By Jennifer Yousfi Managing Editor The U.S. markets had strong gains yesterday (Tuesday), marking the strongest second quarter start since 1938, as a rally in financial stocks led all three major indices to post gains of more than 3%. At the New York close, the blue-chip Dow Jones Industrial Average Index had posted a gain […]
Archives for April 2008
April 2008 - Page 14 of 14 - Money Morning - Only the News You Can Profit From
UBS Estimates $19 Billion Loss, Chairman Marcel Ospel to Resign
By Jennifer Yousfi Managing Editor UBS AG (UBS) announced yesterday (Tuesday) an estimated $19 billion (12 billion Swiss francs) loss in the first quarter. As a result of the $38 billion in losses accrued by the Swiss bank since the third quarter of 2007, Chairman Marcel Ospel will step down. Due to the estimated loss, […]
Midday Market Update: Financial Shares Spark Global Rally
By Jennifer Yousfi Managing Editor The U.S. markets had strong gains in early morning trading as financial stocks rallied on hopes that the subprime crisis might finally be reaching its bottom. At midday, the blue-chip Dow Jones Industrial Average Index had posted a gain of 256.64 points (2.09%), to trade at 12,519.53. The tech-laden Nasdaq […]
Why Shorting the Dollar Now Could Be a Big Mistake
Editor’s Note: Louis Basenese is the Associate Investment Director of The Oxford Club and regular contributor to Investment U. He is one of the top analysts and most sought after speakers on financial topics in the country. The following article first appeared in Investment U. We thought it was incredible and wanted to share it […]
Four Ways to Profit from Taiwan’s Recent Presidential Election
By Martin Hutchinson Contributing Editor Taiwan is the China investors should be focusing on. Investors in Taiwan got good news last week when the party that favors closer relations with China won the Taiwanese presidency. The win by Ma Ying-jeou of the Kuomintang party sent the Taiex Index up 4% in one day. The win […]
Global Investing Roundups
Analyst: Airlines Will Lose $1 Billion in 2008; New Gold Scoops Two Miners for $1.34 Billion; Oil Slips 4%; Monsanto Plants Seeds For the Future; Hallmark Rewarded with Healthy 2007; Merck and Schering Plunge; Vertex Stock Soars; New Intel Joint Venture A report from Calyon Securities predicted the U.S. airline industry would lose more than […]
Treasury Secretary Paulson’s Blueprint for Regulatory Overhaul Unveiled
By Jason Simpkins Associate Editor U.S. Treasury Secretary Henry Paulson officially unveiled his blueprint for the most significant regulatory overhaul of the nation’s financial system since the Great Depression yesterday (Monday). The plan would expand upon the powers of the Federal Reserve and effectively streamline several government agencies. “Our current regulatory structure was not built […]