"Election 2008" is an ongoing Money Morning series that looks for profit plays emanating from the presidential election campaigns. By Martin Hutchinson Contributing Editor Hillary Rodham Clinton's unexpected primary victories in Ohio and Texas this week bring the prospect of a further lengthy struggle for the Democrat nomination. Normally, investors shouldn't care – especially Republicans. […]
Archives for March 2008
March 2008 - Page 13 of 16 - Money Morning - Only the News You Can Profit From
Global Investing Roundups
Intel Looking For A Flash Fix; Inflation Spoils Russia's Bond Sale; Wal-Mart Beats February Estimates; Foreclosures Hit Record High in Fourth Quarter; Drug Contaminant Linked to Chinese Production; Citigroup Did Not Court Dubai Fund; Oil Flirts with $106; More Power for South Africa Mines Facing a lowered outlook, Intel Corp.'s (INTC) Chief Executive Office Paul […]
Highest Delinquency Rate Since MBA Survey Inception
By Jennifer Yousfi Managing Editor The Mortgage Bankers Association announced yesterday (Thursday) that home mortgage delinquencies reached the highest level since the survey began in 1985. For the fourth quarter of 2007, 5.82% of outstanding home loans were in delinquency on a seasonally adjusted basis. This figure represents a 23 basis-point increase from the third […]
Gazprom and Ukraine Resolve Dispute
By Jason Simpkins Associate Editor Europe breathed a sigh of relief Wednesday, as OAO Gazprom and Ukraine settled an ongoing dispute over the fate of the continent's natural gas supplies. Ukraine will pay the $600 million debt demanded by Gazprom, and the Russian oil monopoly will restore deliveries of gas to the country in full. […]
Midday Market Update: Financials Lead the Decline
By Jennifer Yousfi Managing Editor Banking shares slumped, taking the rest of the market with them, after another analyst reduced first-quarter profit expectations for financial firms. At noon ET today (Thursday), the three major U.S. stock indices had all posted losses. The blue-chip Dow Jones Industrial Average Index had a decline of 111.69 points (-0.91%), to […]
China Could Introduce 'Nasdaq-like' Exchange This Year
By Mike Caggeso Associate Editor Addressing the China legislature, Premier Wen Jiabao said the government would establish a "Nasdaq-like" board that will allow start-up companies to trade shares in the stock market. "There're a large number of small companies that want to raise funds and the banking sector is failing to provide them that," Fraser […]
If You Want to Use "TIPS" to Beat Inflation, Follow These Tips
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Many investors are worried about inflation and we're among them. The data is downright scary. Not only are consumer prices rising faster than expected, but you have to keep in mind that the inflationary indicators that are spooking us are actually "lagging indicators" – meaning […]
Hershey, an American Icon, Tries to Regain Its Former Glory
By Jennifer Yousfi Managing Editor With all the challenges The Hershey Co. (HSY) faces, the travails of the American candy making icon can really be summarized with one simple fact: In an increasingly global market, Hershey depends on its home U.S. market for 80% of its sales. Hershey needed to make a move that would […]
Global Investing Roundups
Productivity Ramps Up; Adidas Sales Jump, But Reebok Lags; ADP Says Payrolls Slashed; AT&T Pumps $1 Billion Into Worldwide Projects; Costco and BJ's Wholesale Post Solid Earnings; Amazon Pours Itself Into Wine Business; Ambac Continues to Struggle; Gold Rallies to Record High The Labor Department announced yesterday (Wednesday) that productivity increased 1.9% in the fourth […]
OPEC Holds Production Steady Driving Oil to a New High
By Jason Simpkins Associate Editor Oil scaled to a record high again yesterday (Wednesday) as the Organization of Petroleum Exporting Countries (OPEC) held output steady, despite repeated pleas from the White House to increase production. The price of oil climbed as high as $104.56 during midday trading on the New York Mercantile Exchange after OPEC […]