Money Morning Staff Reports The shrewdest U.S. investors understand that future profits will come from overseas. But Goldman Sachs Group Inc. (NYSE: GS) is apparently getting those profits now. Wall Street analysts are predicting that Goldman – which only recently repaid billions in government bailout money – will report a “blowout” quarter today (Tuesday), thanks […]
Archives for July 2009
July 2009 - Page 7 of 11 - Money Morning - Only the News You Can Profit From
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. GM May Salvage Pontiac Car; CIT Void to Be Filled, More Expensive; Dell Expects Higher Q2 Revenue; U.S., UBS Lawsuit Delayed for Possible Settlement; U.S. Deficit Grows; Russian Investor Boosts […]
India's Budgetary Woes Are a Warning to Global Investors
By Martin HutchinsonContributing EditorMoney Morning When India unveiled its annual budget on July 6, it immediately caused a sharp drop in the rupee, as well as a 5.8% decline in the benchmark BSE Sensex stock index that had soared 55% so far this year. The sharp reaction wasn’t a surprise: Since it including nothing about […]
Geithner Takes Dollar Assurances to Mideast
By Bob Blandeburgo Associate Editor Money Morning Treasury Secretary Timothy Geithner is once again traveling abroad to assure foreign nations that their investments in the United States are safe But this time it’s not China he’s trying to assure; it’s another large supporter of the dollar: Saudi Arabia. While inflation has held steady in the […]
Survey Shows Firms Will Wait for Windows 7
By Bob Blandeburgo Associate Editor Money Morning Six in ten companies have no plans to upgrade to Microsoft Corp.’s (Nasdaq: MSFT) upcoming Windows 7 operating system (OS), which will be available to businesses starting on September 1, according to CNET. ScriptLogic Corp., a company that helps companies in manage their Windows-based networks, polled 1,100 firms […]
Buy, Sell or Hold: Buy iShares Barclays 20+ Year Treasury Bond ETF For Solid Profit at a Time of Great Uncertainty
With the "not-as-bad-as-expected" news surrounding the economy and the initial government stimulus measures have been priced in to the market, we are moving into a period of profound uncertainty. With the release of Alcoa Inc.'s (NYSE: AA) earnings report, earnings season has officially begun. In most cases each company's own "easy" restructurings are also behind […]
Why Minimum Wage Represents Maximum Stupidity
[Editor's Note: The federal minimum wage increases to $7.25 an hour on July 24.] By Peter D. SchiffGuest ColumnistMoney Morning In a free market, demand is always a function of price: The higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. […]
Investors Looking to Tech to Pull U.S. Stocks - and the Economy - Out of Their Doldrums
By William Patalon III Executive Editor Money Morningr/Money Map Report Stock investors will key next on earnings from tech giant Intel Corp. (Nasdaq: INTC) and banks including J.P. Morgan Chase & Co. (NYSE: JPM) for hints of what to expect in the third quarter — and how badly the recession hurt businesses in the second […]
The "New" GM: What Will it Look Like, and How Far Will it Go?
By Bob Blandeburgo Associate Editor Money Morning General Motors Corp.'s (OTC: GMGMQ) emergence from bankruptcy Friday marks the beginning of the "new GM," which will try to stay out of the ashes from which it emerged to become a leaner, customer-centric and modern company. The official ownership of the new GM is divided as follows: […]
Can Goldman Sach's Stolen Code Be Used to Manipulate the Markets?
The financial-services industry is closely watching the mysterious case of Goldman Sachs Group Inc. (NYSE: GS) and its stolen code: a proprietary computer program that some think could be used to manipulate the financial markets. According to federal authorities, the program rapidly processes market developments and uses mathematical formulas to make lucrative automated trades. Former […]