By Jennifer YousfiManaging Editor Lehman Brothers Holdings Inc. (LEH) was forced to raise fresh capital yesterday (Monday), evidence that the subprime-fueled credit crisis is still far from over. "I am very disappointed in this quarter's results," Chairman and Chief Executive Officer Richard S. Fuld, Jr. said in a company statement released yesterday. "Notwithstanding the solid […]
Archives for June 2008
June 2008 - Page 10 of 13 - Money Morning - Only the News You Can Profit From
Overseas Sales Send McDonald’s Shares to Premium Menu
By Mike Caggeso Associate Editor Near double-digit sales growth overseas and relative domestic strength helped McDonald's Corp. (MCD) post 7.7% same-store sales growth in May. Same-store sales for the fast-food chain jumped 9.6% in Europe and 9.7% in Asia, the Middle East and Africa. Stateside, same-store domestic sales moved 4.3%, fairly strong considering that U.S. […]
IEA Demands $45 Trillion Investment in Clean Technology
By Jennifer YousfiManaging Editor The world must spend $45 trillion to cut its dependence on oil and reduce greenhouse gasses, the International Energy Agency (IEA) said Friday. According to the IEA countries must commit 1.1% of projected total global gross domestic product (GDP) to develop sufficient clean energy technology by 2030. "Carbon emissions must be […]
Special Report: Six Ways to Profit From the One-Two Punch of Soaring Oil Prices and Zooming Inflation
By William Patalon IIIAnd Jason Simpkins Money Morning Editors Oil prices have resumed their northward climb. And inflation has returned to the American lexicon for the first time in decades. For U.S. consumers, there's no way to dodge the financial fallout of that economic one-two punch. But for U.S investors willing to make some shrewd […]
How to Profit from the Middle East’s Global Expansion
Editor's Note: Middle Eastern countries know their oil supplies aren't going to last forever. So they're pumping more than $2 trillion into new, long-term economic projects – such as brand new cities that will function as both business and vacation hot spots. A special report jointly developed by U.K. affiliate MoneyWeek Magazine and our experts […]
Be Bold, Buy Gold
By Peter D. SchiffGuest Columnist As the price of gold has taken some lumps since it crashed back down through the psychologically significant $1,000-per-ounce mark back in March, those on Wall Street who had consistently underplayed its potential on its way up are now assuring its continued retreat. According to these gold market spectators, prices […]
After Friday’s Record Surge, Oil Prices Will Certainly be the Top Story This Week
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report When Morgan Stanley (MS) predicted that oil prices would reach $150 per barrel by mid-summer, its analysts certainly didn't mean it would happen all in one day. But a confluence of powerful catalysts – that aggressive prediction, some militant interest-rate language from the European Central Bank, […]
Oil "Bulls" its Way Above $139 on its Way to a New Record as the U.S. Dollar Resumes its Descent
By Jason Simpkins Associate Editor Crude oil for July delivery traded at an all-time high of $139.12 a barrel on the New York Mercantile Exchange today (Friday), after the U.S. dollar nosedived on speculation that the European Central Bank would raise its key lending rate and on worries that a bigger-than-expected spike in unemployment meant […]
The U.S. Economy’s Uncertainty Brings Opportunity for Investors in the Months to Come
By Jennifer YousfiManaging Editor With a wheezing economy that's struggling with housing and credit problems – as well as a weak dollar – it's clear the United States won't be in the investment spotlight this year. But don't despair. Because a trend that has long been talked about – economic decoupling – is finally starting […]
Election 2008: Obama or McCain – U.S. May Suffer Either Way
By Martin HutchinsonContributing Editor As Barack Obama closes in on the Democratic presidential nomination, investors should focus their minds around one uncomfortable fact: Whether it's Obama or Republican John McCain who wins the White House, expect some policy changes that won't sit well with investors – or with the U.S. economy. This could make for […]