Sponsored Link:

Global Investing Roundups

Icahn’s Yahoo Victory; XM Gains Listeners; Gloomy Economic Outlook; Crude Gains on Tropical/Political Storms; Hasbro Beats Expectations; Corn Cut Down; Goldman Banker Summoned by Paulson; Union Asks Citi to Break Up Operations

  • The Conference Board’s index of leading economic indicators slipped 0.1% in June, MarketWatch reported. "The domestic economy is showing no sign of strength," said Ken Goldstein, labor economist at the Conference Board. "The deep financial crisis, a prolonged, intense slump in housing, high gasoline and food prices, weak consumer confidence and a weak dollar are all combining to produce unrelenting downward pressure on economic activity."
  • Crude oil for August delivery gained $2.32 to close at $131.20 on the New York Mercantile Exchange on news of a possible hurricane and continued political tensions with Iran. "We’re watching Tropical Storm Dolly because of the strong possibility that it will strengthen and head into the Gulf," Tom Bentz, a broker at BNP Paribas SA (OTC ADR: BNPQY) in New York, told Bloomberg News. "The meeting with Iran ended in a stalemate. There were hopes that tensions might subside, instead they are being cranked up.”
  • Toymaker Hasbro Inc. (HAS) said yesterday (Monday) that second-quarter profit rose to $37.5 million, or 25 cents per share, from $4.8 million, or 3 cents per share, a year earlier. Sales jumped 13% to $784.3 million from $691.4 million. Analysts expected sales of $675.4 million, the Associated Press reported. North American sales rose 11% and international sales were up 15%.
  • Corn prices sank to a seven-week low yesterday (Monday) after crops continued to rebound from last month’s flooding, an indication that some relief may be on the way for consumers who are facing higher prices for meat, dairy and other foods. December corn prices fell 17.5 cents to $6.11 a bushel on the Chicago Board of Trade, after earlier falling to $6.03, the lowest since May 29, the Associated Press reported. Corn has plunged about 20% in the last month.

July 22nd, 2008

Peter Schiff: Why this Money Should Replace the U.S. Dollar

There’s a new universal currency, backed by solid gold. You can use it to make online purchases anywhere in the world. Converting some money to the new currency takes just 5 minutes. You can start with as little as $10… or as much as $10 million.

According to CNBC star analyst and Euro Pacific Capital President Peter Schiff, this money could double the value of your savings – automatically – in just 6-9 months.

For Schiff’s full analysis and recommendations, please go here.




This entry was posted on Tuesday, July 22nd, 2008 at 12:01 am and is filed under Global Business Roundup, Global Roundup. You can follow any responses to this entry through the RSS 2.0 feed. Due to the amount of comments we receive Money Morning will not be able to respond to all questions. If you have not already registered to leave a comment, once doing so you will receive Money Morning's Daily Email. Responses are currently closed, but you can trackback from your own site.