By Bob Blandeburgo Associate Editor Money Morning After taking three steps forward, the Conference Board's Consumer Confidence Index took one step back in June, sending the three major stock indices downward yesterday (Tuesday). Following three consecutive increases to a high of 54.8 in May, the Index regressed to a 49.3 in June, signaling that consumers […]
Archives for June 2009
June 2009 - Money Morning - Only the News You Can Profit From
Iraq's Oil Bounty Ripe for Chinese Investment
By Jason SimpkinsManaging EditorMoney Morning British oil giant BP PLC (NYSE ADR: BP) and China National Petroleum Corp. (CNPC) today (Tuesday) won the first contract in more than 30 years to develop a major Iraqi oil field – an indication that Chinese companies plan to play an integral role in the development of Iraq's energy […]
How Japan's Unlikely Shareholder Rebellion Could Lead to Profit Plays for Western Investors
Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report KYOTO, Japan – Mention Japan and many people think of Geisha, castles and samurai. Mention investing in Japan and the image of an impenetrable wall comes to mind. I've been extremely fortunate to have seen all of this firsthand – and not just once, but on […]
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. Madoff Gets 150 Years; Pipeline Operators to Combine; Jobs Returns to Work at Apple; GM, Toyota Cut Ties on Auto Plant; U.S. Moves Closer to Solar Energy; Oil Rises to […]
With National Health Plan and Carbon-Emissions Regs, Administration Aims Two More Punches at the U.S. Economic Recovery
By Peter D. Schiff Guest Columnist Money Morning Misguided government policies have already dealt vicious body blows to our economy, but that hasn't stopped politicians last week from launching two new kicks to the recovery – a national health insurance plan and a carbon emissions regulation system called "cap-and-trade." Even if these plans could achieve […]
Sears Gets Aggressive With Debt Forgiveness
By Bob BlandeburgoAssociate EditorMoney Morning While economists generally agree the recession has bottomed out, rising energy prices and a high national unemployment rate is prompting the No. 1 appliance retailer in the United States to give concerned consumers a safety net should they lose their jobs. Starting July 6, Sears Holdings Corp. (Nasdaq: SHLD) will […]
China Continues to Push for Global Currency Overhaul
By Jason Simpkins Managing EditorMoney Morning The People's Bank of China (BOC) reiterated its call for a new global currency to replace the dollar Friday, highlighting Beijing's growing discomfort with the dollar, as well as its determination to win a greater role for its currency, the yuan. "To avoid the inherent deficiencies of using sovereign […]
Buy, Sell or Hold: The TS&W/Claymore Tax-Advantaged Balanced Fund is a Diversified Profit Play with a High Yield
Last week was a very important one. The U.S. Treasury placed a record level of debt, the Federal Reserve announced it would not expand its monetary easing, and we got many top players opining about the economy. In addition, we are facing the uncertainties about ‘Cap and Trade’ legislation and the healthcare reform. And to […]
Where to Find Jobs in a Jobless Recovery
[Editor's Note: The latest installment of an occasional series that looks at finance and career strategies for navigating the jobless recovery.] By Jason Simpkins Managing Editor Money Morning There’s no question that the U.S. job market is tough across the board right now. But not all pain is created equal: There are regions of the […]
Will Week of Controversy Undermine Financial System Overhaul That Calls for Broad Expansion of Central Bank's Power?
By William Patalon III Executive Editor Money Morning/The Money Map Report Documents brought to light by key by congressional investigators hightlight real disagreement between top-level U.S. Federal Reserve officials about how it should address the Bank of America Corp.(NYSE: BAC) acquisition of Merrill Lynch & Co. Inc. are almost certain to fuel the ongoing congressional […]