Retail sales rose in September for the first time in 13 months, fueling hopes that the worst is behind retailers that head into the holiday season better prepared for a tough economic environment. Three reports were unanimous that sales gained, but to different degrees: Market research firm Retail Metrics Inc. said sales rose 1.1% last […]
Archives for October 2009
October 2009 - Page 9 of 11 - Money Morning - Only the News You Can Profit From
Silver's Run Quietly Gains Momentum
New fears over the U.S. dollar's vulnerability – warranted or not – have been a boon not only to gold prices, but its more affordable inflationary hedge silver. The white metal is up roughly 10% since Money Morning's Sept. 28 analysis of silver with futures trading as high as $17.71 this morning on the New […]
Steel Pipe Probe Could Escalate U.S.-China Trade Feud
The U.S. Commerce Department has launched an investigation into seamless steel pipe imports from China in a move that could fuel a feud over trade relations. The Commerce Department said Wednesday that it accepted a petition filed last month asking for the probe by United States Steel Corp (NYSE: X), V&M Star LP, TMK IPSCO […]
Why You Need to Look at these Three "Zombie-Free Zones"
Quantum Fund co-founder George Soros had it right on Monday, when he said the U.S. recovery would be held back by "basically bankrupt" banks and companies. I call them the "zombies," the institutions being propped up by government bailouts. Companies like Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC), General Motors Corp., Chrysler […]
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. Yum Beats Estimates, Raises Forecast; Exxon Considering $4 Billion African Oilfield Stake; Phone Manufacturers Targeting iPhone; Worldwide Mobile Subscriptions To Hit 4.6 Billion; Costco Profit Down, Family Dollar's Up; ING […]
Hot Stocks: The Three Roadblocks to Sony's Turnaround
Sony Corp. (NYSE ADR: SNE) is facing the first consecutive annual loss of its 63-year history. The Tokyo-based company lost $1.1 billion (98.9 billion yen) last year, and it expects to lose another $1.4 billion (120 billion yen) in its fiscal year ending March 31. That would be Sony's first back-to-back annual loss since the […]
Verisk and Santander Ignite Resurgent IPO Market
The global initial public offering (IPO) market is the hottest it's been in two years, underscored by a pair of IPOs that this week alone raised nearly $10 billion. In the United States, insurance risk manager Verisk Analytics Inc. pocketed $1.88 billion in its Tuesday IPO – the largest IPO take by a U.S. company […]
Emerging Market Rebound Evidence of a Growing Divide From Developed Nations
Stocks in emerging market economies continued their torrid run yesterday (Wednesday), hitting a 13-month high and further separating themselves from developed economies. The MSCI Emerging Market Index rose for the third consecutive session climbing 0.4% to 928.40 -; its highest level in more than a year according to Bloomberg News. "The outlook for emerging markets […]
Is the United States on Sale?
When more than $14 billion in merger-and-acquisition deals were announced in a single day last week, U.S. stock prices zoomed as investors embraced a suddenly more-bullish outlook. As last Monday demonstrated, any increase in dealmaking activity tends to move markets higher: With the chance of windfall profits from a surprise buyout, investors tend to bid […]
Gold Prices Soar to Record High on Report of Secret Plan to Dethrone the Dollar
Gold prices surged to record high $1,045 an ounce yesterday (Tuesday), after a report surfaced that global oil producers are planning to stop using the U.S. dollar for oil trade. "There's no telling the veracity of these reports, but the general trend has been going in this direction anyway: a weaker dollar and rising gold," […]