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. Government Planning to Sell Citi Stake; Judge Rebukes BofA/SEC Settlement; China FDI Climbs; China's BYD Soars 648% in Year; Best Buy Misses Outlook By a Penny; Sun Hung Kai Income […]
Archives for September 2009
September 2009 - Page 6 of 10 - Money Morning - Only the News You Can Profit From
The "Golden Staircase" Points to Record Prices for Gold
As gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last. I have to confess that – deep down – this makes me smile. The reason: I know that the real question to ask is "When will gold go on to set new highs?" […]
Bank Failures Could Surge as Commercial Real Estate Losses Continue to Mount
The dark cloud of commercial real estate loan defaults is inching closer, threatening to shutter more banks, even as the U.S. Federal Reserve declares the recession to be over. Commercial property values in the U.S. have plummeted 36% since peaking in 2007, and the commercial real estate market is unlikely to recover before 2012, according […]
Fed: Recession "Very Likely Over," but Threats Remain
U.S. Federal Reserve Chairman Ben S. Bernanke said yesterday (Tuesday) that the worst recession since the Great Depression is "very likely over." However, Bernanke also said that unemployment would remain high and keep the recovery from accelerating. "Even though, from a technical perspective, the recession is very likely over at this point," Bernanke said, "it's […]
Hot Stocks: Motorola Throws Hat Into Smartphone Ring
Motorola Inc. (NYSE: MOT) last Thursday charmed investors when it revealed its Cliq smartphone, which will compete head on with Apple Inc.'s (Nasdaq: AAPL) iPhone and Research in Motion Ltd.'s Blackberry. Motorola's stock is up nearly 12% since the announcement, as investors are hoping the new phone will be enough to win back some of […]
Here's Why the U.S.-China Tire Tiff Could Lead to Great Depression II
When U.S. President Barack Obama late Friday (Sept. 11) signed an order that imposed an additional duty of 35% on tires imported from China, it set up the potential for an old-fashioned trade war. Currently, global trade is down only 20%. During normal times, worldwide commerce would recover on its own. But as most investors […]
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. Sprint-Deutsche Telekom Merger Talk Surfaces; EU Projects 3Q and 4Q Growth; Source: J&J and Elan Restructuring Deal; Chevron Cashing in on Asia Gas Demand; Citi Downgrades Potash and Mosaic; Eli […]
U.S. Trade Spat with China Escalates, But is Unlikely to Cause a Significant Rift
Shortly after U.S. President Barack Obama announced hefty import duties on Chinese-made tires, China's Ministry of Commerce over the weekend said it would explore possible sanctions against U.S. automobile and chicken imports. The dispute has caused some concern over an escalation in protectionist measures between the two nations, but few analysts believe the dispute will […]
U.S. Stocks: Winning Streak is Over, But Bull Market Continues
The winning streak is over. But the outlook for stocks remains upbeat. U.S. stocks on Friday suffered their first setback after six straight days of gains, but the damage wasn't severe. No news appeared to precipitate the decline, so chalk it up to light profit-taking. In the Friday session, the Dow Jones Industrial Average lost […]
Solar Energy's Future Shines Brightest in China
With the announcement that it intends to build the world’s largest solar power plant, China is rapidly evolving into the world’s largest market for solar energy. And with heavy government backing, Chinese solar companies are quickly becoming global leaders. Fast-growing industry and a reliance on coal-fired power plants turned China into the world’s largest emitter […]