After Fridays losses Wall Street began to climb as investors attempt to predict weather a worsening housing market will persuade the Federal Reserve to lower interest rates yet again.”Anticipation of another Fed rate cut is the main magnet in the market today,” said Alfred E. Goldman, chief market strategist at A.G. Edwards & Sons Inc. [...]
Do you know how to use your money? Who gives you advices on what you should do with your money? Is it your friend who is currently driving his BMW? You have to remember that not because your friend drives a very luxurious car means he is already financially successful because most probably, your friend [...]
Auto sales are suppose to be higher then last year in Canada which for a market that thought the auto industry was falling out on them it has regained some of it’s composure. The Canadian automakers will sell roughly 1.645 million cars and light trucks in Canada in 2008 which is higher then the projected [...]
Bombardier released there annual profit reports recently and announced that they had pulled in a profit of US$317M dollars in 2007 which is an increase of 18% from 2006. These results are from both their aircraft and rail divisions which are having huge results. Revenue for the year was also up 18% which makes it [...]
The stock market got a boost from recent economic news in regards to jobs and unemployment. The upswing of the market came as news of a lower unemployment rate and new jobs hit the media. This gives a better idea of the state of the economy in recent times. The news is good. The unemployment [...]
The recent stock market crisis has caused a panic with U.S. investors. With fears of a recession, the stocks have violently seesawed with gains and losses vying for control. The recent news of J.P. Morgan’s bailout of Bears seemed at first to destabilize the market. Then it stabilized with the news that the unemployment rate [...]
The recent bail out of Bears Stearns bank by J.P. Morgan and the Feds reminds us of the 1907 panic. At that time, banks were looming on the brink of failure. Flash forward to present time. It is as if history is repeating itself all over again. With the current financial failure of Bears Stearns [...]