Your Survival Guy’s 2024 Super States is in, and I wonder: Is it time to flee? Because this is the beginning stages of a tectonic shift in America. You and I know the moving vans are gassed up and running. They’re ready to leave the big, blue-blob states on both coasts and elsewhere. No longer are “flyover” states the forgotten states of America. They are lands of opportunity, right there, ready for the pickin’ of freedom-loving citizens looking for the way of life they love. The exciting part is you’re not alone, as others are seeking the same thing and will welcome you with open arms (maybe … [Read more...]
Archives for February 2024
India Ramps Up Coal Usage
In the next six years, India will add as much additional coal demand as the entire nation of Germany. Clyde Russell of Reuters reports: BAMBOLIN, India, Feb 28 (Reuters) - India's coal sector is united about one thing. It doesn't matter if you are a miner, trader, utility or steelmaker, you are bullish, extremely bullish. The overarching theme at this week annual Coaltrans India conference in the western state of Goa is that coal production, imports and demand are all going to rise in coming years, and by substantial volumes. India may have committed to eventually starting to phase down … [Read more...]
DIVIDENDS: “Do or Do Not. There is No Try”
Ahhhh, cash, money, green. Sounds so nice. More money, less work. We all want it, and we all say we need it, but when it comes to investing, why do investors ignore it? I’m talking about dividends. In a “What have you done for me lately?” world, investors live or die on prices. Don’t be a price hog. Don’t be a hog, period. The minute you ignore prices, you become Your Survival Guy’s kind of investor. You become eccentric. Unique. Even contrarian in today’s price-focused world. You focus on being paid. You imagine yourself living in a cave, ignoring the chaotic world outside. And I can tell … [Read more...]
Apple Ends Its EV Effort
After spending ten years on developing an electric vehicle, Apple has called it quits. Bloomberg's Mark Gurman reports: Apple Inc. is canceling a decadelong effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company. Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on the project, said the people, who asked not to be identified because the announcement wasn’t public. The decision was shared by Chief Operating Officer Jeff Williams and Kevin Lynch, a … [Read more...]
Global Shipping Lines Extend Vessel Sharing Agreement as Earnings Slide
Dominic Chopping of The Wall Street Journal reports that global shipping lines extended their vessel-sharing agreements as carrier earnings slide. He writes: Four Asian and European container lines are extending their vessel-sharing agreement as rival carriers reset their alliances in a market beset by plentiful capacity and low freight rates. China’s Cosco Shipping, CMA CGM of France, Taiwan’s Evergreen Marine and Hong Kong-based Orient Overseas Container Line, a unit of Cosco, agreed to continue sharing ship capacity through 2032 under the Ocean Alliance pact they formed in … [Read more...]
OPEC+ Considers Extending Voluntary Production Cuts into Second Quarter
William Watts of MarketWatch reports oil prices pulled back after industry data showed a large rise in U.S. crude stocks. Watts writes: William Watts Oil futures fell Wednesday after industry data showed a large rise in U.S. crude inventories last week ahead of official government figures. Meanwhile, OPEC+, made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, was weighing an extension of voluntary production cuts into the second quarter, Reuters reported, citing unnamed sources. OPEC+ agreed in November to voluntary cuts of 2.2 million … [Read more...]
DIVIDENDS: The Highest Yield Isn’t Always Best
Dividend yield is important, but sometimes, a high yield can be a warning. In the past fifty years, stocks with yields in the eighth decile have outperformed those with yields in the ninth and tenth deciles, as well as those in the sixth and seventh. Action Line: When you want to talk about dividends and investing, I'm here. Originally posted on Your Survival Guy. … [Read more...]
Boom to Bust: Betting the Future on a Single Industry
David Harrison of The Wall Street Journal reports that as e-commerce soared, warehousing jobs in San Joaquin County surged, too. Did the area bet too heavily on one industry? Harrison writes: The e-commerce boom didn’t just change consumers’ lives, it transformed entire regions, turning backwaters into logistics-driven boomtowns. Now, some of those regions confront an uncomfortable question: What do you do when the boom ends? Nowhere is that question more pressing than in San Joaquin County in California’s Central Valley. A decade ago it had one of the highest unemployment rates in the … [Read more...]
Low Gas Prices Could Trigger a Switch by Regional Power Producers
Gavin Maguire of Reuters reports that weak gas prices are primed to trigger a coal-to-gas switch in Germany's multi-fueled gas and coal-fired plants. Maguire writes: A more than 25% slump this year in Northwest Europe's benchmark natural gas price has helped push the price of gas-fired power generation below the cost of coal-fired generation, and sets the stage for fuel switching by key regional power producers. Utilities that operate networks of both gas and coal-fired plants, such as in Europe's largest economy Germany, are likely to dial up generation from gas plants and cut back … [Read more...]
Supreme Court: New Container Terminal Must Use Union Dockworkers
Paul Berger of The Wall Street Journal tells his readers the decision means the South Carolina port will have to use union dockworkers at its new container terminal. He writes: The U.S. Supreme Court declined to hear a case brought by South Carolina’s ports authority, letting stand a lower-court ruling that effectively requires the Port of Charleston to use an all-union labor force at a new container terminal. The decision on Tuesday caps a long-running battle over labor rules at the site and diminishes hopes in South Carolina and Georgia, both right-to-work states, that they can … [Read more...]
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