Mexico has become an increasingly attractive destination for investors. The country boasts several economic advantages, particularly its proximity to the United States. It’s also home to a youthful population that is well-equipped for the workforce — a median age of 29 with 45% of its citizens younger than 25. The Mexican government has developed programs to upskill its young citizens and prepare them for a tech-centric future. The country’s information technology market surpassed $2 billion in 2022. Outside the workforce, Mexico’s youth are significant drivers of consumer spending, forming the bulk of 126 million Mexican consumers whose purchasing power continues…
Author: user
Image source: Getty Images The FTSE 250 consists of mid-cap companies just below those in the FTSE 100, as ranked by market capitalisation. These medium-sized businesses tend to be more domestically focused than their blue-chip counterparts. As a group though, FTSE 250 stocks have struggled in recent times, rising just 3.75% in five years (not including dividends). This poor performance largely reflects the challenges faced by the UK economy, including Brexit, Covid, high inflation, and a cost-of-living crisis. The UK’s economic productivity also remains notoriously weak. However, inflation finally seems to be under control and interest rates are set to…
The U.S. Department of Energy (DOE) is taking major steps to boost the nation’s power grid, aligning with the Biden-Harris Administration’s Investing in America agenda. The DOE announced two important actions to lower costs and improve energy access. The first is a $1.5 billion investment in four key transmission projects and the second is the release of the final National Transmission Planning (NTP) Study. These moves reflect the administration’s commitment to making the electricity grid more reliable, resilient, and capable of meeting growing demand with affordable, clean energy. DOE’s $1.5 Billion Boost for Critical Transmission Projects The press release explains…
By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Monday imposed sanctions on an international Hamas fundraising network, accusing it of playing a critical role in external fundraising for the Palestinian militant group, in action marking the first anniversary of the Gaza war. The U.S. Treasury Department in a statement said it imposed sanctions on three people and what it called a “sham charity” that it accused of being prominent international financial supporters of Hamas, as well as on the Al-Intaj Bank in Gaza that it said was controlled by the group. Also targeted was a longstanding Hamas supporter,…
Strategic investment from Goldman Sachs Alternatives and additional credit facility commitments fortify BrightNight’s standing as a leading U.S. renewable power platform. NEW YORK, Oct. 7, 2024 /PRNewswire/ — BrightNight, the next-generation renewable power producer built to deliver clean and dispatchable power solutions, today announced the successful closing of a $440 million strategic equity investment from Goldman Sachs Alternatives. This investment, together with existing capital commitments from leading institutional investors, is expected to fully fund BrightNight’s five-year business plan and advance the execution of its 31-gigawatt renewable power project portfolio, which includes solar, energy storage, and hybrid solutions. BrightNight Chairman and…
US stocks slipped on Monday as investors overhauled their views on interest rate cuts after a blowout jobs report ahead of a week of key inflation data and the start of earnings season.The Dow Jones Industrial Average (^DJI) fell 0.3% after notching a fresh record high as stocks soared to close the week. The S&P 500 (^GSPC) shed roughly 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) led the losses with a 0.4% drop.Hopes for an outsized rate cut from the Federal Reserve have melted away after a better-than-expected September jobs report dispelled concerns about cracks in the labor market. The…
Image source: Getty Images A near-tripling in the price of Diageo (LSE: DGE) shares between 2012 and 2022 meant the dividend yield rarely rose much above 2%. As a result, the FTSE 100 alcohol stock was widely seen as offering more potential for growth than income. However, with Diageo down 35% since the start of 2022, the yield has risen to just above 3%. This is also due to the resilience of the dividend, which continued during the pandemic when other blue-chip firms were cutting, axing, and postponing payouts. Dividend forecast In the table below, I show analyst consensus forecasts…
The defense sector comprises companies that provide military and national security-related products and services. These firms develop and manufacture weapons, aircraft, vehicles, and technology for defense purposes. Defense stocks represent shares in these companies that are publicly traded on stock exchanges. The sector’s performance often correlates with global geopolitical events and government defense spending. Investing in defense stocks can offer several potential benefits. These companies often have long-term government contracts, providing stable revenue streams. Defense spending tends to remain consistent regardless of economic conditions. Many defense firms pay dividends, appealing to income-focused investors. However, there are also risks to consider.…
In a year marked by significant volatility, GORV stock has reached a new 52-week low, trading at $1.37. This latest price level reflects a stark downturn for the company, which has seen its stock value plummet over the past year. Investors have witnessed a dramatic 1-year change, with Lazydays Holdings, Inc. (NASDAQ: LAZY), the parent company of GORV, experiencing a staggering decline of -80.2% in its stock price. This considerable drop has raised concerns among shareholders and market analysts alike, as they assess the company’s performance and future prospects in an uncertain economic environment. In other recent news, Lazydays Holdings…
Image source: Getty Images One argument for investing in medium-sized companies is that they have more opportunities for growth than large, mature ones. Looking at the five-year performance of the FTSE 100 and FTSE 250 indexes though, this is not immediately obvious. During that time, the leading index of large blue-cap companies has grown by 14.2% while the secondary one is up just 3.6%. Could that be because of some systemic problem with the sorts of companies seen in the FTSE 250? Or might it point to an undervaluation problem? Quality street or dead-end alley? Starting with the first possible…