In any week up to 400 students show up for Bentley Investment Group (BIG) pitch meetings. One of the largest student organizations on campus, the group is responsible for managing a portion of the university’s endowment. The fund they manage originated in 1997 and has grown to more than *$1.5 million. Max Provencher “I’ve heard from a lot of first-year students that the Bentley Investment Group is a big reason they chose to attend Bentley,” says Max Provencher ’25, vice president of operations and a technology sector portfolio manager for the group. Provencher, who is majoring in Finance and minoring in Politics…
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Martin Roper, Chief Executive Officer of Vita Coco Company, Inc. (NASDAQ:COCO), recently sold shares totaling approximately $757,776. The transactions, which occurred over two days, involved the sale of common stock at prices ranging from $35.053 to $35.264 per share. On November 12, Roper sold 5,000 shares at a weighted average price of $35.264 and another 5,000 shares at $35.261. Additionally, 5,000 shares were sold at $35.262, and another 5,000 at $35.26, all executed through family trusts. The following day, he sold smaller amounts, including 300 shares at $35.053 and 398 shares at $35.08. Following these transactions, Roper retains a significant…
The 2025 Lincoln Navigator, despite its impressive redesign and luxurious features, faces a significant challenge in the form of its steep price increase. The base model now starts at a hefty $101,990, which is a substantial $12,400 more than the starting price of the Cadillac Escalade, even after accounting for the Navigator’s standard four wheel drive. This premium pricing puts the Navigator at a significant disadvantage, especially when considering the Escalade’s strong market position and loyal customer base. Furthermore, the Navigator’s price hike comes at a time when consumers are increasingly seeking value for their money. 2025 Lincoln Navigator Now…
Alpine Formula One has confirmed a new partnership with Mercedes for engine and gearbox supply, starting in 2026 and continuing through 2030. This arrangement marks a major shift from Alpine’s reliance on its parent company, Renault Group, for engine production. With Mercedes taking on Alpine as a new client, alongside existing agreements with McLaren and Williams, Mercedes will remain a prominent engine supplier in Formula One, even as it loses Aston Martin to a new Honda partnership in 2026. This agreement allows Alpine to benefit from Mercedes’ established power unit technology while maintaining a long-term supply agreement. The move follows…
US stocks slid on Thursday as the post-election rally stalled further and investors assessed remarks from Federal Reserve Chair Jerome Powell, who said in a speech that the central bank does not need to be “in a hurry” to lower interest rates. Markets took a noticeable step lower after Powell’s comments. The Dow Jones Industrial Average (^DJI) slipped 0.5%, or more than 200 points, while the S&P 500 (^GSPC) dipped 0.6%. The Nasdaq Composite (^IXIC) was down about 0.7%, coming off a mixed day for the three major gauges. Though the mood is muted, stocks are still near recent records…
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank has time before it needs to adapt its policymaking thinking due to the return of President-elect Donald Trump to the White House. “I think it’s too early to reach judgments here” and “we don’t really know what policies will be put in place,” Powell said at a Dallas Fed event. Powell said the Fed will watch to see what elected officials do – Republicans won control of both houses of Congress in the Nov. 5 elections. “I think we have time to…
The FIA announced that Formula 1 Race Director Niels Wittich has stepped down from his role, effective immediately. Wittich, who began serving as race director in 2022 following the removal of his predecessor Michael Masi, is leaving to “pursue new opportunities,” according to an official statement. His duties will be taken over by Rui Marques, who will assume the position starting at the Las Vegas Grand Prix on November 24. The FIA expressed gratitude for Wittich’s contributions, recognizing his professionalism and dedication throughout his tenure. As the race director, Wittich managed the technical and sporting aspects of Formula 1 races,…
Warren Buffett’s Berkshire Hathaway built a new stake in Domino’s Pizza last quarter, according to a regulatory filing Thursday. The Omaha-based conglomerate bought more than 1.2 million shares of the pizza chain for a stake worth about $550 million at the end of September. Given its small size in Berkshire’s portfolio, Buffett’s investing lieutenants Ted Weschler and Todd Combs could be behind the investment. The world’s largest pizza chain fell short of Wall Street estimates for third-quarter comparable sales growth in the U.S. as competition for cost-conscious customers continued to ramp up. Shares of Domino’s have underperformed the broader market this…
Hefty capital gains tax bills could be around the corner for investors in certain mutual funds. Fund families are notifying shareholders of estimated capital gains distributions for 2024, which they will issue to investors in December. This year has been a strong one for stocks, with the S & P 500 up more than 25%, and double-digit distributions from some mutual funds are on deck. Take the Morgan Stanley Institutional Fund Trust Dynamic Portfolio (MAAQX) , which estimates it will issue a capital gains distribution of more than half its net asset value in December. These year-end capital gains distributions…
Geely, a major Chinese automotive group, announced a restructuring plan to bring its premium EV brand Zeekr into control over its sister brand Lynk & Co as part of a broader cost-cutting and efficiency strategy. This move is a significant shift in Geely’s approach, which has historically focused on acquisitions but now aims to streamline its sprawling portfolio of over 10 automotive brands. Chairman Eric Li emphasized that this integration would help the group avoid internal competition, reduce redundant spending, and clarify the positioning of each brand to strengthen Geely’s overall market competitiveness. The integration will see Zeekr and Lynk…