Tuesday, December 7, 2010

DailyMarkets.com - Is The American Express Premier Rewards Gold Card Worth $175 Annual Fee?

DailyMarkets.com - Is The American Express Premier Rewards Gold Card Worth $175 Annual Fee?

Is The American Express Premier Rewards Gold Card Worth $175 Annual Fee?

Posted: 07 Dec 2010 07:35 AM PST

Before applying for this charge card, read this!

Are you someone who spends more than $30,000 a year and likes a rewards card that give you more than 1 point for every $1 spent? The American Express Premier Rewards Gold Card, a fancier version of the American Express Gold Card, gives you up to 3 points for every $1 spent, but this charge card has a slightly higher annual fee than the Gold Card. Is the Premier Rewards Gold Card from American Express (NYSE:AXP) really worth the higher annual … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Repsol: YPF Unit Finds New Gas

Posted: 07 Dec 2010 07:16 AM PST

YPF SA, an Argentine counterpart of Spain's largest integrated oil and gas company Repsol YPF, S.A. (NYSE:REP), has made a major unconventional gas discovery adjacent to the giant Loma da Lata field, as per press reports from Buenos Aires.
Although company officials have not confirmed, the newspaper claimed that YPF hinted as much as 20 trillion cubic feet of natural gas being  present with most of the reserves tied with shale gas and tight gas. While the Argentine government has declared a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Acergy Reaffirms 2010 Guidance

Posted: 07 Dec 2010 07:16 AM PST

Oilfield contractor Acergy S.A. (ACGY) has reaffirmed its 2010 financial guidance. The Norwegian firm maintains that not withstanding some challenging short-term market conditions, it has delivered a strong operational and financial performance throughout the year.
Acergy remains on track to meet its 2010 revenue expectations (anticipated to be in line with 2009), while EBITDA margin is likely to be slightly ahead of the 2009 result. Effective rate of tax is expected to be approximately 35%. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pep Boys’ 3Q Earnings Accelerate

Posted: 07 Dec 2010 07:16 AM PST

12/07/10 Pep Boys announced Monday that its 3Q earnings more than doubled on higher sales of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests Support At Trendline, 100 Day MA

Posted: 07 Dec 2010 07:14 AM PST

The 100 day MA comes in at 1.3337. There is support from a trendline on the hourly at 1.3344. Both are being tested as the EURUSD does an "about face" after earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Tuesday: Cisco, Bank Of America, Citigroup, HSBC, BP, Tesco

Posted: 07 Dec 2010 07:01 AM PST

U.S. stocks fell Monday, snapping a three-day rally in the S&P 500 Index, after Federal Reserve Chairman Ben Bernanke said the world's largest economy may need more stimulus. Bank of America Corp. (NYSE:BAC) slid 1.9% after Nomura Holdings said the lender is at risk of a credit downgrade in 2011. But Cisco Systems (NASDAQ:CSCO) rose 1.9% after Oppenheimer & Co. lifted its rating.

Today investor confidence and risk appetite have been lifted by President Obama's decision to extend … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Broadly Higher After The Open; Dow Jones Up 0.73%

Posted: 07 Dec 2010 06:54 AM PST

Forex Pros – U.S. stocks were broadly higher after the open on Tuesday, as market sentiment was boosted by hopes that Ireland's parliament would approve an austerity budget and after President Obama agreed to extend tax cuts.      

During early U.S. trade, the Dow Jones Industrial Average jumped 0.73%; the S&P 500 index surged 0.84%, while the Nasdaq Composite index soared 0.89%.

On Monday, President Barack Obama said he would agree to extend Bush-era tax … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global Recovery: Still On The Up

Posted: 07 Dec 2010 06:44 AM PST

"Global business sentiment has notched a bit higher in recent weeks. Confidence slumped in the wake of the first round of financial turmoil coming out of Europe in the spring, but has held firm during the current wave of investor angst," according to the results of the latest Survey of Business Confidence of the World by Moody's Economy.com.
Also, "in contrast to the weakness in the U.S. employment report for November, businesses responding to this survey indicate that their hiring … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chanos On The Myth Of China’s Building Boom

Posted: 07 Dec 2010 06:43 AM PST

American hedge fund manager Jim Chanos is outspokenly bearish on China and its construction economy. Chanos is president and founder of Kynikos Associates, a New York City investment company that is focused on short … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Finds Profit Taking Buyers On The Dips

Posted: 07 Dec 2010 06:41 AM PST

The USDJPY has found support at the 82.52 level and is testing the 82.87 level next.  A move above this level should lead to further bullish momentum with the 83.10 and the 83.35 area the next targets.  Risks is for a move below 82.71 at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Must See: “Extremely Volatile” 2011 For China

Posted: 07 Dec 2010 06:39 AM PST

Yang Liu, co-chairman of Atlantis Investment Management, says next year will be a highly volatile for China. She tells CNBC that the following sectors will perform well: consumer goods, commodities, health care, agriculture, hi-tech and alternative … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Edges Higher Ahead Of Irish Budget Vote

Posted: 07 Dec 2010 06:38 AM PST

Forex Pros – The euro edged higher against the pound on Tuesday, rising to a daily high amid hopes that Ireland's parliament would pass an austerity budget, clearing the way for an international bailout package.

EUR/GBP hit 0.8482 during European afternoon trade, the daily high; the pair subsequently consolidated at 0.8470, easing up 0.02%.

The pair was likely to find support at 0.8388, the low of December 2 and resistance at 0.8525, the high of December 3.

Earlier Tuesday, Irish media … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE To Invest In High Speed Rail

Posted: 07 Dec 2010 06:35 AM PST

General Electric Company(NYSE:GE) announced an agreement with CSR Corporation Limited (CSR) to advance high-speed and other rail technologies in the U.S.
The investment is of $50 million with the capacity to create 250 jobs by 2012, at the end of the first phase of the agreement.
The collaboration is aimed at supplying high-speed rail (HSR) passenger trains for the proposed U.S. HSR corridors in Florida and California.
GE is engaging with CSR to make available technologically advanced, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ericsson Selected For Sprint’s Prog.

Posted: 07 Dec 2010 06:35 AM PST

Ericsson (NASDAQ:ERIC) announced that it has been selected as a key equipment and services provider for Sprint’s Network Vision program, to be launched in 2011. The total incremental cost of the program is estimated to be between $4 billion and $5 billion.
The contract which is of five-year duration will entail building a network infrastructure solution for Sprint markets in the central and south east regions of U.S., including Atlanta, Miami, Houston, Kansas City and Dallas.
Ericsson will also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AT&T, AutoZone, Citigroup, Morgan Stanley, Nicor, Salesforce.com Inc

Posted: 07 Dec 2010 06:35 AM PST

 The US government sold off its Citigroup (NYSE:C) stake with a $12 billion gross profit for taxpayers at a price of $4.35 per Citi share, on 2.4 billion shares

 AGL Resources (AGL) announced plans to acquire Nicor (NYSE:GAS) for $8.6 billion total value, or $53 per share

 AT&T’s (NYSE:T) credit rating was cut by S&P

 Morgan Stanley (NYSE:MS) upgraded Salesforce.com (NYSE:CRM) from “equal weight” to “overweight”

 AutoZone (NYSE:AZO) reported better-than-expected fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mark Mobius: Rebalancing The World

Posted: 07 Dec 2010 06:34 AM PST

The paragraphs below come courtesy of Mark Mobius, emerging markets guru and executive chairman of Templeton Asset Management.
It seems we are currently witnessing a largely one-way flow of capital, as money moves from countries of disinflation or deflation to countries with inflation, possibly perpetuating the situation for both. Most developed economies are still mired in slow growth, prompting measures to kick-start their domestic economies such as continued loose monetary policy, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fed Chairman Bernanke On 60 Minutes

Posted: 07 Dec 2010 06:33 AM PST

Fed Chairman Ben Bernanke discusses pressing economic issues, including unemployment, the deficit and the Fed's controversial $600 billion U.S. Treasury Bill purchase.
Click here or on the image below to view the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Drops To 2-day Low As Crude Oil Prices Rally

Posted: 07 Dec 2010 06:21 AM PST

Forex Pros – The U.S. dollar was down against its Canadian counterpart on Tuesday, dropping to a 2-day low as crude oil, Canada's largest export, rallied.

USD/CAD hit 1.0012 during European afternoon trade, the pair's lowest since last Friday; the pair subsequently consolidated at 1.0033, shedding 0.21%.

The pair was likely to find support at 0.9977, the low of November 11 and 1-month low and resistance at 1.0082, Monday's high.

Earlier in the day, crude oil prices jumped 1.85% to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Intraday Support Around 97

Posted: 07 Dec 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Caution

Posted: 07 Dec 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Rebound

Posted: 07 Dec 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Rebound Expected

Posted: 07 Dec 2010 06:19 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Joseph Stiglitz: Globalization & The 21st Century Enlightenment

Posted: 07 Dec 2010 06:18 AM PST

The University of Edinburgh Enlightenment Lecture Series presents "Globalisation & the 21st Century Enlightenment" by Joseph Stiglitz. He shares his theories on how globalisation needs to work for disenfranchised peoples worldwide. His lecture examines themes of global economics for the new millennium and provides a fascinating insight into new economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ulta Surpasses Zacks Estimate

Posted: 07 Dec 2010 06:06 AM PST

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) posted its third-quarter 2010 adjusted earnings of 25 cents per share, which were well ahead of the Zacks Consensus Estimate of 20 cents. Including one-time compensation charges, Ulta Salon recorded a quarterly net income of $14.2 million or 23 cents per share, well above $8.5 million or 14 cents recorded in the year-earlier quarter.
Total revenue in the quarter under review surged 19.4% year over year to $339.2 million. The increase was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lessons For The Young Economist

Posted: 07 Dec 2010 06:06 AM PST

In this video clip Jeffrey Tucker interviews Bob Murphy, author of "Lessons for the Young Economist", at the Ludwig von Mises Institute in Auburn, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Of Canada Leaves Interest Rate Unchanged At 1.00%

Posted: 07 Dec 2010 06:04 AM PST

Forex Pros – The Bank of Canada left its benchmark interest rate unchanged in December, it announced on Tuesday.

In a statement, that bank said it was leaving its overnight cash rate unchanged at 1.00%, broadly in line with expectations.

The accompanying rate statement released after the announcement said, "The recovery in Canada is proceeding at a moderate pace, although economic activity in the second half of 2010 appears slightly weaker than the Bank projected in its October Monetary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Boosted By Additional US Stimulus

Posted: 07 Dec 2010 05:48 AM PST

Forex – EUR/JPY Hits Daily High Ahead Of Irish Austerity Budget

Posted: 07 Dec 2010 05:45 AM PST

Forex Pros – The euro was up against the yen on Tuesday, rising to a daily high, as the single currency was boosted by hopes that Ireland’s austerity budget would be approved, opening the way for a rescue package to shore up the country’s finances.

EUR/JPY hit 110.75 during European afternoon trade, the daily high; the pair subsequently consolidated at 110.66, gaining 0.61%.

The pair was likely to find support at 108.39, the low of December 1 and resistance at 111.76, the high of November … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Patterson-UTI Rig Count Inches Up

Posted: 07 Dec 2010 05:35 AM PST

Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared its November 2010 drill rig count to average at 193, up slightly from 192 in the previous month. The company operated 182 rigs in the U.S. and 11 in Canada in November, compared with 180 rigs in the U.S. and 12 rigs in Canada during October.
Patterson-UTI's activity levels in the U.S. peaked in early October 2008 with a rig count of 275. Since then, till the second quarter of 2009, the company witnessed a steep and rapid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Employment Trends Index Gains In November

Posted: 07 Dec 2010 05:33 AM PST

Yesterday the Conference Board released its latest Employment Trends Index, and reported that the labor market index increased by 1.4 points in November and is now 9.3% above the level a year ago (see chart above).  The Employment Trends Index is a composite of eight labor-market variables and is considered to be a leading indicator for trends in labor market conditions and total nonfarm employment.  In November, 7 of the 8 components improved (Initial Claims for Unemployment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Tax Breaks …

Posted: 07 Dec 2010 05:32 AM PST

South African Recovery Spreads And Deepens

Posted: 07 Dec 2010 05:14 AM PST

By Cees Bruggemans, Chief Economist of FNB.
The first stage of a cyclical upturn is often very difficult to discern, for it tends to start narrowly, with few people benefiting and denial still universal.
Our recovery is now 14 months old, heralded six months in advance by SARB leading indicators vigorously turning up. The initial upturn was, as always, dominated by inventories, something few people see or experience.
That's what happened in 4Q2009 and 1Q2010.
Once inventory effects peter out, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Rivals On Irish Budget Hopes

Posted: 07 Dec 2010 04:45 AM PST

Forex Pros – The U.S. dollar was down against its major counterparts on Tuesday, amid hopes that Ireland’s emergency budget would pass through parliament and clear the way for an EUR85 bailout package.

During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.52% to hit 1.3377.

Earlier in the day, Irish media outlets reported that that the Irish budget was likely to pass by a slim majority.

The greenback was also down against the pound with GBP/USD … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rise In British Pound To Be Short-Lived As Austerity Measures Will Weigh On Growth

Posted: 07 Dec 2010 03:45 AM PST

      

Fundamental Headlines
• Euro Bounces Ahead of Irish Budget Vote – Wall Street Journal
• Australia Keeps Rates Steady – Wall Street Journal
• U.S. Treasury Sells Remaining Citi Shares – Financial Times
•China Outstrips Fed With Liquidity Risking 2011 Inflation Spike- Bloomberg
•EU Rules Out Immediate Aid Boost, Banks on ECB to Fight Crisis – Bloomberg
GBPUSD: Industrial production in the U.K. unexpectedly contracted 0.2 percent in October … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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