#28 Daily Financial News Round Up - Nov 28,2021
What news caught my attention?
By 2030, Nissan intends for half of its vehicles sold to be partly powered by batteries. The budget the company has in mind to achieve this objective is $17.6 billion. For a little over a decade, Nissan dabbled in electric vehicles giving it a headstart. The climate change initiative provides the right setting for Nissan to get ahead and gain a foothold in the industry.
This Black Friday saw consumers returning to stores in person. Sales rose, which was reflected in the markets as well.
A Fed study reveals that banks are adept at managing risk and do not face any threat as the Biden Administration claims. Is Biden Administration targeting fossil-fuel businesses with a veil of climate change?
My Takeaways:
Nissan pivots its business model in response to the climate change initiative amongst the traditional car-makers in the automotive industry. Will Nissan keep up with the more popular electric company vehicles like Tesla, Rivian, etc.?
Many instances of the Biden administration’s claims seem to not line up with empirical evidence. Specifically in the economic policies. This situation calls for more research.