Archive for November, 2007
Wednesday, November 28th, 2007
Investors just love rate cuts by the Fed. They seem to be making more and more of their decisions based on whether the Fed will lower interest rates again. The thought is that the rate decreases will allow the beleaguered consumer to breathe again. This newfound feeling ...
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Wednesday, November 28th, 2007
Up until now Wells Fargo has dodged a bullet with the sub-prime credit crisis. But their luck finally ran out, as it has for everyone who dipped into that pool of "less than perfect credit" loans. The bank has been hit hard, in particular, by the California market, ...
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Tuesday, November 27th, 2007
Americans just got a bit poorer in the last three months as home prices dropped 4.5%. This trend has been expected and continues to confound anyone who wants to be optimistic about the economy.
U.S. home prices fell 4.5 percent in the third quarter from a year earlier, ...
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Monday, November 26th, 2007
Richard Branson is everywhere, all the time. Here he is, leading takeover talks with troubled British Lender Northern Rock. The Virgin group plans on taking over Northern Rock by assuming their rather massive obligations.
Virgin, which wants to re-brand Northern Rock as part of Virgin Money business, says its ...
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Monday, November 19th, 2007
There seems to be a sense of gloom and doom for traders during this holiday week. The banking sector did nothing to cheer anyone up, and the news coming from home builders will most likely not be good. These feelings are having an affect on momentum.
Setting the ...
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Tuesday, November 13th, 2007
Wal-Mart reported better than expected earnings, so the investors of Wall Street felt upbeat upon hearing the news.
Investors also were pleased when Wal-Mart, the world's largest retailer, reported third-quarter profit surpassed projections and hinted that consumer spending might be stronger than anticipated this holiday shopping season. The results ...
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Friday, November 9th, 2007
The bad news is that the rising costs of oil doesn't just affect what we pay at the pump. Since all products have to be shipped in some part to final destinations, we will be paying more for virtually every product out there.
Oil affects everything from top ...
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Thursday, November 8th, 2007
Fed Chairman Ben Bernanke has a tough job. He has to try and stave off inflation while attempting to stoke the fires of the US commerce engine. So far he's done a decent job, but people are counting on him to fix problems that he's not truly responsible ...
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Wednesday, November 7th, 2007
Talk about the type of numbers investors don't want to see: GM has reported a quarterly loss of $39 billion! The loss is related to certain tax charges, and is much bigger than what analysts expected.
The loss was attributed to a $38.6 billion noncash charge largely related to ...
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Tuesday, November 6th, 2007
If you didn't know better, you'd begin to think there really was an impending oil crisis that is forcing prices sky high. Demand is rising for gas, and so is the price, as crude oil reaches $97 per barrel.
At the pump, meanwhile, gas prices continued to rise, following oil's ...
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