By Bob Blandeburgo Associate Editor Money Morning The U.S. unemployment rate increased to 9.4% for May, while actual job losses dropped to 345,000, according to a U.S. Labor Department report released yesterday (Friday). While the unemployment rate is at its highest level in 26 years, the narrowing of job losses last month is an indicator […]
Archives for June 2009
June 2009 - Page 9 of 11 - Money Morning - Only the News You Can Profit From
By Stepping Up to Sell China’s Bonds, Standard Chartered and HSBC May Accelerate the Yuan’s Acceptance as a Global Currency
By William Patalon IIIExecutive EditorMoney Morning/Money Map Report Mainland China is continuing its push to transform the yuan into a globally accepted currency. In May, China's central government said it would permit locally incorporated foreign lenders to issue yuan bonds on the mainland. Now HSBC Holdings PLC (NYSE ADR: HBC) and Standard Chartered Bank are […]
When and How the U.S. Economy Will Recover
Though it seemed like we entered recession overnight, it'll be much longer until we emerge from it.
This report outlines when the U.S. economy will turn around, the effect of President Obama's policies and how to protect your finances in the meantime.
If there's a proverb that captures the outlook for the U.S. economy, it's the one that says: "It's always darkest before the dawn."
At E3 Expo, Video Gamers Search for Next Big Hit as They Seek to Break Free From Recessionary Squeeze
By Bob Blandeburgo Associate Editor Money Morning Thousands of video game industry insiders are gathering at the Los Angeles Convention Center this week for the Electronic Entertainment Expo (E3), the industry's annual trade show, and each year the stakes get higher among the sector's "Big Three:" Nintendo Co. (ADR OTC: NTDOY), Microsoft Corp. (Nasdaq: MSFT), […]
Investment News Briefs
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. Countrywide's Mozilo Charged with Fraud; Mortgage Rates Hit 6-Month High; Intel Gets Foothold in Wireless; UAL Looking to Jettison 747; Rio May Sell $15 Billion in Stock After Chincalco Deal […]
Russia's Problems Impede its Long-Term Profit Promise
By Martin Hutchinson Contributing Editor Money Morning For global investors searching for long-term profit plays, the message is clear: Don't spend a lot of time looking at Russia. Russia's Pravda, formerly the official organ of the Soviet Communist party, published a blistering attack on the United States last week. That would not seem so strange, […]
Analysts Hope Productivity Increase Can Stem Job Cuts, Lead to Increased Corporate Profits
By Jason SimpkinsManaging EditorMoney Morning Worker productivity rose in the first quarter, as companies cut costs by shedding workers and extracted more output from remaining employees. Analysts are hopeful that the increased efficiency will help slow rate of job cuts, which also appear to be easing from their formerly torrid pace. Productivity, a measure of […]
Inside Wall Street: Does a Potential New Wall Street Pandemic Fester Underneath Apparent BlackRock Conflicts?
The U.S. Treasury Department recently announced it has preliminarily granted BlackRock Inc. (NYSE: BLK), a mega-money-management and risk-advisory firm, a second-round interview to potentially buy toxic assets from beleaguered U.S. banks. The Treasury's plan was to let a chosen few investment firms borrow cheaply from the Fed in order to massively leverage up their capital […]
Investment News Briefs
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. U.S. Companies Axe 532,000 Jobs in May; Bernanke: U.S. Must Plan Now to Control Debt; Microsoft Threatens Outsourcing if Tax Bill Passes; U.S. Business Bankruptcies Surge By 40%; Microsoft-Yahoo Still […]
By Putting Real Teeth into its Intellectual-Property-Rights Rules, China Moves a Step Closer to Superpower Status
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report When a Beijing court recently ordered three China automakers to pay more than $3 million in aggregate damages for allegedly selling a knockoff of an upscale German tour bus, it underscored that China is getting serious about intellectual property theft – one of the next […]