Aiming for the $3 million mark by retirement might sound overly ambitious. While Americans believe they only need about $1.46 million to retire comfortably, the truth is, $3 million is totally doable… Source link
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Shares of Altria (NYSE: MO) have had a great run over the past year, gaining more than 30% in value. Third-quarter 2024 earnings got investors particularly excited, with the stock rallying sharply after the release. But is Altria’s business really that good? To answer that question you need to dig into the numbers a little bit. But you only have to scratch the surface before you realize that the long-term picture may not be as good as management wants you to believe. It is important to step back and understand the core business in which Altria operates. Through the first…
Red Bull’s Liam Lawson recently voiced his frustration over McLaren’s choice to play the British national anthem during podium celebrations, arguing that it’s disrespectful to the New Zealand roots of McLaren’s founder, Bruce McLaren. As a proud New Zealander and the first from his country to enter Formula 1 since Brendon Hartley in 2018, Lawson feels that McLaren victories should honor the legacy of Bruce McLaren by using New Zealand’s anthem instead. He called it “bullsh*t” that McLaren celebrates with *God Save the King*, given the team’s history with New Zealand motorsport. The protocol for F1 podiums dictates that the…
Image source: Getty images I’m searching the FTSE 100 for bargain shares that could soar in value next year. Here’s one on my radar today. Cheap, on paper Taylor Wimpey‘s (LSE:TW) share price has slumped in recent weeks, reflecting worries over how October’s Budget could impact housing demand. I think this represents an attractive dip-buying opportunity. City analysts reckon the builder’s earnings will fall 12% this year before rebounding 27% in 2025. This means it offers excellent all-round value at current prices of 141p per share. Taylor Wimpey’s price-to-earnings growth (PEG) ratio for next year is a long way under…
The possibility of an Argentina Grand Prix returning to the Formula 1 calendar has gained traction following recent talks between F1 CEO Stefano Domenicali and Argentine officials. The discussions, held in Brazil, included Cesar Carman, president of the Automovil Club Argentino, and Daniel Scioli, Argentina’s secretary of tourism, environment, and sports. They focused on reintroducing the event by 2027 or 2028, reviving Argentina’s role in F1 after a 30-year absence. The nation has a deep F1 legacy, with Argentina hosting 21 Grand Prix races between 1953 and 1998 and racing legend Juan Manuel Fangio securing four wins on his home…
By Mohammad Yunus Yawar, Charlotte Greenfield and Gloria Dickie KABUL (Reuters) – Afghan Taliban officials will attend a major United Nations climate conference that starts next week, the Afghan Foreign Ministry said on Sunday, the first time they have attended since the former insurgents took power in 2021. The COP29 climate summit in Azerbaijan’s capital Baku will be among the highest-profile multilateral events attended by Taliban administration officials since they took control in Kabul after 20 years of fighting NATO-backed forces. The U.N. has not allowed the Taliban to take up Afghanistan’s seat at the General Assembly, and Afghanistan’s government…
Alpine appears to be leading the race to sign Franco Colapinto for the 2025 F1 season, outpacing Red Bull due to their openness to a loan deal with Williams. Colapinto, who made his debut replacing Logan Sargeant at Williams and has already shown strong results, has become a rising talent in F1. His performances, particularly his top-10 finish at the United States Grand Prix, have caught the eye of several teams. Williams is reportedly willing to entertain moves that could allow Colapinto to gain experience elsewhere, provided it benefits his career trajectory. Red Bull’s interest in Colapinto was further fueled…
The drawn-out downturn in private market returns is hitting one group of investors especially hard: Ivy League university endowments. Leading US university endowments, many of which allocate outsized portions of their portfolios to private equity and venture capital, have underperformed the university average for the second year in a row, with prominent ones like Yale and Princeton lagging far behind their smaller peers, as the once lucrative asset class suffers from a plunge in dealmaking and stock listings. Top endowments have long used aggressive exposure to private investments in pursuit of excess returns they believe are out of reach through public…
Image source: Getty Images Looking for the best bargain shares to buy? I think these FTSE 100 and real estate shares are worth a close look right now. Barratt Redrow Sentiment towards UK housebuilders like Barratt Redrow (LSE:BTRW) has soured since the end of October. Investors are worried about stamp duty changes in the Budget, which could dampen home purchases from first-time buyers and those seeking second homes. The market’s also been spooked by Donald Trump’s victory in the US Presidential election. A slew of potential trade tariffs could push up inflation, causing interest rates (and mortgage costs along with…
Three investment return trends related to the green transition concern me. These apply across all sectors but to automotive in particular. Here is how I see it. 1. Pricing is challenging. The strong automotive demand during the COVID-19 pandemic was fueled largely by wealthier customers and is on the wane, especially for electric vehicles (EVs), which are often second vehicles priced as premium products. Until recently, automakers experienced bottlenecks with their finely tuned production systems. The mismatch between supply and demand adjusted pricing upward to reestablish equilibrium. Cheap financing and a shortage of used vehicles exacerbated this trend. According to…