Max Verstappen delivered a sensational performance at the Brazilian Grand Prix, securing his first victory after 11 races without a win. Despite a difficult weekend, including a challenging wet-qualifying session and a five-place grid penalty, Verstappen managed to climb from 17th to 1st, showcasing his incredible skill and determination. His drive was particularly impressive given the challenging conditions and his starting position, which initially seemed to jeopardize his chances for victory. Verstappen’s victory was aided by a timely red flag, which allowed him to gain crucial positions after a pit stop, and he later dominated the race, finishing 19.477 seconds…
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MFA Financial (MFA) has reported a positive outlook in its third-quarter earnings call for 2024, with distributable earnings of $0.37 per share and an economic return of 3.3%. The Federal Reserve’s recent rate cut is expected to benefit the company’s fixed-income investments. Management changes were announced, with Bryan Wulfsohn taking over as President and Chief Investment Officer, and Lori Samuels as Chief Loan Operations Officer. MFA’s investment portfolio expanded, showing a net unrealized gain of $140 million, largely from its non-QM and single-family rental portfolios. The company also highlighted its strong performance in the securitization markets and anticipates growth in…
Valtteri Bottas appears set to lose his Sauber seat for the 2025 Formula 1 season, with Audi F1 reportedly preparing to announce the signing of McLaren junior driver Gabriel Bortoleto. This initial rumor was confirmed by the team on Tuesday morning. The Switzerland-based team announced in April that it had secured Nico Hulkenberg from Haas. However, Audi F1 had to go through other options for its second seat after top targets Carlos Sainz and Esteban Ocon decided to join Williams and Haas, respectively, for the 2025 season. The second seat has been linked to a range of drivers in recent…
In a significant boost to the retail sector, U.S. retail and food services sales for September 2024 climbed 0.4% month-over-month and 1.7% year-over-year, reaching $714.4 billion, largely fueled by a 7.1% rise among non-store retailers like Amazon.com, Inc. (AMZN). This growth signals robust consumer confidence as we approach the crucial holiday season, traditionally a peak period for retail. Among the retail titans poised to benefit, Amazon stands out. With its extensive e-commerce footprint and thriving cloud services through Amazon Web Services (AWS), the company is strategically positioned to capitalize on this spending surge. Amazon’s latest financials reflect a resilient and…
Martin Brundle believes that Lando Norris may eventually reconsider his view that Max Verstappen got somewhat “lucky” during the Brazilian Grand Prix, as Verstappen was “in a class of one” throughout the race on Sunday. Starting from 17th on the grid, Verstappen managed an unexpected victory in challenging wet conditions at Interlagos, while Norris, who began from pole position, fell to sixth place. Norris’s comment on Verstappen’s luck stemmed from the timing of a red flag stoppage, which he felt favored the Red Bull driver. In the race, Norris had already pitted for new intermediate tires as the rain intensified,…
U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY).Tom Williams | Michael A. McCoy | ReutersThe race to control the House is undecided, though Republicans are already expressing early optimism about securing a governing trifecta with their new Senate majority and freshly minted President-elect Donald Trump.”As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate and House,” Republican House Speaker Mike Johnson said Wednesday in a statement.That early confidence comes as Republicans need to…
Image source: The Motley Fool One thing more than any other has struck me about the US stock market lately: the relentless selling of Warren Buffett. Not only has he been selling large chunks of his holdings in companies like Apple (NASDAQ: AAPL), but he has then basically been sitting on the money rather than reinvesting it. His cash pile is around $325bn. Is there really nothing on sale that tempts Buffett to spend some (or all) of that money? We do not know. Maybe he is saving the money for a specific purpose yet to be revealed. Meanwhile, his…
Mercedes driver George Russell has proposed a major change to the Formula 1 weekend format following a turbulent Brazilian Grand Prix. Russell finished in fourth place at Interlagos, narrowly missing out on a podium after leading the race for the first 28 laps. Russell’s race was compromised when a poorly-timed red flag allowed Max Verstappen, Esteban Ocon, and Pierre Gasly to gain a free pit stop advantage over him and second-placed Lando Norris. Both British drivers had already pitted, leaving Russell frustrated by the unfortunate timing, as he vented over team radio. The red flag during the race was just…
On October 31, ENGIE North America (ENGIE) announced signing a deal to supply 260 MW of renewable energy to Meta from its Sypert Branch solar project in Milam County Texas. Dave Carroll, Chief Renewables Officer and SVP of ENGIE North America remarked on the announcement, “We are delighted to announce this agreement to work with Meta by providing renewable power that supports their growth and aligns with their net zero commitments. We are proud that ENGIE’s proven track record in developing, building and operating renewable assets puts us at the forefront of the energy transition and this agreement with Meta…
Robert J. Perna, Senior Vice President, General Counsel, and Secretary at Knowles Corp (NYSE:), recently sold a significant portion of the company’s common stock. According to a recent SEC filing, Perna disposed of 21,080 shares on November 4, 2024, at an average price of $17.56 per share. This transaction totaled approximately $370,164. The shares were held indirectly by a trust, and following the sale, there are no remaining shares owned by the trust. This move comes after a previous internal transfer of shares on March 4, 2024, which did not involve any monetary exchange. In other recent news, Knowles Corporation…