By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report President-elect Barack Obama said Saturday that an analysis of his stimulus proposal found that the capital infusion could save or create as many as 4 million U.S. jobs by 2010, nearly 90% of them in the private sector. Obama previously estimated that his estimated $800 billion […]
Archives for January 2009
January 2009 - Page 9 of 12 - Money Morning - Only the News You Can Profit From
Credit Crisis Expert Shah Gilani to Address Obama Stimulus Profit Plays in Free Webinar
By Don Miller Contributing Writer Money Morning After myopic deregulation and some high-finance hijinks combined to wipe out more than $6 trillion of shareholder wealth over the past year, it’s no surprise that Wall Street is destined for some big regulatory changes. Those new rules will completely alter the game – indeed, the entire stock-market […]
Congressional Watchdog Criticizes Treasury for Failing to Track $350 Billion in Bank Bailout Money
[This is the sixth installment of an investigative series in which Money Morning examines how U.S. banks are using federal bailout funds.] By William Patalon III Executive Editor Money Morning/The Money Map Report The U.S. Treasury Department has done nothing to make sure $700 billion in taxpayer-provided bailout money is used to buttress the weak […]
The "Cheap Oil Era" is Ending Soon...
Oil prices have fallen 70% since hitting a record $147.27 a barrel in July, which means in just five months, crude has given up all the price gains it made in the past four years.
After such a wrenching plunge, many analysts believe the outlook for the "black gold" remains bleak – and in the short term it certainly is. In the long run, however, dwindling supplies, resurgent demand, and a lack of investment will cause crude oil to double, triple, or even quintuple in price over the next few years.
Japan May Eliminate Key Capital Gains Tax, Opening Gigantic Door for Foreign Investment
By Mike Caggeso Associate Editor Money Morning Japan's government officials are talking about nixing a 40% capital gains tax for most foreign investors, which would open a huge door to foreign investors in a country that badly needs fresh capital. A senior trade ministry official told Bloomberg News that the government is planning talks with […]
2008 Job Losses Most in 64 Years, Unemployment Rate Surges to 7.2%
By Jason SimpkinsManaging EditorMoney Morning The U.S. unemployment rate rose to 7.2% in December, an indication that the recession intensified and will no doubt drag on well into the new year as consumers and businesses continue to cut back. The U.S. economy lost 2.6 million jobs last year, the most since World War II ended […]
Obama's Stimulus Plan: When is There "Too Much" Stimulus?
By Martin Hutchinson Contributing Editor Money Morning/The Money Map Report The Congressional Budget Office's announcement Wednesday that 2009's budget deficit was going to be $1.19 trillion – before a nickel of President-elect Barack Obama's stimulus plan has been included – raises a crucial question for the U.S. economy: Is there too much stimulus, and what […]
Upstarts Have Big Bourses Feeling the Urge to Merge
By Don MillerContributing WriterMoney Morning The days of shouted orders and crumpled trade tickets on vast floors jammed with frantic stock traders are numbered. Turns out the human faces of Wall Street are rapidly being replaced by nondescript computer technicians quietly monitoring speedy rack-mounted servers. They execute billions of trades daily in placid data centers […]
Global Investment News Roundups
German Gov't Takes 25% Bank Stake; Walgreen Cutting 1,000 Jobs; Boeing Orders Fall 53%, TD Ameritrade Acquires thinkorswim; Gas Dispute Continues; BOE Cuts Rates; Lenovo Sheds Jobs; Crude Down Again Germany's government will take a 25% stake in its second-largest bank, Commerzbank AG (ADR:CRZBY). The 10 million euro ($13.7 billion) investment comes as Commerzbank is […]
Blue Christmas for Retailers as Slumping Economy Hammers Sales
By Don Miller Contributing Writer Money Morning Retail stores confirmed yesterday (Thursday) what most analysts had already suspected – the Grinch stole Christmas. The huge discount programs big retailers devised to bolster sales failed to attract enough consumers to save the holiday season. Even bellwhether Wal-Mart Stores Inc. (WMT), which had managed to dodge the […]