Aura Aero, a French aviation startup, is set to make a significant impact on the American aviation industry with the establishment of its first U.S.-based manufacturing and assembly facility in Volusia County, Florida. The company’s choice of Daytona Beach International Airport as the location for its 500,000 square foot plant marks a major milestone in its expansion plans. This new facility is expected to create over 1,000 jobs in the local aviation sector. French Aviation Startup Aura Aero to Build Sustainable Aircraft Facility in Florida (Aura Aero) Aura Aero’s commitment to sustainable aviation is evident in its product line. The…
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Goldman Sachs’ that the S&P 500 will deliver 3% annualized nominal total returns over the next 10 years has gotten a lot of attention. (Read TKer’s view and .)I think Ben Carlson of Ritholtz Wealth Management it best: “It’s rare to see such low returns over a 10 year stretch but it can happen. Roughly 9% of all rolling 10 year annual returns have been 3% or less… So it’s improbable but possible.”Investors would probably love to hear a more decisive view. But , and these kinds of imprecise assessments are the best we can do as we manage our…
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger. 2023. Edited by Peter D. Kaufman. Stripe Press. There is no shortage of advice to improve our diets. There is an “expert” for every taste: from doctors and dieticians to members of Congress (who in 2011 defined pizza as a vegetable) and social media influencers. Food companies add their own voices. The cornucopia of competing guidance overwhelms, but common sense and wisdom from our elders can guide us to the best choices. There is no shortage of guidance to improve our investment returns, either. The late Charlie Munger…
The West Coast Customs team was tasked with a devilish project. Five Ford Broncos stripped down to their bare bones, were about to undergo a monstrous transformation. The customer, a beverage company launching a new product called Devil’s Reserve, wanted these SUVs to embody the brand’s rebellious spirit. With Halloween just around the corner, the Broncos were given a sinister makeover. The door jams were cloaked in black, and the body panels were wrapped in a film that completely altered their appearance. Red Devils were emblazoned on the rear doors and windows, a nod to the new drink. West Coast…
Mercedes-Benz and Moncler have revealed a new collaboration that expands their ‘puffer vehicle’ collection. This time around, not only can you admire the unique design but also purchase items from the accompanying capsule fashion collection. The latest addition to the series, inspired by fashion designer NIGO, was showcased at the City of Genius show in Shanghai. The SUV, a restored 1990s G-Class Cabriolet, is a testament to the merging of automotive and fashion design, embodying the spirit of “Past Forward. Where the Future is Driven by the Past.” Mercedes-Benz & Moncler Revamp G-Class with Limited-Edition ‘Past II Future’ SUV and…
damircudic / Getty ImagesLooking for the hottest new investment vehicle? Well, look no further. Buffer ETFs (exchange-traded funds) are currently one of Wall Street’s most popular offerings. Jason Zweig of The Wall Street Journal wrote, “In 2018, there were 13 of these funds managing a total of $3.8 billion, according to Morningstar; at the end of last month, 342 held a combined $108.3 billion.”Learn More: 2 Best Ways To Invest $1 a Day — and What It Can Grow ToTry This: 9 Things You Must Do To Grow Your Wealth in 2024But, for the uninitiated, what are buffer ETFs —…
Lando Norris is set for a potentially stronger performance at the Mexican Grand Prix this season compared to last year, where he faced significant challenges during qualifying. Last year, Norris struggled with various issues that relegated him to 17th on the starting grid. However, he made a remarkable recovery during the race, finishing in fifth place after advancing 12 positions. His team principal, Andrea Stella, has emphasized the importance of replicating the competitive pace demonstrated in 2023 as they head into this weekend’s race. This season, Norris is in a favorable position, starting third on the grid, behind Carlos Sainz…
To counter climate change, red spruce trees are grown inside a N.C. nursery in a federal effort with … [+] the Southern Highlands Reserve to restore red spruces throughout the Southern Appalachian region.The Washington Post via Getty Images The U.S. government is channeling nearly $1 billion in federal infrastructure investments into planting native seeds in a toolkit from nature to better protect people, ecosystems and commerce from extreme weather damage. Through a myriad of programs under the U.S. Department of Interior’s Ecosystem Restoration and Resilience Framework, the National Seed Strategy is a focus area where millions of federal dollars are…
Generous dividend yields can be dangerous. Double-digit dividend yields often show a company is in deep trouble, where a stalwart series of boosted payouts couldn’t drive stock prices higher. At the same time, cash-machine businesses can power their payouts from excessive cash flows, resulting in a strong yield that can last for many years. Fortunately, a couple of perfectly healthy high-yield dividend stocks are on fire sale right now. Read on to see how International Business Machines (NYSE: IBM) and Darden Restaurants (NYSE: DRI) would fit in an income-oriented stock portfolio today. The average American savings account offers an annual…
Helmut Marko, a key figure at Red Bull Racing, has expressed concerns about the team’s position in the Constructors’ Championship as they head into the Mexican Grand Prix. He emphasized the necessity for both of their drivers to secure strong points finishes, especially with Ferrari’s impressive performance in qualifying. Following their recent 1-2 finish at the United States Grand Prix, Ferrari’s Carlos Sainz outperformed Max Verstappen in Mexico, taking pole position by two-tenths of a second. This performance has raised alarms within Red Bull about potentially losing second place in the championship standings. Ferrari’s qualifying session showcased their strength, with…