By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - • Print | Email
Greece is on track to run out of money in two weeks.
Unless officials can alter its current burn rate, the Mediterranean country will hit a cash wall on April 8, according to German newspaper Frankfurter Allgemeine Sonntagszeitung.
Exactly how much does Greece owe?
The country is 323 billion euros in debt ($352.7 billion) – more than 175% of its GDP.
These four charts help to put that number into perspective...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Today's pre-market movers include Kraft Foods Group Inc., who saw its stock skyrocket on news of a merger with H.J. Heinz Co.
However, the broader stock market today is hardly getting the same kind of lift. Dow futures forecasted a small decline from the Dow close yesterday.
By Michael E. Lewitt, Global Credit Strategist, Money Morning • @MichaelELewitt - • Print | Email
If you want to lose all of your money, you could do worse than tune in to CNBC on a regular basis.
The network is a cheerleader for an overvalued stock market and the Federal Reserve policies that have pumped it up – and which are steering the economy straight into another recession.
Seven years after the financial crisis ripped across the globe, the world is mired in debt. This is particularly worrying since the "Debt Supercycle" that began 30 years ago is now supported only by the largesse of increasingly shaky central banks.
Today the world is buried in more than $100 trillion of debt. Hanging over that is another roughly $700 trillion of derivatives. Is it any wonder many economies can't grow when they have to service all of that debt and face such systemic risk?
Of course, the cheerleaders on CNBC have absolutely no clue about what is going on… and the dangers of this ignorance are too important to ignore.
Yes, there are some thoughtful, experienced journalists working at CNBC like David Faber and Steve Liesman- whose pained expression when enduring his colleagues' hyperbole tells a story in itself. And Rick Santelli continues to point to the dangers of what the Fed is doing.
Unfortunately much of the substance of Mr. Santelli's excellent reporting gets lost in his proclivity for ranting rather than reporting.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The DJIA index dipped 104 points Tuesday. Why the decline? Expectations for a faster rate increase by the Federal Reserve outweighed improving economic data.
New home sales hit a seven-year high in February, a sign of surging demand in the housing market. Existing home sales were also up 1.2% in February despite bad weather.
Here are the day's top market stories - plus our new profit tip for investors...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - • Print | Email
Chesapeake Energy Corp.'s (NYSE: CHK) stock has fallen 39.5% in the last year amid quarter-over-quarter earnings losses.
For billionaire investor Carl Icahn, it's the perfect opportunity to increase his stake at a discount.
Here's how you can benefit from Icahn's strategy, regardless of how CHK stock performs...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Uber IPO will be one of the most hyped initial public offerings in history when the ride-hailing company comes to market – which could be this year.
A $1.2 billion round of funding in December valued Uber at more than $41 billion. It operates in more than 250 cities across 55 countries. With that most recent funding round, Uber has now raised eight times as much capital as its closest competitor Lyft Inc.
But before an Uber IPO can occur, the company has some major issues it must fix.
And the biggest problem that could derail an Uber IPO today is how many places have banned Uber...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 - • Print | Email
This week, the International Business Machines Corp. (NYSE: IBM) stock price has gotten a reprieve from what has been a long, painful downtrend, as it looks to break above new five-month highs.
IBM stock is up on news about a promising IBM-Chinese partnership, and a product cycle refresh in its mainframes that should help IBM recoup some of its lost revenue in hardware over the last few years.
But don't be so quick to jump in on IBM stock just yet...
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
The Facebook stock price today is up 0.32% pre-market to $84.43. Facebook Inc. (Nasdaq: FB) stock hit an all-time high yesterday, March 23. FB climbed 0.81%, or $0.68, to close at $84.48, while the three major benchmarks closed in the red.
FB shares are up 8.28% year to date. Last week the Facebook stock price had its biggest weekly gain in eight months.
Check out how FB's new market cap ranks among the market's biggest:
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Energy stocks have struggled lately. Since this time last year, the overall sector has dropped 11% while the S&P 500 index rose almost 13%.
But it's important to note: this has left some of the biggest high-yield energy dividend stocks on sale – so investors should grab some shares for a bargain to collect dividends. Because oil will head higher again.
Here are three picks we like to get you started...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - • Print | Email
Explosive growth in oil production has provided master limited partnership (MLP) investors a wave of new opportunities – and a MLP ETF is the best way to tap the sector's best opportunities.
The low price landscape is being reshaped by a wave of M&A activity.
Here's one MLP ETF that will benefit from the industry's changes...
