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. Cash for Clunkers Out of Gas; AIG Shares Surge; Leading Indicators Point to Recovery; Mortgage Delinquencies Break Another Record; Sears Reports Surprise Loss; Gap Profit Dips Slightly The government’s popular […]
Archives for August 2009
August 2009 - Page 4 of 9 - 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. Oil Surge Propels U.S. Markets; "New" GM Cans Buick Plug-In SUV; Citi's $301 Billion in Asset Guarantees to Be Audited; Credit Card Overhaul Starts Today; "Cash for Clunkers" Frustrating Unpaid […]
Is It a Bear Market or Just a Breather For China's Smoldering Shanghai Index?
China's Shanghai Composite Index (SSE) has been the world's best performing major market index this year, but it has tumbled nearly 20% since hitting its Aug. 4 peak. Many analysts are concerned that the decline is evidence that China's rapid recovery is unsustainable, but the more plausible explanation is that investors are simply taking profits […]
Despite Near-Term Nervousness, Investors Can't Afford to Ignore China
Money Morning Staff Reports With China's Shanghai Composite Index (SSE) now down about 20% from its Aug. 4 peak – a decline punctuated by a 4.3% drop yesterday (Wednesday) – the Red Dragon's stock market is technically now in bear-market territory. That has the China bashers out in full force and has traders worldwide debating […]
Is the U.S. Market Again Ripe for IPOs?
Goldman Sachs Group Inc.'s (NYSE: GS) initial public offerings (IPO) guru Tom Tuft has joined Bruce Wasserstein's Lazard Ltd. (NYSE: LAZ) as chairman of Global Capital Markets Advisory and vice-chairman of its U.S. investment banking, in what could be a sign that the market for IPOs is thawing. Tuft, a 33-year Goldman vet who co-founded […]
Why Asia Will Supplant Detroit as the Global Center of the Auto Industry
Asia is poised to become the "new" Detroit. Here in the United States, at a cost of a mere $3 billion, the "Cash-for-Clunkers" program appears to have given new hope to the U.S. auto industry. But that new hope is destined to be short-lived. It's true that – in terms of value delivered for the […]
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. Retailers Beat Street Estimates; GM Ups Its Production, Recalls 1,350 Workers; HP Beats Street But Faces Falling Sales; PPI Decline; Merger Creates Largest U.S. Homebuilder; Oil Rises More Than $2 […]
Berkshire's Back, So What's Warren Buffett Buying Now?
As shares of Berhshire Hathaway Inc. (NYSE: BRK.A, BRK.B) plunged over the past year, it became fashionable to ask whether or not Warren Buffett had lost his touch. (See: ETF Guide: Down $16 Billion – Has Warren Buffett Lost His Touch?; MSN Money: The problem with Warren Buffett; Forbes: Has Buffett Lost His Touch; Reuters: […]
Will Brazil Spur Foreign Oil Companies in Favor of Government Expansion?
Western oil companies may soon find themselves cut off from the development and production of oil from Brazil's sizeable underwater reserves, as the South American nation attempts to funnel more of its potential energy revenue into government coffers. But by spurring Big Oil's power players, Brazil could be putting its output at risk. The Brazilian […]
Three Reasons China is Positioned to be the Oil Sector’s Next Big Profit Play
If you're looking for the next "Big Oil" play, bet on Beijing. As we've been reporting for the past several years, China has been on a global commodities shopping spree, which includes locking up every source of oil that it can. The Red Dragon has cut deals in Africa, South America Russia and the Middle […]