The ESG investment movement has faced significant pushback in recent years, both from advocates of corporations playing a role in social good and from those wholly opposed to the idea. Some of this is justified—the data and decision-making underlying ESG funds and ratings can often be shoddy and confusing—but this is not always true. No matter one’s view, the ESG investment industry is a very large market. It currently represents somewhere between $30 and $40 trillion in assets under management globally, and despite some recent performance wobbles and drawdowns, that number is expected to grow to between $35 and $50…
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Mercedes-Benz has issued a recall for certain GLE vehicles produced between 2021 and 2022, affecting an estimated 10,655 units in the United States. The recall is due to a potential wiring harness routing issue that could prevent the front airbags from deploying correctly. The automaker discovered the problem during an internal crash test in October 2021 and initiated a recall campaign in March 2023. Upon further investigation, Mercedes found that the wiring harness leading to the frontal airbag acceleration sensor was not routed as required in one specific case, leading to incorrect airbag deployment. This incident prompted the automaker to…
Editor’s Note: Our Enterprising Investor podcast features intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. This post summarizes the key talking points from a conversation between the show’s host, Mike Wallberg, CFA, MJ, and Meir Statman. In this episode of Enterprising Investor podcast, we delve into the relationship between money and happiness, and how your state of mind can influence investing success. Our esteemed guest, Meir Statman, a professor at the Levy School of Business at Santa Clara University and author of A Wealth of…
Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) reported transactions by Chief Financial Officer Michael Secora involving both purchases and sales of the company’s Class A Common Stock. Secora, through a series of transactions, sold a total of 30,000 shares, resulting in over $190,000 in proceeds, with the sale prices ranging between $6.3171 and $6.3583 per share. The transactions, which took place on October 8th and 9th, were executed under a 10b5-1 trading plan, a tool that allows company insiders to set up a predetermined plan to buy or sell company stock. The plan was adopted on March 1, 2024, providing a structured and…
The Dodge Charger, a muscle car icon, was introduced in 1966, just as Chrysler revealed its legendary 426 cubic inch HEMI engine. Over the years, the Charger underwent two redesigns before the Malaise Era, but its 1971 iteration stands out as the final model to feature high compression big block V8 engines. Despite its popularity, with over 70,000 units sold in 1971, the Charger R/T is a relatively rare variant. Only 3,118 R/Ts were produced that year, accounting for just 4% of total production. The majority of 1971 R/Ts were equipped with the base four barrel 440 cubic-inch V8 engine,…
Text size The UK government on Thursday announced that it had secured more than £24 billion ($31.3 billion) of private investment in green energy projects, as it gears up for an international investment summit. Prime Minister Keir Starmer called the investments “a huge vote of confidence” in his Labour government and its long-term growth plans, despite a stuttering start in power since the party’s election win in July. Labour, in opposition for 14 years, has vowed to revitalise the UK economy, which it claims faltered badly during successive Conservative administrations since 2010. Central to its plans is green energy, to…
The U.S. automotive industry is heating up as the year draws to a close. General Motors, Toyota, and Ford are battling for the top spot, with GM currently leading the pack. Toyota is close behind, and Ford is not far off. Lincoln, however, is struggling to compete with Cadillac and Lexus. The upcoming 2025 Lincoln Navigator may help to improve Lincoln’s performance, but the digital car content creators have some even wilder ideas. Vince Burlapp, a prolific virtual artist, has created some imaginative concepts for Lincoln models that could help the brand stand out. For example, Burlapp has envisioned a…
Small business owners in the Southeast who’ve been waiting for long-delayed pandemic aid are pushing for that money to recover from this fall’s brutal hurricane season. The federal government says more of it is heading their way soon.Around 400,000 claims worth $10 billion are now being processed for eligible business owners who applied for tax refunds under the Covid-era Employee Retention Credit program, the Internal Revenue Service said Thursday.The agency didn’t give a concrete timeline or geographic details about the applicants, but it said Thursday that it’s accelerating work on those claims, and it estimated this summer that at least 1.4 million were still…
Luis Boza / NurPhoto / Getty ImagesKey TakeawaysTesla is set to reveal its long-awaited robotaxi Thursday, with some analysts skeptical.Meanwhile, Elon Musk’s EV company has returned to being the most shorted stock in the United States.Weakening fundamentals and discounting measures top the list of analyst concerns.Tesla (TSLA) bulls have robotaxi fever. Shorts are betting they’ll be disappointed.As the EV giant prepares to unveil its robotaxi at its much-anticipated event Thursday, the company has found another way to grab the headlines: Elon Musk’s company has returned to its old position as the most shorted stock in the U.S. Meanwhile, the stock…
A rare automotive gem, the 1968 Mercury Cougar XR-7 GT-E Cobra Jet, is seeking a new owner after 37 years with the same family. This limited-edition muscle car, one of only 256 ever produced, boasts a striking red on black color scheme and a powerful 428 cubic inch engine. With its luxurious interior, distinctive styling, and legendary performance, this Cougar is a coveted collectible for enthusiasts worldwide. The XR-7 GT-E package adds a touch of sophistication to the already impressive Cougar. Leather trimmed seats, a unique dashboard design, and wood grain accents create a premium cabin experience. Hidden headlights, a…