The Australian economy is one of the largest among the developed countries. With a GDP of about $1.5 Trillion the economy is smaller than the Canadian economy. Similar to Canada, Australia is also a resource-based economy. To put it another way, Australia mostly depends on simply digging up what’s under the ground and exporting to …
Auto parts suppliers form a critical part of the automotive industry eco-system. Without the parts suppliers major auto makers would grind their operations to a halt. The auto parts suppliers make everything from electronic systems to seats and everything in between. The importance of the parts makers cannot be understated. For instance, airbag makers are …
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The NASDAQ-100 index represents the largest 101 non-financial companies listed on the NASDAQ exchange. It is a modified capitalization-weighted index. The S&P 500 index on the other hand is a free-float capitalization-weighted index is composed of the largest 500 companies trading on the US markets. The S&P 500 is more representative of the US economy …
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Amtrak is the national passenger railroad company is the US. Unlike other countries Amtrak does not own most of the tracks its trains run on. Most of the tracks are owned by the freight railroad companies. So it is not uncommon Amtrak trains and freight trains compete for the same track at the same time. …
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Oil and natural gas is the largest part of the US energy consumption mix. In 2021, it accounted for 70% according to EIA data. Though renewal energy is pickup in the past few years oil and gas will continue to play a major role in years to come. EIA projects the share of oil & …