For decades, Sean “Diddy” Combs presented the image of a wealthy, Black music mogul, one who broke business barriers, threw lavish parties and even created iconic TV moments. But behind the scenes, prosecutors say, was a more sinister picture, with allegations of violence, sex trafficking and severe abuses of power. Throughout his career, Combs’ dominated music, television and fashion, amassing a fortune worth hundreds of millions of dollars. In public, he was a shrewd music producer, generating hip-hop hits under his Bad Boy Records label, which he founded in 1993 and helped establish him as a cultural magnate. Combs was at the center…
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Image source: The Motley Fool At the 2024 Berkshire Hathaway meeting, Warren Buffett stated that one of its businesses would still be going 100 years from now. The subsidiary is Burlington Northern Santa Fe – its freight railroad. That’s about as long term as it gets. And while investors can’t buy shares in BNSF directly, I think other US railroads – such as CSX (NASDAQ:CSX) – look like good stocks to consider buying. Buffett on railroads Freight railroads like CSX move things like chemicals, commodities, and consumer products around the US. And Buffett’s probably right in thinking this will still…
Canada must provide more certainty to investors in low-carbon projects or risk losing out on billions of dollars needed to meet its decarbonization goals, experts say.While the Canada Growth Fund aims to attract investment by providing a sort of insurance policy against fluctuations in carbon credit values, its programs must broaden their approach quickly and clarify eligibility criteria to be more effective, says Clean Prosperity.The climate news you need. Subscribe now to our engaging new weekly digest.You’ll receive exclusive, never-before-seen-content, distilled and delivered to your inbox every weekend.The Weekender: Succinct, solutions-focused, and designed with the discerning reader in mind.“Industries across…
Tesla’s electric vehicle sales are shrinking, but Cathie Wood and Ark Invest say there’s a different reason to buy the stock. Cathie Wood is the founder and chief investment officer of Ark Invest, which operates a family of exchange-traded and private funds. Each fund invests in innovative technologies like electric vehicles (EVs), robotics, space exploration, artificial intelligence (AI), and more. Wood recently described Tesla (TSLA -2.33%) as the biggest AI opportunity in the world because of the introduction of its latest version of self-driving (FSD) technology, which could transform the company’s economics. For the same reason, Ark also published a…
Investing in biotech stocks isn’t for everyone. An unsuccessful clinical trial can cause a huge decline. The competition is usually fierce. Volatility is almost always present.However, some biotech stocks are exceptions to the rule. And one, in particular, looks like a great pick even for investors who normally would avoid biotech altogether. Here are three reasons why I think Vertex Pharmaceuticals (NASDAQ: VRTX) is the best biotech stock to invest $1,000 in right now.1. ResilienceSure, Vertex Pharmaceuticals can exhibit some volatility. But it’s far less volatile than most biotech stocks. Vertex’s beta coefficient over the last five years is a…
Companies that split their stocks are usually experiencing phenomenal growth that has sent their share price soaring. It’s not uncommon to see a fast-growing company issue multiple stock splits over several years. For example, leading chip supplier Nvidia (NASDAQ: NVDA) has split its stock six times in the last 25 years, with two since 2021.The most common type of split is a forward stock split in which the goal of the company is to make its share price more affordable for investors. Keep in mind, a stock split gives you more shares, but the share price is also reduced so that…
Investing.com — The Federal Reserve’s decision to cut interest rates by 50 basis points has sparked a strong movement in the markets, but many wonder what the much-anticipated dovish shift means beyond the near-term reaction. The Fed’s move on Sept. 19 was widely anticipated, with the central bank also promising an additional 50 basis points of cuts before the year’s end. This initially triggered a rally, sending the to new all-time highs before a “sell-the-news” reaction pushed markets slightly lower by the end of the day. In the short term, this dovish move has left markets in a generally constructive…
Image source: Getty Images One penny stock that’s caught my eye recently is DP Poland (LSE: DPP). It operates the Domino’s Pizza chain in Poland and Croatia. Is it worth buying a few shares for my Stocks and Shares ISA portfolio at the current price of 11p? Let’s discuss. The bull case There are several reasons this stock’s caught my attention. One’s that the company’s revenues are surging right now. For the first half of 2024, group revenue came in at £26.4m, up a whopping 26% year on year. And this was despite the planned closure of five stores during…
Investing.com — The fate of the Tax Cuts and Jobs Act (TCJA), passed in 2017 under President Trump, is one of the most important U.S. fiscal policy decisions that will need to be addressed post-2024 elections. As the legislation is set to expire on December 31, 2025, discussions about whether to extend or let it lapse are intensifying. The decision will have major implications for tax rates, the federal budget, and economic growth. The TCJA lowered corporate tax rates, reduced individual income tax brackets, and increased deductions such as the Child Tax Credit. However, many of its provisions, particularly those…
Some activists are questioning whether the federal government can accurately verify a tax program for facilities that store planet-warming gases. Source link