Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The U.S. share market reached record highs in the quarter, with the S&P 500 Index rising 5.89%. The market showed wider gains, unlike the previous quarter, with the S&P 500 Equal Weight Index beating the cap-weighted S&P 500 Index by 3.71%. The composite returned 6.47% gross of fees (6.39% net of fees) in the third quarter underperforming the 9.43% return of the Russell 1000 Value Index and outperforming the 5.89% return of the S&P…
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LONDON (Reuters) -Britain has imposed sanctions against Iranian individuals and organisations after Iran’s attack on Israel on Oct. 1, Britain’s Foreign Office said on Monday. The sanctions target senior figures in Iran’s army, air force and organisations linked to Iran’s ballistic and cruise missile development. “Despite repeated warnings, the dangerous actions of Iran and its proxies are driving further escalation in the Middle East,” British Foreign Minister David Lammy said in a statement. “Following its ballistic missile attack on Israel, we are holding Iran to account and exposing those who facilitated these acts.” Lammy also discussed Iran’s actions with European…
The European Union’s Carbon Border Adjustment Mechanism (CBAM), which came into effect in October 2023, marks a critical turning point in global trade, particularly for carbon-intensive industries like steel. As the world’s first carbon border tax, CBAM aims to equalize the cost disparity between EU steel producers and foreign competitors by imposing levies on high-emission imports. The policy is designed to incentivize cleaner production methods worldwide and bolster the competitiveness of European industries adhering to stringent carbon regulations. Steel, a cornerstone of industrial economies, is highly reliant on carbon-intensive production methods, especially in regions outside the EU. This makes CBAM…
The growing effectiveness of artificial intelligence is attracting investors. Source link
Image source: Getty Images Diversifying into different asset classes can be a strategy for trying to manage risk in a portfolio. But this isn’t what billionaire investor Warren Buffett thinks investors should do. According to the great man’s investment vehicle, Berkshire Hathaway currently holds around 25% of its total assets in cash and cash equivalents. Buffett’s advice to shareholders however’s quite different. Buffett’s advice At one annual meeting, Buffett offered Berkshire’s shareholders the following advice about how to manage risk: We think the best way to minimise risk is to ‘think’… have your default position as always short-term instruments and…
US stock futures traded mixed on Monday but held near record highs as investors prepared for the next batch of big bank earnings to test that rally and the chances of an economic “soft landing.”S&P 500 futures (ES=F) moved up roughly 0.2% after ending above 5,800 for the first time, while contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%. Dow Jones Industrial Average futures (YM=F) slipped 0.2%.Earnings are taking center stage as the first full week of third quarter results gets underway. How the season plays out is seen as key to the rally in stocks as the bull…
A group of business leaders and top executives is rallying in support of a bill that lays the foundation for the creation of a carbon credits market in Brazil. The group, comprising 59 members, includes notable figures such as Ana Maria Diniz (Instituto Península), Arminio Fraga (Gávea), Elie Horn (Cyrela), Fabiana Alves (Rabobank), Guilherme Benchimol (XP), Horácio Piva (Klabin), Luiza Trajano (Magazine Luiza), Paulo Kakinoff (Porto), Pedro Bueno (Dasa), and Walter Schalka (Suzano). In August, many of these leaders signed a manifesto titled “Economic Pact with Nature,” offering their support to the Executive, Legislative, and Judicial branches in advancing projects…
Piper Sandler has confirmed its Overweight rating on Tesla (NASDAQ: NASDAQ:) with a steady price target of $310. The affirmation comes as the firm adjusts its model in anticipation of the upcoming third-quarter earnings call set for October 23. The adjustment reflects Tesla’s Q3 deliveries, which surpassed the firm’s initial estimates by several thousand units. The firm’s analyst noted that while last week’s robo-taxi event showcased exciting developments, it is unlikely to affect Tesla’s financials for 2025/2026. The firm had hoped that the unveiling might provide a reason to raise estimates. However, this optimism has waned, given that the impact…
Nobel Committee announces the winners of the 2024 Nobel Prize in Economic Science during a press conference at the Karolinska Institute in Stockholm, Sweden, on October 14, 2024. The 2024 Nobel Prize in Economy was awarded to Daron Acemoglu, Simon Johnson and James Robinson for their work on formation of institutions and their impact on welfare. Anadolu | Anadolu | Getty ImagesU.S.-based economists Daron Acemoglu, Simon Johnson and James Robinson were awarded the Nobel Prize in economic sciences on Monday for their work on wealth inequality between nations.The academics have helped show why societies with “poor rule of law and institutions…
The Federal Reserve recently reduced its key interest rate by 50 basis points, signaling a shift in the economic outlook as the central bank reacts to slower growth and persistently low inflation. Such rate cuts typically ripple across the financial sector, directly influencing banks’ earnings, particularly those with extensive lending and investment operations like JPMorgan Chase & Co. (JPM). Traditionally, lower interest rates compress the margins banks earn on their lending activities, but they can also spur demand for loans and bolster fee-based business lines, adding complexity to the overall picture. For JPMorgan, one of the world’s largest and most…