General Motors, the largest automaker in the US, maintained its lead in the market for the first nine months of the year, selling nearly 1.95 million vehicles. However, its Chevrolet brand is struggling. While GM’s sales declined by one percent during this period, Chevrolet’s sales dropped by a more significant three percent. The brand’s other models, though, helped offset this decline with positive results. The situation could worsen before it improves, as Chevrolet discontinued production of the sixth-generation Camaro in December 2023 and the affordable Malibu mid-size sedan this fall. Chevrolet Faces Transition with Camaro and Malibu Discontinued in 2023…
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Jerome E. Schwind, the President and CEO of Isabella Bank Corp (OTC:ISBA), recently acquired additional shares of the company. According to a recent SEC filing, Schwind purchased 19.4458 shares of common stock on November 1, 2024, at a price of $20.57 per share, amounting to a total transaction value of approximately $400. Following this acquisition, Schwind’s total direct ownership stands at 28,267.4058 shares. This transaction reflects Schwind’s ongoing investment in the company he leads. In other recent news, Isabella Bank Corp has shown strong third-quarter performance, with a 3% pre-provision net revenue (PPNR) upside, driven by net interest margin (NIM)…
Ferrari has revealed the F80, the highly anticipated successor to the iconic LaFerrari. This new hypercar marks a departure from the traditional V12 engine, opting instead for a potent V6 hybrid powertrain. Despite the initial online controversy surrounding the V6 engine, the F80 boasts impressive performance figures. Its 3.0-liter twin-turbo V6, coupled with three electric motors, generates a combined output of 1,183 horsepower. This allows the F80 to accelerate from 0 to 62 mph in a blistering 2.15 seconds and reach a top speed of 217 mph. Ferrari Reveals F80 Hypercar: A New Hybrid V6 Successor to the LaFerrari (Ferrari)…
The world is witnessing a significant uptick in infrastructure spending, especially in emerging markets, as nations aim to modernize critical systems. Global infrastructure investment is expected to increase significantly in the upcoming years, with Asia and Africa driving a large share of this growth. This surge is largely fueled by urbanization, industrialization, and decarbonization efforts, all of which require a vast array of raw materials. Melbourne, Australia-based BHP Group Limited (BHP), one of the world’s largest and most diversified mining companies, is poised to benefit from this trend. Its diversified portfolio—ranging from copper and iron ore to potash and coal—positions…
A well-loved family-owned garage, known for its dedication to the local community for nearly a century, has officially closed its doors. R Jackson Motors, located in Herne Bay, Kent, had been a longstanding fixture on Bullockstone Road since 1932. A garage that has serviced “a number of exotic and classic cars” throughout its history has now shut down After 92 years, the independent garage has closed so that its longtime owners, Richard and Brenda Jackson, can finally step into retirement. In an interview, Richard, aged 72, shared: “As Brenda and I are both now in our early 70s, we have…
Image source: Getty Images The blue-chip FTSE 100 and mid-cap FTSE 250 are both up year to date. Here, I’ll look at what I’d have now if I’d invested £25k in the FTSE 350 index at the beginning of January. What is it? The index in question combines the largest 350 companies listed on the London Stock Exchange, specifically the constituents of the FTSE 100 and FTSE 250. It offers a broad view of UK corporate performance, spanning diverse sectors like finance, healthcare, energy, and consumer goods. As such, it can be seen as a benchmark for the overall economic…
What’s the quintessential 1950s Chevy? Many would say one of the Tri-Fives, with the 1955 model often seen as the purest of the series, especially the Nomad version. Others might argue that the iconic ’57, with its available fuel injection, should hold the top spot. However, I present a contender as the ultimate classic 1950s Chevrolet: this 1959 Chevrolet Impala convertible, equipped with fuel injection. We’re all familiar with the tale of Chevrolet and Chrysler in the 1950s, but let’s revisit it briefly: Chevrolet, once seen as conservative and conventional, transformed in 1955. While Pontiac is often celebrated for evolving…
Investing.com – Illumina (NASDAQ: ) reported third quarter EPS of $1.14, $0.26 better than the analyst estimate of $0.88. Revenue for the quarter came in at $1.08B versus the consensus estimate of $1.08B. Guidance Illumina sees Q4 2024 revenue of $1.07B versus the analyst consensus of $950.00M. Illumina sees FY 2024 EPS of $4.05-$4.15 versus the analyst consensus of $3.91. Illumina’s stock price closed at $153.49. It is up 21.14% in the last 3 months and up 35.08% in the last 12 months. Illumina saw 7 positive EPS revisions and 11 negative EPS revisions in the last 90 days. See…
Realty Advisors Inc, a ten percent owner of New Concept Energy, Inc. (AMEX:GBR), reported a significant transaction involving the company’s stock. According to the recent filing, Realty Advisors sold 248,681 shares of New Concept Energy’s common stock on October 31, 2024. The shares were sold at a price of $1.17 each, resulting in a total transaction value of $290,956. Following this sale, Realty Advisors holds 896,254 shares in the company. This transaction was signed off by Gina Kay, Vice President, Secretary, and Treasurer of Realty Advisors. InvestingPro Insights To provide additional context to the recent insider transaction at New Concept…
Turkey has joined the Minerals Security Partnership (MSP) forum to cooperate with the United States, the European Union and others on the production of critical raw materials and rare earth elements, official sources told Middle East Eye. “The state department can confirm that the government of Türkiye has joined the [MSP] forum”, a US State Department spokesperson told MEE. “There will be a formal announcement in the coming weeks.” Rare earth elements are used in the manufacture of many high-tech devices, from the screens of smart phones and computers, to the batteries of hybrid and electric cars. The MSP is…