After contracting by 6.4% in the first three months of the year, the U.S. economy shrank just 0.7% in the April-June period. But while many analysts believe growth resumed in the third quarter, any recovery will likely be hamstrung by high unemployment. The U.S. Commerce Department revised its estimate of gross domestic product (GDP) to […]
Archives for September 2009
September 2009 - Money Morning - Only the News You Can Profit From
China Blazing Its Own Trail in Africa
China's trade with Africa has increased ten-fold over the past decade, as the rising Asian power has rapidly matured into a political and economic powerhouse. And with China still in the thralls of an epic growth spurt, its designs on Africa's resources are beginning to conflict with those of the West. Indeed, Africa – with […]
Why You Should Invest in the "New" Germany
Pundits greeted Angela Merkel's convincing election win in Germany Sunday with a collective yawn. Commentators think the German economy is sluggish and over-dependent on exports, and believe that a change in the German government from a grand coalition to a center-right coalition will make little policy difference. I think that's wrong. It's an erroneous viewpoint […]
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. Winters Out as JPMorgan Co-CEO; Walgreen Profits Beat Expectations; BNP Paribas Raising $6.3 Billion via Share Sale; China Approves GM Stake in Delphi; Possible CIT-Indy Mac Merger; Gannett Expects at […]
Banks Satisfied On FDIC Decision, but Will They Still Lend?
U.S. banks yesterday (Tuesday) got what they wanted by avoiding another special assessment from the Federal Deposit Insurance Corp. (FDIC). However, the FDIC's mandate that all banks prepay their regular assessments through 2012 to replenish its near-zero fund will likely put further strain on banks' ability to lend, and force the FDIC to take further […]
U.S. Housing Prices Rise as Market Shows Signs of Stability
New data released in the S&P/Case-Shiller home-price index today (Tuesday) show prices of U.S. houses rose for the third straight month in July, suggesting the housing slump that led to the worst economic meltdown since the Great Depression is stabilizing. The widely watched index of 20 metropolitan areas gained 1.2% from June to July, the […]
Trusted Brand Names Will Point the Way to the Top IPO and M&A Profit Plays
Whether the topic is initial public stock offerings (IPOs), or mergers-and-acquisitions (M&A), the strongest brand names will deliver the biggest profits almost every time. For starters, just look at the deal that seems to have fired off the latest round of global M&A deals: The $16.7 billion unsolicited takeover bid that Kraft Foods Inc. (NYSE: […]
How This "Good Deal Indicator" Can Uncover Bargain Stocks
For investors who fear that the markets have soared too far too fast, the thought that some stocks may still be cheap is hard to imagine – especially when it comes to China. Here's one way to separate the cash from the trash. I call it the "good-deal number," or the "good-deal indicator." And for […]
How to Find the Best Potential Profit Plays in the Resurgent M&A and IPO Markets
When Xerox Corp. (NYSE: XRX) yesterday (Monday) unveiled plans to pay $6.4 billion for outsourcing specialist Affiliated Computer Services Inc. (NYSE: ACS), it was just one of four major financing deals with an aggregate value of more than $14 billion announced on the day. And that wasn't all. Newegg Inc., a well-known computer and electronics […]
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. IMF to Raise Global Growth Forecast; CIC Investing $1 Billion in Oaktree; Yen Highest in Eight Months; Bombardier JV Wins China Contract; World Bank President Wary of Fed's Power; Trichet: […]