Black Friday, the day after Thanksgiving earmarked as a shopper’s day in paradise, is just nine days away.
Black Friday traditionally marks the day U.S. retailers make enough in sales to put them financially ...
Thursday, November 19, 2009
The Commerce Department announced that U.S. retail sales rose 1.4% in October. Although analysts had anticipated a 1% jump in retail sales, October’s rise is largely due to the turnaround in auto sales. ...
Tuesday, November 17, 2009
In a situation room meeting, President Obama is expected to receive several military proposed plans on how to handle the Afghanistan war. One critical question is whether the U.S. should increase the ...
Thursday, November 12, 2009
Late Saturday evening, the House voted 220-215 for passage of the Democratic leadership's healthcare bill. Now the bill moves to the Senate. But there’s another topic related to spending that will ...
Tuesday, November 10, 2009
Although Fed Chairman Ben Bernanke claims the recession is over, this Friday's unemployment figures are not expected to provide significant encouragement that the U.S. is in recovery mode.
The U.S. ...
Thursday, November 05, 2009
Speaking on NBC’s Meet the Press, Treasury Secretary Timothy Geithner told viewers “encouraging economic signs are emerging.” However, Geithner also admitted the U.S. recovery is choppy ...
Monday, November 02, 2009
Exxon Mobil (XOM:NYSE), the world’s largest publicly traded oil company, reported that profits from July to September dropped 68% to $4.73 billion, or 98 cents per share. The quarterly results ...
Thursday, October 29, 2009
8.
China Shocks Oil Market
(Matching tags: Energy Products,Crude Oil,China Investments,Sandy Franks,Taipan Insider)
This week the big oil companies – Conoco, Chevron, and Exxon – will report earnings. Crude prices, which rose to $82 last week, fell as investors voiced doubts about the strength of the global ...
Tuesday, October 27, 2009
U.S. stocks look like they are headed down this morning. Stock futures ahead of Thursday's opening bell are set to head lower.
The downturn comes on news of more corporate earnings. Internet auction ...
Thursday, October 22, 2009
This week all eyes will be on four important housing statistics: Homebuilder sentiment, housing starts, prices and resale activity. As a reminder, both single-family starts and existing home sales ...
Tuesday, October 20, 2009
Yesterday, the Dow briefly touched the 10,000 mark, helped by “better than expected” earnings reports. The S&P 500 increased 1.4% to 1,087.
CNN Money reports that JPMorgan Chase (JPM:NYSE) said ...
Thursday, October 15, 2009
As it came time for earnings reports from major companies, most investors and analysts wondered whether the recent rally we’ve experienced could continue.
Stocks rose last week after aluminum ...
Tuesday, October 13, 2009
The rally we’ve experienced since March could be coming to an end especially as earnings announcements come out this week.
AOL News reports that during the second quarter, companies largely ...
Thursday, October 08, 2009
This week the markets await earnings reports. But we may already see signs of good news coming from the financial sector.
According to FierceFinance.com, Bank of America (BAC:NYSE) and Goldman Sachs ...
Tuesday, October 06, 2009
Headlines earlier this week were about new mergers and acquisitions coming down the pike, including drugmaker Abbot Laboratories buying up Solvay for $6.6 billion in cash and Xerox Corporation buying ...
Thursday, October 01, 2009
As we reported yesterday in our article “Merger Monday,” mergers and acquisitions are dominating this week’s news headlines. Drugmaker Abbot Laboratories (ABT:NYSE) is expected to announce it will buy ...
Tuesday, September 29, 2009
For the past few days, the local Baltimore news shows aired almost non-stop coverage of a 6-foot-widewater main that broke and flooded nearby neighborhoods. Roughly 800 customers were without power and ...
Thursday, September 24, 2009
18.
U.S. Trade War
(Matching tags: G-20,Auto Industry,Taipan Insider,China Investments,Sandy Franks)
G-20 leaders are gathering in Pittsburgh this week to address the global financial crisis, climate control, and whether it is time for countries such as Japan and Germany to pull back on their stimulus ...
Thursday, September 24, 2009
Robert Zoellick, president of the World Bank, urged leaders attending the G-20 meetings in Pittsburgh this week to set “an ambitious agenda for responsible globalization.”
Zoellick urged ...
Tuesday, September 22, 2009
20.
Platinum Prices Increase
(Matching tags: Precious Metals,Platinum,U.S. Dollar,Mining Industry,South Africa Investments,Taipan Insider,Sandy Franks)
Investors and analysts are still concerned about the dollar. In fact, just recently Citigroup raised its platinum price forecasts for 2009 and 2010, saying “a rocky outlook for the dollar and ...
Thursday, September 10, 2009
21.
Precious Metals Rally
(Matching tags: Taipan Insider,Sandy Franks,Precious Metals,Silver Investment,Gold Investments)
Precious metals are on a rally. Earlier this morning gold futures broke the $1,000 mark. According to MarketWatch, “gold for December delivery, the most active contract, hit an intraday ...
Tuesday, September 08, 2009
The gains we’ve seen in the U.S. equities markets can be attributed to numerous factors, including: failure of a plan to overhaul the U.S. healthcare system, gains in commodities (crude oil in particular), ...
Thursday, August 27, 2009
International stock markets jumped higher this week on upbeat comments from the Federal Reserve's chairman Ben Bernanke.
IBT Commodities reports that at the annual central bankers symposium, “Bernanke ...
Tuesday, August 25, 2009
As crude oil fell in price, the U.S. dollar gained strength against the euro. The dollar traded at $1.4137 per euro, up from $1.4183 earlier last week. In fact, days after hitting its lows for the year ...
Tuesday, August 11, 2009
The Obama administration has been saying the U.S. is headed toward recovery thanks to the economic stimulus plan his administration put in place. In fact, according to The Boston Globe, Vice President ...
Thursday, August 06, 2009
Much of the media has been focused on signs that the U.S. is headed toward recovery from what has been the worst recession in years.
According to a recent article in SeekingAlpha, the downturn in the ...
Tuesday, August 04, 2009
If you take a look at Fortune Magazine’s list of the top 500 global companies, you’ll see that the United States dominates the list with 140 companies.
That means that nearly 30% of the companies ...
Thursday, July 30, 2009
This week, the media is focused on the U.S. and China as the two countries kick off a series of high-level discussions that will focus on Beijing’s unease about U.S. Treasury bonds and Washington’s desire ...
Tuesday, July 28, 2009
Forbes.com reports this week that “gold has held above $900 an ounce but lost nearly $20 to reach a two-month low last week. The yellow metal was weighed down by deflation fears and broad-based ...
Thursday, July 16, 2009
This week U.S. President Barack Obama is meeting with Russia’s president, Dmitry Medvedev. Many political experts anticipate the meetings will set the tone on how the two countries will unify their ...
Tuesday, July 07, 2009
According to the International Telecommunication Union (ITU), demand for cell phone technology will stay strong, especially in emerging economies such as China and India.
The ITU report, which recently ...
Thursday, July 02, 2009
While China continues to voice concern over the U.S. dollar, other countries are getting a boost from the country’s need to fulfill its internal consumer demand.
Last year, China and New Zealand reached ...
Tuesday, June 30, 2009
The U.S. Treasury announced it would auction off $104 billion worth of bonds. According to CNBC, “The sales will exceed the previous record of $101 billion set in auctions that took place in the ...
Friday, June 19, 2009
The Wall Street Journal reports that the FDIC is pushing for a shake-up of Citigroup’s top management. The FDIC’s under chairman, Sheila Bair, is also pressing regulators to lower the government’s ...
Friday, June 05, 2009
U.S. President Barack Obama gave what many called his “most important” speech to the Muslim world at the University of Cairo.
In his speech, Obama called for a new beginning for the U.S. and Muslim ...
Thursday, June 04, 2009
Earlier today, Morgan Stanley (MS:NYSE) announced plans to raise $2.2 billion to repay borrowed money from the government. Morgan will sell common shares, “some of which would be acquired by existing ...
Tuesday, June 02, 2009
Yesterday, auto giant General Motors (GM:NYSE) filed for bankruptcy. Today the company announced it had reached a deal to sell its large line of Hummer trucks.
GM did not disclose the buyer’s name ...
Tuesday, June 02, 2009
General Motors Corp. (GM:NYSE), who reigned as the world’s largest automaker for 77 years, filed for bankruptcy this morning. GM's bankruptcy filing is the fourth largest in U.S. history and the largest ...
Monday, June 01, 2009
Although the market rallied earlier this week on news of a spike in consumer confidence, major retailers are still struggling to hold onto sales and profits.
For example, Costco Wholesale Corp. (COST:NASDAQ) ...
Thursday, May 28, 2009
GM Close to Bankruptcy
Bankruptcy Looms for GM As Bond Holders Reject Offer
A Taipan Publishing Group Market News Article By Sandy Franks , Executive Publisher, Taipan Publishing Group
Yesterday the ...
Wednesday, May 27, 2009
North Korea's weekend nuclear testing has injected fear into investors. Already world stock markets fell Tuesday morning. In European afternoon trading in Germany's DAX 30 was 1.4% lower and Britain's ...
Tuesday, May 26, 2009
Edward Liddy, who was asked by Henry Paulson, former Secretary of the Treasury, to take over the ruined insurance company AIG (AIG:NYSE), is now stepping down.
According to Bloomberg, Liddy feels it ...
Friday, May 22, 2009
Standard and Poor’s is moving to downgrade the United Kingdom’s credit rating. The agency cited the potential that the government’s debt may equal the country's output. The worse a country's credit ...
Thursday, May 21, 2009
Seems like Apple Computer (AAPL:NASDAQ) can do no wrong. While global handset sales fell at a record pace, Apple’s touchscreen iPhone defied expectations.
In general, smartphone sales increased 12.7% ...
Wednesday, May 20, 2009
The Home Depot (HD:NYSE), the country’s largest home improvement retailer, surprised analysts on Wall Street by beating earnings expectations in the first quarter of this year.
The company earned ...
Tuesday, May 19, 2009
46.
Loan Growth in China
(Matching tags: Currency Investments,Sandy Franks,China Investments,Taipan Insider)
Chinese banks are pumping enormous amounts of liquidity into the economy, extending 5.17 trillion yuan ($757.9 million) of new loans in the first four months of 2009, more than in all of last year. ...
Tuesday, May 19, 2009
Bank of America (BAC:NYSE) announced it will sell a third of its 16.7% stake in China Construction Bank (0939:Hong Kong) to a group of Asian funds for $7.3 billion.
That’s about 13.5 billion shares, ...
Tuesday, May 12, 2009
The results of the government-mandated stress tests on the 19 biggest banks in the United States show that only three banks will not have to raise capital.
“Capital One Financial Corp., U.S. Bancorp ...
Monday, May 11, 2009
Gold has climbed for the fourth day in a row today, as the European Central Bank slashes rates to the lowest in its 10-year history.
This latest rise puts gold at the highest it’s been in a month, reports ...
Thursday, May 07, 2009
The Obama administration has been pushing for firmer tax avoidance regulations since language in his February budget blueprint suggested a crackdown on “U.S.-based multinational corporations” who park ...
Monday, May 04, 2009
