By Bob Blandeburgo Associate Editor Money Morning In late January, Exxon Mobil Corp. (NYSE: XOM), the world’s most ubiquitous oil giant, capped off a whipsaw year in the global oil markets by reporting net income of $45.2 billion, an all-time record for corporate profits that shattered the former record it had set a year before. […]
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Bank Stock Outlook: Will First-Half Gains Give Way to Second-Half Pain?
[Editor's Note: After more than a year of chaos and controversy, some of the leading U.S. banks saw their stock prices soar during the second quarter. As part of its mid-year forecast series, Money Morning examines the outlook for U.S. banks for the rest of this year. To see earlier stories from our mid-year forecast […]
The Three Triggers of the Global Gold Bubble
By Peter Krauth Contributing Editor Money Morning As you review your investment portfolio to size up your current exposure to gold, keep one key point in mind: When it comes to profits, there's no rush like a speculative gold rush. And that's just what we have at hand. Inflationary fears are on the march the […]
How to Use the Internet to Find a New Job
[Editor's Note: The latest in an occasional series that looks at unique career strategies for navigating the jobless recovery.] Most everyone's probably heard the saying: "You can find anything you want on the Internet." We're here to tell you that this bit of wisdom is true. It even includes jobs. But as is the case […]
Stormy Mid-Year Employment Outlook Leaves Investors in the Dark About the Economy's Second-Half Prospects
[Editor's Note: This analysis of the U.S. employment outlook is the latest installment of a new Money Morning series that is telling investors what to expect for the last half of 2009. To see earlier stories, please click here or on the series logo below.] By Don MillerAssociate EditorMoney Morning The outlook for the U.S. […]
The U.S. Economy May Recover, But it Sure Won't Feel Like it
By William Patalon III Executive Editor Money Morning/The Money Map Report When the initial estimates for the just-concluded second quarter are released next week, they’re expected to show that gross domestic-product (GDP) declined for the fourth quarter in a row. That hasn’t happened in roughly 70 years – the last time being during the Great […]
Four Ways to Profit if Bernanke's 'Exit Strategy' Backfires
By Jason Simpkins Managing Editor Money Morning After more than a year of lax monetary policy and direct capital infusions, U.S. Federal Reserve Chairman Ben S. Bernanke has finally outlined an "exit strategy" that he says will lead to the "smooth and timely" withdrawal of monetary stimulus and keep inflation at bay. However, analysts say […]
Choosing Sides in the Fight for the Federal Reserve: Whom Should Wise Investors Align With?
By Martin Hutchinson Contributing Editor Money Morning A debate over the future of the U.S. Federal Reserve is taking place in the halls of Congress. On one side is U.S. President Barack Obama and his plan to expand the authority of the Federal Reserve. In addition to its current powers, Obama plans to give the […]
Obama's Healthcare Plan: A Prescription for Disaster
By Peter D. SchiffGuest Columnist Money Morning The healthcare bill unveiled last week by the U.S. House of Representatives (with the full support of the Obama administration) is one of the worst pieces of legislation ever drafted. If passed, President Obama's healthcare plan will reduce the quality and increase the cost of healthcare in America. […]
Retail Sector Faces Uphill Climb in 2009
By Bob Blandeburgo Associate Editor Money Morning Retail investors had a rough go of things in the first half, but since the March lows of all the markets, the Standard & Poor’s Retail Index is showing progress toward its 52-week high of 427.13. But don’t expect that to last. A slump in consumer spending and […]