- Land of Rising Debt: Falling Tax Revenue Forces Japan to Sell More Bonds
- Bernanke: Asian Consumer Spending, Cutting U.S. Deficit Are Keys to Avoiding Trade Imbalances
- Government Measures No Match for Second Wave of Foreclosures
- Is Tech Leading the Recovery?
- From Russia With Love: China Looks North For Latest Resource Deal
- How Sustainable is the Kindle's Early Success?
- China Stocks Broaden Appeal with Lower Valuations
- Will Rise In September Retail Sales Carry Into Holidays?
- Silver's Run Quietly Gains Momentum
- Hot Stocks: The Three Roadblocks to Sony's Turnaround
- Hot Stocks: Amazon Looks to Be a Beam of Light in Foggy Retail Picture
- Experts Warn Against Bair's Proposal For Making Secured Creditors Pay for Bank Failures
- CIT Offers Debt Exchange, Draws Up Bankruptcy Plans
- Retailers May Have a Cheerier Holiday Season to Look Forward To
- Banks Satisfied On FDIC Decision, but Will They Still Lend?
- FDIC Weighing Unappealing Options for Fund Replenishment
Charges related to overdrawn accounts this year may add up to $38.5 billion in revenue for banks following last year's $36.7 billion, according to data from research firm Moebs Services Inc. That's up from $28 billion collected in 2007, according to consulting firm Oliver Wyman Group. But sneaky and manipulative ways in which banks collect […]
Japan's government will have to sell more bonds – and grow the country's record debt – in the face of declining tax receipts. The central government's tax revenue may fall below $442 billion (40 trillion yen) considerably less than the $439 billion (46 trillion yen) forecast a year ago, Japanese Finance Minister Hirohisa Fujii told […]
Asian countries need to rely less on export-led growth and encourage their consumers to spend more, while the United States needs to trim its deficit to avoid pre-recession trade imbalances, U.S. Federal Reserve Chairman Ben Bernanke said yesterday (Monday). Governments in trade surplus countries – most of which include Asian nations – must act to […]
When the Obama administration in March instituted programs to help homeowners modify mortgage payments or refinance for lower interest rates, the idea was to curb the foreclosure crisis that has gripped the United States for the past two years. But roughly seven months later, it looks like the federal programs have merely delayed the inevitable, […]
Better-than-expected results from bellwether Intel Corp. (Nasdaq: INTC) are lending credence to the notion that technology – fueled by consumer spending – is leading the recovery. The tech-laden Nasdaq Composite Index is the only major stock index to post a gain over the past five years, rising more than 13% as the Standard & Poor's […]
A preliminary gas agreement between China and Russia is the latest indicator that the Red Dragon continues to diversify trade partners outside of the United States, and signals willingness between the neighboring countries to shelve any political differences for mutually beneficial deals. The deal between the Russia's Gazprom OAO (OTC ADR: OGZPY) and China National […]
Nearly two years after Amazon.com Inc. (Nasdaq: AMZN) released its Kindle e-book reader, it appears that digital books will finally be embraced by consumers previously reluctant to buy a pricey e-reader device. Roughly 3 million e-readers will be sold this year, Forrester Research Inc. (Nasdaq: FORR) said in a recent report that revised a previous […]
After a third quarter that saw China's stocks fall, equities in the world's third-largest economy may now be too cheap to pass up. The Shanghai Composite Index (SSE) was the worst performer among the so-called BRIC nations (Brazil, Russia, India, and China) in the third quarter, falling 6% as Chinese banks pulled the reins on […]
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 […]
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 […]
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 […]
Forecasts for holiday retail sales my not exactly be glowing but there's a good chance that Amazon.com Inc. (Nasdaq: AMZN) – the world's largest online retailer – will again buck the negative trend that has gripped the retail industry for the past year. Estimates for holiday retail sales this year range from a 1% gain […]
Federal regulators should consider ensuring secured creditors face losses when banks fail, the head of the Federal Deposit Insurance Corp. (FDIC) says. However, such an action could make for an even worse credit crunch during periods of financial turmoil and weaken recovery efforts, according to many analysts. Secured creditors, normally protected from losses if a […]
In what is being viewed as a last-ditch effort to avoid filing for protection from its creditors, commercial lender CIT Group Inc. (NYSE: CIT) is offering bondholders a debt exchange, while still preparing for a likely chapter 11 bankruptcy filing. CIT in July raised $3 billion from bondholders to keep afloat after it was denied […]
The worst holiday season since at least 1970 left many retailers – including the now bankrupt Circuit City Stores Inc. (OTC: CCTYQ) – very little to be thankful for last year. But things might be a little bit cheerier this year, once consumers overcome the specter of last year's stock market crash and retailers slink […]