Larry Fink says the strong dollar is bad for the U.S. economy. That's no surprise. But the Blackrock boss didn't mention, in his April 6 interview with the Financial Times, that the skyrocketing dollar could trip up the biggest tech companies - those that thought themselves smart for parking squillions overseas to avoid U.S. taxes.
- Cash Hoarding Corporations Hurt by Strong Dollar
- The Stock Poised to Surge from Cheap Oil and a Strong Dollar
Massive new oil supply has led Saudi Arabia to compete for market share by dramatically cutting prices. The impact of this cheap oil in North America is mixed. But certain regions are clear beneficiaries, such as those surrounding auto-reliant Detroit.
Just across the roughly 1.5 mile expanse of the Ambassador Bridge from Detroit is Windsor, Canada. Its fortunes are tightly interwoven with those of the Motor City. One Canadian firm with operations in Windsor is sure to benefit from the glut of cheap oil.