Energy innovation is alive and well from the labs of scientists and researchers across the U.S. But the startups and the investors are getting quieter.
Hewlett-Packard, Bank of America and Alcoa are out. Visa, Nike and Goldman Sachs are in, says the DJIA.
Alcoa, the world’s largest aluminum company, this week slashed its growth forecast and suspended its stock repurchasing program, battening down the hatches as the global credit crunch continues to hurt demand. My feeling is that aluminum is the canary in the coal mine and is foretelling tough times ahead for both the consumer electronics and computer hardware sectors.