Results for 2009 May
Business Economists Predict Recession Will End in Third Quarter
By Mike Caggeso
Associate Editor
Money Morning
A detailed report from the National Association of Business Economics (NABE) says the U.S. economy will recover in the third quarter after a continued contraction in the second.
NABE said the near-term setback…
OPEC to Maintain Production Levels at Thursday Meeting
By Jason Simpkins
Managing Editor
Money Morning
The Organization of Petroleum Exporting Countries (OPEC) will likely maintain its crude oil production quotas at its meeting in Vienna, Austria tomorrow (Thursday).
Saudi Arabia’s oil minister, Ali Naimi, has indicated that while demand is beginning…
Russia Expands Role in U.S. Energy Sector with Uranium Deal
By Jason Simpkins
Managing Editor
Money Morning
Russia today (Tuesday) will begin selling enriched uranium directly to U.S. utilities, a development that will give the fuel supplier an expanded role in the U.S. energy sector for decades to come.
Techsnabexport, a state-owned nuclear energy…
China Seeks to Dethrone the Dollar, Transforming the Yuan into the Dominant Global Currency
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
China has taken yet another step to transform the yuan into the dominant global currency, a long-term initiative that could ultimately dethrone the dollar as the world’s top unit of exchange.
In the last…
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.
Consumer Confidence Leaps; Hong Kong Injects More Stimulus; Virgin Atlantic Sees Cloudy Skies; South Africa Enters Recession;…
Rio’s Deal With Nippon Steel Won’t Set Iron Ore Prices For Chinese Mills
By Don Miller
Associate Editor
Money Morning
The iron ore market, which has been roiled recently by rancorous pricing negotiations, found some common ground today (Tuesday), as Rio Tinto PLC (NYSE ADR: RTP) agreed to a 33% price cut in a contract agreement…
First Quarter Housing Prices Fall at Record Pace, Buyers Still on Sidelines
By Mike Caggeso
Associate Editor
Money Morning
Home prices continued their two-year decline in March, with prices down 18.7% for the month compared to last year, and a record 19.1% decline for the first quarter compared with the first quarter…
As GM Cruises Toward Government Deadline, U.S. Automakers Must Learn to Deal With a Permanently Smaller Market
By William Patalon III
Executive Editor
Money Morning/The Money Map Report
General Motors Corp. (NYSE: GM) is closing in quickly on its June 1 deadline to finish overhauling its operations, or opt for Chapter 11 bankruptcy. Because that deadline is actually one week…
Buy, Sell or Hold: General Mills Inc. (NYSE: GIS) is a Wholesome Company with Profit Coming Down the Pipeline
Is the Dark Cloud Over Solar Energy Beginning to Break?
By Jason Simpkins
Managing Editor
Money Morning
By sucking the air out of energy prices and sapping private investment, the financial crisis submarined solar energy last fall. But a silver lining has emerged around the dark cloud that has blanketed the sector for…
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