For years, the company once known as British Petroleum vowed to move “beyond petroleum.” Now, it’s moving beyond British. By naming American Bob Dudley as the new CEO Tuesday, BP’s board has shifted the company’s focus squarely on America, which remains the company’s best hope and its biggest failure. Dudley ran BP’s nettlesome joint venture in Russia, and he was considered for the CEO job three...

Do you really think that the Google (GOOG) shares of stock at 489 or the shares of stock of the Chicago Mercantile Exchange (CME) at 284 are really that high priced? There are actually several stocks that trade above a thousand dollars per share. However, if you are considering including some of the high prices shares in your portfolio, you will probably want those that trade on a regular basis, excluding such stocks as Indians Inc....

Goldman Sachs recently shared its analysis for commodities and how they expect commdities to behave in 2011. As per their projections, commodities will continue rally in next 12 months and price of gold can achieve USD 1350. While seeming aggressive, this projection is logical and can be explained by US treasury continuing pumping money onto the world and smart investors are continuing to accumulate gold bullion. Another commodity which...

While silver often follows gold, its industrial side also leads it to track copper, which is the case during last few...

Silver ETFs can either directly hold silver bullion (the iShares Silver Trust – SLV – does this), or invest in derivatives that track the price of silver (for instance, the PowerShares DB Silver Fund – DBS – holds futures contracts). Both types of ETFs will move with the price of silver, and similar types of silver ETFs usually have similar expense ratios.

Welcome or not, the BP (BP) oil spill has put the spotlight on the oil industry. Although related exchange traded funds have not been hit too hard, a handful of stocks have, and as is always the case in a huge sell-off, investors should have a keen eye for undervalued assets. According to Tony D’Altorio of Investment U, few people know that the oil exploration industry was in trouble even before the BP oil spill. D’Altorio cites that...

The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a...

Law #1: All bubbles need a catalyst, like a stone to throw into a still pond. Bubbles start in “good times”, typically GDP is going up and people have money to spend and invest, so money starts chasing assets and if it takes time for the supply of those assets to increase, prices go up. For example, the fundamental price of housing long-term is exactly equal to nominal GDP per house divided by a function of long-term interest...

Property vultures are circling to pick the bones clean of deals as the US property clock has wound prices back to the same levels as they were in 2003, according to financial researchers Standard and Poor’s. House prices fell 18% in April in S&P’s 10 and 20 city indices. Commercial property has crashed alongside home prices registering a 20% decline, with market expectations of another good way to go – perhaps another...

President Obama tells that Credit Crunch is almost over… And 2010 will be the year when major problems will do away. Mortgage will be accessible, prices for houses will rise, unemployment will decline. What are your views?

DETROIT (AP) — General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy. Once the world’s largest and most powerful automaker, new GM is now leaner, cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. But GM, whose 40 days under court supervision was far shorter than anyone predicted,...

New York has been called the world’s capital and is hotter than ever, especially now Obama is in power and America is cool again. We Brits couldn’t get enough of it when interest rates were favourable, but with a slumping pound and a fall in our own housing market we now get a lot less for our pennies. But all is not lost and if you look carefully there are a few surprising bargains out there. The Property Market New York is the...