Archives for December 2007

December 2007 - Page 8 of 11 - Money Morning - Only the News You Can Profit From

Consumer Confidence at Lowest Level in Two Years

By Jennifer Yousfi Managing Editor Consumer confidence has reached its lowest level since the post-Katrina period, according to the Reuters/University of Michigan preliminary index of consumer sentiment for November. At 74.5, the index is at its lowest level since October 2005. This is bad news for Wall Street, which hopes that strong consumer spending will […]

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The Dumbest Money in the World

The story of how the credit crisis came to be – and how you can profit from it in 2008… [This is the second of two parts.  The first part ran yesterday.] Yesterday, I took you through the beginnings of the current credit crisis. An over-reliance on the rating agencies and a lack of quality […]

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Global Investing Roundup

Air France to Acquire Alitalia; Royal Bank of Scotland Expects Solid Third Quarter Despite Writedowns; China Netcom Wants a Largest Telefonica Stake for Christmas; Moody’s Gives Canadian Imperial Bank a ‘Negative’ Plunges After Announcing An Additional $222 Million in Write Downs. Air France-KLM (AKH) announced yesterday [Thursday] it would make an undisclosed offer for the […]

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Bush Announces Rate Freeze for Subprime Borrowers

By Mike Caggeso Associate Editor President Bush announced yesterday [Thursday] afternoon that an agreement made between the U.S. Treasury Department and lenders will secure interest rates for many subprime borrowers. The deal hones in on borrowers who will fall behind after their introductory "teaser" interest rates reset to higher levels – sometimes adding hundreds of […]

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General Motors Veers Towards Emerging Markets After U.S. Sales Stall

By Jason Simpkins Associate Editor General Motors Corp. (GM), the world's largest automaker, will invest as much as $5 billion in China over the next five years. Detroit- based GM has fallen on hard times in its home market recently, but business in emerging markets has shown promise.  With its status as an industry leader […]

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Fang-Temasek Partnership the Latest in a String of High-Profile Sovereign Wealth Deals

By Jennifer Yousfi Managing Editor In another example of the growing power of state-run investment funds, renowned Chinese dealmaker Fang Fenglei has joined forces with Singapore's government-controlled Temasek Holdings Pte. Ltd. to launch a new $2 billion China-focused private-equity fund, reported The Wall Street Journal.  Temasek currently manages a portfolio worth more than $100 billion, […]

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Three Ways to Profit Alongside Warren Buffett

By Martin Hutchinson Contributing Editor For all you global investors out there, riddle me this: What has investment guru and Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett recently bought 20 of that we should be looking to invest in ourselves? Corporate jets? No. While a famously frugal man, he's owned several hundred of them, […]

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Six Ways to Capitalize on the Continued Slide of the Greenback

By Keith Fitz-Gerald Investment Director, Money Morning When McDonald's Corp. ( MCD) recently reported that European sales were a juicy 17.5% so far this year, it was able to attribute the gain to the sliding greenback. Had exchange rates remained unchanged from a year ago, Euro-zone sales would have been up a mere 8.3% year-to-date […]

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The Dumbest Money in the World

The story of how the credit crisis came to be – and how you can profit from it in 2008… [This is the first of two parts.  The second part will run tomorrow.] In the past few weeks, the markets have run up strongly. Of course, this run has been mostly fueled by one thing:  […]

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