Hefty capital gains tax bills could be around the corner for investors in certain mutual funds. Fund families are notifying shareholders of estimated capital gains distributions for 2024, which they will issue to investors in December. This year has been a strong one for stocks, with the S & P 500 up more than 25%, and double-digit distributions from some mutual funds are on deck. Take the Morgan Stanley Institutional Fund Trust Dynamic Portfolio (MAAQX) , which estimates it will issue a capital gains distribution of more than half its net asset value in December. These year-end capital gains distributions…
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Geely, a major Chinese automotive group, announced a restructuring plan to bring its premium EV brand Zeekr into control over its sister brand Lynk & Co as part of a broader cost-cutting and efficiency strategy. This move is a significant shift in Geely’s approach, which has historically focused on acquisitions but now aims to streamline its sprawling portfolio of over 10 automotive brands. Chairman Eric Li emphasized that this integration would help the group avoid internal competition, reduce redundant spending, and clarify the positioning of each brand to strengthen Geely’s overall market competitiveness. The integration will see Zeekr and Lynk…
WASHINGTON (Reuters) – U.S. President-elect Donald Trump is expected to select Robert F. Kennedy Jr. to lead the Department of Health and Human Services, Politico reported on Thursday, citing a person with direct knowledge of the matter. Kennedy ran for president in this year’s election as an independent before dropping out in August and endorsing Trump in exchange for a role in the Republican’s administration. “He’s going to help make America healthy again,” Trump said in his victory speech on Nov. 6. “He wants to do some things, and we’re going to let him get to it,” he said. The…
The price of gold is dropping, and there are a few moves you can make to capitalize on this trend. Getty Images/iStockphoto Interest in gold investing has surged since the start of the year, fueled in large part by a sustained upward trend in gold prices. Over the last 11 months, the price of gold has climbed to new heights while consistently breaking previous price records and attracting even more investors to the precious metal. Given gold’s price trajectory, some analysts have even predicted that the price of gold would reach $3,000 per ounce before the end of 2024.This month, however, has…
LiveWire, Harley-Davidson’s electric sub-brand, surprised the motorcycle community by showcasing two concept electric scooters at KYMCO’s stall during the 2023 EICMA event. KYMCO, an early investor in LiveWire, has a longstanding collaboration with the brand, and their joint appearance highlights their deepening partnership. The concept drawings presented include two scooter models: one designed for off-road adventures with aggressive tires and storage racks, and the other for urban use, featuring a futuristic, sharp-angled front fairing with a look reminiscent of the iconic “Akira” motorcycle. Both scooters are built on LiveWire’s S2 Arrow platform, initially developed for the flat track-inspired S2 Del…
Vroom, Inc., a leader in automotive finance and digital services, has entered a Restructuring Support Agreement (RSA) with most of its debt holders and its primary stockholder to tackle its debt challenges. This RSA will transform Vroom’s $290 million in unsecured convertible senior notes, due in 2026, into equity, reshaping the company’s financial foundation. As a holding company, Vroom, Inc. oversees several subsidiaries, including United Auto Credit Corporation (UACC) and CarStory, though it does not engage directly in operations. Vroom plans to initiate a prepackaged Chapter 11 reorganization under U.S. bankruptcy law, expecting the process to conclude by late 2024…
“ Right Now, Guests Can Save 50% Off All Published Sailings with NCL’s Recently Launched Black Friday Sale, Plus Receive Elevated Offerings with its All-New More At Sea™ Promotion “ “ There is MORE to Enjoy with a Greater Variety of Caribbean and Bahamas Sailings Embarking from 10 U.S. Ports Including Los Angeles, Miami, New Orleans and Others “ “ Several Ships of its Award-Winning Fleet will Offer Seven-Day Voyages Departing on Weekends, Including the Brand’s Newest Prima and Prima Plus Class Vessels “ MIAMI, Nov. 14, 2024 /PRNewswire/ — Norwegian Cruise Line (NCL), the innovator in global cruise…
Electric vehicle stocks are falling Thursday after a report detailed the incoming Trump administration’s plans to axe a tax credit for consumers buying cleaner cars.President-elect Donald Trump’s transition team is planning to get rid of the $7,500 tax credit for EV purchases as part of a broader tax shakeup, Reuters reports. If the credit is removed, the EV transition will likely be hit hard, as prices on numerous models will effectively increase.Several companies, including Ford Motor Co. and Hyundai Motor Co., have adjusted their plans to ensure that their vehicles qualify for the $7,500 tax credits. In just three months,…
Continental, the German automotive parts manufacturer, reported strong third-quarter earnings, showing a significant rise in profitability. The company recorded a net income of €486 million, an increase of 62.8% from €299 million in the same period last year. Earnings per share also grew, reaching €2.43, up from €1.49. Despite these positive results, Continental revised its fiscal year forecast downward due to weakened demand in the automotive sector, hinting at potential challenges ahead. The adjusted operating result for Continental improved notably, climbing by 36% to €873 million. This performance resulted in an adjusted EBIT (earnings before interest and tax) margin of…
The 2025 Jaguar XF is set to redefine luxury and performance in the automotive world. This latest iteration of Jaguar’s flagship sedan combines sophisticated design, advanced technology, and powerful performance to offer an unparalleled driving experience. With its sleek, aerodynamic exterior and luxurious, customizable interior, the XF is designed to provide ultimate comfort and style. The 2025 model also marks Jaguar’s continued commitment to electrification, featuring innovative powertrains and cutting edge features that set it apart from its competitors. Jaguar Whether you’re a fan of British engineering or simply looking for a top tier luxury sedan, the 2025 Jaguar XF…