Shell Plc is looking to sell part of its portfolio of nature-based carbon projects amid a market contraction for emissions offsets.The plan continues the oil major’s shift as Chief Executive Officer Wael Sawan focuses on driving returns for the business. The company has retreated from operations where it doesn’t see a strategic advantage, such as offshore wind development, despite pledges in recent years to deliver significant growth in these low-carbon areas. Source link
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Investing.com — Analysts at Williams Trading and BTIG have upgraded their ratings for On Holding AG (ONON) to Buy from Hold/Neutral, following strong third-quarter results and promising forward guidance. Williams Trading raised its price target from $40 to $60, highlighting that On Holding’s “brand management turns On beyond our expectations.” The firm emphasized On’s improved inventory control and increased commitment to a pull model, which it believes removed the risks it had been concerned about just a week earlier. “The 3Q24 results, which beat consensus on revenue, gross margin, and SG&A,” further support the upgraded outlook, Williams Trading added, although EPS…
As its name suggests, the T8 AWD plug-in hybrid is the plug-in hybrid variant of Volvo’s XC60. This model offers an EPA-estimated 35-mile electric driving range, after which the gas engine seamlessly activates, converting the SUV to a standard hybrid that achieves 28 mpg in combined driving—3 mpg more than the regular XC60. To maximize fuel efficiency, daily charging is recommended. In terms of performance, the T8 AWD plug-in hybrid powertrain stands out with an impressive 455 horsepower, over 200 hp more than the standard XC60. Volvo XC60 PHEV Insights Trim: XC60 T8 Core All-Electric Range: EPA Estimate Not Available…
Image source: Sam Robson, The Motley Fool UK It has been quite a rollercoaster ride for NIO (NYSE: NIO) of late. Between the end of August and the start of last month – a matter of weeks – NIO stock soared by 94%. Since then though, the electric vehicle (EV) maker has seen its share price plummet by 38%. That still leaves it well above where it was just a few months ago, and 154% higher compared to five years back. Still, could the recent price fall give me a buying opportunity? Seesawing price action It is helpful to understand…
WASHINGTON (AP) — The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia (NVDA) of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. The justices heard arguments in the tech company’s appeal of a lower-court ruling allowing a 2018 suit led by a Swedish investment management firm to continue. It’s one of two high court cases involving class-action lawsuits against tech companies. Last week, the justices wrestled with whether to shut down a multibillion-dollar class action investors’ lawsuit against Facebook parent Meta stemming from the privacy scandal involving…
The Dodge Durango, a staple since its third-generation debut in 2010, will reach the end of its production with the 2025 model. Marking this final iteration, the 2025 model will also retire the Hemi V8 engine. Despite its rugged charm, the Durango shows its age in comparison to more efficient, recently updated three-row competitors like the Mazda CX-90, Toyota Grand Highlander, and Hyundai Palisade, with the Durango’s larger engine translating to lower fuel efficiency. Nevertheless, it outshines most in its class when it comes to towing, boasting a maximum capacity of 8,700 pounds. Performance enthusiasts can still find powerful options…
The Federal Reserve is in the “last mile” of its inflation fight, with price pressures converging towards the U.S. central bank’s 2% target, though recent data have raised the risk that progress may slow or reverse, St. Louis Fed President Alberto Musalem said on Wednesday. “In my baseline scenario, based on current information, I expect inflation to converge toward 2% over the medium term,” Musalem said, a situation that would allow the Fed to “judiciously and patiently” continue to lower interest rates. But “recent information suggests to me that the risk of inflation ceasing to converge toward 2%, or moving…
Bringing a fresh touch of European sophistication to the bustling compact SUV market, the 2025 Volkswagen Tiguan enters its third generation. Already revealed in Europe, this model will soon reach the U.S. The new Tiguan has been designed with a longer body than its predecessor, resulting in extra rear cargo space, and it will continue to offer a third-row seat. Sharing a similar suspension and platform with the current GTI hatchback, the Tiguan promises a particularly engaging driving experience for a crossover. We’ll update this article with additional details about pricing, specifications, and photos of the new Tiguan as they…
Introduction Traditional finance had two dominant perspectives on cryptoassets as 2022 drew to a close. Some saw bitcoin and the like as merely stand-ins for high beta equity market exposure. Others believed that FTX-related reputational damage had rendered the asset class toxic and uninvestable for the foreseeable future if not for all time. But crypto’s performance in the first half of 2023 has proven the lie to both these characterizations and revealed an asset class with resilience. Simplistic Narratives Conceal the Value The correlation between bitcoin and the S&P 500, NASDAQ, and other equity market indices has shifted conclusively from…
Image source: easyJet plc The past year has seen easyJet (LSE: EZJ) report strong demand and bring back its dividend. Over 12 months, the easyJet share price has grown 28%. Where might things go from here – and should I invest? Strong performance and robust demand At the interim results stage in May, easyJet reported good news on customer demand. Passenger numbers were up 11% compared to the same period the prior year. Revenue jumped 23% to £3.3bn. Meanwhile, headline costs (that is, costs excluding one-offs) grew more slowly, by 17%. Still, there was a headline loss before tax of…