Edward S. Hyman, Vice Chair at Evercore Inc. (NYSE:EVR), recently sold shares of the company’s Class A common stock totaling approximately $10.19 million. The transactions occurred over three consecutive days, with shares sold at prices ranging from $300.08 to $308.32. On November 12, Hyman sold 10,305 shares at an average price of $308.32, followed by a sale of 12,316 shares on November 13 at $304.75. The final transaction took place on November 14, involving 10,869 shares sold at $300.08. Following these sales, Hyman retains ownership of 1,776,766 shares of Evercore’s Class A common stock. These transactions reflect a strategic adjustment…
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STORY: “Investors really would be wise to curb their enthusiasm and, you know, be cautious in terms of looking for those companies that can ride out any bumps that may come along the way next year,” says Krawez. “While everyone’s sort of convinced that the Fed has engineered a soft landing, the reality is soft landings are actually really rare. And so, they’re still, in our view, you know, heightened chances of a recession occurring. The other two things are: you’ve got geopolitical risk, which seems to have been shoved onto the back burner, but you’ve got a lot going…
A key oversight body has approved new standards for nature-based offsets, a move that could help restore investors’ confidence in a market battered by greenwashing concerns.More than 400 million nature-based offsets currently in the pipeline are set to be eligible for the Core Carbon Principles label set by the Integrity Council for the Voluntary Carbon Market. The credits fall under three so-called REDD+ methodologies newly approved by the body, with each credit representing a ton of CO2 emissions avoided through preventing deforestation. REDD+ refers to reducing emissions from deforestation and forest degradation in developing countries. Source link
Greenlight Capital’s David Einhorn was interviewed by our Leslie Picker at CNBC’s Delivering Alpha event Wednesday. Einhorn spoke about the election results, inflation and some of his current stock picks (including CNH Industrial and Peloton Interactive), but soon returned to a familiar theme: the long, slow descent of value investing. “It’s continuing to get worse,” the hedge fund manager told Picker. “We are in a secular destruction of the professional asset management community.” As he has done several times before, Einhorn pointed a finger at passive, index investors: “The passive people, they don’t care what the value is.” Markets are ‘broken’In Einhorn’s estimation, markets are “broken,”…
Lenovo delivers robust, sustainable, and accelerated growth – focus on hybrid AI driving market differentiation and industry leadership HONG KONG–(BUSINESS WIRE)–Lenovo Group (OTC:) Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (˜the Group’), today announced Q2 results for fiscal year 2024/25, reporting significant increases and growth in net income, year-on-year revenue growth for the 4th consecutive quarter, and strong double-digit year-on-year revenue increases from all its business groups. Group revenue increased 24% year-on-year to US$17.9 billion. Net income was up 48% year-on-year to US$404 million on a non-Hong Kong Financial Reporting Standards (non-HKFRS)[1] basis, and non-PC revenue mix was…
Fed Chair Jerome PowellBonnie Cash/Getty Images Indexes wavered Thursday as traders received wholesale inflation data. The producer price index showed prices rising 0.2% last month as expected. Markets will be tuned into Fed Chair Jerome Powell’s remarks later in the day. Indexes traded mixed on Thursday as traders assessed new inflation data and waited for remarks from Federal Reserve Chair Jerome Powell. The S&P 500 and Dow Jones Industrial Average were nearly flat, while the Nasdaq inched higher. Bond yields dipped as another tame inflation report opened the door further for another rate cut in December. The 10-year Treasury yield…
Tyler Reddick’s journey toward his first NASCAR Cup Series championship at Phoenix Raceway was filled with intensity, beginning on Thursday with preparations for one of the biggest weekends of his career. Reddick was one of the final four contenders, known as the Championship Four, alongside William Byron, Joey Logano, and Ryan Blaney. The championship would go to the highest finisher among them on Sunday. The lead-up to the race was challenging for Reddick and his team, 23XI Racing. Reddick was the sole Toyota representative after his team owner, Denny Hamlin, was eliminated the prior week, and his manufacturer teammate, Christopher…
Canada’s highways, shopping centers, schools and equipment are aging without being replaced as investment in infrastructure slows. The average age of the country’s non-housing capital stock was just over nine years in 2023, leaving 63.3% of its “useful” life remaining, according to data released Thursday by Statistics Canada. It’s the eighth consecutive year that the so-called remaining useful service life ratio has fallen, leaving the nation with the oldest infrastructure it’s had in data going back to 2009. Source link
A dream unfulfilled for Jaguar enthusiasts is finally becoming reality. The Jaguar C-X75, a stunning concept car revealed in 2010, captured the imagination with its cutting-edge hybrid powertrain and sleek design. Though production plans fell through, the car’s legacy lives on. This innovative concept underwent several transformations, first boasting a powerful diesel fueled turbine hybrid system, then receiving a rework by Williams Advanced Engineering. While a production run never materialized due to economic concerns, the C-X75 found a surprising path to the big screen, starring in the James Bond film Spectre. Iconic Jaguar C-X75 from James Bond’s Spectre Transformed into…
getty It’s never too late to review your investment strategies to save on taxes, especially with many investors’ least favorite season, tax season, rapidly approaching. This guide explores tax-saving moves you can make today to reduce your tax burden, strengthen your investment portfolio and improve your retirement investment plan. Whether you’d like to utilize a retirement account, invest in a more tax-advantaged asset or increase your charitable giving while reducing your taxes, each section of this article will provide new ideas to save on taxes through your investment portfolio. Understanding Tax-Saving Opportunities In addition to maintaining a high savings rate…