GenZero, a decarbonization-focused investment platform owned by Temasek, and global commodities trader Trafigura have committed over $100 million to Brújula Verde, Colombia’s largest nature-based carbon removal project. Located in the Orinoco River Basin, this project aims to restore land degraded by agriculture and wildfires while generating high-integrity carbon removal credits. Bringing Degraded Lands Back to Life The planet is losing about 10 million hectares of forest worldwide every single year. The primary reason is to clear land for agriculture and materials like paper. This deforestation, largely concentrated in tropical forests (96%), contributes to 16% of total tree cover loss. Notably,…
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Since the lottery’s first ticket sold in March of 1972, over $32 billion in net profit has been returned to the Commonwealth. DORCHESTER, Mass. (WWLP) – A woman from Lowell is the winner of a $1 million prize in the Massachusetts State Lottery’s “$5,000,000 100X Cashword” instant ticket game. Family First Trust in Rhode Island claims $1M Massachusetts lottery ticket Elizabeth Correia of Lowell chose the cash option and received a one-time payment of $650,000, before taxes. Correia says that she plans on investing her winnings. The winning ticket was purchased at Santo Domingo Liquors on Hampshire Street in Lawrence,…
America’s national debt is “set to explode” under Donald Trump, top bankers at the Institute of International Finance (IIF) have warned.Analysts at the Washington-based institute said the incoming president’s plan to slash taxes without equal cuts to spending would push US national debt up from around 100pc of GDP today to more than 135pc in a decade’s time.Inflation is also likely to rise as Mr Trump stokes spending and makes imports more expensive by slapping tariffs on foreign-made goods.The US national debt already stands at close to $36 trillion (£28 trillion) and the IIF warned debts could reach more than…
By Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for October increased in line with expectations, suggesting the Federal Reserve will keep cutting rates. The greenback has risen to its highest level since April 16, buoyed by Donald Trump’s victory in last week’s U.S. presidential election, which sparked expectations of potentially inflationary tariffs and other measures by his incoming administration. The , which measures the greenback against a basket of currencies including the yen and the euro,rose 0.33% to 106.34 after reaching as high…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden will meet Chinese counterpart Xi Jinping for likely the final time on Saturday, senior administration officials said, as Beijing prepares for a potentially more confrontational period with Washington under Donald Trump. The two leaders are expected to hold talks spanning a range of global hot spots, including heightened tensions between Washington and Beijing, on the sidelines of the Asia-Pacific Economic Cooperation forum in Lima, Peru. It will be their first known interaction since an April phone call. “The conversations are not easy,” said one of the officials, who spoke on…
Peltz is happy Trump won, but doesn’t think the rally will lastBillionaire investor Nelson Peltz is confident in the incoming Trump administration, but he doesn’t think the stock market rally will last.”Trees don’t grow to the sky, definitely not uninterrupted,” he told CNBC’s Sara Eisen at CNBC’s Delivering Alpha conference. The Trian Partners’ CEO thinks investors are getting caught up in the hype and that things will cool down. “There will be something that will upset it. I think we’ve got euphoria from the election. On the other hand, you look at the international stocks, we’ve gotten slayed over the…
The Mercedes-Benz GLE remains our top pick in the midsize luxury SUV category. Originally launched in 2020, the GLE received notable enhancements for 2024, such as refreshed styling, a refined interior, an upgraded infotainment system, and the introduction of a new plug-in hybrid option. Therefore, only minor adjustments to options and packages are anticipated for the 2025 model. Interior and tech One of the GLE’s standout features is its luxury-oriented interior. The cabin offers ample space and is crafted from high-quality materials, while the central touchscreen, powered by the impressive MBUX infotainment system, is both visually appealing and user-friendly with…
For anyone who finds investment markets daunting, especially younger millennials and Gen Zers, Nasdaq CEO Adena Friedman has a three-word piece of advice: Learn by doing.It’s her most important money advice for all investing newcomers — including her own children, Friedman told CNBC Make It on Tuesday while speaking at the Fortune Global Forum 2024.”Learn by doing — with small amounts of money, or even on platforms where you don’t actually have to use real money,” said Friedman. “As you get more engaged and more educated, you can start to take more risks … and then get more confidence.”Friedman has…
Tom Steyer, Co-Executive Chair of Galvanize Climate Solutions, joins Yahoo Finance’s Madison Mills at Yahoo Finance Invest to share his thesis for investing in the energy transition. Steyer says he looks for companies that may not be featured on the front page of a newspaper like Tesla (TSLA). He seeks out names that generate “real compounding good returns” over a long period of time. “I think there’s going to be a whole other part of this economy absolutely relevant to climate, where returns are going to be really good. Information, agriculture, sequestration,” says Steyer. When it comes to public investment…
Kum & Go, the Midwest gas station chain known for the humor its name often inspires, is heading for a rebrand. Maverik, a competitor that acquired Kum & Go in 2023, announced it has started rebranding Kum & Go locations with plans to unify the network under the Maverik name, bringing an end to the 49-year-old brand that became known for its risqué moniker. “While we are committed to this vision, we are approaching it carefully on a market-by-market basis to ensure a seamless customer experience before finalizing each state’s rebrand,” a Maverik spokesperson shared. However, Maverik did not specify…