By Nichola Groom (Reuters) – The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden’s policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security. The American Petroleum Institute (API), the nation’s top oil and gas trade group, urged Trump’s incoming administration to do away with vehicle emissions standards meant to move the auto industry to produce more electric vehicles, lift a pause on export permits for liquefied facilities and work with Congress to repeal a fee on methane emissions from drilling operations, among…
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Investing.com — Honeywell International Inc. saw its shares rise by 7% in early Tuesday trading following a report by Bloomberg that activist investor Elliott Investment Management has amassed a stake exceeding $5 billion in the company. The investment marks Elliott’s largest commitment to a single stock, solidifying its position as one of Honeywell (NASDAQ:)’s top five shareholders, according to Bloomberg. Elliott is reportedly urging the industrial giant to consider a structural breakup, similar to strategies other large conglomerates like General Electric (NYSE:) have adopted, the report states. Bloomberg noted that Honeywell, a Charlotte, North Carolina-based company, has shown comparatively modest growth…
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Photo: DAVID L. NELSON (Getty Images)After hitting record highs following Trump’s victory, the Dow and S&P 500 hit the brakes on Tuesday, a day before the release of the Consumer Price Index (CPI) and core CPI data.In the afternoon, the Dow Jones Industrial Average fell 330 points, or 0.75%. Meanwhile, the S&P 500 shed 0.5%, and the tech-heavy Nasdaq also dropped 0.4%.Among tech stocks, Tesla (TSLA) and Nvidia (NVDA) rose over 3% and 2%, respectively, while Micron Technology (MU) and Super Micro Computer (SMCI) declined by 5% and 4%.Bitcoin reached almost $90,000 and then droppedBitcoin extended its rally after Trump’s…
In a challenging economic climate, Goldman Sachs BDC, Inc. (NYSE:) stock has recorded a new 52-week low, dipping to $12.76. This latest price level reflects a significant downturn from the previous year, with the closed-end fund experiencing a 1-year change of -12.77%. Investors are closely monitoring GSBD as it navigates through market volatility, with the fund’s performance being a focal point for those seeking insight into the broader trends affecting similar investment vehicles. The 52-week low serves as a critical marker for GSBD, potentially setting the stage for future strategic decisions by the company and its investors. In other recent…
Mecum’s Dallas 2024 auction wrapped up this past weekend, underscoring the current volatility in the classic car market. While some renowned models failed to sell and a few HEMI Mopars were auctioned for lower-than-expected prices, other vehicles managed to fetch impressive sums, with one golden-era muscle car setting a new benchmark. In July 2024, I reported on a 1968 Shelby GT500 that sold for $319,000. That one-of-five, low-mileage Mustang nearly set a record for its model. At this weekend’s Dallas event, yet another one-of-five 1968 GT500 went under the hammer for over $300,000. This time, however, it was a KR…
It’s fair to say that Bitcoin is in a strong bull market right now. This year, it has surged from $43,000 to $89,000 – a gain of more than 100% (of course, past performance is not an indicator of future results, and Bitcoin is highly volatile.) Now, UK investors can’t buy Bitcoin exchange-traded funds (ETFs) for their Stocks and Shares ISAs or SIPPs at the moment because they’ve been banned by the Financial Conduct Authority (FCA). But there is a stock that provides exposure to Bitcoin that can be bought for these investment accounts… A Bitcoin stock? The stock I’m…
If you owned a new car from the model years 2000 to 2017, you’ve likely received a notification from the NHTSA to replace your airbags. The Takata airbag recall is by far the largest in automotive history. The previous record-holder was a 2014 recall for 30 million GM vehicles due to faulty ignition switches. The Takata recall, however, involved 67 million vehicles in the U.S. alone, doubling GM’s number, and affected more than 100 million vehicles globally, impacting over 20 automakers. Most people are familiar with the basic story. Even if you never owned a car equipped with Takata airbags—models…
COP29, held in Baku, made a major breakthrough in global climate action during its opening day. Nearly 200 governments agreed on a framework under Article 6.4 of the Paris Agreement. This deal sets up a UN-led global carbon market, allowing countries and companies to trade carbon credits more efficiently. The goal is to create a stronger demand for carbon credits, especially to fund climate projects in developing nations. COP29 President Mukhtar Babayev called the agreement a “game-changing tool” to support climate action in less wealthy countries. He also urged all nations to continue working together to make more progress during…
The Dart GTS was among the original members of Dodge’s “Scat Pack” in 1968, marked by the distinctive “bumblebee” stripe that wrapped around the rear of the car. The Scat Pack’s symbol was an automotive bee, a unique branding choice that gave Dodge an edge in the competitive muscle car market. The Dart GTS was essentially an enhanced Dart GT, boasting a high-performance suspension, a standard 340-cubic inch high-revving small-block engine, with an optional 383-cubic inch big-block engine available for an additional cost, and E70 x 14 tires. Many buyers preferred the lighter 340 engine, as it weighed 89 pounds…