General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old iconic car major which has been one of the most visible symbols of American capitalism and economic might into uncharted waters of nationalization or government ownership. This is the third-largest bankruptcy filing in American history and the largest-ever US bankruptcy in the manufacturing arena. [...]
Are we mired in a long-term recession or will the “green shoots” of economic growth we’re seeing be the real thing? Without a crystal ball we can’t predict an official end date to the downturn but we can safely tell you the six worst things you could do in the meantime: Ignoring the situation. [...]
In these extraordinary times, card issuers’ plan to erase up to 40% of some customers’ debt would also be good for those who pay their bills on time. By David Lazarus When I heard last week that banks want to forgive up to 40% of some customers’ credit card debt, my first question was, “What’s [...]
By Chris Thompson – The Big Money That’s what CEO Eric Schmidt told the Financial Times yesterday. In an extensive Q&A with the newspaper, Schmidt reveals that Google (GOOG) seriously considered either buying a newspaper as a for-profit enterprise or hiring a pack of smart lawyers to reconfigure the paper as a nonprofit venture. He [...]
Gold has held mankind enraptured since time immemorial. It has been prized for its beauty, easy workability, indestructibility, and value. The average global demand for gold in the past 10 years has been mainly for jewellery at 76 per cent, followed by industrial applications of 14 per cent and 10 per cent for investors. The [...]
Stocks are volatile, which is another way of saying they’re likely to experience wide swings in value. However, over long periods of time, there’s good reason and evidence to believe stocks also will appreciate dramatically faster than any other type of asset. That makes it easier to attain your long-term wealth goals. When you buy [...]
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