Chatter that President-elect Donald Trump could appoint former U.S. Trade Representative Robert Lighthizer to oversee trade policy are moving markets, from the dollar on currency exchanges to stocks that would be sensitive to tariffs. During Trump’s first term as the president, Lighthizer was central to his protectionist policy and was U.S. trade representative role when Trump launched the trade war with China. The news that Lighthizer could be returning to this post, reported by the Financial Times late Friday, spooked the market — the greenback, for example, spiked in a kneejerk reaction to the headline. .DXY 5D mountain The Dollar…
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VOYA Financial, Inc. has reached an impressive milestone, with its stock price soaring to an all-time high of $83.94. This peak reflects a significant uptrend in the company’s market performance, marking a notable achievement for the firm and its investors. Over the past year, VOYA has witnessed a robust growth trajectory, with the 1-year change data showcasing an impressive 20.56% increase. This surge in stock value underscores the company’s strong financial health and the positive sentiment among investors regarding VOYA’s future prospects. As market participants celebrate this high-water mark, analysts are closely monitoring the factors contributing to VOYA’s success and…
The many years of international delay on climate action — paralleled by year-after-year of rising emissions and record climate disasters — has greatly increased the price tag on preventing a global climate catastrophe. Today, experts estimate addressing the climate emergency will cost trillions of dollars.But who should pay, and how much? This question is expected to top the agenda at COP29, the climate summit, starting Nov. 11 in Baku, Azerbaijan, possibly leading to a new, more ambitious financial target to provide crucial funds to developing countries.While wealthy nations are known for pledging large sums to support the alternative energy…
James Devaney / Contributor / Getty Images Filmmakers have been creating movies about finance for years. Some, like “Trading Places,” comically depict the mayhem of the trading floor. Others, like “The Wizard of Lies,” are sobering representations of real events. While these films are entertaining to watch, few contain actionable advice for investors to follow once they exit the theater. There are, however, a few notable exceptions. No single movie can fully educate beginners on the particulars of the stock market, but some contain a few pointers that may be valuable to those hoping to break into the finance world.…
Hertz, the iconic car rental company, is poised to sell off a portion of its exclusive Shelby Mustang Mach-E fleet. These distinctive vehicles, adorned with a special Hertz livery and unique features, carry a premium price tag of $65,000. While this may seem steep, history suggests that such limited edition Hertz cars often appreciate significantly over time. This isn’t the first time Hertz has offered high performance rentals. In the 1960s, their legendary “Rent A Racer” program allowed enthusiasts to rent Shelby Mustangs, democratizing the thrill of high octane driving. Hertz Sells Shelby Mustang Mach-E Fleet (Mustang Mach E) Although…
The M&A Failure Trap: Why Most Mergers and Acquisitions Fail and How the Few Succeed. 2024. Baruch Lev and Feng Gu. Wiley. At an early-1980s presentation by a leading investment bank to a business school alumni group, the bank’s CEO was confronted during the Q&A session about the high failure rate of corporate mergers and acquisitions (M&A), from which Wall Street derives a significant chunk of its revenues. The CEO responded by pointing out that companies’ internal projects — their investments aimed at building businesses from scratch rather than buying them — also fail at a high rate. He did…
Mercedes-Benz is gearing up to intensify competition for the Tesla Model 3 with the upcoming launch of its all-electric CLA sedan. The luxury automaker recently revealed a teaser video featuring CEO Ola Källenius driving the sleek, sporty vehicle, offering a look into its design and performance. Slated for a 2025 release as a 2026 model, the CLA is the inaugural offering built on the new, electrified MMA platform. While the showcased model is fully electric, Mercedes has confirmed that hybrid variants will also be available, catering to a wider range of consumer preferences. Mercedes CEO Drives 2026 Electric CLA, Reveals…
Image source: Getty Images A return of over 41% in 12 months for any investment is pretty great. But I think it’s particularly note-worthy if we’re talking about a fund rather than a single stock. After all, the good ol’ FTSE 100 index has managed ‘just’ 10% in the same period. But not I’m considering selling my stake. In fact, I’ve been buying more for my Stocks and Shares ISA. Go small The investment in question is Biotech Growth Trust (LSE: BIOG). As it sounds, this looks to own a portfolio of stocks that use living organisms and molecular biology…
Bitcoin has hit new all-time highs as President-elect Donald Trump secured victory in the 2024 United States presidential election.Set to return to the White House after departing in January 2021, Trump now appears to be bringing a pro-crypto stance with him. His campaign made several pledges in support of the cryptocurrency sector, marking a difference with the previous administration.As Trump prepares to resume office, Cointelegraph looks back on how the cryptocurrency landscape appeared during his last term. The industry has seen major shifts since then — half of the top 10 coins from his previous term have fallen out of…
Mid Penn Bancorp (NASDAQ:) stock soared to a 52-week high, reaching a price level of $33.04, marking a significant milestone for the company. This peak reflects a robust growth trajectory over the past year, with the stock witnessing an impressive 65.34% increase in value. Investors have shown increased confidence in Mid Penn Bancorp’s financial performance and future prospects, contributing to the stock’s upward momentum and its standout performance in the market. The 52-week high serves as a testament to the company’s resilience and strategic initiatives that have resonated well with the market sentiment. In other recent news, Mid Penn Bancorp…