All Posts Tagged With: "Jason Simpkins"
New Natural Gas Discoveries are a Boon for the U.S. Energy Sector
After declining for 15 years, U.S. natural gas production is finally on the rise, thanks to new technological developments that make it possible to draw large amounts of gas from deposits previously thought to be unreachable. An increase in natural gas production of the magnitude many industry insiders predict could do wonders for business, the environment and even U.S. energy independence.
Berkshire Hathaway’s Mystery $3.5bn Spending Spree
With the stock market in turmoil, it’s a good time to check in on what Warren Buffett is doing with his portfolio. Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A, BRK.B) has struggled in the first half of the year. Money Morning’s Jason Simpkins says $3.5 billion of Berkshire’s recent $4-billion shopping spree is still unaccounted for…
LIBOR Indicates Credit Crisis Deepening as 2008 Draws to a Close
The rate at which banks lend to each other hit its highest level in two months last week, and may soon approach record levels established last year – an indication that the credit crisis is far from over.
Chinese Slowdown Could Prompt $58bn Stimulus Package
The Chinese economy is showing signs of a slowdown, says Jason Simpkins in Money Morning. And despite the hype of the Olympic games, the Shanghai Stock Exchange is tumbling. Given the size of the economy, China needs to grow at over 8% annually to create enough jobs. This means a rumored $58-billion government-sponsored stimulus package looks more and more likely…
China and Iraq Finalize Oil Contract As Oil Majors Waver
China and Iraq will sign a deal next week to develop the Ahdab oil field, 100 miles southeast of Baghdad. The move comes at time when political gridlock and security concerns have cast doubt over several pending short-term contracts, says Jason Simpkins in Money Morning.
Citi Denies Shopping Stake in HDFC
Ajay Banga, Citigroup Inc.’s (C) Asia-Pacific chief, said yesterday that his company would not sell its stake in India’s Housing Development Finance Corp. (HDFC), but did not comment on reports that the largest U.S. bank is about to sell its back-office unit to Tata Consultancy Services Ltd. (TCS). “India is a very critical growth market for Citi,” Banga told India’s Mint in an interview published yesterday. “We have been retaining profits locally and investing in India. We have also moved capital to India where necessary.”
China to Prioritize Growth Over Inflation
Even the world’s fastest growing large economy is spooked by the global downturn.
EA Drops Hostile Bid for Take-Two but a Friendly Deal Could be Imminent
OPEC Cuts Could Send Oil Climbing Again
The story is simple. After reaching record highs at the end of July, crude oil prices have come crashing back down to earth because of slowing global economic growth. The commodities ‘bubble’ is over. The risk of catastrophic global inflation has been averted.
Jason Simpkins in Money Morning disagrees. He says the crude-oil sell-off that sparked a stock-market rally over the last four weeks may not last.
What Big Media has failed to notice is that OPEC is already gearing up to cut production….
Soaring Consumer Prices and Mounting Foreclosures Threaten 2008 Economic Growth
Consumer prices rose sharply in July even as home foreclosures spiked, making it increasingly likely the economy will stall in the year’s last half under the weight of soaring unemployment, declining home values and accelerating inflation.
Latest News
- Base Metals Move Higher10:49pm CDT
- Crude Pushes Higher as Gustav Threatens Gulf10:46pm CDT
- Dollar Drops10:42pm CDT
- Precious Metals Uncertain10:38pm CDT
- FDIC Braces for More Bank Failures, Expands Offices4:32pm CDT
- Global Investing Roundups Thursday, August 28th, 20083:16pm CDT
- Dow’s (DJI) Earnings Slump Will Lead to More Inflationary Policies3:10pm CDT
- Chrysler Considers Sale of Gas-Guzzling Viper1:10pm CDT
- Look Deeper Into Housing Numbers And You Will See A Different Picture1:04pm CDT
- Bank Failures Could Mean 79% Gains on XLF December 20 Puts9:32am CDT
- Vangard Wellington (VLEX) Is a Great Bear Market Play7:29am CDT
- Why AIG (AIG) Is a Bargain and Ford (F) Is Not6:36am CDT
- Resource Stock Roundup Wednesday August 27, 20084:24pm CDT
- Base Metals Plummet, Weakness in Europe Suggests Recession is Spreading2:58pm CDT
- Dollar Strengthens, Weak German Data Send Euro Lower2:47pm CDT
- Crude Rises, threat of Hurricane Gustav to Gulf Facilities Drives Market2:41pm CDT
- Gold Erases Big Early Losses, Posts Small Gain2:20pm CDT
- Fed Signals Rate Hike for Next Move, But Timing Uncertain12:24pm CDT
- 2 ETFs and 4 Mining Stocks to Profit from $1,500 Gold11:34am CDT