Image source: Getty Images The Lloyds (LSE: LLOY) share price is one of the most-watched in the FTSE 100. Boasting a £33bn market cap, Lloyds is also one of the largest financial institutions in the UK. There’s been one big reason in particular I’ve had my eye on the banking giant in recent days: interest rate cuts. Interest rates heading down All eyes were on the Bank of England yesterday (7 November) as the UK central bank cut interest rates by a further 25 basis points to 4.75%. That’s the second cut from the recent 5.25% highs, which may be…
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Collectors with a passion for automotive history will be vying for a piece of Mercedes-Benz heritage at an upcoming Las Vegas auction. The centerpiece? The final 300 SL Gullwing ever produced, a car that transcends mere transportation and embodies a bygone era of automotive design. This meticulously maintained beauty, originally a showpiece for a trade fair in 1957, boasts a unique pedigree a special order Standwagen with ownership by just four individuals in its nearly seven decade lifespan. The prestigious RM Sotheby’s event, hosted by car enthusiast Jay Leno and dedicated to the Stallones, promises to be a record breaker,…
Block (NYSE:) reported third-quarter earnings that met expectations, but revenue fell short of analyst estimates. The stock initially fell 10% but those losses were reduced to around 3% in premarket trading Friday. The financial technology company, formerly known as Square, reported adjusted earnings per share of $0.88, in line with analyst projections. However, revenue for the quarter came in at $5.98 billion, missing the consensus estimate of $6.24 billion. Despite the revenue shortfall, Block saw strong growth in its key business segments. Gross profit grew 19% YoY to $2.25 billion, with Cash App generating $1.31 billion in gross profit, up…
SINGAPORE/SHANGHAI (Reuters) – China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, as policymakers sought to spur the sluggish economy. The standing committee of the National People’s Congress (NPC) approved the bill during a meeting from Nov. 4 to 8. Finance Minister Lan Foan signalled further stimulus is in the pipeline, but gave few details. Local government would be able to use another 4 trillion yuan in issuance that has already been approved to finance the…
Triumph’s modern classics, with their blend of reliability, aesthetics, and performance, provide an excellent foundation for customization. A&J Cycles, a New York-based workshop, has a penchant for these bikes, and their latest build is a testament to their expertise. Taking a 2017 Thruxton R as their canvas, they stripped it down to its essentials and reimagined it with a minimalist approach. The rear end was completely overhauled with a custom looped subframe, a sleek LED taillight, and a comfortable bench seat. Triumph Thruxton R Transformed: A Minimalist Masterpiece by A&J Cycles (Mark Squitieri) Ohlins shocks raised the rear, providing both…
Seven decades after its debut, the General Motors small block V8 remains a legendary engine. This year, 2024, marks its 70th anniversary and the arrival of a new chapter. The story begins in 1954 with the Task Force pickup truck, which received the very first iteration, the G1 265 cubic-inch V8, for the 1955 model year. This “Taskmaster,” as Chevrolet called it, offered 180 horsepower and 260 lb-ft of torque, joining the inline-six engine options (Thriftmaster and Jobmaster) and the larger “Loadmaster” V8s. The Task Force, nicknamed “the gentleman’s pickup,” even boasted an industry first design with the Cameo Carrier…
Investing.com– U.S. stock index futures edged marginally higher Friday, remaining near record highs as markets digested the Federal Reserve’s outlook on future rate cuts. At 05:05 ET (10:05 GMT), rose 10 points, or 0.1%, gained 4 points, or 0.1%, and climbed 5 points, or 0.1%. The Wall Street indices received a hefty boost earlier this week after Donald Trump won the 2024 presidential election earlier this week, opening the door for more potentially expansionary policies in the coming years. The rose 0.7% on Thursday, while the rose 1.5%, both to record highs. The ended flat, although it remained in sight of…
Joining the ranks of Toyota and BMW, Hyundai reinforces its belief in hydrogen’s role in the future of clean transportation with the Intium concept. Unlike its competitors, Hyundai already boasts commercially available hydrogen-powered vehicles, making them a frontrunner in FCEV technology. Revealed as a potential successor to the Nexo and ix35 FCEVs, the Intium serves as a look into Hyundai’s vision for hydrogen mobility. Debuting at both the Los Angeles Auto Show and Auto Guangzhou next month, the Intium signifies Hyundai’s commitment to this technology. Hyundai’s Intium Concept: A Bold Step Toward Hydrogen-Powered Mobility (Hyundai) The concept car paves the…
Until recently, emerging market (EM) equities were among the darlings of the investing world. And why not? To most investors, a potentially diversifying asset class with prospects for high returns looks like a gift. For active managers, EM equities represent the chance to invest in a less-efficient segment of the market and thereby demonstrate their investment skill. Over the last five years or so, however, the promise of EM equity as an asset class has faded somewhat. This is due to the significantly poorer performance of EM equities versus their developed peers. EM Equity Performance vs. US Equity PerformanceAnnualized Five-Year…
Buffett’s record-setting cash pile speaks volumes about how he feels about the stock market right now. Warren Buffett is one of the most well-respected portfolio managers in the world, and there’s good reason for that. His track record speaks for itself. After taking control of Berkshire Hathaway (BRK.A) (BRK.B -1.87%) in 1965, he grew the value of shareholders’ stakes by an average compound annual rate of 19.8% through 2023. By comparison, the S&P 500 produced a total compound annual return of 10.2% in that period. Berkshire’s beating the market benchmark so far in 2024 as well. Maintaining such a strong…