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. Tech Bulls Boost Markets; Crude Tops $60 a Barrel; Bing Takes Bite Out of Yahoo, But Not Google; Weatherization Funds Cause Concern About Fraud; Paulson Defends BofA/Merrill Deal; U.S. Weighs […]
Archives for July 2009
July 2009 - Page 6 of 11 - Money Morning - Only the News You Can Profit From
Equity Merchant Banks: The Financial Sector's Profit Powerhouse of the Future
If Goldman Sachs Group Inc.'s (NYSE: GS) blowout second-quarter earnings demonstrated one thing, it's that the new "equity-merchant-banking model" – the replacement for the Wall Street investment bank of pre-financial-crisis days gone by – is where financial-sector investors will make their money for years to come. And there are two clear frontrunners that investors will […]
Higher Gas Prices Give CPI a Lift, But Annual Prices Drop Most Since 1950
By Bob Blandeburgo Associate EditorMoney Morning Rising gas prices were the biggest contributor to an increase in the Consumer Price Index (CPI) from May to June, but year-over-year prices saw their biggest drop in almost 60 years. June's seasonally adjusted CPI increased 0.7% following May's 0.1% rise, according to the latest report from the U.S. […]
Delays Hit Video Game Maker's Guidance Hard
By Bob Blandeburgo Associate Editor Money Morning Shares of “Grand Theft Auto” maker Take-Two Interactive (Nasdaq: TTWO) took a drubbing yesterday (Tuesday) after it lowered its financial outlook and delayed key video game releases until its next fiscal year. Take-Two now expects its loss to fall between 65 cents and 75 cents per share and […]
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. Retail Sales Rise; Eurozone Output Up; Intel Posts Loss, Lower Sales; KFC/Pizza Hut Parent Sees Profit Rise; Layoffs Ground US Airways; Continental Records $44 Million Charge; Wells Fargo Sells $600 […]
Here's Why It's Time to Ban Credit Default Swaps
By Martin Hutchinson Contributing Editor Money Morning Ask U.S. Rep. Maxine Waters, D-CA, about credit default swaps and she’ll offer this warning: Ban them now or expect a reprise of the ongoing global financial crisis – which the derivative securities helped create. When it comes to elected officials, Congresswoman Waters is not one I would […]
How to Keep Your Job in a Jobless Recovery
[Editor's Note: The latest in an occasional series that looks at unique career strategies for navigating the jobless recovery.] These days, we're all facing unemployment, whether or not we're working. That's because as unemployment rises, as layoffs continue and as prospects for a "jobless recovery" escalate, losing a job is top-of-the mind, if not all-consuming […]
Goldman Sachs Reports Record Earnings, but Financial Sector Far From Out of the Woods
By Jason Simpkins Managing EditorMoney Morning Goldman Sachs Group Inc. (NYSE: GS) said yesterday (Tuesday) that it posted record earnings in the second quarter, but that's not necessarily an indication that better days have arrived for the U.S. banking sector. Goldman's revenue in the three months ended June 26 was $13.8 billion, compared with $9.43 […]
How Seeking Certifications Can Serve as a Survival Strategy in a Jobless Recovery
[Editor's Note: The latest in an occasional series that looks at unique strategies for navigating the jobless recovery.] Professional certification is one way to increase your value to your company at the same time that you're developing a skill that you can help you do your job better. Here are some of the top certifications, […]
The Next Biofuel: Pond Scum?
By Bob Blandeburgo Associate Editor Money Morning Exxon Mobil Corp. (NYSE: XOM) will dip its toes into the renewable energy pond – with a focus on the scum that resides in it. The oil giant is looking to spend more than $600 million on the research and development (R&D) of next generation biofuels from photosynthetic […]