[Editor's Note: Part II of two installments. Part I ran yesterday (Tuesday).] As countries around the world with unwanted strong currencies move to cheapen them by printing more money, slashing interest rates, or just "talking" them down, investors are left with a key question: Just what are those strong currencies declining against? If your answer […]
Archives for June 2009
June 2009 - Page 3 of 11 - Money Morning - Only the News You Can Profit From
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. Existing Home Sales Rise, But Miss Estimates; Boeing Shares Plummet; Automakers Get $8 Billion for Fuel Efficiency; Sprint CFO Not Concerned About Pre Shortages; Kroger Beats the Street; MySpace Lays […]
ECB Falls Back on to Refinancing Operation to Boost Lagging Eurozone Recovery
By Jason SimpkinsManaging EditorMoney Morning The European Central Bank (ECB) today (Tuesday) opened bidding for its first 12-month refinancing operation, hoping to boost liquidity in the eurozone where an economic recovery is struggling to stay on track. The ECB announced last month it would double the maximum length of time it lends money to a […]
Investment News Briefs
With our investment news briefs, Money Morningprovides investors with a quick overview of the most important investing news stories from all around the world. Oil Takes a Spill; SEC Expands Madoff Investigation; Sony Could Lose Largest Game Publisher; Nasdaq Outpaces Other Indices; Walgreens Misses Street Estimates; U.S. Car Brands Close Gap with Toyota Quality; In […]
The Four Secrets to Career Success in a Jobless Recovery
[Editor's Note: The first in an occasional series that looks at unique strategies for navigating the jobless recovery.] For the millions of Americans right now looking for a job, the latest batch of employment statistics paint a rather grim picture. After all, just consider that: The U.S. unemployment rate just spiked to 9.4% for May, […]
Global Currency Wars Reveal the World's Best Money Plays
[Editor's Note: Part I of two installments. Look for Part II tomorrow.] When rumors of the Swiss central bank again intervening to drive down the value of the Swiss franc hit the world's currency trading desks late last week, it underscored just how hard global governments are fighting against the strong currencies that can derail […]
World Bank's Pessimistic Prognosis Tempers Market Enthusiasm
By Jason Simpkins Managing Editor Money Morning The World Bank yesterday (Monday) lowered its growth forecast for the global economy and warned about a long and painful recovery in developed economies, underscoring the recent supposition by many analysts that a three-month rally in U.S. stocks has been overdone. In its annual Global Development Finance (GDF) […]
Strong Sales of New iPhone Offset News of Apple CEO Steve Jobs' Liver Transplant
By Bob Blandeburgo Associate Editor Money Morning Shares of Apple Inc. (Nasdaq: AAPL) opened yesterday (Monday) in a tug-of-war after a revelation that the health issues of Chief Executive Officer Steve Jobs are more serious than previously thought and its new iPhone 3GS sold more than one million units in its first three days. Jobs, […]
Market Stumble Heightens Worries That Economic Rebound May Not Be That Strong
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report U.S. stocks suffered their first weekly loss since May last week, further exacerbating trader concern that the bullish surge that sent share prices up as much as 40% from their March lows may have been overdone. Traders have grown increasingly fearful in recent weeks that the […]
Research in Motion Still Leading the Smartphone Pack
By Bob BlandeburgoAssociate EditorMoney Morning There's a lot of figures in the news being tossed around about the smartphone market, and while it may be difficult to make sense of it all, one thing is clear: The market is growing at a rapid pace, and will soon take over conventional mobile phones as the device […]