(Reuters) – Shares of Spirit Airlines (NYSE:) surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23. The agreement with U.S. Bank National Association provides some elbow room to Spirit to refinance its $1.1 billion loyalty bonds due to mature next year. The previous refinancing deadline was Oct. 21. The Florida-based company said on Friday it had fully drawn down its $300 million revolving credit facility and expects to end this year with over $1 billion in liquidity.…
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Investing in reliable dividend stocks can be an excellent strategy for risk-averse investors. The stock market is riskier than bonds, a high-yield savings account, or just keeping your money in cash. But it’s important to understand that some stocks are far safer than others (although never risk-free). When searching for safe stocks, some characteristics to consider are the company’s industry and whether it has a business model and balance sheet that can hold up well during an economic downturn. Another factor is the company’s runway for future earnings growth, which can support a growing dividend over time. Coca-Cola (KO -1.41%),…
Investors love passive income. We can use it to pay our bills, fund our vacations, or donate to worthy causes. And if we can earn enough money from our investments to cover all our expenses — without having to sacrifice too much of our limited time and energy to earn it — then we truly are free.Here are two passive income-producing dividend stocks that can help you advance your own journey toward financial independence.Dividend stock to buy No. 1: Kinder MorganRoughly 40% of the natural gas produced in the U.S. moves through Kinder Morgan’s (NYSE: KMI) vast pipeline network. With…
By Kirsty Needham SYDNEY (Reuters) -Britain’s King Charles was embraced by an Indigenous elder after a welcome smoking ceremony on Tuesday in the birthplace of Australia’s urban Aboriginal civil rights movement in Sydney, a day after being heckled by an Indigenous senator in Canberra. Charles met with Indigenous elders at the National Centre for Indigenous Excellence in inner-city Redfern, including “bush tucker” – or native food – chef Aunty Beryl Van-Oploo, who served kangaroo pies. The king was embraced by elder Michael Welsh, and a woman introduced herself as a member of the Stolen Generation – a reference to Aboriginal…
Vice President and Democratic presidential candidate Kamala Harris (L) holds a moderated conversation with Former US Rep. Liz Cheney, Republican of Wyoming, at People’s Light performing arts theater Malvern, Pennsylvania, on October 21, 2024. Brendan Smialowski | Afp | Getty ImagesVice President Kamala Harris and Republican former Rep. Liz Cheney participated in a series of moderated conversations on Monday across the “Blue Wall” battleground states of Pennsylvania, Michigan and Wisconsin.”It’s not about party, it’s about right and wrong,” Cheney said in Birmingham, Michigan. “I would just remind people, if you are at all concerned, you can vote your conscience and not…
The fundamentals that underpin timberland, and their strategic role on the path to net zero, will reward consistent investment in productive natural capital. Aleksi Ehtee, timberland team lead, Church Commissioners for England explains why forestry is a real opportunity for patient capital to tap into favourable long-term supply-demand dynamics. Source link
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. The dollar’s strength, boosted by rising Treasury yields, kept the pressure on the yen, euro and sterling – a theme that has been building over the past few weeks as data showed the U.S. economy remained in a good place, resulting in traders scaling back their bets of large and rapid rate cuts from the Fed. Four…
The Kia Challenge, a dangerous trend originating on social media, has made Kia and Hyundai vehicles prime targets for thieves. Due to a lack of immobilizers, certain models can be easily started without a key using a USB cable. Initially, thieves would break the car’s window to gain entry. However, a new and more alarming method is emerging, as authorities and industry experts warn. This new method involves thieves removing the door handle of the vehicle. Once the door handle is removed, they can easily unlock the door and gain entry without breaking the window. This not only makes the…
Investing.com– Most Asian stocks fell on Tuesday as uncertainty over interest rates and the U.S. presidential election kept traders largely risk-averse, while Chinese markets drifted higher after an interest rate cut. Regional markets took a weak lead-in from Wall Street, as U.S. stock benchmarks retreated from record highs as Treasury yields rose and as the earnings season loomed. U.S. stock index futures were mildly negative in Asian trade. Investors were now largely awaiting the U.S. presidential elections, which are just about two weeks away. Republican nominee Donald Trump was seen gaining better odds against Vice President Kamala Harris in recent…
Investing in reliable dividend stocks can be an excellent strategy for risk-averse investors. The stock market is riskier than bonds, a high-yield savings account, or just keeping your money in cash. But it’s important to understand that some stocks are far safer than others (although never risk-free). When searching for safe stocks, some characteristics to consider are the company’s industry and whether it has a business model and balance sheet that can hold up well during an economic downturn. Another factor is the company’s runway for future earnings growth, which can support a growing dividend over time. Coca-Cola (KO -1.41%),…