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Obama’s Plan to Eliminate 121 Federal Programs Faces Significant Opposition
President Barack Obama sent lawmakers a budget package today (Thursday) that proposes to shrink or eliminate 121 federal programs and save almost $17 billion in the…
8May2009 | Money Morning | 0 comments | ContinuedWarren Buffett Looking For Bargain Prices Despite 2008 Setback
Famed investor Warren Buffett didn’t fare much better than anybody else in 2008. But the Oracle of Omaha remains optimistic, convinced that investors who brave…
12Feb2009 | Money Morning | 0 comments | ContinuedFederal Government Grants AIG a New Bailout Package
American International Group Inc. (AIG) got a $150 billion government rescue package – almost double the initial bailout deal of less than two months ago and the…
11Nov2008 | Money Morning | 0 comments | ContinuedCommodity Prices Sinking to 52-Year Low
Commodity prices are bracing for their worst month in 52 years as global demand continues to slide.
The Reuters/Jefferies CRB Index – a measure of…
3Nov2008 | Money Morning | Comments Off | ContinuedBernanke’s Stimulus Support Sends U.S. Stocks Soaring
U.S. markets soared yesterday (Monday) after U.S. Federal Reserve Chairman Ben S. Bernanke endorsed another domestic stimulus package, sending the Dow Jones Industrial Average to its…
21Oct2008 | Money Morning | Comments Off | ContinuedTemporary Litigation Halt as Citigroup and Wells Fargo Continue to Vie for Wachovia
After a day of dueling lawsuits yesterday (Monday), all parties agreed to halt litigation for two days as Citigroup Inc. (C) and Wells Fargo &…
7Oct2008 | Money Morning | Comments Off | ContinuedFive Reasons Why the $700 Billion Banking Bailout Will Translate into $250 Oil
I’ve been predicting record oil prices for a number of years now, so when crude oil prices recently plunged from their record highs, I warned investors…
1Oct2008 | Money Morning | Comments Off | ContinuedU.S. Government Takes Control of Ailing Mortgage Giants Fannie Mae and Freddie Mac
In what could prove to be the biggest federal bailout in U.S. history, the federal government will take control of mortgage giants Fannie Mae (FNM) and Freddie…
8Sep2008 | Money Morning | Comments Off | ContinuedFed Signals Next Move Will be a Hike in Rates, But Timing Remains Uncertain
The next move from the U.S. Federal Reserve will be to increase the Federal Funds rate, although the timing of that hike remains to be…
27Aug2008 | Money Morning | 1 comment | ContinuedChina’s Economy Looks to Rebound After Lackluster Olympics
Despite a flood of investment leading up to the 2008 Olympic Games, economic conditions in China have been on the decline for the entire month…
25Aug2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
GM Pins Hopes on Cruze; GameStop’s Worried Outlook; New Car-Parts Leader; U.K.’s Retail Sale Surprise; Oil Bounces Back; Is Lehman a Takeover Target?; Jobless Claims…
22Aug2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Target Misses the Mark; General Dynamics Broadens Horizons; Chavez Bounces Cemex; Manchester United Scores with Saudi Deal; Lacker Lobbies for Rate Hike; Carlyle Group Chair…
20Aug2008 | Money Morning | Comments Off | ContinuedMultinational Corporations Step up the Search for the “Next China”
As far as foreign direct investment in Asia is concerned, China is still the undisputed leader, drawing approximately $42.78 billion in just the first five…
20Jun2008 | Money Morning | Comments Off | ContinuedChina’s Export Machine Shifts Into High Gear, Even as U.S. Market Decelerates
China’s exports advanced at a 28% pace in May, despite growing economic turbulence in the United States and Europe, underscoring yet again that the Asian…
12Jun2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Gazprom Sees $250 Oil; Kenya Goes on $25 billion Spree; Vietnam Jacks Interest Rates to 14%; Oil Demand Slowing; U.S. Trade Gap Widens; Brazilian SWF;…
11Jun2008 | Money Morning | Comments Off | ContinuedLehman Brothers Raises Capital After $2.8 Billion Quarterly Loss
Lehman Brothers Holdings Inc. (LEH) was forced to raise fresh capital yesterday (Monday), evidence that the subprime-fueled credit crisis is still far from over.
“I am very disappointed…
10Jun2008 | Money Morning | Comments Off | Continued
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