NEW BEDFORD, Mass.— For three centuries, fishing has been a way of life in New Bedford— and it's still going strong. Scholars say more ships sailed out of New Bedford alone than every other American port combined. But it's still a viable industry, and New Bedford's piers are alive with the sights, sounds and smells of the trade.» Read More
For the week ending Friday, June 20, 2008, the markets dropped on disappointing earnings results from the financial sector, and a continued spike in crude oil prices added to investors' concerns over inflation. The Dow closed below 12000 on Friday for the first time since Mid-March.
With thousands of displaced people and the floods working their way from Iowa down to Mississippi, the worst flooding in the U.S. Midwest in 15 years is adding pressure to the recent rise in prices for food and corn-based ethanol. Here are some of the other businesses in the region, affected by the deluge.
The swollen Mississippi River ran over the top of at least 12 more levees on Wednesday, as floodwaters swallowed up more U.S. farmland, adding to billion-dollar losses and feeding global food inflation fears.
Plus, calls on Lehman, Goldman, Boeing, Best Buy and more.
The rising Mississippi River could flow over the top of as many as 33 levees and damage homes and hundreds of thousands of acres of farmland if sandbagging efforts fail, according to a map released on Tuesday by the U.S. Army Corps of Engineers.
Parts of Australia's key Murray-Darling river food bowl may be beyond recovery unless a prolonged dry spell and political wrangling over water use ends by October, a leaked scientific report warned on Wednesday.
This is a true triple-play stock, Cramer says.
Stocks finished mixed amid volatile oil prices and a weak manufacturing report from the Fed.
Record floods have devastated Iowa farmers, The New York Times reports.
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
Some farmers are starting to fear disaster as global harvests look set to be average in a year when they should be excellent to offset food shortages, the NYT reports.
For the week ending Friday, June 6, 2008, the markets finished in the red as the CBOE Volatility Index (VIX) again crossed above the 20 threshold and oil surged. Stocks were impacted by continued economic concerns, renewed trouble in the financial sector, and a record spike in crude oil on Friday. Although it was a negative week for the markets, the Dow managed a 200+ point rally on Thursday for the first time since 4/18, after retailers posted better than expected same store sales.
Plus, two more international stock picks from Cramer.
Large private investors have been buying commodities in recent years, but now some are going further and buying actual farmland, says The New York Times.
For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3% or higher for the week. Only the Dow declined for the month, shedding 1.42%. The NASDAQ reached its third consecutive monthly gain , up 4.55% for the month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate , better than the previous estimate. Crude Oil also retreated to lower levels.
For the week ending Friday, May 23, 2008, the U.S. Equity Markets ended the week down with all of the major indices off by more than 3% on continued concerns about high energy costs. Oil and gasoline continued to hit new record highs and the dollar declined against major currencies.
AWB, Australia's largest wheat exporter, said on Wednesday its half-year net profit rose 89 percent to $21.4 million, after good results from its Landmark rural services division.
The annual World Economic Forum took place in Sharm El Sheikh, Egypt, focusing on the investment and growth opportunities in the Middle East.
Syngenta, Monsanto and Bunge should be bought on any discount, Cramer says.
Republican presidential candidate John McCain Monday vowed to aid small farmers by targeting agricultural tariffs and subsidies doled out to agribusiness.