borrows and Spends its Way Into Bankruptcy
By Peter D. SchiffGuest ColumnistMoney Morning For a few fleeting, horrifying moments recently, the fault lines that underlie the global economic crisis erupted into plain view. With deft and quick effort, leaders in Washington, Europe and Asia papered over the fissures and fears largely subsided. But the shock of plain truths that resulted in violent […]
Global Investment News Briefs
February Factory Orders Turn Positive; Fixed Mortgages at Record Low; GM Seeks Gov’t Money For Hybrids; Chile: Copper Prices Heading North; IBM Lowers Bid for Sun; Oil Surges 9% on Dollar Weakness U.S. factory orders rose in February, reversing six months of consecutive declines, the Commerce Department said. New factory orders rose 1.8% in February […]
G20 Summit Leaders Pledge $1 Trillion to Spur Global Recovery
By Don MillerAssociate EditorMoney Morning The Group of 20 leaders yesterday (Thursday) agreed to collectively pledge more than $1 trillion in emergency aid amid a financial crisis that has plagued every corner of the world. G-20 said the International Monetary Fund would receive $500 billion to loan to troubling economies, and another $250 billion in […]