President Trump signed an executive order on Tuesday, repealing many of the environmental regulations introduced by his predecessor Barack Obama and rescinding a moratorium on the leasing of federal land to coal mining companies. In “ending the war on coal”, Trump tries to make good on his campaign promise to bring thousands of unemployed coal miners back to work and secure U.S. energy independence.
When the Westinghouse Electric filed for Chapter 11 bankruptcy protection on Wednesday morning, few were surprised as the outcome was the only one which allowed the company's troubled, and near-insolvent Japanese parent, Toshiba, to continue operating, even if it meant the bankruptcy of the iconic company. Westinghouse was one of the originators of the nuclear age, building the world’s first commercial nuclear reactor 60 years ago. Its pressurized water reactor design is in 430 power plants and accounts for 10% of electricity generated in the world.
Foreigners selling Japanese assets has become very seasonal as liquidity needs appear critical at quarter-ends for much of the last three years.
Last week - as Q1 ends - Foreigners sold 1.923 trillion Yen in Japanese bonds and 754 billion Yen in Japanese stocks. That was the second largest dump of Japanese assets in history...
This is also the biggest Q1 plunge ever - worse than in 2008.
It seems President Trump was on to something when he said healthcare in America would "explode," if left alone. ABC reports that retired teachers in Texas are projected to pay double or triple their current premiums for healthcare beginning September 1.
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If you're among the growing minority of investors still under the impression that 'everything if awesome' in the auto industry simply because new car sales volumes continue to hover around all time highs, while turning a blind eye to soaring incentive spending and that pesky little debt bubble, then we may need your help with how we should be interpreting the following subprime auto loan delinquency stats from Morgan Stanley.