The automotive world is abuzz with news of the BMW Group’s recent design shake up. The company’s corporate styling guru, Domagoj Dukec, is moving to Rolls-Royce, leaving a void that will be filled by two new designers under the guidance of Adrian van Hooydonk. Maximilian Missoni, formerly of Polestar, will take charge of larger models and Alpina, while Oliver Heilmer, the design boss at Mini, will oversee smaller models. This change is expected to usher in a new era for BMW, one that is less controversial and focuses more on performance than quirky styling. In the meantime, digital car content…
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Keithbinns | E+ | Getty ImagesU.S. officials believe Israel has narrowed down what they will target in their response to Iran’s attack, which these officials describe as Iranian military and energy infrastructure.There is no indication that Israel will target nuclear facilities or carry out assassinations, but U.S. officials stressed that the Israelis have not made a final decision about how and when to act.The region has been on edge awaiting Isreal’s response to an Iranian missile barrage launched on Oct. 1, which Iran said was in response to Israel’s invasion of Lebanon and the assasination of its allies, including Hamas’ Ismail Haniyeh in Tehran,…
The Oldsmobile 88, a cornerstone of the automaker’s lineup from 1949 to 1999, boasts a rich heritage that extends beyond its longevity. Not only did it dominate NASCAR in its early years, but it also played a pivotal role in shaping the American muscle car era. Initially conceived as a slightly smaller and lighter alternative to the full-size 98, the 88 leveraged its potent 303 cubic inch Rocket V8 engine to achieve remarkable performance. This early success on the racetrack solidified the 88’s reputation as a formidable force in the automotive world. One of the factors that contributed to the…
FRANKFURT (Reuters) – U.S. President Joe Biden is due to visit Germany on Friday, having cancelled a visit last week because of Hurricane Milton striking the U.S., German government sources told Reuters on Sunday. Spiegel magazine had earlier reported the new date, saying plans for meetings were already well advanced. The sources said Biden’s visit would not have the character of a formal state visit but would be slimmed down to attend to joint work in progress. Spiegel magazine said official meetings with Chancellor Olaf Scholz and President Frank-Walter Steinmeier were on the agenda for next Friday. Talks would address…
Two Brookfield entities are making changes to avoid additional costs. Brookfield Renewable (BEP 0.74%) (BEPC 1.32%) and Brookfield Infrastructure (BIP 1.61%) (BIPC 0.56%) have done a magnificent job providing their investors with lucrative and growing streams of income over the years. The affiliates of Canadian investment company Brookfield have increased their payouts annually for more than a decade. Meanwhile, each entity offers a high dividend yield — around 5.5% for Brookfield Renewable and 4.8% for Brookfield Infrastructure at Friday’s closing prices. The high-yielding companies both recently revealed plans to reorganize, which might have investors concerned about what the future now holds for these…
The Ford Mustang has once again claimed the title of America’s most popular mainstream sports car for the third quarter of 2024. With an impressive 9,041 units sold during this period and a total of 36,485 deliveries year to date, the iconic pony car continues to reign supreme. Meanwhile, the discontinued Camaro and Challenger models saw significantly lower sales figures. Despite their recent discontinuation, the Camaro managed to sell 444 units in the third quarter, while the Challenger sold 3,657. The Challenger’s year to date sales of 24,874 were surprisingly high, considering its impending end of production. The Corvette, while…
As the automotive world continues to evolve, Chevrolet, like many other automakers, is undergoing significant changes. The brand has recently made the strategic decision to phase out most of its passenger car lineup, leaving only the iconic Corvette standing. Despite these changes, General Motors, Chevrolet’s parent company, has maintained its position as the top-selling automaker in the United States. However, Chevrolet’s sales have experienced a slight decline, particularly for its passenger car models. The once-popular Camaro, for example, has seen a dramatic drop in sales. Chevrolet El Camino: A Modern Concept Revives a Classic Coupe Utility (rostislav prokop /Instagram) One…
Image source: Getty Images Who doesn’t love the idea of earning a second income? With interest rates pushing up the cost of living, dividend stocks are becoming an ever-increasingly attractive proposition, especially those with an enticing yield. After all, investors simply have to just buy and hold these assets to earn some extra cash passively. But how much money can investors actually make with this investing strategy? And what are some of the pitfalls to be on the lookout for? Let’s explore Unlocking a £11.9k a year Let’s say an investor’s been savvy. And after a year of saving, they…
BNY Mellon (NYSE: BK) reported robust third-quarter earnings, with earnings per share (EPS) of $1.50, up 22% year-over-year, and total revenue of $4.6 billion, a 5% increase from the previous year. The company also announced the acquisition of Archer to enhance its asset servicing capabilities.Key Takeaways • EPS of $1.50, up 22% year-over-year • Total revenue of $4.6 billion, a 5% increase • Assets under custody and/or administration surpassed $50 trillion • Acquisition of Archer announced • Introduction of Alts Bridge for wealth advisers • $1.1 billion returned to shareholders in Q3 2024Company Outlook • Expects to maintain flat core…
Since their emergence in the 1970s, defined contribution (DC) plans in the United States have evolved. One notable change has been a shift in how they develop investment lineups for participant-directed DC plans. Plan sponsors are progressing from simply using commonly held investment beliefs to creating a structure that intentionally considers the characteristics and needs of their unique group of participants. In this article, I outline the process for creating such a structure from an asset class perspective. A key component to thoughtful DC plan investment design is crafting a diversified investment structure before selecting specific investment vehicles. Regulatory Foundation…