By Jason SimpkinsManaging EditorMoney Morning Japanese factory production jumped significantly in April and inventories fell, an indication that the nation's manufacturers are beginning to recover. However, soaring unemployment and slumping consumer spending have tempered optimism about Japan's economy. Factory output rose 5.2% from March, the biggest jump since 1953. April marked the second consecutive month […]
Archives for May 2009
May 2009 - Money Morning - Only the News You Can Profit From
Economy Shows Signs of Life as First Quarter GDP is Revised Upward
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By Don MillerAssociate EditorMoney Morning The U.S. economic slump continued in the first quarter, but showed signs of moderating as gross domestic product (GDP) figures were revised upward from previous estimates by the Commerce Department on Friday. Still, U.S. GDP, which measures the value of total goods and services produced, shrank at a 5.7% annual […]
Despite the Recession, the U.S. Pet Care Industry is Staying Out of the Dog House
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By Jason SimpkinsManaging EditorMoney Morning During a recession, investors typically look to consumer staples, such as food, medical care and utilities. But one of the most overlooked, recession-resistant industries is the pet care industry, where sales of food and medication have helped a handful of companies turn a sizeable profit. About 63% of U.S. households […]
Obama Stimulus May End Up Hurting the Economy it Was Supposed to Have Helped
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By Martin HutchinsonContributing EditorMoney Morning Could the massive Obama stimulus plan end up hurting the U.S. economy? It's long been a worry, and now it's beginning to seem possible. The latest housing reports suggest that the recent rapid run-up in 10-year Treasury bond yields may be having an unhealthy effect on the U.S. housing market. […]
Investment News Briefs
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Time Warner Spinning Off AOL; Costco Misses Earnings; Posco Agrees to 33% Iron Ore Price Cut; Two Auto Parts Makers File Bankruptcy; Microsoft Launches New Search Engine; Geithner Will Prod […]
GM Will File for Bankruptcy on Monday As Bondholders Agree to Sweetened Plan
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By Don MillerAssociate EditorMoney Morning General Motors Corp. (NYSE: GM) plans to file for bankruptcy protection on Monday, June 1, and sell most of its assets to a new company formed by the U.S. government, Bloomberg News reported, citing people familiar with the matter. The American cultural icon, with roots that go back to the […]
Job Losses Push Mortgage Delinquencies and Foreclosures to New Records
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By Mike Caggeso Associate Editor Money Morning Mounting job losses have pushed mortgage delinquencies and foreclosures to new records in the first quarter. According to the Mortgage Bankers Association (MBA), the U.S. delinquency rate increased to a seasonally adjusted 9.12%. Meanwhile, the share of loans entering foreclosure rose to 1.37%. Both are the highest figures […]
Investment News Briefs
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Existing Home Sales Up 2.9%; Malaysia's Economy Shrinks 6.2%; Staples Beats Estimates; U.K. Millionaires Halved by Financial Crisis; Treasury Yield Spread Hits Record High; Intel Won't Cut Dividend After Euro […]
Collapse of Bond Deal Steers GM Toward ‘Imminent’ Bankruptcy Filing and Majority Government Ownership
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By Don MillerAssociate EditorMoney Morning The next chapter in the history of General Motors Corp. (NYSE: GM) is likely to be about bankruptcy. And that would leave the U.S. and Canadian governments as company's majority owners. The largest of the U.S. Big Three automakers yesterday (Wednesday) announced that it failed to persuade the required 90% […]
Here’s Why Government Bonds Are No Longer A Safe Investment
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By Martin HutchinsonContributing EditorMoney Morning With budget deficits on the rise and inflation almost certain to follow, it's getting easier to see why British or U.S. government bonds are no longer a truly safe investment. Standard and Poor's Inc. (NYSE: MHP) last week put Britain's credit rating under review for a possible downgrade, a precursor […]
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