By Jennifer Yousfi Managing Editor The U.S. Federal Reserve will make sure the global financial markets have sufficient liquidity to operate effectively and will increase the size of its government bond auctions if additional capital is needed, central bank Chairman Ben S. Bernanke said today (Tuesday). Speaking via satellite at the Atlanta Financial Markets Conference […]
Archives for May 2008
May 2008 - Page 8 of 14 - Money Morning - Only the News You Can Profit From
International Sales Help Wal-Mart Beat First-Quarter Earnings' Estimate
By Mike Caggeso Associate Editor A 22% increase in international sales helped Wal-Mart Stores Inc. (WMT), the world's largest retailer and bellwether of the U.S. economy, beat first-quarter earnings' estimates. Net sales for the Bentonville, Ark.-based company were $94.1 billion, a 10.2% increase from last year's $85.4 billion. Net income rose 6.9%, or $2.8 billion, […]
The View From China: As its Securities Regulations are Modernized, the Red Dragon's Profit Potential Will Soar
Money Morning Investment Director Keith Fitz-Gerald has been leading an investment trip through China, taking in that country's culture and scenery, as well as its investment opportunities. Here is Part V of a short series detailing his observations and discoveries. By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report HONG KONG – The question […]
By Solving Their Country’s Problems, China’s Leaders Are Opening the Door for Profits
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report HONG KONG – Western investors have always had two major problems when it comes to China. First, they just can't seem to believe what they're seeing – even after they've been there. Second, even if they end up believing what they saw, they still can't […]
Global Investing Roundup
Cablevision Buys Newsday for $650 Million; Brazil to Start SWF, Cut Taxes by $12.8 Billion; Oil Surges Over $126; Chinese Inflation Nears a 12-Year High; XM Hit by 1Q Loss Despite Revenue Jump; BlackBerry Bold Revealed; EDS Buy-Out?; Clear Channel Looks to Settle Cablevision Systems Corp. (CVC) announced Monday that it bought Long Island daily […]
Iranian Energy Sector a Political Pitfall for Some, New Opportunity for Others
By Jason Simpkins Associate Editor Iran's energy sector has again proved to be a point of controversy as both Royal Dutch Shell PLC (RDS.A, RDS.B) and Spain's Repsol YPF SA (REP) have withdrawn from one of Iran's largest natural gas projects after being pelted with political pressure from the United States. Story continues below… Shell […]
Dollar Rallies on Presumed Pause for the Fed
By Jennifer Yousfi Managing Editor The dollar continued its rise today (Monday) on the assumption that the U.S. Federal Reserve plans to halt its aggressive rate-slashing campaign. Federal Reserve Chairman Ben S. Bernanke will be speaking tomorrow (Tuesday) and is expected to confirm that the Fed plans to hold rates steady at the next Federal […]
Investors Leaving India's Market Aren't Thinking Long-Term
By Mike Caggeso Associate Editor Of the emerging BRIC (Brazil, Russia, China and India) nations, India's stocks are priced the cheapest as government measures to curb inflation have turned away investors, Bloomberg News reported using its own compiled data. Making matters worse, India has the fewest natural commodities of the four-nation bloc – meaning it's […]
Will This Week's Retail Reports Help Investors Decode the Mystery of the U.S. Economy?
By William Patalon III Executive Editor Money Morning/The Money Map Report The U.S. retail sector will be in the spotlight this week, as investors continue their efforts to gauge the health of the U.S. economy. Such key retailers as Wal-Mart Stores Inc. (WMT), Macy's Inc., JP Penney Co. Inc., Abercrombie & Fitch Co., and Nordstrom […]
Dueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett's Housing Expert Sees Rebound Under Way
From Staff Reports When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another – once again underscoring how tough it is for investors to predict when the U.S. economy will turn around. Jim Rogers, a best-selling author who co-founded the famed […]