Bernanke Acknowledges Possible Recession; Best Buy Up, No Thanks to U.S.; IMF Cuts Global Growth Forecast; Monsanto Reaps Healthy 1Q Revenue; Private Sector Jobs on the Rise; Sotheby's Shares Sink; Packeteer Rejects Bid; BlackBerry Income Rises Citing deteriorating homebuilding, employment and consumer spending figures, U.S. Federal Reserve Chairman Ben S. Bernanke acknowledge for the first […]
Archives for April 2008
April 2008 - Page 13 of 14 - Money Morning - Only the News You Can Profit From
A Weak Economy and High Gas Prices Cause Auto Sales to Stall
By Jason Simpkins Associate Editor High gas prices and fading consumer confidence took a heavy toll on the automotive industry in March, as sales for each of the four largest automakers plummeted. General Motor Corp.'s (GM) sales tumbled 19%, when analysts had only expected a 12% drop. Ford Motor Co.'s (F) U.S. sales fell 14%. […]
Video
Midday Market Update: Markets Swing on Bernanke's Testimony
By Jennifer Yousfi Managing Editor Comments from U.S. Federal Reserve Chairman Ben S. Bernanke sent the U.S. markets on a bumpy ride in early morning trading, leaving the three major U.S. indices narrowly mixed. At midday, the blue-chip Dow Jones Industrial Average Index was down just 5.54 points (-0.04%), to trade at 12,648.82. The tech-laden […]
Asian Development Bank: Inflation, Deceleration Threaten Asian Economies
By Mike CaggesoAssociate Editor Developing Asian countries will churn out solid 7.6% growth this year, but the region is at risk from spiraling inflation and the global credit crisis, a new report from the Asian Development Bank (ADB) said. "Asia will not be immune to the global slowdown, neither will it be hostage to it. […]
Credit Default Swaps: A $50 Trillion Problem
By Martin Hutchinson Contributing Editor Of all the really bad ideas that have infested the finance business in the last 30 years, the most dangerous is probably the credit default swap (CDS). CDS is almost a brand new investment vehicle, but the market is already 20 times its size in 2000. The principal amount of […]
A View From the Burj: Dubai's Economy Fueled by High-Powered Government Investing
By Mike Caggeso Associate Editor When flocks of tourists gaze from the top of the world's tallest building – the colossal Burj Dubai, slated to be completed in 2009 – they'll see a swath of construction cranes dotting the skyline and dozens of tankers awaiting arrival/departure from the world's largest man-made harbor. To the southwest, […]
Global Investing Roundups
Airbus Lands in Hot Water; Ford Fishtails in March; Microsoft Won't Raise Yahoo Bid; SCA Sues Merrill Lynch; Big Oil Brought Before Congress; $10.9 Billion Blackstone Real Estate Fund; Gold Prices Sink; Indonesia's Inflation Soars French financial market regulator, the Autorité des Marchés Financiers, filed a formal complaint yesterday (Tuesday) against European Aeronautic, Defense & […]
The Dollar Rallies Blunting Precious Metal Momentum
By Jason Simpkins Associate Editor The dollar rose the most against the euro this year yesterday (Tuesday), an indication that it could be readying itself for a rebound. "The market focus has shifted," Michael Malpede, a senior currency analyst at Man Global Research, told Bloomberg. "We are going to see the dollar bounce further. So […]
Videocon Signals Interest in Buying Motorola Phone Unit
By Mike Caggeso Associate Editor Less than a week after Motorola, Inc. (MOT) announced its split into two publicly traded companies, India's Videocon Industries Ltd. said it is interested in buying Motorola's mobile-phone business. "We are in consumer durables, we are in retail and we also have" mobile-phone licenses in India, Videocon Chairman Venugopal Dhoot […]