Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected.Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing core inflation, excluding food and energy, in the Fed’s preferred measure is running below 1.8% over the past four months. The Fed targets annual inflation at 2%.”That is what put me back a bit to say, wow, inflation is softening much faster than I thought it was going to, and that is what put me over…
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Gevo, a developer of net-zero hydrocarbon fuels, has inked a deal to acquire Red Trail Energy’s ethanol production plant and carbon capture and sequestration (CCS) assets for $210 million. This strategic purchase aligns with Gevo’s mission to expand its sustainable fuel production capabilities. The move could play a crucial role in making the company’s earnings to be positive by 2025 and produce more renewable fuels. Strengthening the Path to Net Zero Gevo seeks to transform renewable energy and biogenic carbon into sustainable fuels and chemicals with a net-zero carbon footprint. Its technology produces various products, including sustainable aviation fuel (SAF),…
Harbour Investment Partners Unlocks Exclusive Private Equity Opportunities for Sophisticated InvestorsSYDNEY, AUSTRALIA / ACCESSWIRE / September 21, 2024 / Harbour Investment Partners is pleased to announce new avenues for experienced and high-net-worth investors to explore private equity opportunities. With a focus on providing tailored investment options, the firm helps investors gain access to private market deals across a variety of sectors, including technology, healthcare, and renewable energy. These sectors represent industries with significant growth potential, which may not always be accessible through traditional public markets. By offering exposure to private equity investments, Harbour Investment Partners provides investors the opportunity to…
Dividend growth has historically been a key contributor to a stock’s outperformance. Tech titan Microsoft (MSFT -0.78%) recently increased its dividend by another 11%. That new rate will cost it about $25 billion annually. It will likely keep the company near the top of the pack among global-dividend payers. Microsoft wasn’t the only company that recently gave its investors a raise. Telecom giant Verizon (VZ 0.89%) increased its payment by less than 2%, while leading real estate investment trust (REIT) Realty Income (O 1.53%) provided an even more modest pay bump. While Microsoft’s pay raise made headlines due to its…
No company has been a bigger winner than Nvidia (NASDAQ: NVDA) as nearly every tech company has collectively poured billions of dollars into developing their generative AI (artificial intelligence) capabilities. The company has added $2.5 trillion to its market cap over the last two years as sales and profits exploded with the demand for its GPUs.The chipmaker has shown incredible pricing power amid the strong demand. That’s evidenced by its gross margin expanding into the upper 70% range. And with the booming sales growth, it’s seen very high operating leverage, which translates into massive bottom-line growth. To be sure, Nvidia’s performance…
Image source: Getty Images The UK market is packed with high-yield dividend shares that make great options for passive income. Many pay above the 3.5% average yield. But growth is also important when considering shares for an income portfolio. One of my favourite FTSE 250 stocks is Greggs (LSE: GRG). The popular high-street bakery chain has delivered impressive performance since 2014. Up 434% in the past 10 years, it’s beaten the wider UK market. But past performance isn’t indicative of future results. So how much would a £10k investment today net me in the future? Let’s have a look. A…
Editor’s Note: Our Enterprising Investor podcast features intimate conversations with some of the most influential people from the world of finance. This post highlights some key talking points from a conversation between the show’s host, Mike Wallberg, CFA, MJ, and Campbell Harvey, PhD. In this episode of Enterprising Investor podcast, Cam Harvey delves into his groundbreaking research on the yield curve as a predictor of economic recessions within the context of today’s economy and recent monetary policy actions. Harvey, a finance professor at Duke University, pioneered the study connecting inverted yield curves with impending recessions — a relationship that has proven…
BEIRUT/JERUSALEM (Reuters) – At least 31 people died in an Israeli airstrike on a Beirut suburb on Friday, the Lebanese health ministry said on Saturday, including three children and seven women, in the deadliest strike in a year of conflict between Hezbollah and Israel. Hezbollah said overnight that the dead included 16 of its members, including senior leader Ibrahim Aqil and another top commander, Ahmed Wahbi. The strike sharply escalated the conflict between Israel and the Iran-backed group and inflicted another blow on Hezbollah after two days of attacks this week in which pagers and walkie-talkies used by its members…
Image source: Getty Images We’re approaching the halfway point for the tax year and that had me thinking about how I could make the most of my Stocks and Shares ISA in the second half. I’ve made a lot better use of my ISA this year than I did last year. After all, with the tax-free returns on offer, why not? I want to try and get as close to maxing out my £20,000 limit this year as possible. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future.…
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