The 1989 model year marked the end of an era for Mercedes-Benz with the conclusion of one of its longest-running platforms: the R107 SL convertible. Launched in 1971, this iconic model remained in production for nearly two decades. By the time it was retired, over 150,000 units had been sold in the United States. But did the “last prove to be the best of them all?” This 1989 model on offer provides a chance to find out. Listed on AutoHunter is a 1989 Mercedes-Benz 560 SL, available through a dealer in Watertown, Wisconsin. The auction is set to close on…
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(Photo by Peter Macdiarmid/Getty Images)Getty Images Investing in alternative assets is no longer just for large institutions or the ultra-wealthy. Over the past decade, access to non-traditional assets like private equity, hedge funds, and private credit has opened up for everyday investors. The collectibles market—a niche within the broader world of alternative investments, including luxury watches, art, handbags, vintage cars, and fine wine—has followed this trend, inviting a new wave of interest and participation. Although collectibles investing has been around for decades, the COVID-19 pandemic gave the estimated $450 billion market an unexpected boost. Lockdowns led people to explore their…
The iconic 1957 Chevrolet Bel Air, a symbol of American automotive excellence, experienced a surge in popularity as its successor, the Impala, was introduced. Initially conceived as a Bel Air variant, the Impala quickly captured the hearts of car enthusiasts, becoming a sales sensation and eventually claiming the title of America’s best selling automobile. While the Bel Air maintained a significant presence in the full size car market, the Impala reigned supreme, starting with the 1958 model year. A 1957 Bel Air convertible recently appeared on eBay, revealing a remarkable history of neglect. 1957 Chevrolet Bel Air Convertible (Chevrolet) Exposed…
Novo Nordisk dominates diabetes treatment and obesity care, but one clinical-stage pharma company could be the next breakout star. One of the biggest sensations fueling the healthcare space right now is the medication class of glucagon-like peptide-1 (GLP-1) agonists. Even if you aren’t familiar with the term “GLP-1,” you’ve probably heard of Ozempic and Wegovy. Both medications are GLP-1 agonists, used to treat diabetes and obesity, respectively. These treatments have become blockbuster drugs for their maker, Novo Nordisk, and have helped fuel generous gains for investors in the stock. While Novo Nordisk currently dominates the GLP-1 industry, a number of…
The Chrysler Newport, a nameplate that graced the company’s lineup for two decades, has a less illustrious history compared to its siblings, the New York and Imperial. Originally introduced as a concept car in 1940, the Newport gained prominence in the 1950s as a two-door hardtop. By 1961, it had evolved into a standalone model, replacing the discontinued DeSoto brand. Despite its longevity, the Newport’s entry level positioning and lack of glamorous features have overshadowed its significance. 1961 Chrysler Newport Highlander (Obsolete Automotive/YouTube) However, the Newport’s understated appeal and shared styling cues with more expensive Chryslers, including the iconic 300…
US companies already dominate the global stock market when it comes to size. A new chart from JPMorgan Asset Management shows that’s largely expected to continue. The firm attributes the boom to artificial intelligence. In JPM’s 2025 Long-Term Capital Market Assumptions released on Monday, the team projected that US companies’ market cap share of the total global equity market will fall from 64% currently to 60% in 2037. Still, as seen in the chart below, the US (in green) would maintain a large lead over the estimated second-largest share of the global equity market, China (in red). JPMorgan Asset Management’s…
“Future State of the Investment Industry” resonates. CFA Institute launched its Research and Policy Center (RPC) this year to be a positive influencing force in the global investment industry, transforming research insights into actions that strengthen markets, advance ethics, and improve investor outcomes for the ultimate benefit of society. The RPC brings together CFA Institute expertise along with a diverse, cross-disciplinary community of subject matter experts working collaboratively to address complex problems. It is informed by the perspective of practitioners and the convening power, impartiality, and credibility of CFA Institute, whose mission is to lead the investment profession globally by…
The Hennessey tuned Cadillac Escalade-V, dubbed the Black Raven, is a force to be reckoned with. Released in 2023, this American super SUV boasts a staggering 1,005 horsepower and 882 pound feet of torque, courtesy of the H1000 performance upgrade. With its aggressive styling and immense power, the Black Raven is a true automotive masterpiece. Under the hood, the Black Raven’s engine has been meticulously tuned to deliver exceptional performance. Hennessey’s engineers have modified the supercharger, camshaft, throttle body, cylinder heads, fuel system, air induction, valve springs, retainers, lifters, push rods, heat exchanger, crankcase ventilation, and other key components. Hennessey…
One of the world’s most remarkable car collections is set to go up for auction this weekend in Los Angeles, courtesy of RM Sotheby’s. The story behind this extraordinary trove begins in 1967, when German emigrant Rudi Klein began amassing a collection of cars and parts in a discreet junkyard in Los Angeles. Klein passed away years ago, and now his family is looking to settle the estate’s tax obligations, leading to RM Sotheby’s unearthing these automotive treasures for enthusiasts to bid on. Some standout items include Lamborghini Miuras in various states of disrepair, a rare, one-of-a-kind Mercedes-Benz 300 SL…
While crossovers and SUVs dominate the U.S. market, Cadillac remains steadfast in its commitment to sedans. The Celestiq, CT4, and CT5, including their high-performance V-Series variants, are testament to this dedication. The CT4-V Blackwing, with its 472-horsepower twin turbo V6, and the CT5-V Blackwing, boasting a 668-horsepower V8, offer exhilarating driving experiences. Cadillac’s Sedan Legacy Lives On: A Look at the Boldly Reimagined 2026 DeVille (Youtube / Digimods Design) Could Cadillac be planning a new sedan to rival German luxury brands? With its rich history and engineering prowess, the automaker certainly has the capability. A revival of the iconic DeVille…