Results for 2009 August
Consumer Woes to Continue as Confidence Slumps and Incomes Stagnate
With unemployment hovering at 9.4% consumers continued to show reluctance in July as incomes stagnated. Furthermore, with the jobless rate expected to exceed 10% later this year, consumer confidence fell in August, keeping hopes of a sustained economic recovery at…
Buy, Sell or Hold: Why NRG Energy Inc. (NYSE: NRG) is the Energy Sector's "Triple-Threat" Profit Play
If NRG Energy Inc. (NYSE: NRG) were an athletic prospect, scouts would rate it as a “triple threat.” That’s because the Princeton-based wholesale power generator is involved in all three of the key energy sources of the future: Solar, wind and…
Soaring Prices for AIG, Fannie and Other Financial Stocks Sending Mixed Messages to Investors
Three of the financial institutions that were key catalysts to the global financial crisis – and that owe the federal government billions of dollars as a direct result of those problems – have seen their shares triple in price so far…
Hot Stocks: Up 100%, Apple's Shares May Still Have Room to Run
Shares of Apple Inc. (Nasdaq: AAPL) have gained 100% since the start of the year, and with the likely release of an innovative “tablet” computer and the pending debut of its wildly popular iPhone in China both in the offing,…
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.
Dow Posts 8th Straight Gain; Dell Still Hemorrhaging, But Beats Street; Q2 GDP Revision Unchanged; Weekly Initial…
China Landing Natural Gas Deals as Prices Plummet
With large purchases of iron ore, copper and oil, China has been taking full advantage of depressed commodities prices and excess production capacity. Now, the Red Dragon is making its presence felt in the natural gas market – landing two…
FDIC Fund Shrinks as Small Banks Fail at Rapid Pace
A mounting number of small bank failures is putting the squeeze on the Federal Deposit Insurance Corp.’s (FDIC) fund, but a new rule that eases capital requirements for those buying bad debt could open the door for private investors.
The balance…
Boeing Will Test Dreamliner in 2009 but Delays Delivery… Again
Boeing Company (NYSE: BA) yesterday (Thursday) announced it would test-fly its 787 Dreamliner later this year but disappointed customers by delaying delivery of the plane until the fourth quarter of 2010.
Wall Street cheered the announcement as Boeing’s stock soared more…
Desperate for Capital, the FDIC Backs Away From Tougher Rules Governing Private Equity Purchases of Failed U.S. Banks
A new Federal Deposit Insurance Corp. (FDIC) plan to offload busted banks to vulture investors strikes an uneven balance between private equity players and public taxpayers and may inadvertently sow the seeds for another round of bank failures.
The FDIC currently insures bank…
China Curbs Bank Lending but Vows to Keep Liquidity High
Beijing continued a delicate balancing act yesterday (Wednesday), vowing to keep stoking its economy with funding from its $787 billion stimulus program even as it implements new controls on bank lending.
After spending three days visiting the restive eastern province of…
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