An aerial view shows the damaged Albert Whitted Airport, in the aftermath of Hurricane Milton, in St. Petersburg, Florida U.S., October 10, 2024. Marco Bello | ReutersRestoring power, clearing debris and distributing fuel are now the top priorities in Florida as the state continues to reel in the wake Hurricane Milton. More than 1.5 million are without power and at least 17 fatalities have been confirmed as recovery efforts continue into the weekend.Florida Gov. Ron DeSantis said Saturday that efforts are still underway to assist residents and provide resources to hard-hit areas across the state. Parts of western and central Florida continue…
Author: user
(Reuters) – Venezuela has canceled the passports of dozens of journalists and activists since President Nicolas Maduro claimed a re-election victory, part of what rights groups say is an intensifying campaign of repression against the authoritarian president’s opponents, the Financial Times reported on Saturday. At least 40 people, mostly journalists and human rights activists have had their passports annulled without explanation, the newspaper reported, citing Caracas-based rights group Laboratorio de Paz. The group warned that the number of people who have had their passports canceled is likely to be much higher due to Venezuelans’ fear of reporting cases, the FT…
October’s strong US employment report supports expectations of a soft landing and continued economic expansion, crucial for multi-asset strategies. Source link
By Gwladys Fouche, Chang-Ran Kim OSLO/TOKYO (Reuters) -Japanese organisation Nihon Hidankyo, a grassroots movement of atomic bomb survivors from Hiroshima and Nagasaki, won the Nobel Peace Prize on Friday, in a warning to countries that have nuclear weapons not to use them. Many survivors of the only two nuclear bombs ever to be used in conflict, who are known in Japanese as “hibakusha”, have dedicated their lives to the struggle for a nuclear-free world. The Norwegian Nobel Committee said in its citation the group was receiving the Peace Prize for “its efforts to achieve a world free of nuclear weapons…
The secondary watch market has declined over the past two years.But watches from the Big Three brands — Rolex, Patek Phillipe, and Audemars Piguet — are still reselling for higher than their retail prices.These are the models that are the best investment right now. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. 2024 has not been…
Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks on the market over the past two years, and the catalysts that drove it higher are still present. But after its strong run-up, is Nvidia stock still a smart buy at its current level, or would those who hold shares be advised to sell and take some profits?There are valid arguments for both views.The sell argument: How long will this demand wave last?Nvidia’s rise has been directly tied to the artificial intelligence (AI) arms race. Its primary products are graphics processing units (GPUs) — parallel processors that excel at handling…
Building sufficient retirement savings remains a significant financial challenge for many Americans. Personal finance expert and co-host of Smart Money Happy Hour George Kamel joins Wealth! to discuss common mistakes and offer advice for individuals looking to build their retirement savings.Kamel suggests that before investing, individuals should first focus on eliminating consumer debt “because it’s robbing your ability to invest.” His second recommendation is to establish a fully funded emergency fund covering 3-6 months of expenses. Only after completing these two steps, he says, “then your ready to invest,” advocating for allocating 15% of income towards retirement.Kamel also identifies several…
This Dividend King is beyond Buffett’s reach to fully acquire and is a great pick for income investors. Warren Buffett wrote in his latest letter to Berkshire Hathaway shareholders, “Your company also holds a cash and U.S. Treasury bill position far in excess of what conventional wisdom deems necessary.” That’s an understatement. As of June 30, Berkshire’s cash position stood at almost $277 billion. That’s by far more cash than the conglomerate has ever had. BRK.A Cash and Short Term Investments (Quarterly) data by YCharts What could Buffett do with Berkshire’s boatload of cash? Buffett has mentioned that he doesn’t…
Image source: Getty Images The idea of getting into the stock market can be an exciting but daunting one. For example, one concern some people have is that it is not possible to start investing without a large sum of money. In fact, that is not the case. Personally I see some advantages to starting on a smaller scale and trying to keep the cost of any beginner’s mistakes as small as possible. If I had a spare £300 and had never invested before, here is the approach I would take to getting started this month. Learn, learn, learn First…
When Amazon (AMZN) announced its expansion into Nashville, including a new headquarters there, the move marked the single largest jobs commitment made by a company in Tennessee’s history.The data shows the tech giant’s arrival has made a difference in the economy too.“Like any economist, I was skeptical before I saw the results,” said Vikram Pathania, one of Amazon’s principal economists. “You see employment go up, you see income go up, and you see these indicators move positively.”In 2023, Amazon’s investments contributed $4 billion to Tennessee’s gross domestic product and supported 15,000 indirect jobs, according to data provided by the company.…