NYSE
Long-term Investment with ETFs
Beating inflation is an important factor to become a successful investor. In the tougher economic conditions in the final quarter of 2007 through into 2008 Central Banks, retail banks, equity brokers and the worlds top exchanges are feeling the squeeze. High street retailers in the UK and US are under pressure as the price of [...]
General Electric Earnings Lower Than Expected
General Electric [GE] released it’s first quarter earnings data today. The earnings figures came out worse than expected which had a knock-on effect on the US dollar.
General Electrics share price fell over 11 percent today after the data was released.
GE blamed falling profits at its financial services businesses for the poor earning report.
The EURUSD pairing [...]
GM Performing Outside The USA
GM (GM:NYQ) announced losses of $1.5bn last year in the US; the CEO Rick Wagoner revealed profits of $744 million in far east countries including China and India.
GM was organised as a company one hundred years ago in 1908, yet GM didn’t reach the Chinese market until 1992. This shows a sharp growth in a [...]
US Tech Stocks To Watch
Despite marked declines in the US Economy, the credit crunch crisis and poor performance on Wall Street, a number of Tech stocks have gone against the tide by performing well during these troubled times.
Forbes has a list of America’s 25 Fastest-Growing Tech Companies, with a breakdown of performances for each. The list is made up [...]
$39bn Bonus On Wall Street Despite Losses
In 2007 the five biggest Wall Street banks gave out a record $39bn in bonuses, according to Bloomberg.
The banks announced record losses and write-offs in the fourth quarter of 2007.
This trend has continued into 2008 with announcements of further losses by Citigroup and Merrill Lynch.
Despite dismal results and a distinct lack of profits in 2007, [...]
Merrill Lynch Not So Bullish
After Citigroup announced large write-downs earlier this week, Wall Street investment bank Merrill Lynch has announced further write-downs exceeding expectations.
In November Merril Lynch CEO Stanley O’Neal left the company after the investment bank made losses in excess of $2bn. Today the bank announced record losses after writing down $15bn. The company lost almost half of [...]
