Kamala Harris’ core economic objective is to build an “opportunity economy” for America. In August, she told the Democratic National Convention that she would “bring together labor and workers and small-business owners and entrepreneurs and American companies to create jobs.” There is another constituent that will be important in determining the success, or failure, of the Harris goals—namely, the capital markets. If elected, the challenge to the Harris Administration will be to craft policies that cause global investors to embrace the “opportunity economy.”The two most important factors for investors are first, a growing economy and second, an increasing stock market.…
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It’s easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. For example, the Worthington Enterprises, Inc. (NYSE:WOR) share price is down 34% in the last year. That’s well below the market return of 32%. Longer term shareholders haven’t suffered as badly, since the stock is down a comparatively less painful 17% in three years.Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they’ve been consistent with returns.…
Investing.com — U.S. data center power capacity is set to nearly double by 2027, driven by the rising demand for high-performance computing (HPC) to support Generative AI (GenAI), according to a note from Morgan Stanley on Monday. The investment bank’s research projects that U.S. data center power will increase from 40 gigawatts (GW) in 2024 to 79 GW by 2027, a sharp rise fueled by the growing requirements of AI technologies. “We expect that data center growth in the US and globally will accelerate rapidly in the coming years, driven predominantly by growth in data centers for high-performance compute (HPC)…
Trump Media & Technology Group stock is in a free fall (again).After the lockup period on Donald Trump’s shares came to an end Friday, shares of Trump Media — the company that owns the former president’s social media site, Truth Social — have slid to new lows. Shares fell 7%, trading at $12.56 each Monday morning.That tipped the company’s market capitalization to $2.5 billion, a nearly 80% plunge from its high-flying days in the aftermath of its Nasdaq debut on March 26.Despite speculation, Trump himself said earlier this month that he has “absolutely” no plans to dump his stake in…
ETH doctoral student Marie Perrin presents the new recycling approach. In her left hand, she is holding the raw material in the form of a fluorescent lamp and, in her right, the yellow reagent that can separate rare earth metals. Credit: Fabio Masero / ETH Zurich Rare earth metals are not as rare as their name suggests. However, they are indispensable for the modern economy. After all, these 17 metals are essential raw materials for digitalization and the energy transition. They are found in smartphones, computers, screens and batteries—without them, no electric motor would run and no wind turbine would…
Image source: Getty Images easyJet (LSE: EZJ) shares have come up with a late summer surprise. The budget airline’s share price has climbed 16% since the end of July to sit at 519.2p. The recent gains will be music to the ears of pre-Covid shareholders who have watched the share price fall 46.6% in the past five years. But, there are two key questions for me here. Firstly, what’s driving the recent gains? And secondly, how does the company’s current valuation stack up against the market? Ready for takeoff? Let’s start with the recent rally. Shares in the budget airline…
Conservative Leader Pierre Poilievre set the tone for his party’s fall agenda by targeting the Liberals’ carbon price policy. Poilievre warned of a “nuclear winter” for the economy if the government’s planned carbon price increases take effect. Poilievre described a dire scenario, claiming that high taxes would lead to “mass hunger and malnutrition” and force older people to endure frigid conditions just to survive the winter. He further argued that rampant inflation would make it impossible for Canadians to afford basic transportation. Singh and Trudeau Clash on Climate Strategy With the fall session of Parliament set to resume, all parties…
By Valerie Volcovici NEW YORK (Reuters) -California has filed a lawsuit against oil giant Exxon Mobil (NYSE:) over its alleged role in global plastic waste pollution, its attorney general announced on Monday. Speaking at an event during Climate Week in New York City, California Attorney General Rob Bonta said the state sued Exxon after concluding a nearly two-year investigation that he said showed Exxon was deliberately misleading the public about the limitations of recycling. The investigation mirrors California’s previous probes into the oil industry’s alleged efforts to mislead the public about climate change. Bonta said his office specifically wants information…
WASHINGTON, D.C. — Here’s a look at how area members of Congress voted over the previous week. Along with this week’s roll call votes, the House also passed these measures: the Taxpayer… Source link
The United States is one of the best countries in the world.getty According to recent studies, some 13,500 Chinese high net worth individuals were expected to leave their country between 2023 and 2024. In the case of India, that number is 9,400. Such individuals may find a recent 2024 U.S. World and News Report that indicates the United States is the third best county in the world, just behind Switzerland and Japan to be of interest. No doubt the fact that the U.S. is regarded so highly compared to other countries is one of the main reasons why so many…