Gold Climbs 2 percent as Dollar Hits 2-month Low vs Euro
Dec 15th, 2008 | By Contrarian Profits | Category: Financial NewsDollar weakens to two-month low versus euro… Oil climbs nearly 7 percent; OPEC supply cut expected
Posts Tagged ‘ Automakers ’
White House Opens TARP to Auto Industry after Congress Fails to Approve Loans
Dec 15th, 2008 | By Jason Simpkins | Category: Financial NewsThe Bush administration Friday dropped its opposition to using the $700 billion bank bailout fund to provide financing for U.S. automakers after the Senate balked at approving $14 billion emergency loans.
Plunging Auto & Gas Sales Hurt Retail Sales in November
Dec 15th, 2008 | By Don Miller | Category: Financial NewsDragged down by plunging gasoline prices and an auto industry struggling for survival, retail sales fell by 1.8% in November for a record fifth straight month, according to the U.S. Commerce Department.
Bailout Failure Accelerates Dollars Decline
Dec 12th, 2008 | By Chris Gaffney | Category: Financial NewsSenate rejects auto bailout… ECB pushes back from the rate cut table… Goldman and Citigroup predict a dollar fall… China to continue to appreciate… And Now… Today’s Pfennig!
World Stocks Rise; Euro Jumps on Rate Doubts
Dec 11th, 2008 | By Contrarian Profits | Category: Financial NewsMSCI world equity index up 0.7 pct at 224.39… Euro rallies on doubts over deep rate cuts… Oil jumps 5 pct; government bonds fall
US Stocks, Higher Open Seen on Auto Aid Plan
Dec 10th, 2008 | By Contrarian Profits | Category: Financial NewsWhite House and Democrats tentatively agree to auto aid… Eastman Kodak, Electronic Arts warn on outlook… Energy shares could get lift from higher oil prices
Going “Green” will Destroy Detroit
Dec 9th, 2008 | By Andrew Snyder | Category: Financial NewsWith all of this talk about saving Detroit and bailing out the American manufacturing industry, I am stunned that more people are not seeing the fallacy smack dab in the middle of this debate. Take a look at the proposed business plans the Big Three handed Congress last week and you will quickly see “green” technology is at the heart of their plan.
Dollar Falls, Bailout Hopes Cool Risk Aversion
Dec 8th, 2008 | By Contrarian Profits | Category: Financial NewsDollar falls against the euro, gains against the yen… Hope of bailout for U.S. carmakers boosts sentiment… Risk aversion likely to remain for some time…
Buying Buicks Instead Of Bonds
Dec 4th, 2008 | By Chuck Butler | Category: Financial NewsCurrencies trade in a tight range… Another new plan to help homeowners… RBNZ and Riksbank slash interest rates! The Governorator speaks!… And Now… Today’s Pfennig!
Another Dim Idea For Electric Cars
Dec 4th, 2008 | By Irwin Greenstein | Category: Financial NewsIf there’s ever a reason why you should avoid investing in the electric-car revolution it’s a start-up called Better Place L.L.C.
Based in Silicon Valley, the company is negotiating with governments and car makers to set up networks of charging systems for electric-car batteries.
The New York Times ran a story today about how Hawaiian Electric Company endorsed the Better Place system of rechargeable stations and swappable batteries. Better Place already has garnered endorsements from Israel, Denmark, Australia, Renault-Nissan and a coalition of Northern California.
In essence, the endorsements constitute permission for Better Place to install its system. Here’s how Better Place makes money for investors:
Drivers pay to access a network of charging spots and conveniently located battery exchange stations powered by renewable…