[Editor's Note: This is the fourth installment of a new series that looks at the global investing outlook for 2009.] By Martin HutchinsonContributing EditorMoney Morning/The Money Map Report Japan has been an infuriating country for U.S. investors for almost 20 years now, since its benchmark Nikkei 225 index hit its trading high of 38,957 in […]
Archives for November 2008
November 2008 - Page 6 of 10 - Money Morning - Only the News You Can Profit From
Credit Crisis Safety Plays: Banking Ratings Report Can Provide Peace of Mind and Warn You if Your Bank is Weak
[This is the third installment in an ongoing series detailing personal financial strategies investors can use to insulate themselves and their finances from the ongoing credit crisis.] By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report. When federal banking regulators last week seized the Houston-based Franklin Bank SSB (FBTX), it became the 18th bank failure this […]
Global Investing Roundups
Jobless Claims Rise to 516,000; Wal-Mart Earnings Soar; Intel Lowers 4Q Forecast; Urban Outfitters Clocks $59 Million 3Q Earnings; Budget Deficit Hits Record High; Volatile Crude Climbs 3.7%; U.S. Steel Lays Off 677 NA Employees; Initial jobless claims jump to their highest level since 9/11, rising 32,000 to 516,000 in the week ended Nov. 8, […]
Germany Officially Enters Recession, Eurozone Likely to be Next
By Jason Simpkins Associate Editor Money Morning Germany has officially plunged into a recession, as the nation’s Federal Statistics Office revealed yesterday (Thursday) that Europe’s largest economy contracted by 0.5% in the three months through September. The data is worse than many analysts had expected and follows a 0.4% decline in the second quarter. The […]
Obama Wants to Appoint Auto Czar, Seeks Billions in Detroit Aid
By Mike Caggeso Associate Editor Money Morning President-elect Barack Obama is asking a Congressional lame-duck session to approve $25 billion to $50 billion in rescue aid for Detroit’s crumbling auto industry. He also wants to appoint a czar or board to oversee the auto industry’s rescue and reconstruction, Bloomberg reported. Both are steep requests that […]
Market Milestones to Watch for in the Months to Come
By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report With the whipsaw trading we’ve seen of late, it appears that the U.S. financial markets are already chewing through the post-election honeymoon. I have to say that I, for one, am relieved that’s the case because it signals that the markets are already returning to normal. I […]
China's Commercial Aviation Sector to Enter "Important Period," Top Official Says
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report “Airshow China,” the huge aerospace trade show that’s known officially as the “China International Aviation and Aerospace Exhibition,” ended Sunday in the southern-coast city of Zhuhai. It was the seventh time the event has been held. But it’s the first time China’s commercial airplane sector has […]
Global Investing Roundups
General Growth Properties Facing Bankruptcy; Macy’s Cut Capital Spending 45%; Oil Futures Dip; China Retail Sales Soar; Yum Restructures; AB Shareholders Approve InBev Merger General Growth Properties Inc. (GGP) warned it is on the brink of bankruptcy, as slow retail sales have forced many of its mall vendors to close their doors, CNNMoney.com reported. The […]
Paulson Amends TARP to Include Equity Stakes in Financial Firms and Assistance to Consumer Finance Companies
By Jason Simpkins Associate Editor Money Morning U.S. Treasury Secretary Henry M. Paulson yesterday (Wednesday) announced a reshaping of the government’s $700 billion Troubled Asset Relief Program. Instead of purchasing troubled assets directly from banks, Paulson said the majority of the funds allotted to the Treasury Department would be used to purchase equity stakes in […]
World Bank Triples Lending to Developing Countries
By Jason Simpkins Associate Editor Money Morning The World Bank said today (Wednesday) that it plans to triple its lending to developing nations this year in an effort to prevent a “human crisis” that has been brought about by economic turmoil. The amount the World Bank lends to developing countries such as China, India and […]