By Don MillerContributing WriterMoney Morning Are you wondering how the financial landscape will change after incoming U.S. President Barack Obama takes office later today (Tuesday)? Do you want to know how to ferret out the most-promising profit plays in this new reality? Are you curious how the Obama administration may be forced to, in effect, […]
Archives for January 2009
January 2009 - Page 6 of 12 - Money Morning - Only the News You Can Profit From
United Kingdom Launches Second Bank Rescue Package
By Jason SimpkinsManaging EditorMoney Morning The United Kingdom earlier today (Monday) announced a second bank rescue package to shore up the nation's ailing financial institutions and boost lending. The package includes insurance for banks against further credit losses, guarantees for asset-backed securities, and the purchase of private sector assets. The centerpiece of the plan is […]
Buy, Sell or Hold: A New Look at ABB Spotlights a Company That's Poised to Benefit From Global Bailout Plans
Although ABB Ltd. (ADR: ABB) has been around for 120 years, it’s one of those rare companies that’s kept current with the times. It continues to do so and those efforts are generating tangible results. Indeed, as Money Morning noted in its July 7 overview of ABB, the Zurich-based industrial giant is a virtual […]
An Open Letter to President-Elect Barack Obama: How a Regulatory Makeover Can Fix the Financial Crisis
[Editor’s Note: This is the third installment of a three-part examination of deregulation, and how it helped spawn the U.S. credit crisis. In this capstone installment, Gilani outlines a plan for rebuilding the nation’s regulatory safety net.]
Dear Mr. President-Elect:
The people of the United States have spoken. Their collective voice resonates loudly and overwhelmingly in praise of your vision and promises for America the beautiful.
Over the many voices, the chorus of a common refrain resounds: There is nothing we as a people cannot do if inspired by confidence in our president, honest and transparent democratic government, and equal opportunity in pursuit of our happiness.
Could Tax Problems Trip up the Confirmation of the Best Candidate for Treasury Secretary?
By William Patalon III Executive Editor Money Morning/Money Map Report After a two-day “holiday” to start the week–Martin Luther King Day today (Monday) and Inauguration Day tomorrow (Tuesday)–it’ll be back to business on Wednesday as Congress begins to grill U.S. Treasury Secretary nominee Timothy Geithner – the appointment many observers believe to be the most […]
Citigroup Splits Up After Fifth Straight Quarterly Loss
By Don Miller Contributing Writer Money Morning Citigroup Inc. (C) Friday succumbed to the reality of its dwindling capital base and plunging stock price, announcing it is splitting into two separate companies in what amounts to a death knell for the "financial supermarket" model. Chief Executive Officer Vikram Pandit's move will wipe out the legacy […]
Bank of America Gets $138 Billion Bailout as Merrill Takeover Backfires
By Jason SimpkinsManaging EditorMoney Morning Bank of America Corp. (BAC) received its third capital injection from the U.S. government Friday, after the company posted a fourth-quarter loss of $1.79 billion and absorbed even greater losses from its takeover of Merrill Lynch. The government plans to transfer the $20 billion to Bank of America by the […]
Only Tighter Regulation Will Stem this Crisis of Confidence
[Editor’s Note: This is the second installment of a three-part examination of deregulation, and how it helped spawn the U.S. credit crisis. In Monday’s capstone installment, Gilani will outline a plan for rebuilding the nation’s regulatory safety net.] By Shah GilaniContributing EditorMoney Morning/The Money Map Report “I have a funny feeling that we’re not in […]
Global Investment News Briefs
JPMorgan Profit Down 76%; U.S. Foreclosures up 81% in 2008; U.S. Crude Falls 10%; Incoming SEC Chief Touts Investor Protection; Apple Without its Core; BofA Plunge; Auto Execs Uncertain Fourth quarter profit dived 76% for JPMorgan Chase & Co. (JPM), as the financial crisis forced the bank to write down $2.9 billion in assets and […]
Are U.S. Stocks Nearing the "Sweet Spot" for Double-Digit Gains?
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report With the way stocks are being whipsawed, investors often ask me how to tell when the market is ready for a rebound. While there's no way to ever be 100% certain, I usually just let history be my guide. And history has a very interesting […]