With Chrysler in bankruptcy and General Motors trading under $2 per share, the Obama administration ordered stricter fuel goals that will require the ailing industry to invest $47 billion that it doesn’t have.
Category: Keeping Up
Medicare changes announced by the Obama administration caused a significant decline in health care stocks. The new approach calls for elimination of private sector participation in medicare plans, effectively eliminating $175 million of revenue for the industry.
Amid a slowing global economy and an uncertain outlook for the future, investors have piled into the dollar as a safe haven investment. Year-to-date, the dollar is up relative to almost every world currency including up 10% against the Euro and up 4% against the Yen.
After 6 straight quarters of declining earnings for the S&P 500, a downturn of 3 years in length is a real possibility. To find another large downturn that lasted for that long, go all the way back to the 1930s.
Currently in 3rd place in terms of Latin American oil production, Brazil promises to soon overtake regional leaders Mexico and Venezuela.
Sweden recently rolled back a longstanding ban on nuclear power as concerns over climate change and energy security are causing European countries to rethink their nuclear power policies.
Alternative energy, and in particular wind energy, was a major platform for the Obama campaign and the new president is keeping his promise by including incentives in the current stimulus plan. However, before jumping into wind energy investments, take a closer look at the plan details.
One of the new president’s highest priorities is to create millions of jobs by spending hundreds of billions of dollars. The spending promises to be concentrated in a few sectors and will be big enough to be an engine of growth for companies in those sectors.
While investigators are looking into charges of fraud at India IT services giant Satyam, ETF investors are asking how the news affects India ETFs.