Investing.com — Volkswagen (ETR:) has announced an investment of $48 million in the Canadian lithium company, Patriot Battery Metals (TSX:). The move is part of the German automotive giant’s strategy to secure a steady supply of lithium raw materials from North America. The investment, announced on Wednesday, includes Volkswagen acquiring a 9.9% stake in Patriot Battery Metals. The deal also includes a binding agreement that obliges Patriot Battery Metals to supply Volkswagen with 100,000 tons of spodumene concentrate annually for a decade. This agreement will come into effect once the Shaakichiuwaanaan Project in Quebec, which is currently under development, begins…
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Frontier coalition members to bulk buy carbon credits from climate tech firms CO280 and CREW Source link
Image source: Getty Images A price-to-book (P/B) ratio measures the share price in comparison to the book value of the business. The book value is essentially the total assets minus liabilities of a firm. A ratio between one and two is fair, but sometimes lower values can indicate a stock for investors to consider buying. Here are two potential value shares with low ratios. Growing earnings The first one is Standard Chartered (LSE:STAN). The stock has jumped by 56% over the past year, yet based on the P/B ratio, I can still refer to it as a potential value share.…
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Unlike most personal finance questions, the answer to this one is short and simple: yes, waiting until April 1st to take your first RMD will affect the amount of your second year’s RMD. The IRS rules on required minimum distributions – RMDs – demand that anyone turning 73 in 2024 withdraw a certain minimum amount from their IRAs and other tax-deferred retirement accounts, and continue doing so in every subsequent year. The penalty for blowing off an RMD is 25% of the amount not…
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.Picking the best rewards credit card may feel overwhelming. There are so many options that it can be hard to know which is best for you.You don’t have to be an aggressive points optimizer to enjoy the perks of a good rewards credit card. With the right card and good financial habits (paying your balance off on time and in full each month), you can earn hundreds of dollars in rewards each year.To help you pick a rewards card, CNBC Select reviewed each card’s rewards structure and additional…
By Emma Farge GENEVA (Reuters) -A U.S. envoy told Reuters that U.S. President-elect Donald Trump’s team should stay active at the United Nations Human Rights Council, partly to counter what she described as China’s “dangerous” influence. In his first term, Trump quit the Geneva-based body, citing an anti-Israel bias. The U.S. rejoined in 2022 under Trump’s successor, Joe Biden. Michele Taylor, who has been Washington’s envoy to the council since, said it was important to stay engaged and that she planned to make this case to Trump’s team as part of the handover. “All of our priorities that are addressed…
GLOBAL – Stankevicius International, a company led by entrepreneur Paulius Stankevicius, has announced the launch of a real-time carbon credit trading marketplace for both retail investors and institutional traders. The platform, named Stankevicius International GO, will allow users to trade carbon credits against the (USDT) cryptocurrency. The new platform is among the first in the world to offer such a trading option, enabling real-time price speculations on carbon credits. Clients will be able to deposit USDT directly into their accounts on the Stankevicius International GO platform to engage in trading activities. Stankevicius International is positioning itself as a significant player…
The financial landscape is showing signs of strain as bankruptcy filings surge, with businesses and consumers alike feeling the pressure of shifting economic conditions. Despite Federal Reserve rate cuts aimed at stabilizing the market, historical patterns suggest that monetary policy alone may not be enough to stem the tide. As cracks in the system become more apparent, understanding the drivers of the rise in bankruptcies is crucial for navigating the challenges ahead. Statistics reported by the Administrative Office of the US Courts show a 16% surge in bankruptcy filings in the 12 months before June 30, 2024, with 486,613 new cases, up…
Image source: Getty Images With the Lloyds Banking Group (LSE: LLOY) share price only around 55p, at the time of writing, am I mad to think about it reaching £1? Well, maybe. But if I didn’t think it could reach that level some day, I wouldn’t have bought any. Now, I see pretty much no chance of getting 100p each for my Lloyds shares in 2025, or in 2026, or any time soon. But I do see events in 2025 that could help push Lloyds and other bank shares in the right direction, and that’s what I want to think…
MP Materials Corp. (NYSE:MP), a leader in metal mining with a market capitalization of $3.01 billion, announced on Monday that it has successfully negotiated an exchange of its green convertible senior notes due in 2026 for new convertible senior notes maturing in 2030. According to InvestingPro data, the company operates with a moderate debt level, maintaining a healthy debt-to-equity ratio of 0.89. This strategic move, involving a private transaction exempt from registration under the Securities Act of 1933, has allowed the company to extend its debt maturity profile and reduce its total outstanding indebtedness by approximately $27 million. The company…