Image source: Getty Images If recent economic developments are any guide, there’s an argument for saying that we could be at the cusp of a new bull market for stocks. For this reason, I’ve been holding tight to a couple of investment trusts in my portfolio. There’s also one I’m tempted to buy when I can find the cash. Scottish Mortgage Investment Trust The once-incredibly-popular Scottish Mortgage Investment Trust (LSE: SMT) has had a tricky couple of years. Go back to November 2021 and the share price stood above 1,500p. Fast-forward to today and the very same stock changes hands…
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As we move from ambition to action on climate, realities are starting to hit. Many companies that have set climate targets are struggling to meet them—particularly when it comes to their scope 3 supply chain emissions. We need to rapidly limit deforestation—but we need new forms of finance to do so. And we must significantly expand the flows of finance for climate action to the Global South. These are not easy tasks and solving these problems will require us to get practical and use every tool we have. Now is the time to step up and deliver.The voluntary carbon market can…
Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has successfully funded and launched a new casualty sidecar facility, designed to provide up to $100 million of capital to finance the casualty reinsurance business of a global reinsurance firm over three underwriting years, and on a quota share basis. Ledger Re SPC, the recently established Cayman-domiciled subsidiary of Ledger Investing that provides investors with access to ILS, served as the retrocessionaire for the facility. Samir Shah, Chief Executive Officer (CEO) of Ledger, commented, “This is an important development for Ledger as we expand from primarily securitizing MGA-originated portfolios…
The firm maintains strong growth trajectory with new asset milestone, leading to a 400% increase in assets over the past 12 months FOSTER CITY, Calif., Sept. 24, 2024 /PRNewswire/ — GAMMA Investing, a growing financial innovator with a single focus on Tax-Smart Indexing solutions, today announced its total assets under management (AUM) surpassed $1 billion as of September 19, 2024. GAMMA, which was founded in 2021, saw a 400% increase in its AUM over the past 12 months, showcasing a remarkable growth rate in a short period of time. The milestone highlights the rise of Tax-Smart Indexing (a.k.a. Direct Indexing…
Ragnar Metals Limited (AU:RAG) has released an update. Ragnar Metals Limited has announced promising assay results from its second field program at the Olserum North Heavy Rare Earth Project in Sweden, revealing potential high-value heavy rare earth mineralization within a syenite intrusive at the Melson prospect. The identified mineralization, including rock chip samples showing up to 1.75% total rare earth oxides, could indicate a significant HREE deposit, previously undetected in the region. Excitement is high as the company continues to investigate the extent and economic potential of this discovery. For further insights into AU:RAG stock, check out TipRanks’ Stock Analysis…
Consumer confidence tumbled in September as Americans grew increasingly worried about the labor market.The latest index reading from the Conference Board was 98.7, below the 105.6 seen in August and lower than what the 104 economists surveyed by Bloomberg expected. The drop in consumer confidence from August to September was the largest month-over-month decline since August 2021, according to The Conference Board.”Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further,” The Conference Board chief economist Dana Peterson said in the release. “Consumers were also more pessimistic about future labor market conditions…
Mercedes-Benz has issued a recall for a handful of GLC models due to faulty welds on their integral carriers. The issue stems from a deviation in the production process at the supplier of the welding material, Safra S.p.A. of Italy. While only four vehicles are affected in the United States, Mercedes has taken swift action to address the potential safety hazard. The affected vehicles will have their integral carriers replaced at no cost to the owners. The automaker has emphasized the importance of this recall, noting that faulty welds could lead to catastrophic loss of vehicle control. Mercedes is committed…
The stock market is a platform where investors buy and sell shares of publicly traded companies. It offers opportunities for individuals and institutions to invest in various sectors of the economy. Blue chip stocks represent shares of large, well-established companies with a history of stable earnings. These companies are often household names and industry leaders. Blue chip stocks are notable for their reliability and financial stability. Investing in blue chip stocks can offer several advantages. They typically provide steady dividends, appealing to income-focused investors. Blue chips often have strong balance sheets and can weather economic downturns better than smaller companies.…
(Reuters) -Russia hit a high-rise apartment block in Ukraine’s northeastern city of Kharkiv during an attack with guided bombs on Tuesday, killing at least three people and injuring 22 more, with others feared trapped under rubble, local authorities said. “Russia is terrorizing the Kharkiv region with impunity… A direct strike on a residential building,” Ukraine’s ombudsman Dmytro Lubinets said on the Telegram messenger app. Images from the site showed a hole blown through the building. Kharkiv mayor Ihor Terekhov said on Telegram that the building had already been attacked by Russia at the start of its full-scale invasion of Ukraine…
Image source: Getty Images When the stock market falls, that might seem like bad news for investors. The reality, though, is that a falling stock market can be bad or good depending on how one reacts to it. For a canny investor, a stock market correction or crash can offer the opportunity to buy into some great companies at a cheaper price than before. For now, the stock market continues to do well. The UK’s flagship FTSE 100 index has hit an all-time high this year. It is currently around 2% below that all-time closing high. But sooner or later,…