China is eating itself out of house and home. It's demand for agricultural commodities, while mixed in March, saw an overall increase across the board when compared to February. Oil imports are rising. Metals imports are rising. Chinese demand for all things commodity based is one of the main reasons for price inflation in a number of these products. Ask Brazilian mining company Vale what happens to its share price when China decides it doesn't want to buy anymore iron ore in the next quarter. Ask[...] read »
My gold gurus weighed in this morning with the compelling notion that gold hit $1500 and silver $43 not only because the dollar is losing its grasp as the global reserve currency-- but because the budget battle may not end in radical austerity after all. read »
On the anniversary of the Macondo blowout and oil spill, BP has sued Transocean, the owner of the Deepwater Horizon rig for $40 billion, alleging that the company is responsible for the failure of the rig's safety systems, which helped cause the incident. It has also sued Cameron International, maker of the failed blowout preventer. Feels like a reach to me; would like to know more about the contract between Transocean and BP and the extent to which it indemnifies Transocean against liability in[...] read »
China's economic start this year has many investors spooked: its consumer price index rose by 5.4% in March from a year earlier, the fastest rise in nearly three years. To curb inflation, the government has raised interest rates and shrunk the pool of money that the country's banks can lend out. Chinese stocks of late have been falling in part because of worries about the fallout on corporate profits and economic growth. read »
U.K. government memos show that BP wanted in on the post-Saddam action. read »
T. Rowe Price's Dave Eiswert on outsourcing business to the Web, plus companies to watch in Asia.
T. Rowe Price's David Eiswert on companies leading the next wave of growth in computing technology.
T. Rowe Price's David Eiswert on how innovation is changing technology playing field.
Investor John Mauldin reveals which sectors will be strong as governments confront the debt endgame.