China building up a position in BP
A Chinese sovereign wealth fund is at it again, now buying a stake in BP, the UK’s largest corporation. However, this was neither good nor bad news for BP, which welcomed shareholders of any kind.
The lure of other oil companies
The Chinese government has also taken a stake in Total SA, which is the third [...]
Wall Street Rumors - April 18, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Citigroup Swings to Loss On Hefty Write-Downs
Citigroup Inc. (NYSE:C) posted a second-straight quarterly loss Friday, as the largest U.S. bank by assets booked at least $13.9 billion in write-downs stemming from its rush of risk-taking ahead of the credit crisis and [...]
Put Some Real Estate in Your IRA or 401K
It was a case of the wolves guarding the sheep. In the 1970’s when the U.S. congress was trying to develop a program to increase personal savings, the investment industry was asked to help draw up the plans. Out of those meetings emerged the Individual Retirement Account (IRA). As we all know, they allow certain [...]
How to Make a Bonus Selling Your Stock
You’re going to like this. After reading this article, you will be able to make a premium on the stock you sell.
Normally, when you want to sell stock you own you either pick up the phone and call your broker or go online and enter the sale. Either way, it’s quick and easy and has [...]
Wall Street Rumors - April 17, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Merrill Lynch Swings to a Loss, Plans to Cut Another 4,000 Jobs
Merrill Lynch & Co. (NYSE:MER) posted its third consecutive quarterly loss Thursday and said it is cutting 4,000 jobs, as damage from a poorly managed plunge into risky credit-market activities [...]
GE profits hurt Japanese stocks
Electronic producer General Electric and a downgrade of computer component and printing manufacturer Canon led to lower stock prices in Japan this week.
General Electric earnings report brought on a 13% drop in share price, the biggest drop since the stock market crash of 1987.
The company faced huge write downs on its credit holdings, namely [...]
Emerging Markets at the Tilting Point
For the past decade or so Emerging Markets have gained in popularity as the economic effects of globalization spreads and sets roots. Nobody voted for it but it is a natural evolution of what economists call “rent seeking”-looking for profits. Some might make the case that if the vast population of our species wasn’t able [...]
Chinese inflation at record highs
The developing middle class, food, and metal prices - and an attempt to keep the renminbi at a modest value - has sent Chinese inflation to new highs from last February. This growth in consumer costs and money supply has sent Chinese markets up, still out-pacing the inflation statistics.
Food prices
The increase in food prices [...]
Wall Street Rumors - April 16, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Earnings Slump at J.P. Morgan, And Continued Stress Is Expected
J.P. Morgan Chase & Co. (NYSE:JPM) on Wednesday posted a 50% drop in first-quarter net income as it marked down $2.6 billion in leveraged lending and mortgages and quadrupled its credit-loss provision.
Banks [...]
Consider ETFs
Did you know there are close to 15,000 mutual funds? I guess it’s not too surprising because mutual funds usually make up at least a portion of most portfolios. They offer inexpensive diversification for small and large investors alike. But something is wrong with this once trusty investment vehicle. You see, last year only 25% [...]
