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Image source: Getty Images Diversifying into different asset classes can be a strategy for trying to manage risk in a portfolio. But this isn’t what billionaire investor Warren Buffett thinks investors should do. According to the great man’s investment vehicle, Berkshire Hathaway currently holds around 25% of its total assets in cash and cash equivalents. Buffett’s advice to shareholders however’s quite different. Buffett’s advice At one annual meeting, Buffett offered Berkshire’s shareholders the following advice about how to manage risk: We think the best way to minimise risk is to ‘think’… have your default position as always short-term instruments and…
US stock futures traded mixed on Monday but held near record highs as investors prepared for the next batch of big bank earnings to test that rally and the chances of an economic “soft landing.”S&P 500 futures (ES=F) moved up roughly 0.2% after ending above 5,800 for the first time, while contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%. Dow Jones Industrial Average futures (YM=F) slipped 0.2%.Earnings are taking center stage as the first full week of third quarter results gets underway. How the season plays out is seen as key to the rally in stocks as the bull…
A group of business leaders and top executives is rallying in support of a bill that lays the foundation for the creation of a carbon credits market in Brazil. The group, comprising 59 members, includes notable figures such as Ana Maria Diniz (Instituto Península), Arminio Fraga (Gávea), Elie Horn (Cyrela), Fabiana Alves (Rabobank), Guilherme Benchimol (XP), Horácio Piva (Klabin), Luiza Trajano (Magazine Luiza), Paulo Kakinoff (Porto), Pedro Bueno (Dasa), and Walter Schalka (Suzano). In August, many of these leaders signed a manifesto titled “Economic Pact with Nature,” offering their support to the Executive, Legislative, and Judicial branches in advancing projects…
Piper Sandler has confirmed its Overweight rating on Tesla (NASDAQ: NASDAQ:) with a steady price target of $310. The affirmation comes as the firm adjusts its model in anticipation of the upcoming third-quarter earnings call set for October 23. The adjustment reflects Tesla’s Q3 deliveries, which surpassed the firm’s initial estimates by several thousand units. The firm’s analyst noted that while last week’s robo-taxi event showcased exciting developments, it is unlikely to affect Tesla’s financials for 2025/2026. The firm had hoped that the unveiling might provide a reason to raise estimates. However, this optimism has waned, given that the impact…
Nobel Committee announces the winners of the 2024 Nobel Prize in Economic Science during a press conference at the Karolinska Institute in Stockholm, Sweden, on October 14, 2024. The 2024 Nobel Prize in Economy was awarded to Daron Acemoglu, Simon Johnson and James Robinson for their work on formation of institutions and their impact on welfare. Anadolu | Anadolu | Getty ImagesU.S.-based economists Daron Acemoglu, Simon Johnson and James Robinson were awarded the Nobel Prize in economic sciences on Monday for their work on wealth inequality between nations.The academics have helped show why societies with “poor rule of law and institutions…
The Federal Reserve recently reduced its key interest rate by 50 basis points, signaling a shift in the economic outlook as the central bank reacts to slower growth and persistently low inflation. Such rate cuts typically ripple across the financial sector, directly influencing banks’ earnings, particularly those with extensive lending and investment operations like JPMorgan Chase & Co. (JPM). Traditionally, lower interest rates compress the margins banks earn on their lending activities, but they can also spur demand for loans and bolster fee-based business lines, adding complexity to the overall picture. For JPMorgan, one of the world’s largest and most…
Image source: Getty Images Uber Technologies‘ (NYSE: UBER) shares soared nearly 11% to $86 on 11 October. This means the growth stock‘s now at an all-time high, having risen 250% since the start of 2023. Thankfully, I scooped up a load of shares a few weeks ago. In fact, I made Uber one of my top holdings, which is rare because I normally prefer to let stocks ‘earn’ their position over time. Here’s a look at Wall Street’s growth projections and why I’m so bullish on the ridesharing giant. Why is Uber flying? Last week, Tesla (NASDAQ: TSLA) had its…
Investing.com — Evercore ISI analysts issued a Tactical Outperform call for Apple Inc (NASDAQ:) on Sunday, expecting the iPhone maker to report earnings results in line with current estimates, which could lead to a positive performance for the stock. Despite the recent bearish sentiment around Apple, particularly concerning its position in the Chinese smartphone market, Evercore analysts suggest that the perceived risks may be “overstated.” They believe this can be “offset by growth in developing markets and a strong upgrade cycle in the US where our survey work points to strong upgrade demand, driven in part by AI.” Apple shares…
Credit: Unsplash/CC0 Public Domain Biodiversity is in crisis. Human activities are driving species extinctions at unprecedented rates, but funding for conservation remains woefully inadequate. To address this gap, the concept of a Biodiversity Credit Market (BCM) has emerged, inspired by carbon credit systems that incentivize conservation and restoration efforts. However, while the BCM holds promise, it risks falling into the same pitfalls as its carbon counterpart—especially if it fails to implement rigorous science-backed baselines, monitoring and validation processes. In a publication in npj Biodiversity, T. Mitchell Aide, a research associate at the Smithsonian’s National Zoo and Conservation Biology Institute (NZCBI),…