By Martin Hutchinson Contributing Editor Money Morning Markets were cheered Wednesday when the International Monetary Fund (IMF) projected global growth of 2.5% for 2010, a slight increase from its earlier forecast of 1.9% growth. That’s good news for investors – but consumers in the United States and investors focused on it may not see much […]
Archives for July 2009
July 2009 - Page 8 of 11 - Money Morning - Only the News You Can Profit From
Inside Wall Street: Government Bets on Positive Spin to Save Failing Banks
Just when you thought the U.S. banking system had regained its footing, the reality is that a carefully woven federal-government PR campaign may actually be masking the next phase of the worst financial crisis since the Great Depression. Indeed, it’s what’s just out of sight that has some analysts and economists scared to death. To […]
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. Jobless Claims Fall; China Detains Four Rio Tinto Employees for Alleged Espionage; Retail Roughed Up in June; China Auto Sales Skyrocket; Broadcom Drops Acquisition Attempt; Mortgage Rates Fall; Madoff Won’t […]
Dow Component Alcoa Kicks Off Lackluster Earnings Season With a Lower-Than-Expected Loss
Alcoa Inc. (NYSE: AA) reported a lower-than-expected second-quarter loss on Wednesday, the first in what is projected to be a lackluster season for U.S. corporate earnings. Alcoa reported a loss of $312 million, or 32 cents a share, well ahead of analysts’ estimates of a loss of 38 cents a share – but down from […]
China Uses G8 Summit as Forum for Currency Debate
By Jason Simpkins Managing Editor Money Morning With a global stage at this week's Group Eight (G8) summit in L'Aquila, Italy, China again took the opportunity to push for global currency reform, arguing that the dollar's position as the world's main reserve currency is a source of instability. "We need to improve the international monetary […]
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. Pickens' Wind Farm Delayed; Apple Tarnished by SEC Scrutiny; UBS May Settle Tax Dispute; Higher Gas Prices Help Reduce Traffic; Discount Retailer Thrives in Recession; Pepsi Bottling Profits Rise Billionaire […]
The "Secret" Investing Strategy That's Your Best Bet For Commodity Profits
By Peter Krauth Contributing Editor, Money Morning Editor, Global Resource Alert There's never been a better time to invest in commodities. That's a very simple statement, but it's backed by three powerful points: Commodities tend to do well when more-popular investments (with retail investors) are doing poorly, and when economic conditions are less than ideal. […]
Hot Stocks: Google Fires Shot Across Microsoft's Bow with New Operating System
By Bob Blandeburgo Associate Editor Money Morning Google Inc. (Nasdaq: GOOG), not satisfied owning the search engine market, yesterday (Wednesday) revealed it is going to assault Microsoft Corp. (Nasdaq: MSFT) on the turf it has dominated for two decades: the operating system (OS). In a blog posting, the Mountain View, Calif.-based company introduced the Google […]
Speculators Feel the Heat as Demand for Tighter Regulation of Oil Contracts Rises
By Jason Simpkins Managing Editor Money Morning The Commodity Futures Trading Commission (CFTC) may impose stricter limits on commodities speculators who are believed to be behind the main force behind wild swings in the futures markets over the past two years. The investigation has the support of politicians seeking greater price stability for the global […]
Five Ways to Profit From the New Waxman-Markey Clean Energy Bill
By Martin HutchinsonContributing EditorMoney Morning The Waxman-Markey Bill, the much-ballyhooed clean energy legislation passed recently by the U.S. House of Representatives, is an economic and political mess. It introduces huge new distortions in markets, imposes onerous new regulations on a number of industries, requires a large addition to bureaucracy and risks a trade war. And […]