In 1983, Ronald Reagan signed a small but mighty bill that would make possible the preservation of thousands of miles of the country’s unused railroad corridors as transportation routes for walking and biking. At the time, Congress was concerned that the rapid shift from rail freight to highways would put these vital transportation corridors at risk. They saw an opportunity to maintain them by building rail trails, providing an immediate benefit to communities of all sizes, while protecting the corridors for future transportation use. It’s likely these Congressional leaders never anticipated the impact the country’s multiuse trails would generate. The idea caught on…
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The Federal Reserve’s funding has come under scrutiny as the White House attacks the $2.5 billion headquarters renovation for cost overruns. That controversy was underscored on Thursday, when President Donald Trump and Fed Chairman Jerome Powell disagreed over the cost during a visit to the central bank. Trump’s allies have suggested the project could be grounds for ousting Powell, but the president has said he would not fire him, though Trump continues to demand lower rates. Unlike the Pentagon and a new weapons system that has blown through its budget, the Fed and its operations are funded differently. While the…
Image source: Getty Images Nvidia (NASDAQ: NVDA) recently became the world’s first firm to hit a $4trn valuation. Since then, the stock has chugged higher, and the chipmaker is now a $4.23trn behemoth. For context, that extra bit on the end is roughly equivalent to the market cap of AstraZeneca. In other words, Nvidia’s recent $230bn rise is almost equal to the market value of the FTSE 100’s current biggest beast. Indeed, the AI computing giant is now worth more than the entire FTSE 100 combined, with over $1trn to spare. Let that sink in. Due to its ascent, Nvidia…
Image source: Getty Images Chapel Down (LSE: CDGP) is England’s leading winemaker, with vineyards across the beautiful Kent countryside. It’s the only English wine company with a stock market listing, which makes this a unique penny stock. Since listing at the end of 2023, Chapel Down has lost around a quarter of its market value. However, it’s up 34% from a February low and now sits at 43p. After posting a loss last year, the sparkling wine specialist said it expects to generate strong sales this year and return to full profitability. Longer term, it intends to not only dominate…
Image source: Getty Images Thanks to the power of compounding, investing in dividend shares can be the fast-track to building significant wealth in a Stocks and Shares ISA. Compounding involves reinvesting all the dividends one receives to buy more shares. More shares mean more dividends, and over time this snowball effect can supercharge long-term portfolio growth. Let’s say an investor puts £500 monthly into a Stocks and Shares ISA, reinvesting dividends along the way. Thanks to the compounding effect, they’d have a portfolio worth £560,561 after 25 years, comprising deposits of £150,000 and three times as much as this —…
The ongoing tariff situation, along with tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, continued to make for a difficult mortgage-backed security (MBS) market in the second quarter. While mortgage real estate investment trust (mREIT) AGNC Investment (AGNC 0.88%) was able to navigate the market, the environment weighed on its results. With the stock yielding more than 15%, let’s see if better days could be ahead and whether the stock can maintain its dividend. Rates remain in focus AGNC is an mREIT that primarily holds a portfolio of MBSes that are backed by government-sponsored agencies, such as…
The main point of investing for the long term is to make money. Better yet, you’d like to see the share price move up more than the market average. But Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has fallen short of that second goal, with a share price rise of 83% over five years, which is below the market return. Zooming in, the stock is actually down 14% in the last year. Since it’s been a strong week for Old Dominion Freight Line shareholders, let’s have a look at trend of the longer term fundamentals. This technology could replace computers: discover…
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WILLMAR — The Willmar City Council on Monday received good news before approving the sale of $4.065 million in general obligation bonds to fund the 2025 street improvement projects.The bonds will be issued by Northland Securities and have a term of 15 years at an interest rate of 3.81%, according to Jake Emeott of Baker Tilly, who noted that when structuring the bonds in early to mid-June, Baker Tilly was showing a true interest cost of 4.32%. “It’s a very good sale for the city,” Emeott commented. The total principal of the bonds is $4.065 million plus interest of approximately…
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