(Reuters) – U.S. energy firm Sempra missed Wall Street estimates for third-quarter profit on Wednesday, hurt by higher interest expenses and lower earnings from its utility businesses in Texas and California. Utilities are ramping up investments in their projects amid booming demand from data centers to power the artificial-intelligence wave, but elevated interest rates in the United States are eating into the companies’ margins. San Diego, California-based Sempra said its interest expense rose to $328 million for the third quarter, compared with $312 million a year earlier. The company, which serves about 40 million customers, posted an adjusted profit of…
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By buying an index fund, you can roughly match the market return with ease. But if you pick the right individual stocks, you could make more than that. Just take a look at Molson Coors Beverage Company (NYSE:TAP), which is up 23%, over three years, soundly beating the market return of 12% (not including dividends). So let’s assess the underlying fundamentals over the last 3 years and see if they’ve moved in lock-step with shareholder returns. Check out our latest analysis for Molson Coors Beverage In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not…
Cryptocurrency is an intriguing frontier in the world of investing, and like many, I was initially skeptical. The idea of intangible, decentralized digital currency seemed far-fetched. But over the years, after taking the plunge myself, I’ve learned that there are both tremendous opportunities and significant risks involved in this space.My journey into crypto investing has been a roller coaster, filled with lessons learned the hard way. Here’s a firsthand account of the pros and cons of investing in cryptocurrency, along with some tips and insights for those considering diving in.A brief history of cryptocurrencyTo understand cryptocurrency, it’s essential to know…
By Davide Barbuscia NEW YORK (Reuters) – Newly elected U.S. President Donald Trump will face fiscal challenges that could threaten the country’s standing in the global debt markets, hurting investor appetite for the nation’s debt securities, and pushing government borrowing costs higher. U.S. budget deficits and government debt levels were largely projected to surge under either candidate in the Nov. 5 election, according to several estimates, although Democrat Kamala Harris was expected to add less debt than Trump. The prospect of rising government debt levels as Trump’s odds improved in recent weeks helped send U.S. government bond yields higher, as…
The Brabus Rocket GTS, a hypercar that embodies the spirit of the 2020s, is a testament to the pinnacle of automotive engineering and design. With a fully exposed carbon fiber body, a staggering 1,000 horsepower, and a price tag exceeding one million dollars, this limited-edition marvel redefines the boundaries of luxury and performance. Built on the foundation of a Mercedes-AMG, the Rocket GTS is not merely a tuned car but a bespoke creation, showcasing the highest level of coachbuilding expertise. Its striking three-door Shooting Brake silhouette, draped in carbon fiber, sets it apart from any other Mercedes-Benz on the road.…
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Image source: Getty Images At one point on Monday (4 November), the Burberry (LSE:BRBY) share price was up 6.5%. The spike came after reports suggested that Moncler — principally known for its luxury outerwear — wanted to buy the British fashion house. The Italian company is part-owned by Double R, an investment vehicle that has LVMH — famous for its Louis Vuitton and Dior brands — as a minority shareholder. It all appears to make sense. But to be honest, I’m usually sceptical about stories like these. To me, quoting ‘industry insiders’ seems like an easy way of generating a…
Back in the golden age of muscle cars, iconic vehicles like the 1970 Dodge Charger Hemi and the 1967 Ford Mustang Shelby GT500 dominated the streets and drag strips. Among these legends was the powerful 1969 Chevrolet Camaro ZL1. Its 7.0-liter V8 engine, originally rated at 423 horsepower, was rumored to produce over 500 horsepower. This beast could go from 0 to 60 mph in just 5.1 seconds and complete a quarter mile in 13 seconds. Today, the Camaro ZL1 is a collector’s dream, often selling for around $600,000. But you don’t need to spend a fortune to enjoy muscle…
During the 1960s, American car manufacturers were fiercely competing to produce the fastest and most powerful muscle cars. The quarter mile drag strip became the main battleground for this competition, where companies raced to prove their vehicles’ speed and performance. Winning in drag racing was not just a point of pride; it also brought significant financial rewards, prompting automakers to push the limits of speed and power. This race for supremacy led to the creation of some incredible muscle cars. Manufacturers poured their resources into engineering and design, resulting in machines that could blaze down a straight stretch of road…
LONDON (Reuters) -British police arrested two men after environmental activists sprayed orange paint on a section of the U.S. embassy building in south London on Wednesday to protest against Donald Trump’s victory in the presidential election. Two campaigners from Just Stop Oil sprayed the embassy’s compound wall with orange paint, a video posted by the group on X showed. “Trump’s win puts the lives of ordinary people at risk, everywhere,” Just Stop Oil said. London’s Metropolitan Police arrested two men, aged 25 and 72, on suspicion of criminal damage, the force said. “This activity is vandalism purporting as protest and…