Hot Penny Stocks

Much to Mr. Smith’s frustration, and my bank’s delight, I’m a huge fan of internet shopping. But as I constantly remind him, the hours I spend shopping online are the hours I save him in a shopping centre. Firstly, you have the sheer convenience of shopping from your work, or from home in the comfort [...]

The S&P/ASX 200 ended the day higher by 21 points to 4,722.60. Yesterday, housing approval data for September showed a 6.6% drop, with the biggest decline coming from Victoria. The Dow Jones Industrial Average closed higher by 26 points to 11,215.13. The Federal Reserve Bank finally confirmed the worst kept secret on Wall Street, which [...]

Poor old Paul Bloxham, chief economist at HSBC Australia. In the space of a few days he’s gone from being premium foie gras to plain old chopped liver. From being the toast of the town to just vegemite on toast. Last month you could barely turn the pages of the business press or avoid an [...]

The S&P/ASX 200 was higher by 36 points to end the day at 4,698.00. The Reserve Bank of Australia surprised some yesterday by increasing interest rates 25 basis points to 4.75%. The Dow Jones Industrial Average added 64 points to close at 11,188.70. Last night, Federal Reserve members met for November, and the market is [...]

Last week, we took a quick look at how the coffee bean shortage was affecting your morning – or afternoon – coffee. Today we’re going to take a look at another commodity currently facing a shortage. You would consume, and possibly use this item every day and yet have no idea of the importance it [...]

Yesterday, the S&P/ASX 200 ended the down by 39 points to 4,648.10. The consumer price index (CPI) grew 0.7% for the September quarter, slightly less than the 0.8% predicted. The increase brings the annual inflation rate to 2.8% which is still in line with the RBA’s target inflation rate. The Dow Jones Industrial Average closed [...]

The S&P/ASX200 was lower by 22 points, ending the day at 4,687.80. Due out today is the consumer price index (CPI) figures for September. Some are predicting that the index will rise 0.9%, which would still leave annual inflation just within the RBA’s 2% – 3% target range. The Dow Jones Industrial Average managed to [...]

The world is full of coincidences. Within minutes of yesterday’s Money Morning hitting the newsstands we received a reply from the Reserve Bank of Australia (RBA). You’ll recall that yesterday we told you about an email we’d sent to the RBA on Tuesday asking why the ‘Three Cobbers’ – Mr. Corbett, Mr Kraehe, and Mr. [...]

“They love me… they love me not… they love me…” The poor old Aussie dollar. Or as Heidi Klum tells the contestants each week on Project Runway: “One day you’re in. And the next day you’re out.” Not that we watch it of course [cough], it’s, erm, just on in the background… the missus watches [...]

“Slablam!” as our buddy Scott from North Carolina would put it. The Dow(n) Jones Industrial Average dropped 1.48% last night, while the tech-heavy Nasdaq got whacked for a 1.76%. “Double slablam!” as your editor said while eating our Kellogg’s All Bran after reading the following news story on Bloomberg News: “Pimco, NY Fed said to [...]