The American Forest Foundation (AFF) recently announced that the nonprofit will hold the US’s first nature-based carbon credit auction early next year.In February 2025, buyers will be able to bid on premium carbon credits from four projects under the Family Forest Carbon Program, an initiative that connects landowners with technical and financial resources to more sustainably manage private forest lands.”We are trying to address several pain points that exist in the current voluntary market for buyers of carbon credits, but also for landowners who are seeking to participate in the market,” Nate Truitt, executive vice president of climate funding at…
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Lamborghini, renowned for its high performance sports cars, has recently expanded its lineup to include a range of partially electrified models. These plug in hybrids, including the V12-powered Revuelto, the twin turbo Temerario, and the Urus SE, have been heralded as a stepping stone towards future electric vehicles. However, despite the growing popularity of electric cars, Lamborghini’s Chief Technical Officer, Rouven Mohr, has indicated that a fully electric supercar is not in the company’s immediate plans. Lamborghini Embraces Hybrid Technology but Delays Full Electric Supercar Plans (Lamborghini) Mohr explained that while Lamborghini is committed to transitioning to electric power, the…
Investment management company Vulcan Value Partners recently released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. Although the firm is pleased with the results, the quarterly results were mixed during the quarter. The firm capitalized on stock price volatility by allocating capital to companies with better price-to-value ratios. In the quarter, the fund’s Large Cap Composite returned 8.2% net of fees and expenses, the Small Cap Composite returned 9.1% net, the Focus Composite returned 5.6% net, the Focus Plus composite returned 5.9% and the All-Cap Composite returned 8.1% net. For more information on the fund’s best…
What’s Going On With Phillips 66 Stock Today?On October 16, 2024, a jury returned a verdict against Phillips 66 Company, a wholly owned subsidiary of Phillips 66 (NYSE:PSX), in a lawsuit brought by Propel Fuels Inc.In the lawsuit, Propel Fuels alleged that Phillips 66 misappropriated trade secrets related to its renewable fuels business.The jury awarded Propel Fuels $604.9 million in compensatory damages. The case is currently in the Superior Court of the State of California, Alameda County, and the Court has not yet entered a judgment, as several post-trial motions are still pending.Phillips 66 Company, however, has denied any wrongdoing…
BMW is gearing up to take on the 2024 Rebelle Rally with a specially modified version of its redesigned X3. This pre production model, equipped with rugged off-road enhancements, will be put to the test on challenging tracks this month. The premium compact crossover features custom skid plates, all terrain tires, and a roof rack kit with storage options. Additional features include exterior lighting, extra storage space, protective film, and a ceramic coating. Driver Rebecca Donaghe and navigator Syndiely Wade will pilot the modified BMW X3 through the rugged desert world of California and Nevada, covering over 1,500 miles. BMW’s…
Image source: Getty Images As I plan for my retirement, the idea of a stable, lucrative second income becomes increasingly important. I enjoy the finer things in life so for a comfortable retirement, I need more than a basic pension scheme. One way to try to achieve this is by investing in FTSE 100 dividend stocks in a Stocks and Shares ISA. These stocks have the potential for both capital appreciation and a steady stream of income through dividends. Plus, the benefits provided by an ISA allow British residents to invest up to £20,000 a year with no tax on…
Husqvarna, the Swedish bike maker, has expanded its adventure bike lineup with the introduction of the 2025 Norden 901 Expedition. This mid class travel bike is designed for riders seeking off-road capabilities and long distance touring comfort. Building upon the successful Norden 901 model, the Expedition comes with a range of pre installed accessories to enhance its functionality and versatility. The Norden 901 Expedition boasts a robust chromium molybdenum trellis steel frame that doubles as a stressed member for a lightweight and compact design. The 889cc parallel twin engine has been tuned to deliver 105 horsepower and 100 Nm of…
On Thursday, Citi maintained a Neutral rating on Rexford Industrial Realty (NYSE:REXR) shares, with a consistent price target of $50.00. The third quarter earnings for REXR presented a complex outcome. The company’s funds from operations (FFO) slightly exceeded the market’s expectations by one cent but fell short of Citi’s prediction by the same margin. REXR raised its 2024 FFO guidance midpoint by one cent, attributing the increase to recent acquisitions. REXR reported having an additional $200 million worth of deals in its acquisition pipeline. However, the company’s rent spreads and mark-to-market (MTM) rates showed signs of slowing down. The guidance…
Lexus, following in the footsteps of its rivals Cadillac and Lincoln, is preparing to launch a refreshed LX flagship SUV series in the United States. The new lineup will include an electrified version, further expanding the brand’s offerings in the luxury SUV segment. Toyota Motor North America has been steadily gaining ground on General Motors in the U.S. market, with a difference of around 220,000 vehicles between them after the first nine months of the year. Lexus Gears Up for US Launch of Electrified LX 700h with Hybrid Power and New Overtrail Edition (Lexus) Lexus, as part of Toyota’s premium…
The Yamaha R series has long been synonymous with high-performance motorcycles, and the latest addition, the R9, promises to redefine the Supersport category. As the most advanced member of the R family, the R9 boasts a lightweight aluminum Deltabox style frame, a powerful 890cc three cylinder engine, and cutting edge technology. The R9’s frame is a masterpiece of engineering, designed to provide exceptional torsional rigidity and lateral stability. Its lightweight construction contributes to the bike’s agile handling and impressive acceleration. The 890cc engine delivers a thrilling combination of power and torque, ensuring exhilarating performance on both the track and the…