By Moira Warburton WASHINGTON (Reuters) – As U.S. officials struggle to push back against disinformation about natural disasters hitting the country, a Republican lawmaker from a hard-hit district condemned conspiracy theories repeated by fellow Republicans in Congress. Representative Chuck Edwards, who represents a North Carolina district hit hard by flooding caused by Hurricane Helene in late September, called out the “outrageous rumors” spread by “untrustworthy sources trying to spark chaos.” The flooding decimated much of North Carolina’s inland west, an unexpected outcome in a state which is used to dealing with hurricanes along its Atlantic coast. Over 80,000 homes and…
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A safety recall has been issued for a small number of 2023-2024 Chevrolet Colorado and GMC Canyon trucks due to a faulty front seatbelt buckle assembly. The supplier, Lear Corporation, is responsible for the issue, as the seatbelt attachment bolt may not have been tightened to the correct specifications. This could increase the risk of injury in a crash. Owners may notice a rattling sound when buckling up. While there have been five complaints, no injuries have been reported. The recall was initiated after a customer reported a loose buckle in a 2023 Colorado. General Motors is urging owners of…
Public pension funds allocate on average 30% of their assets to expensive alternative investments and as a result have underperformed passive index benchmarks by 1.2% per year since the Global Financial Crisis of 2008 (GFC). Large endowments, which allocate twice as much on average to alternatives, underperformed passive index benchmarks by 2.2% per year since the GFC. These unfortunate results typically get little attention because the overseers of public pension funds and endowments often use performance benchmarks of their own devising that give an unduly favorable impression of performance. They should use passively investable benchmarks that reflect the funds’ average…
Image source: Getty Images I’m on the looking for the best high dividend yield shares to buy in October. More specifically, I’m seeking companies whose yields sail above the Footsie‘s 3.6% forward average. Here are three of my favourites from the FTSE 100 and FTSE 250 indexes. Urban Logistics REIT Property stocks can be a great way to generate long-term passive income. They often have tenants locked down on long-term contracts, which — excluding some corporate catastrophe — means they enjoy a steady stream of income they can then distribute to shareholders. Real estate investment trusts (REITs) can be especially…
The Lamborghini Silhouette, a mid engine V8 sports car, was born during a financially challenging period for the iconic Italian brand. Developed as a response to the increasing popularity of two seat, targa top sports cars like the Ferrari 308 GTS, the Silhouette was essentially a redesigned version of the Urraco, Lamborghini’s existing 2+2 GT. Despite its evolutionary nature, the Silhouette offered a unique and stylish alternative to its rivals. The car’s distinctive wedge shaped design, penned by renowned Italian designer Marcello Gandini, was a departure from the more rounded aesthetics of the Urraco. Gandini’s clever redesign incorporated a new…
Oil came off its session lows on Wednesday as traders weighed factors impacting prices this week including the latest US inventory data, China’s stimulus, and the ongoing Middle East conflict.West Texas Intermediate (CL=F) fell as much as 2% before paring losses to trade near $73 per barrel while Brent (BZ=F), the international benchmark price, also slipped less than 1% to trade above $76.The latest US government data showed crude inventory rose by 5.81 million barrels last week, less than a gain of 11 million as projected by the American Petroleum Group, an industry organization.Wednesday’s dip follows a slide of more…
MIAMI – SKYX Platforms Corp. (NASDAQ: SKYX), a technology company specializing in smart platform technologies for homes and buildings, announced it has secured an $11 million equity preferred stock investment without warrants, at a valuation of $2.00 per share of common stock. The investment was led by a global developer and owner of the Marriott Hotel chain, which operates over 60 hotels. Key insiders at SKYX have also shown confidence in the company’s prospects through substantial personal investments. President Steve Schmidt invested $500,000, while Co-CEOs Lenny Sokolow and John Campi each invested $250,000 in the equity round. This insider buying…
A new era of astronaut training is on the horizon. German Aerospace Center, European Space Agency, and Space Applications Services are developing a groundbreaking technology called Puppeteer. This innovative system aims to replicate the low gravity conditions of the Moon right here on Earth. Unlike traditional methods, which often involve free falling aircraft or submersion in water, Puppeteer will utilize strings to suspend individuals and equipment, creating a more realistic and immersive lunar environment. By simulating the reduced gravitational pull of the Moon, Puppeteer will provide future astronauts with a valuable opportunity to acclimate to the challenges of lunar exploration.…
BMW has issued a recall for certain 2023-2025 model year vehicles due to a potential safety hazard. The issue lies in the integrated brake control module’s servomotor, which may have been improperly welded. This can lead to a loss of power brake assist, rear brake function, dynamic stability control, and antilock brake system. To address this problem, BMW will be replacing affected modules with new, properly manufactured units. Dealers have already been instructed on how to perform this replacement. However, owner notifications will not begin until November. BMW Recalls 2023-2025 Models for Brake Module Issue Rolls-Royce Spectre and MINI Cooper…
Image source: Getty Images It’s always interesting to take a look at Hargreaves Lansdown’s ‘Top of the Stocks’ page. This highlights the shares the firm’s customers were buying the most in the previous week. Last week, three of the most bought shares were BP (LSE: BP.A), Phoenix Group (LSE: PHNX) and Rolls-Royce (LSE: RR.). So what’s been driving investors to these names? BP I’m not surprised investors have been piling into BP. Late in September, the shares experienced a sharp fall. Meanwhile, oil prices shot up last week on the back of the escalating geopolitical conflict in the Middle East.…