The S&P 500 Index is down 24.43% as of March 5, this year. The energy sector components within the index have fallen 21.11% in the same period. As the recession deepens, the consumption of gasoline has decreased. After soaring to over $140 last year, Crude Oil is now in the $40 range. Today the April …
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Infrastructure is one of the key sectors that will see large investment as part of the massive $787 billion package signed President Obama last month. The law titled “American Recovery and Reinvestment Act” will promote investment in infrastructure such as roads, bridges, electricity grid, etc. Billions of dollars will pour into these projects over the …
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The Global Finance magazine released the world’s safest banks list for 2009 on February 25th. For the first time they published this mid-year update due to the turmoil in the world’s banking industry. The list was compiled based on the comparison of long-term credit ratings and total assets of the 500 largest banks in the …