Chinese investment in Mexico – widely perceived as a handy detour around US-imposed tariffs – could be six times more than what is reflected in official data, a risk consultancy estimated in a report released on Thursday.The Washington-based Rhodium Group has turned up more than 700 completed foreign direct investment transactions from China to the Latin American nation with a cumulative value US$13 billion. Both figures, if accurate, would overshadow official tallies of investment stock – the total accumulated level of direct investments.Chinese investments mostly take the form of factories that produce motor vehicles, electronics and consumer goods. Many use…
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Renault, the French automaker, has revealed a new concept car, the Embleme, that showcases their commitment to a carbon neutral future. This ‘shooting brake’ station wagon, designed to be a showcase of technical prowess, combines both battery electric vehicle (BEV) and fuel cell electric vehicle (FCEV) technology. The Embleme features a hydrogen fuel cell stack that can be refilled at hydrogen stations, as well as a battery pack that can be recharged from any outlet. This hybrid approach aims to provide the best of both worlds, offering long range capabilities and quick refueling options. While the design may be unconventional,…
The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene, the Labor Department reported Thursday.The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.4%. Both readings were 0.1 percentage point above the Dow Jones consensus.The annual inflation rate was 0.1 percentage point lower than August and is the lowest since February 2021.Excluding food and energy, core prices increased 0.3% on the month,…
Image source: Getty Images A lot of investors like the idea that buying a penny share could sometimes mean paying pennies for something that turns out to be worth a lot more in future. But penny shares can be potentially lucrative in other ways too. Some pay substantial dividends. For example, one I own yields over 8%. I like that passive income and plan to keep holding the share – but will the payout continue? Strong market position The dividend in question has not yet sent me up the wall, but what goes up walls is something this company knows…
In a recent episode of The Ramsey Show, Dave Ramsey responded to a caller, Daniel from Houston, who asked if his aggressive investment plan was too extreme. Daniel and his wife, both recent college graduates, earn a $200,000 household income with a take-home pay of $145,000 after deductions. They live in an apartment and have zero debt, a six-month emergency fund, and a goal of having Daniel’s wife become a stay-at-home mother. Daniel asked Dave Ramsey whether they were going overboard by investing 60% of their take-home pay while living in an apartment. Don’t Miss: Ramsey’s advice was rooted in…
A closely watched report on US inflation showed consumer price increases ticked lower on an annual basis during the month of September but “core” prices remained sticky, according to the latest data from the Bureau of Labor Statistics released Thursday morning.The Consumer Price Index (CPI) increased 2.4% over the prior year in September, a slight deceleration compared to August’s 2.5% annual gain in prices. The yearly increase, which was the lowest annual headline reading since Feb. 2021, came in hotter than economist expectations of a 2.3% annual increase.The index rose 0.2% over the previous month, matching the increase seen in…
On Thursday, Needham analyst reiterated a Hold rating on InMode (NASDAQ:) Ltd. (NASDAQ: INMDInMode Ltd. (NASDAQ:INMD), a medical technology company, which announced a third-quarter revenue projection that exceeded market expectations. The company expects its revenue for the quarter ending September 2024 to be approximately $130.0-130.1 million, which represents a 5.6% year-over-year growth and surpasses the consensus estimate of $115.8 million. The third-quarter revenue includes $31.9 million from new platform pre-orders made in the first half of 2024, which could not be shipped to customers until the third quarter. This backlog has now been cleared, with InMode stating it has fulfilled…
On September 26, voluntary carbon market (VCM) solutions provider Abatable revealed its second annual VCM Investment Attractiveness Index at the Climate Week event in New York.The Index, based on up-to-date data gathered from the VCM, showcases countries from around the world that ranked as most preferred for carbon credit investments due to their agility in adopting rules and regulations that ease voluntary carbon market transactions. The top 5 countries currently most attractive to investors are Colombia, Kenya, Cambodia, Mexico, and Peru. These countries earned the leading five positions mostly on the grounds of their regulations that grant a stabler environment in…
Developers of carbon credit projects will have to carry out a risk assessment and minimise any social or environmental impacts The UN’s new carbon market will have a compulsory mechanism that aims to prevent developers of carbon credit projects from breaching human rights or causing environmental damage with their activities – a first for the UN climate process. Developers of projects under the UN’s new Article 6.4 carbon crediting system will be required to identify and address potential negative environmental and social impacts as part of a detailed risk assessment under new rules adopted by technical experts in Baku, Azerbaijan, on…
On Thursday, Craig-Hallum increased the stock price target for Applied Blockchain Inc (NASDAQ:APLD) to $12.00 from the previous $10.00, while maintaining a Buy rating on the stock. The firm highlighted the company’s strong positioning due to significant demand from hyperscalers and its ability to rapidly build out its facilities. The analyst’s observations noted key differences in the company’s recent earnings calls, emphasizing Applied Blockchain’s confidence in securing leases and the swift progress on construction. The company has been successful in acquiring energy resources, particularly in the hydrocarbon-rich regions of the Dakotas, which has placed it ahead of competitors struggling with…