The credit crisis may get worse before it gets better in the coming months, as more than 2 million adjustable rate mortgages (ARMs) are ready to "re-set" – industry parlance for boosting their rates.
Archives for August 2007
August 2007 - Page 8 of 11 - Money Morning - Only the News You Can Profit From
Japan's Surprisingly Strong Economy Makes it a Great Global Play
Global investors should take heed: Japan's economy continues to be much stronger than it looks.
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
Home Depot is Latest Victim of U.S. Housing Slump
The troubles of Home Depot Inc. (NYSE: HD) continued to mount yesterday (Tuesday), when the home-improvement retailer announced that its fiscal second-quarter net income dropped 15%.
VMWare Tech Shares Soar 76% in IPO Trading Debut
Shares of VMWare Inc. (NYSE: VMW) soared 76% in their first day of trading yesterday
Foreign Markets Thrive; U.S. Closes With A Thud
By Jason Simpkins Central banks continued funneling cash into the world’s wounded financial systems Monday, the latest in a series of liquidity infusions that began last week. The European Central Bank offered another $65 billion in emergency funds, while the Bank of Japan injected $5.1 billion. The Federal Reserve again came in on the low end […]
ABN AMRO Deal Points to Next Ways to Profit From China
As a global trader interested in aligning my money with the most powerful trends of the day, I’m constantly watching the headlines in search of the latest moneymaking opportunity. I am particularly interested in stories that emblazon the front pages of newspapers everywhere else around the world, but that barely even rate a mention here […]
Global Crisis Investing and a Grandmother's Advice
By Keith Fitz-Gerald Contributing Editor Whenever I’m faced with a market like this one – rocky and volatile, with hidden wildcards just waiting to trip us up – I can’t help but think about my late grandmother, successful amateur investor Virginia Gruner, and the warning she would issue in just these situations: “Hold onto your […]
U.S. Tech Firm Boosts its IPO Offering, Despite Volatile Stock Markets
From Staff Reports At a time when the U.S. stock market is at its volatile worst, the initial public offering of a high-tech company is looking better all the time. The VMware computer-virtualization unit of data-storage giant EMC Corp. (NYSE: EMC) has just boosted the size of its initial public offering to as much as $1.1 […]
Central Banks Dole Out $135 Billion to Soothe Investor Confidence
By Jason Simpkins Central banks in the United States, Europe, Australia, Japan, and Canada were in damage-control model again on Friday. A total cash infusion of approximately $135.7 billion was added banking systems worldwide in the hope of pacifying a global credit crisis that appears to be getting far worse than many experts had expected. The […]