Red Bull is likely to shake up its driver lineup next season, with Liam Lawson poised to join Max Verstappen as his new teammate. After an impressive run in his six-race audition, particularly at the United States Grand Prix, it seems increasingly likely that Red Bull will promote him. Initially thought to be competing for a seat with Red Bull’s junior team, VCARB, Lawson’s strong performances have put him in contention for a spot on the senior team, replacing Sergio Perez. Sergio Perez, despite signing a contract extension until 2025, has struggled this season, going 14 races without a podium.…
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Yuki Tsunoda, a key figure in Red Bull’s junior team since 2021, might finally have the opportunity to test a Red Bull Formula 1 car during the post-season Abu Dhabi test. Helmut Marko, Red Bull’s motorsport advisor, recently hinted that the team has “some plans” for the Japanese driver. With Tsunoda confirmed for a fifth season in 2025 with AlphaTauri, the Honda-backed driver has become the longest-serving member of Red Bull’s development program. However, his ambitions go beyond his current team, especially as Red Bull’s second driver, Sergio Perez, has struggled, failing to secure a podium finish in the last…
Dunham & Associates Investment Counsel Inc. executive vice president Salvatore Capizzi joins Wealth! to discuss why he believes financial planning has a “retirement investment paradox.””We have to recognize we are living longer, and it is not uncommon to believe now that we will be living into our hundreds, into 110 and 130 years old,” Capizzi tells Yahoo Finance. With longer lifespans and higher quality of life, financial planning begins to change.As the Federal Reserve eyes a 2% inflation rate, he explains, “Start compounding 2% inflation over a 40-year retirement or 50-year retirement. All of a sudden, you have a completely…
Stocks slumped on Wednesday as doubts about rate cuts weighed on investors dealing with a busy day of earnings highlighted by Boeing (BA) and Tesla (TSLA). The Dow Jones Industrial Average (^DJI) fell more than 500 points, or 1.2%. The tech-heavy Nasdaq Composite (^IXIC) slid about 2%, while the benchmark S&P 500 (^GSPC) was off more than 1.3%. The rally in stocks has stalled as investors debate how quickly the Federal Reserve will cut interest rates over the next year. Gloom about the prospect of rates staying higher for longer has dragged on bond prices in recent days, sending the…
Here’s how lower rates could affect your portfolios and investment strategies and how the stock market typically responds to falling interest rates. Source link
Activist hedge funds typically send requests to multiple so-called expert networks when they try to find ex-employees and other knowledgeable people to talk to about a potential target company ahead of — or amid — an insurgency campaign, Inex One CEO Max Friberg explained on the Activist Investing Today podcast.“Most [hedge funds] will engage with more than one expert network to cast a wide net and get the best information possible for the most important business decisions,” Friberg said. “It’s a jump ball between [expert networks] as they compete to find the experts for the activist. Every network has a…
On Sept. 18, 2024, the Federal Open Market Committee (FOMC) lowered its benchmark interest rate by 50 basis points or 0.50%. The move made headlines because it was the first rate adjustment since July 2023 and the first rate reduction since March 2020. The cut was prompted by improving economic conditions in the U.S. Inflation, which had driven the Fed’s rate increases in 2022 and 2023, fell below 3% in July 2024, and fell again in August and September 2024. With inflation nearing the Fed’s long-term target of 2%, investors largely expect a series of rate reductions from now through…
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024Source: Tesla | YoutubeTesla is set to report third-quarter earnings on Wednesday after the close of regular trading.Here’s what analysts are expecting:Earnings per share: 58 cents, according to LSEG consensus estimates.Revenue: $25.37 billion, according to LSEGEarlier this month, Tesla reported third-quarter vehicle deliveries of 462,890. Deliveries are the closest approximation to sales reported by Tesla. The company also said it had produced 469,796 electric vehicles in the period ending Sept. 30.While deliveries increased 6% from a year earlier, they fell…
A small statue of St. Francis sits on a stump holding court in Julie and John Christensen’s forest in Corbett. The patron saint of animals and ecology is at home among the couple’s 70-acres of Douglas firs, cedars and hemlocks near the Columbia River. The Christensens moved to Corbett, a small, unincorporated town 30 miles outside of Portland, in 1984, intending to make it a communal home for themselves and friends they’d met through Julie’s work as a Catholic campus minister at Western Washington University. Much of the forest had been clear-cut for logging and for animal grazing before they…
China Investment Corporation (CIC) is enhancing its sustainable investment capabilities for both overseas public and private market exposures, capitalising on the global green transition momentum. CIC employs a quantitative approach to sustainable public equity investing, leveraging its quantitative platform and extensive ESG data analysis. The sovereign wealth fund noted that sustainability data is generally more accessible for stocks compared to other asset classes. It is piloting this approach through a self-managed green and low-carbon portfolio. This initiative explores equity decarbonisation pathways to support sustainable investment objectives across its overseas exposures, according to its 2023 annual report released on Sept 27.…