Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

Is Your Vehicle on the "Most Hackable" List?

My first car was a bone-stock 1929 Ford Model A coupe that has been in the family since it was new.

My late grandfather – a machinist on the Lehigh Valley Railroad – drove the car as his everyday vehicle until the late 1940s. My Dad restored the car in his mid-teens and drove it through his high-school years.

And I did the same…

  • Currencies

  • Analysts Anticipate an International Intervention to Rescue Falling Dollar By Jason Simpkins Associate Editor Central banks around the globe could launch an initiative to buoy the dollar, as the greenback’s continued slide seems to warrant foreign intervention. “We’re on intervention watch,” Stephen Jen, head of foreign exchange research at Morgan Stanley (MS), said in an interview with Bloomberg News. “While I don’t think we […] Read More...
  • The Five Top Plays to Profit from the Gold Boom By Martin Hutchinson Director of Global Investing Research [Editors Note: The Second of Two Parts. To Read Part I of this story, please click here]. If you were a gold investor back in the good old days of 1895, life was pretty easy. You'd spend the day in a huge leather armchair at your London […] Read More...
  • With Oil, Uranium and Gold, There’s Nothing Crazy About This Canadian Loonie Tune By Martin Hutchinson Director of Global Investing Research The Canadian dollar – also known as “The Loonie” – moved above $1 last week, an extraordinary turnabout for a currency that was languishing down around $0.62 in January 2002. Americans are used to acting somewhat condescending toward their northern neighbor, but in this period of high […] Read More...
  • Canadian Dollar Reaches Par Against the Greenback From Staff Reports The Canadian dollar rose to parity against the U.S. dollar for the first time since 1976 yesterday (Thursday), supported by surging oil prices and broad weakness in the greenback, the Financial Times reported. RBC Capital Markets analyst Adam Cole expects the Canadian dollar to continue its upward trajectory. The reason: “Canada produces […] Read More...
  • Investments For A Weak Dollar World By Martin Hutchinson Director of Global Investing Research The European euro hit a record value of $1.39 this past week, and the Japanese yen strengthened again to 114 to the dollar, well above the 120 it’s traded at most of the year. The British pound Sterling is at $2.03, back to levels it hadn’t seen […] Read More...
  • Euro Debt Market Faces 'Pivotal' Test With $140 Billion Maturing From Staff Reports Companies in Europe face a situation in which they need to refinance nearly $140 billion worth of commercial by the end of next week, according to Deutsche Bank AG, Germany's biggest bank. This will increase corporate borrowing costs. According to Bloomberg News, Deutsche Bank Credit Strategist Jim Reid wrote in a research […] Read More...
  • Asian Markets: Pounded in Friday, Soar Today From Staff Reports Asian shares were pounded Friday in the wake of continued turmoil in the global credit markets. But then they soared today (Monday) in a powerful rebound, fueled by the U.S. central bank's interest-rate action on Friday. In Japan, shares suffered their worst single-day decline in seven years – with heavy selling in […] Read More...
  • China Insists it Won't Dump its Dollars From Staff Reports China's ambassador to the United States has taken steps to assure Congressional leaders that China has no plans to dump its U.S. dollar reserves as a way of retaliating against the United States for its attempts to strong-arm China into revaluing the Chinese Yuan currency, according to published reports. “I'd like to […] Read More...
  • China scraps currency rules for companies China on Monday scrapped a regulation that forced companies to convert a portion of their foreign currency holdings into the Chinese Yuan Read More...
  • Investing With Caution During a Global Financial Crisis By Martin Hutchinson Chief Global Investing Strategist In the last week, a bank in Germany and another in France got themselves into deep trouble by speculating on the U.S. sub-prime mortgage market. And yesterday (Thursday), the European Central Bank was forced to inject no less than $130 billion into the world monetary system. Stock prices […] Read More...
  • U.S. Stocks Plunge, Feeding Into a Worldwide Sell-off U.S. stocks plunged yesterday, fueling a sharp global decline, as a housing-market meltdown and fears of a swirling global credit crunch sent investors scurrying for the exits. Read More...