Volkswagen AG (PINK: VLKAF), PSA Peugeot Citroen SA (OTC ADR: PEUGY), and Fiat SPA (OTC ADR: FIATY) beat earnings estimates in the last week. At the same time, however, Ford Motor Co. (F), one of the largest industrial companies in America, missed earnings estimates. By a lot.
The future of Fannie Mae (FNM) and Freddie Mac (FRE) remains uncertain, but Treasury Secretary Henry Paulson continues to go to bat for the struggling mortgage titans that together secure half of the $12 trillion U.S. mortgage market.
Q: As a newcomer to the stock market, I hear a lot about such companies as Caterpillar Inc. (CAT), Deere & Co. (DE), Komatsu Ltd. (OTC ADR: KMTUY), and others. Yet not much is said about Cummins Inc. (CMI). Do you have any insight, as I own about 2,000 shares?
We can almost hear that ominous Jaws theme music in the background, says Keith Fitz-Gerald in Money Morning. Secret stock exchanges known as “Dark Pools of Liquidity,” “Dark Liquidity,” or just “Dark Pools” are attracting increased attention. Most people have never heard of them. But they could have a big impact on your investments…
When I coined the term “global synchronic growth” a few years back, I must have had ABB Ltd. (ADR: ABB) in mind. Global synchronic growth is the simultaneous expansion of most of the major economic zones around the world, which spurs investment and creates vast amounts of wealth.
After the global financial industry shed $403 billion in write-downs, European banks are finally turning a corner and boosting their share prices.
German giant Deustche Bank AG (UBS) both declared they would not need to raise further capital yesterday (Wednesday) as the bulk of losses tied to mortgage-backed securities is now behind them.
“At first glance
European stocks were gutted yesterday (Thursday) as banks took heavy losses in the face of more hawkish inflation comments from European Central Bank (ECB) President Jean-Claude Trichet that put pressure on already struggling financials.
The Dow Jones Stoxx 600 closed down 2.6% to 288.48, the worst finish for the Eurozone index since October 2005.
The FTSEurofirst 300 had a 2.5% drop, to close at 1,197.02 points, its largest one-day percentage drop since mid-March, Reuters reported.
Economists and investors wait with bated breath for the U.S. Federal Reserve to release the statement from the Federal Open Market Committee this afternoon (Wednesday) at 2:15 p.m. EDT.
While it is almost universally expected that the FOMC will vote to hold the Federal Funds rate steady at its current 2.0%, the language in the accompanying statement will be scrutinized for clues about the upcoming August and September meetings.
At times, you can tell a country by the company it keeps. Indonesia just announced it plans to leave the Organization of the Petroleum Exporting Countries (OPEC), the infamous cartel that tries to push our oil prices through the roof.
The chief executive officer of HSBC Holdings PLC (ADR:
