By Jason Simpkins Violence in Nigeria and concerns that U.S. refiners are struggling to produce enough gasoline helped crude oil prices rise again last week, moving the price of this key commodity closer to its all-time high of $78.65. And now some analysts are predicting that $80 a barrel crude oil is well within reach. […]
Archives for July 2007
July 2007 - Page 5 of 6 - Money Morning - Only the News You Can Profit From
(Jimmy) Rogers and Me: The Latest Wisdom From a Global Investing Guru
If you have even a passing interest in the art of investing, you've no doubt heard of investing guru Jim Rogers.
Canadian Housing Market Gathers Momentum As U.S. Market Slumps
While the U.S. housing market continues to slump, the outlook is much better for America's neighbors to the north, where the Canadian housing market continues to pick up momentum.
UK Central Bank Raises Rates; ECB Stands Pat
The Bank of England boosted its benchmark interest rate by a quarter point to 5.75% on Thursday – the fifth increase in under a year
Sarkozy Engineers Investment Opportunity - For Airbus and For U.S. Investors.
In a deal that new France President Nicholas Sarkozy helped engineer, a private-equity firm controlled by the Dubai government has invested $850 million to purchase a 3.1% strategic stake in the troubled parent of European airliner-maker Airbus SAS.
U.S. Service Sector Has Better June Than Expected
While other areas of the economy continue to falter, the U.S. service sector enjoyed an unexpected boost in June.
Housing Slump Causes Spike in Consumer Debt Delinquencies
by Jason Simpkins Delinquencies on home-equity loans reached their highest level in 18 months in the first quarter of this year, the latest confirmation that the nation’s once-thriving housing market has pummeled consumers. The American Bankers Association, in its quarterly report on consumer debt, said that credit-card delinquencies decreased during the first three months of […]
The One Time it's Good to Be Crude
Gasoline prices have fallen sharply in recent weeks and are now about 23 cents a gallon below an all-time record high set in May. But crude oil prices steamed their way to a 10-month high on Monday.
Dollar Hits 26-Year Low Against British Pound
The U.S. dollar skidded to a 26-year low against the British pound sterling
The Market that will Emerge After the Emerging Markets
The New Emerging Market; It's either the "New China" or "New India" – depending who you ask