On Sept. 18, 2024, the Federal Open Market Committee (FOMC) lowered its benchmark interest rate by 50 basis points or 0.50%. The move made headlines because it was the first rate adjustment since July 2023 and the first rate reduction since March 2020. The cut was prompted by improving economic conditions in the U.S. Inflation, which had driven the Fed’s rate increases in 2022 and 2023, fell below 3% in July 2024, and fell again in August and September 2024. With inflation nearing the Fed’s long-term target of 2%, investors largely expect a series of rate reductions from now through…
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Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024Source: Tesla | YoutubeTesla is set to report third-quarter earnings on Wednesday after the close of regular trading.Here’s what analysts are expecting:Earnings per share: 58 cents, according to LSEG consensus estimates.Revenue: $25.37 billion, according to LSEGEarlier this month, Tesla reported third-quarter vehicle deliveries of 462,890. Deliveries are the closest approximation to sales reported by Tesla. The company also said it had produced 469,796 electric vehicles in the period ending Sept. 30.While deliveries increased 6% from a year earlier, they fell…
A small statue of St. Francis sits on a stump holding court in Julie and John Christensen’s forest in Corbett. The patron saint of animals and ecology is at home among the couple’s 70-acres of Douglas firs, cedars and hemlocks near the Columbia River. The Christensens moved to Corbett, a small, unincorporated town 30 miles outside of Portland, in 1984, intending to make it a communal home for themselves and friends they’d met through Julie’s work as a Catholic campus minister at Western Washington University. Much of the forest had been clear-cut for logging and for animal grazing before they…
China Investment Corporation (CIC) is enhancing its sustainable investment capabilities for both overseas public and private market exposures, capitalising on the global green transition momentum. CIC employs a quantitative approach to sustainable public equity investing, leveraging its quantitative platform and extensive ESG data analysis. The sovereign wealth fund noted that sustainability data is generally more accessible for stocks compared to other asset classes. It is piloting this approach through a self-managed green and low-carbon portfolio. This initiative explores equity decarbonisation pathways to support sustainable investment objectives across its overseas exposures, according to its 2023 annual report released on Sept 27.…
BartekSzewczyk / Getty Images/iStockphotoIf you follow the latest news on investing, you’ll see all sorts of exciting opportunities to catapult your wealth.You’ll hear about 15-year-olds who are now millionaires because they put what little money they had into an obscure cryptocurrency coin. You’ll find out about how you missed out on the latest meme stock that Reddit users flocked to and created a short squeeze.You’ll also see many predictions about which investment is going to the moon next. However, the best investment results often come from a more boring approach.Discover More: 2 Best Ways To Invest $1 a Day —…
McDonald’s stock (MCD) somewhat recovered from steeper losses on Wednesday, with shares falling over 4% in early trading after the Centers for Disease Control and Prevention said the company’s Quarter Pounder burgers had been linked to an E. coli outbreak in some states, with most illnesses in Colorado and Nebraska. “This is a fast-moving outbreak investigation,” the CDC wrote on its website. “Most sick people are reporting eating Quarter Pounder hamburgers from McDonald’s and investigators are working quickly to confirm which food ingredient is contaminated.” The company’s stock sank as much as 10% in extended trading in the immediate aftermath…
After the recent earnings reports, the choice is clear. Source link
By Anton Bridge TOKYO (Reuters) – Japan’s Seven & i will be looking to convince shareholders it can deliver long-term growth on its own when it speaks to them on Thursday, after announcing a sweeping break-up plan designed to ward off a $47 billion takeover offer. The 7-Eleven owner is due to hold an … Source link
Billionaire entrepreneur Mark Cuban made it clear at a town hall in Arizona that he doesn’t believe Vice President Kamala Harris would ever support a tax on unrealized gains. Speaking to a room full of local entrepreneurs while campaigning for Harris, Cuban boldly stated that if Harris ever backed such a tax, he would actively campaign against her. “I’m glad you asked that,” Cuban said in response to an audience member’s question about unrealized gains. “Some people think that there’s going to be an unrealized gains tax on capital gains. There is not, there is not.” He reassured everyone that…
The new porous material for capturing carbon dioxide, called a covalent organic framework (COF), has hexagonal channels decorated with polyamines that efficiently bind CO2 molecules (blue and orange balls) at concentrations found in ambient air. Credit: Chaoyang Zhao for UC Berkeley Capturing and storing the carbon dioxide humans produce is key to lowering atmospheric greenhouse gases and slowing global warming, but today’s carbon capture technologies work well only for concentrated sources of carbon, such as power plant exhaust. The same methods cannot efficiently capture carbon dioxide from ambient air, where concentrations are hundreds of times lower than in flue gases.…