The dollar yesterday (Thursday) rallied from 14-month low against the euro, but that rally will be short-lived as U.S. monetary policy is likely to remain loose, even as other central banks raise interest rates. A recovery of investor risk appetite has slammed the dollar in recent months, driving the currency to a rate of $1.5017 […]
Archives for October 2009
October 2009 - Page 4 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. House Committee Passes Consumer Protection Bill; Treasury: Numerous Fraudulent Claims for Housing Credit; McDonald’s Lovin’ It in Europe; AT&T Profit Dips Slightly; P&G May Buy Sara Lee Division; Nokia Sues […]
It's the World's Hottest Market - And it Isn't China
Which global economy grew at an annual rate of 11% in the second quarter, and will report a second-consecutive double-digit advance when it reports on Monday? Hint: It isn’t China. But you are looking in the correct part of the world. The economy in question is South Korea, which has enjoyed an astonishing rebound since […]
Microsoft Releases Windows 7, Opens First Retail Store
As Microsoft Corp. (Nasdaq: MSFT) released its much-talked about Windows 7 operating system, the software giant quietly opened its first retail store in Scottsdale, Arizona. It's no coincidence that the store's opening coincided with the launch of Windows 7, but the true goal of the Microsoft Store is to put the Microsoft brand back into […]
Banks Threatened as Washington Takes on Overdraft Fees
Charges related to overdrawn accounts this year may add up to $38.5 billion in revenue for banks following last year's $36.7 billion, according to data from research firm Moebs Services Inc. That's up from $28 billion collected in 2007, according to consulting firm Oliver Wyman Group. But sneaky and manipulative ways in which banks collect […]
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. Wells Fargo Cut Sends Markets Down; Fed Beige Book Shows Tepid Progress; Obama Administration To Cut Executive Pay at Top TARP Companies by 50%; Boeing Shares Fall After Loss; E-Reader […]
A Money Morning Interview: The Future of Energy
Renowned Oil Expert Dr. Kent Moors Details Shortages of Oil, the Impact of Higher Prices, the Promise of New Technologies and the Opportunities For Investors Dr. Kent Moors is one of the world's foremost experts on oil, energy policy, finance, risk management and new technologies. Moors advises the leaders of six oil-producing countries, including the […]
Land of Rising Debt: Falling Tax Revenue Forces Japan to Sell More Bonds
Japan's government will have to sell more bonds – and grow the country's record debt – in the face of declining tax receipts. The central government's tax revenue may fall below $442 billion (40 trillion yen) considerably less than the $439 billion (46 trillion yen) forecast a year ago, Japanese Finance Minister Hirohisa Fujii told […]
Galleon Insider Trading Scandal Rocks Investors & Technology Giants
An insider trading scandal at Galleon Group is forcing the hedge fund to unwind its $3.7 billion portfolio, as investors scramble to redeem their holdings. In a letter obtained by Dow Jones Newswires, Galleon founder Raj Rajaratnam told employees and investors that he is innocent but "that it is now in the best interest of […]
China Looks to 2010 After Another Strong GDP Report
China today (Thursday) may report 9% growth in third-quarter gross domestic product (GDP), as the government's $585 billion stimulus plan and a massive surge in lending kept business humming. But now that stimulus measures have ensured strong growth for the year, Beijing must look forward to 2010 when it will have to keep inflation at […]