Diamonds and Dogs
Peabody Energy Corp. (BTU)
Peabody Energy is up 9% today after the Supreme Court stated that the EPA must consider the financial impact to a company when stepping in to impose regulations over public health concerns. The original regulation was an initiative to get power plants to reduce emissions of mercury and other air pollutants. Peabody Energy, the largest coal producer in the U.S., strongly opposed this regulation as it could increase costs to $9.6 billion. Even with this good news, Peabody's stock has been beaten down to new lows. Perhaps this good news could help the company with their recent woes.
National Bank of Greece (NBG)
If you've been watching any fiscal news at all recently, you know that Greece has been in some serious financial trouble. And today, NBG was down 22.5% and hit a 52-week low of 88 cents. Once again, debt talks between Greece and creditors resulted in no progress. On top of that, Greece has a $1.8 billion payment due to the International Monetary Fund on Tuesday, and concerns that the country will not be able to pay it are growing. Greece's financial struggles are affecting markets around the world, and worries will continue to grow until a solution is reached.
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