From the monthly archives:

June 2010

After staying rangebound for much of Wednesday equity markets tanked in the final hour of trading, pushing the Dow, Nasdaq, and S&P 500 to losses of more than 1% on the day. These losses came after payroll company ADP reported that private companies added just 13,000 jobs in June, far short of the 60,000 that was predicted by a group of economists. This led many investors to sell shares in the final part of the trading session in order to avoid a possible volatile session in Europe tomorrow as the ECB takes out roughly half a trillion dollars in one-year loans from the market. This helped to push the major indexes down more than 10% to finish the quarter, leaving many investors very nervous over what the market holds for the second half of the year. [click to continue…]

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Wednesday was an eventful day for Dow component Boeing (BA), one of the largest global aircraft manufacturers and third largest defense contractor in the world. While the company has seen a lot of bad press in regards to the lengthy delays to its 787 Dreamliner plane, two events early Wednesday look to give the company a positive long-term boost. Boeing reported that it is making an offer for combat engineering firm Argon ST for roughly $775 million in cash, or $34.50 a share for Argon. The move looks to expand Boeing’s electronic intelligence and surveillance business and help the company diversify more into defense and away from aerospace. [click to continue…]

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Three ETFs To Own If Paul Krugman Is Right

by on June 30, 2010 | Updated July 1, 2010

On the surface, the G-20 meeting in Toronto last weekend appeared to be relatively uneventful, especially after a debate on China’s currency policies was effectively canceled by Beijing’s surprising shift. One of the few resolutions to come out of the summit was a pledge by G-20 leaders to cut deficits and bring their respective fiscal […]

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Over the past few years, investors have seen the introduction of ETFs targeting increasingly specific niches. Much of this growth has come in the commodity ETF arena, with many new funds investing in futures contracts in order to provide investors exposure to a specific resource or broad basket. Institutions and individual investors alike have embraced […]

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Among the hardest hit nations by the recent financial crisis was Ireland, which saw its economy crumble as financial markets fell apart in late 2008. The country was the first in the EU to officially enter a recession and has been battling debt troubles, high unemployment, and GDP contraction ever since. However, Ireland was quick […]

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With the advanced economies of the world struggling with rising debt burdens, rising unemployment, and slumping consumer confidence, more and more growth-minded investors have turned their attention to emerging markets in recent years. Thanks to ongoing urbanization and relatively small debt burdens, developing economies have managed to generate positive GDP growth in an environment that […]

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Equity markets fell sharply on Tuesday, as the Dow plunged more than 250 points and finished the day below 9,900. Trading was even worse for the broad benchmarks, as the S&P 500 slumped by 3.1% and the Nasdaq sank by close to 3.9% on the day. The steep drops came after news was released suggesting […]

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The saga of Google in China took another turn today, as the search engine giant announced it had adapted its business plan to meet Beijing’s demands. For the past three months Google has been redirecting Chinese users to the company’s Hong Kong search engine, which is uncensored. The Chinese government lost patience with the automatic […]

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Ever since the days of Mao Zedong and Chiang Kai-shek in the late 40′s and early 50′s, mainland China has had a strained relationship with Taiwan. In recent years, however, the economic ties between the regions have improved considerably. The recent economic crisis, as well as efforts from Taiwan President Ma Ying-jeou, have pushed the […]

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One of the biggest stories of the first half of the year (in the financial world at least) broke early last week, when Beijing announced that it would allow the Chinese currency increased flexibility against the U.S. dollar. The renminbi wasted little time, quickly reaching an exchange rate of 6.79 per greenback, setting a new […]

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One of the stories to dominate the financial headlines in recent months has been the euro’s sharp decline against rival currencies, most notably the U.S. dollar. As worries about the ability of cash-strapped governments to draft and implement harsh austerity measures have intensified, investors have fled euro-denominated assets and sought out markets deemed to be […]

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Equity markets have been very choppy as of late, as traders remain unsure of the market’s direction going into the summer. With details of the financial reform, Gulf oil spill and the recent G-20 summit swirling, uncertainty is running high as the curtain falls on the second quarter. However, recent news on the consumer front […]

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