US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist.Higher interest rates and a recession amplify US borrowing costs.By 2034, debt servicing could consume 45% of tax revenue, he estimates.America must curb its borrowing binge before it “breaks the bank,” Jeffrey Gundlach said.”Under the next few presidential administrations, the national debt will mushroom beyond the government’s ability service it, perhaps even beyond the credulity of the country’s creditors,” he wrote in The Economist. “In the coming years expect dollar debasement, debt restructuring or both.”The DoubleLine Capital founder is among a group of Wall Street…
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Image source: Getty Images Legal & General (LSE: LGEN) shares have enjoyed a nice little spell recently. As I write, the FTSE 100 financial stock is up 7.6% in just over a month. Over five years though, L&G shares have fallen around 24.3%. That’s obviously not great. But the income… The silver lining to that subdued share price is that the dividend yield now stands at a delicious 8.9%. That’s among the highest around in the UK market (or anywhere else). Better still, analysts expect the insurance and asset management firm to pay out 21.8p per share in dividends in…
Baiju Bhatt, a director at Robinhood Markets , Inc. (NASDAQ:), executed a significant sale of company stock, according to a recent SEC filing. On December 12, Bhatt sold 45,077 shares of Class A Common Stock at a price of $40.02 per share, amounting to a total transaction value of approximately $1.8 million. The sale comes as Robinhood, now valued at $38.3 billion, trades near its 52-week high of $43.83, having delivered an impressive 239% return year-to-date. This sale was conducted under a pre-arranged 10b5-1 trading plan established by Bhatt’s Living Trust in August 2024. Following this transaction, Bhatt’s Living Trust…
LAS VEGAS—Christine J. Spadafor, a director at Boyd Gaming Corp . (NYSE: (SZ:)), recently sold 660 shares of the company’s common stock. The transaction, which took place on December 12, 2024, was executed at a price of $75.68 per share, amounting to a total sale value of $49,948. The sale occurred as the stock trades near its 52-week high of $76.73, following an impressive 38% gain over the past six months. Following this transaction, Spadafor retains ownership of 5,977 shares of Boyd Gaming. The sale was conducted directly, as per the disclosure in the SEC filing. While this insider sale…
In this edition of Know Ohio, Zaria takes us from the state’s first blast furnace to the factories left today.Ohio played a key role in the development of the steel industry, starting with the creation of the state’s first blast furnace near Youngstown in 1802.This furnace melted iron to create tools and machines, marking Ohio’s early involvement in iron production.After the Civil War, Ohio’s steel industry grew, and by the late 1800s, the state was the second-largest steel producer in the U.S.The steel mills in cities like Youngstown were a central part of local life, with workers melting iron ore…
Cycling isn’t just about high-tech gadgets—it’s about the pure enjoyment of the ride. Legendary cyclist Eddy Merckx said it best: “Don’t buy upgrades, ride upgrades.” For most riders, honing the basics far outweighs investing in expensive gear. That said, a few straightforward upgrades can improve your cycling experience by boosting efficiency, comfort, and style without a hefty price tag. Here are some practical tips to enhance your ride while keeping the focus on the simple pleasure of cycling. 1. Revitalize Your Ride with New Tires Tires are the unsung heroes of your bike. Ensuring your tires are in optimal condition…
MEXICO CITY (Reuters) – The U.S. government deported drug lord Osiel Cardenas Guillen to Mexico on Monday, transferring custody of the ex-leader of the Gulf Cartel to Mexican authorities at the border city of Tijuana, two federal government officials told Reuters. One of the sources noted that the one-time cartel chief had been taken to Mexico’s Almoloya prison, and that he now faces three criminal charges, including one related to organized crime. Cardenas Guillen was freed in August after serving more than two decades years behind bars in a maximum security U.S. prison, and since then has been held by…
The check engine light is a crucial warning signal in your car, indicating potential issues with the engine or transmission. It can be triggered by minor issues like a loose gas cap or major problems such as a failing catalytic converter or internal engine failure. Ignoring the light can turn a simple, inexpensive repair into a costly and time-consuming ordeal. Understanding the reasons behind this warning and addressing them promptly can help you avoid severe damage and high repair costs. There are several common reasons your check engine light might activate. Minor issues include a loose gas cap or using…
Germany, often called the engine of Europe, finds itself at a critical juncture. Persistent economic stagnation and fears of recession dominate the landscape. A mix of soaring energy prices, geopolitical uncertainties, and weakened industrial activity has hampered the country’s traditionally robust growth. As Germany’s economic pulse falters, investors are eyeing Siemens AG (SIEGY), a stalwart in Germany’s industrial ecosystem, to gauge whether it presents a viable investment opportunity amid the turbulence. Siemens, a global leader in electrification, automation, and digitalization, is not just a barometer of Germany’s industrial health but also a company with a significant global footprint. The question…
Rio Tinto Group has announced a major $2.5 billion investment to expand its Rincon lithium project in Argentina. This move aligns with President Javier Milei’s push to deregulate the country’s economy and attract foreign investment. As demand for lithium continues to soar, this expansion positions Rio Tinto as a significant player in the battery materials market. Scaling Up Lithium’s Next Frontier The Rincon project in Argentina’s Andean salt flats is set to become one of the world’s leading lithium operations. It is part of the “lithium triangle”, home to over half of global resources. The expansion will enable an annual…