SPDR Gold Shares (GLD) celebrates its 20th anniversary as the world’s largest gold ETF with over $78.3 billion in assets. A new survey by State Street Global Advisors reveals significant growth in gold investment, with 38% of U.S. investors now holding gold, up from 20% in 2023.The 2024 Gold ETF Impact Study shows that 84% of gold ETF investors report improved portfolio performance. Investors view gold as a safe haven during market volatility (57%) and an inflation hedge (51%). Millennials lead adoption with 61% holding gold, compared to 35% of Gen X and 20% of…
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McDonald’s is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on Quarter Pounder hamburgers. (Source: CNN Newsource, AP, Gray Media) Source link
Researchers say carbon credit projects involving private companies, NGOs and logging companies have proliferated in the Democratic Republic of Congo.They’ve documented projects covering more than a quarter of the DRC’s nearly 200 million hectares (494 million acres) of forest.Preliminary findings suggest that the DRC lacks the governmental guardrails to ensure these projects are helping to avoid deforestation and that they are not harming communities.In late 2021, an India-based consultancy signed carbon credit project agreements with 25 communities in the DRC but provided little information about the projects. The company is reportedly no longer operating in the country.See All Key Ideas…
Image source: Getty Images Whether it’s stocks and shares or cash, the contribution limit for an ISA is £20,000 per year. Depositing that each year and earning a 3% compound annual return tax-free makes a millionaire after 30 years. Finding that kind of money to deposit isn’t straightforward. But for those aiming for a million, is it better to stick to cash or think about equities? Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is…
US stock futures traded mixed on Monday amid fading optimism for interest-rate cuts, as investors looked ahead to Nvidia (NVDA) earnings to test the health of the AI trade. Dow Jones Industrial Average futures (YM=F) slipped roughly 0.2%, while S&P 500 futures (ES=F) were broadly flat. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%, buoyed by a jump in Tesla (TSLA) stock. Stocks are starting the week on the back foot as the prospect of higher-for-longer rates holds post-election bullishness in check. The S&P 500 has reversed half of its Trump-fueled rally after sharp weekly losses for the major…
The UK government remains steadfast in its electric vehicle (EV) mandate, with Transport Secretary Louise Haigh reaffirming that the targets will not be relaxed. However, she acknowledged the possibility of introducing “flexibilities” to address challenges faced by manufacturers. Under the mandate, an increasing percentage of new cars sold must be electric, culminating in an outright ban on petrol and diesel cars by 2030 and hybrids by 2035. Failure to meet these targets incurs significant fines of £15,000 per vehicle, a concern as EV sales currently lag behind the required percentage for next year. Amid mounting concerns, Nissan, a major UK…
NEW DELHI (Reuters) – India’s economic growth requires “far more affordable” bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy remained on course. “At a time when we want industries to ramp up and build capacities, bank interest rates will have to be far more affordable,” the minister, Nirmala Sitharaman, said at an event in Mumbai. Last week, the nation’s trade minister said the Reserve Bank of India (NS:) (RBI) should cut interest rates to boost economic growth and look through food prices while deciding on monetary policy. The…
The arrival of the 2025 model year ushers in significant changes: fresh additions in showrooms and the farewell of several familiar names. As the automotive industry shifts towards electric vehicles (EVs) and SUVs, some iconic performance cars, dependable sedans, and economic models are being left behind. Here’s a comprehensive look at what’s retiring—from beloved muscle cars to practical sedans and quirky compacts. Performance Icons Exiting the Stage Chevrolet Camaro After a storied history, the Chevrolet Camaro is officially retiring. Following a farewell edition known as the Panther, the legendary muscle car won’t be part of Chevy’s future lineup. While Chevrolet…
A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Faith Ninivaggi | ReutersCVS Health said on Monday it would add four new members to its board in an agreement with Glenview Capital Management, including the hedge fund’s chief executive Larry Robbins.Shares of the healthcare conglomerate rose nearly 3% in premarket trading.Longtime investor Glenview Capital Management bought 2.8 million CVS shares during the third quarter, increasing its stake by 31%.”In our discussions with the leadership at Glenview, we agreed that we can deliver greater…
The 2024 Global Automotive Consumer Study highlights major trends and disruptive technologies that are set to influence the automotive industry. Surveying over 27,000 consumers from 26 countries, the study identifies key areas of change, including electric vehicle adoption, shifting brand preferences, interest in connected technology, and a rise in vehicle subscription models. These findings offer valuable insights for companies seeking to adapt to consumer demands and challenges in the mobility sector. Electric vehicle adoption faces challenges that could hinder decarbonization efforts. Despite price reductions and government incentives aimed at boosting EV sales, issues like high upfront costs, range anxiety, and…