Image source: Getty Images A high dividend yield is the most important thing to check when choosing shares for income, right? Not exactly. The thing about a yield is that it can be attractive for precisely the wrong reasons. If the share price falls and dividend payments remain stable, the yield naturally goes up. Suddenly, a 5% yield becomes a 10% yield — great news! Except the real news could be that the share price just fell 50%. Of course, if the company actually doubled the annual dividend payment then this is great news. So it’s important to check. It also…
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Why Ken Fisher Says ‘Capital Preservation’ Could Cost You Big In RetirementLegendary investor Ken Fisher has a message for retirees and those planning for retirement – the allure of “capital preservation” might be setting you up for financial disappointment.Fisher, known for his no-nonsense approach to investing, argued in a New York Post opinion report issued on Monday that the concept of capital preservation – often touted as a haven for retirement savings – is fundamentally at odds with the growth needed to sustain a comfortable retirement.Don’t Miss:“Growth and true capital preservation can’t coexist in the short run,” Fisher explained. He…
Qurate Retail, Inc. (NASDAQ:QRTEA), a leading retail company, announced today that it has entered into a pivotal agreement with its executive Chairman Gregory B. Maffei. The agreement grants the company the right to purchase shares of High Vote Stock owned by Maffei upon his death, at market price plus a 10% premium. This Call Agreement, effective upon the final approval by the Court of Chancery of the State of Delaware, also includes a right of first refusal for the company if a third-party sale is proposed. Additionally, it restricts members of the Maffei Group from selling High Vote Stock, with…
PITTSBURGH — U.S. Vice President Kamala Harris said on Wednesday she would offer tax credits to domestic manufacturers and invest in sectors that will “define the next century,” as she detailed her economic plan to boost the U.S. middle class. Speaking at the Economic Club of Pittsburgh in the battleground state of Pennsylvania, the Democratic candidate in the November 5 presidential election said she would give tax credits to U.S. manufacturers for retooling or rebuilding existing factories and expanding “good union jobs,” and double the number of registered apprenticeships during her first term. Harris also promised new investments in industries…
Pioneering Transparency: New assessments help market players quantify carbon emissions across the iron ore supply chain, aligning with regulatory demands. Industry Focused: Carbon-accounted IODEX enables steelmakers, traders, and processors to track emissions in iron ore mining and transportation. Strategic Insight: The assessment provides essential tools for evaluating and pricing carbon, aiding the industry’s decarbonization efforts. S&P Global’s Game-Changing Initiative S&P Global Commodity Insights has launched the world’s first daily carbon-accounted iron ore price assessments, a significant step in bringing transparency to the steel industry’s decarbonization efforts. This new assessment, incorporating carbon intensity estimates, is set to transform the way stakeholders…
In this piece, I’m evaluating two electric utility stocks: Constellation Energy (CEG) and Vistra Energy (VST). A closer look supports a neutral view for Constellation Energy and a bearish view for Vistra Energy.Constellation Energy is the largest U.S. producer of carbon-free energy and provides sustainable solutions to homes, businesses, and public-sector customers in the continental U.S. On the other hand, Vistra Energy produces electricity via natural gas and coal in addition to its nuclear and solar facilities. Vistra serves commercial, residential, municipal, and industrial customers in the U.S.Shares of Constellation Energy have soared 119% year to date, including an 18%…
Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX), a company focused on pharmaceutical preparations, reported significant corporate changes in a recent SEC filing. On Monday, the company’s independent registered public accounting firm, EisnerAmper LLP, resigned. The resignation came after EisnerAmper’s audit reports for the fiscal years ending December 31, 2023, and December 31, 2022, which included an explanatory paragraph regarding the company’s ability to continue as a going concern but contained no adverse opinion or disagreements on accounting principles. The company’s Audit Committee and Board of Directors responded swiftly, appointing Bush & Associated CPA LLC as the new independent registered public accounting firm on…
China’s government announced it will offer a one-time cash allowance to those in extreme poverty, a day after its central bank rolled out a slate of stimulus measures aimed at shoring up the economy.The handout will be provided to “extremely poor people, orphans and other needy people on the occasion of the 75th anniversary of the founding of New China,” China’s Ministry of Civil Affairs reported on Wednesday. That’s according to a Google translation. The subsidies will be doled out before China’s National Day on Oct. 1 to “promptly convey the Party and government’s care and concern for the needy.”…
(Reuters) – Australia’s Qantas Airways said rolling aircraft maintenance engineer strikes that began on Thursday in Melbourne and are set to continue for two weeks across the country are not expected to disrupt flights. “We’re putting contingencies in place and don’t currently expect this industrial action to have an impact on customers,” a Qantas spokesperson said. The Qantas Engineers’ Alliance, made up of several unions, said on Thursday it wants a 5% annual pay rise and a 15% first-year payment “to make up for 3.5 years of wage freezes”. The alliance said the industrial action was likely to affect Qantas…
Last week the Commodity Futures Trading Commission (CFTC) announced final guidance for voluntary carbon credit (“VCC”) derivatives contracts traded on CFTC-regulated designated contract markets (DCMs). This demonstrates further endorsement from the US government of the voluntary carbon market following the Joint Policy Statement and Principles (Principles) from the Biden administration in May this year. While the Principles sought to bolster the supply and demand sides of the market, these CFTC guidelines are focused on bolstering the integrity and standardization of VCCs by outlining principles for their derivatives trading markets. The nascent market for VCCs has grown at a substantial rate in recent years. Credits…