Tag Archive
Crazy For Junk – US-FOREX.US
Here’s more evidence of risk-taking’s rebirth: Sales of the riskiest, speculative debt has already surpassed last year’s total. Corporations have sold 88 billion in junk bonds worldwide, up from 49.5 billion in 2008, according to data provider Dealogic. The 4.2 billion bond sale by Canadian miner Teck Resources Limited in May is the year’s largest.Telecommunication… »
Consumers Trade Down – US-FOREX.US
Cash-strapped consumers are looking to get the most bang for their buck, forcing retailers to adapt to new spending habits, says Claire Gruppo, co-founder and managing director of investment bank and M&A firm Gruppo, Levey.”People aren’t comfortable paying for brands or an experience if they don’t feel it’s worth it,” Gruppo said, “and the trend… »
Apartment REITS To Buy And Avoid – US-FOREX.US
As real estate companies deluge investors with earnings reports this week and next, RBC analyst Mike Salinsky says a few property owners that specialize in apartment buildings present good opportunities. But investors need to watch out for dividend cuts and stock sales as firms try to raise cash in the recession.While other property companies, especially… »
Stocks Finish Week With Strong Gains – US-FOREX.US
Stocks took another breather on Friday, pausing amid a broad rally that has seen the major indexes gain 11% in the last two weeks. Many U.S. companies have posted better-than-expected second-quarter earnings reports so far. The week’s final session saw drug and energy stocks rise, countered by disappointing results from tech giants like Microsoft and… »
Americans Say No To New Loans – US-FOREX.US
A survey of credit unions found Americans are turning down credit,opting instead to hold on to their cash and pay down existing loans. Since the leaner months of 2008 and early 2009, though credit has become more available, there’s less demand for it. Some of the bigger banks have cut credit lines, but credit unions… »
No Recovery Without Retail – US-FOREX.US
When will people go shopping again? The answer could be more important to the American economy than low interest rates and auto company bailouts. “This engine of growth has played a critical role in nearly every economic recovery in the post-WWII era,” writes Joseph LaVorgna, economist at Deutsche Bank . By that measure, investors had… »
The View From Main Street – US-FOREX.US
After reaching the edge of the abyss six months ago, Wall Street has been slowly recovering, thanks in large part to massive help from the federal government. But Main Street continues to face serious challenges, says the Center for American Progress. That bodes badly for the consumers who will ultimately drive corporate earnings.Family wealth in… »
Loan Losses Mount – US-FOREX.US
Rising unemployment, a shrinking economy and falling home prices have left U.S. consumers increasingly unable or unwilling to pay credit card bills and home equity lines of credit. Though the headline numbers don’t look so bad, the details suggest that financial companies face more and growing credit losses through the second half of the year.On… »
Is The Bond Market Too Optimistic – US-FOREX.US
At the end of last year, the corporate bond market looked boarded up. Some fretted that the lack of access to credit would crush many large corporations. Since March, however, when financial fears hit a peak, the cost of bond market borrowing has dropped and even companies that were struggling with interest payments have been… »