Pending Home Resales Climb; Dow Chemical Posts Steep Loss; Motorola Suspends Dividend, Lowers Forecast; Bank of Japan Buying Local Bank Shares; Automakers Suffer Through Worst Month Since 1982; AIG Shares Hit All-Time Low; Private Equity Firms Say Large LBO Market Dead; Brazil's Economy in Recession Demand may be rising in the housing market, as the […]
Archives for February 2009
February 2009 - Page 10 of 11 - Money Morning - Only the News You Can Profit From
Hot Stocks: Wall Street Banking “Axe” Bove Slashes Price, Profit Targets for BB&T
Money Morning Staff Reports Ladenburg Thalmann Financial Services (LTS) analyst Dick Bove is one of the few Wall Street banking analysts who has been consistently "getting it right" in terms of analyzing the impact the financial crisis has had on that critical sector. As a result, he's viewed as one of the true "axes" – […]
Sprott: Gold Prices Could Double Amid a U.S. Depression
By Don MillerAssociate EditorMoney Morning Respected Canadian money manager Eric Sprott predicted gold prices will more than double over the next few years as the U.S enters a full-blown depression. Sprott, who correctly predicted the collapse of banking stocks, made the comments yesterday (Tuesday) during an interview with Bloomberg News. The United States could be […]
Citigroup Lifts Curtain on $36.5 Billion in TARP Money; Will Other Banks Follow?
By Mike Caggeso Associate Editor Money Morning Citigroup Inc. (C) is lifting the curtain on the $45 billion in taxpayer capital it received, saying it plans to use $36.5 billion to fund U.S. mortgage loans and assist credit card holders and businesses. In the first of four quarterly reports, Citigroup said the money it received […]
Global Investment News Briefs
Manufacturing Spending Continue Slide; Macy's Cuts 7,000 Jobs; Banks Still Not Lending; Renew Energy Files for Bankruptcy; Morgan Stanley Slashes Workforce; Oil Prices Slide 4%; Steelcase Shows Weakness Manufacturing in the U.S. shrank again last month and consumer spending recorded an unprecedented sixth monthly decline in January. The Institute for Supply Management's factory index was […]
China Considers Expanding Stimulus to Combat Unemployment
By Jason Simpkins Managing Editor Money Morning In an interview with the Financial Times yesterday (Monday), Chinese Premier Wen Jiabao said his government is ready to expand on the $586 billion (2 trillion yuan) stimulus package it unveiled late last year. The reason: Soaring unemployment and the threat of social unrest. A recent government survey […]
Fixed-Income Investing: A Cheaper, Safer Alternative to Equity Indexed Annuities
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report For many investors, the concept of an equity indexed annuity (EIA for short) – which establishes a guaranteed minimum rate of return, and the ability to capture the upside of the next bull market with no risk of loss – is proving irresistible. That's especially […]
Chinalco to Buy More of Rio Tinto as China’s Commodity Grab Accelerates
By Don Miller Associate Editor Money Morning Rio Tinto PLC (ADR: RTP), the world's third-largest mining company, may raise as much as $15 billion from top shareholder Aluminum Corp. of China (ADR: ACH), also known as Chinalco, potentially making it the latest in a series of deals that has seen the Asian giant establish a […]
Is Washington Replacing Wall Street as the City That Drives America?
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Is Washington replacing New York – and more specifically, Wall Street – as the city that drives America? The question, raised in a new Reuters piece, is certainly a good one – and a fair one. As the United States suffers through perhaps its worst financial […]
Hot Stocks: Pfizer-Wyeth Merger Underscores That Bigger isn't Better, Takeover Expert Basenese Says
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Pfizer Inc (PFE) plan to buy rival U.S. drugmaker Wyeth (WYE) for about $68 billion is a case of “the dead buying the dying,” and won’t provide the revenue growth that Pfizer needs and is seeking, top takeover expert Louis Basenese says. The New York, N.Y.-based […]