Apple Inc. (Nasdaq: AAPL) Chief Executive Officer Steve Jobs yesterday (Wednesday) made his long-awaited return to the public eye to introduce a new lineup of lower-priced iPods, which is becoming an annual event. Jobs, who underwent liver transplant surgery last spring, still looked thin. "I now have the liver of a mid-20s person who died […]
Archives for September 2009
September 2009 - Page 8 of 10 - Money Morning - Only the News You Can Profit From
China Continues its Quest for Resources with $30 Billion CNPC Loan
China National Petroleum Corp. (CNPC) has secured a $30 billion loan from China Development Bank to fund overseas acquisitions. The five-year loan will be provided at a discount rate by the state-owned bank and help to fulfill a Beijing-authored mandate for Chinese companies to make strategic long-term acquisitions abroad. China's demand for oil has doubled […]
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. Crude Soars 5%; Ford and CAW Begin Talks; China Offering 6 Billion Yuan Sale; IBM Reiterates 2009 Earnings; Australia's Business Confidence Elevates Asian Stocks; France Telecom and Deutsch Telekom Planning […]
The Two Reasons it's Time to Short U.S. Stocks
The stock market is up 51% from its March 9 lows. The leading economic indicators have turned sharply positive, showing gains for each of the last four months. Manufacturing is on the rebound. And banks are promising to pay record bonuses, as their earnings have rebounded. With this recent rush of upbeat economic news, it's […]
Gold Aims to Retest Record Highs After Breaking Through the $1,000 Mark
Is gold ready to break out? Gold broke through the psychologically important $1,000-an-ounce level for the first time in 18 months yesterday (Tuesday) as the U.S. dollar slumped against key foreign currencies, exacerbating investor fears that loose fiscal and monetary policies will spur inflation as the U.S. economy recovers. The thinly traded September futures contract […]
Job Losses Slow but the U.S. Economy is Following the Script for a Jobless Recovery
The pace of U.S. job losses slowed in August, but the country will likely be saddled with a high unemployment rate throughout all of 2010, analysts say. In short, even though the economy has improved, the odds of a "jobless recovery" continue to grow. Employers shed 216,000 jobs in August, an improvement over the 276,000 […]
Despite What the Bears are Saying, We're in the Market Sweet Spot
Why is it important to have government and central banks on your side? Let's take a look. The most important ingredients for rising stocks prices are not corporate earnings and global economic growth. Instead, the key elements are interest rates, inflation and sentiment along with help from government fiscal and tax policy. Right now, we […]
Buy, Sell or Hold: Intel Corp. (Nasdaq: INTC) Is Poised to Top Estimates Over the Next Two Quarters
Intel Corp. (Nasdaq: INTC) is a cyclical company. That is, its stock does extremely well when the economy is ready to accelerate, and does poorly when the economy decelerates. So it's no wonder that last year the stock fell more than 50% from the record-high of $27.78 a share it reached December 2007. However, the […]
Toyota Faces Possible Import Ban Over Paice’s Patent Suit
The bankruptcies of Chrysler Group LLC and General Motors Corp. provided Toyota Motor Corp. (NYSE ADR: TM) with an unparalleled opportunity to increase U.S. market share. But now patent-infringement claims could result in a U.S. import ban on some of the company's most popular hybrid cars. McLean, Virginia-based Paice LLC has filed a complaint with […]
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. ECB Holds Rates at 1%; Shanghai Soars; Oracle-Sun Deal Faces European Probe; Dainippon Agrees to Buy Sepracor; South Korea 2Q GDP Moves 2.6%; OECD Says Global Recession May Be Over; […]