Subaru has revealed details about its latest limited edition BRZ, the Series.Purple. This special edition sports car, available exclusively in Galaxy Purple Pearl, is set to make its debut at Subiefest Texas on October 19th. Priced at $35,445 plus destination, the Series.Purple is a manual transmission only model. One notable aspect of the Series.Purple is its rarity. With only 500 units planned for the US market, it’s likely to be highly sought after by enthusiasts. Given the relatively low sales of the BRZ in the first three quarters of 2024, it’s uncertain whether dealers will attempt to mark up this…
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Kia America has issued a recall for 14,163 units of the 2024 and 2025 model year EV9 electric utility vehicle. The recall is due to a software issue that can cause the digital instrument cluster to go blank intermittently at vehicle start-up. This issue can be a safety hazard, as it can impair the driver’s ability to monitor important vehicle information. The issue was caused by an over the air software update that Kia America discontinued on September 2, 2024. Kia America began investigating the issue on August 22 after receiving complaints from customers. The recall affects vehicles produced between…
Fusion is the future of energy, and that’s becoming increasingly evident. How? Well, recently tech giant Microsoft invested generously in Helion Energy as it recognized fusion’s potential to revolutionize the energy transition. Andrew Holland, CEO of the Fusion Industry Association explained this very nicely by stating, “The fusion industry is poised to help the world achieve the energy transition to net zero carbon emissions. Commercialization of fusion energy will create new jobs and a new industry addressing a trillion-dollar market.” Recently they published the Global Fusion Industry Report that highlights how the race to commercialize fusion energy is speeding up.…
Dividend investing focuses on buying stocks in companies that regularly distribute a portion of their profits to shareholders. These companies are typically well-established, with stable cash flows and strong market positions. Dividend stocks can offer both regular income and potential capital appreciation. This investment strategy has gained popularity among investors seeking steady income streams.Investing in dividend stocks offers several potential benefits for long-term investors. Regular dividend payments can provide reliable income, particularly valuable during retirement. Many dividend-paying companies increase their payouts over time, helping combat inflation. Dividend stocks often show less volatility than growth stocks. However, dividend investing also has…
Despite fierce opposition from federal agencies and creditors, Fisker’s bankruptcy plan has been greenlit by the Delaware bankruptcy court. The plan, which includes provisions to reimburse Ocean owners for recent recall costs and grant the Fisker Owners Association access to cloud services, has been met with mixed reactions. Ocean owners have faced a tumultuous journey since the EV startup filed for Chapter 11 bankruptcy in June. The prospect of their vehicles becoming expensive paperweights has led many to attempt to sell their electric SUVs, but the market has proven resistant, even at scrap prices. Fisker Bankruptcy Plan Approved: EV Owners…
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“Once a majority of players adopts a heretofore contrarian position, the minority view becomes the widely held perspective.”[i] DAVID SWENSEN, late CIO of the Yale Investments Office Over the past several years, private credit fund managers have raised enormous amounts of capital, and future inflows are only expected to increase. Figure 1 shows the total assets under management of private credit funds from 2005 to 2023. Institutional investment plans constitute the bulk of these assets, and many investment consultants continue their aggressive pushes to add more. The following article questions the merits of such recommendations. It begins by explaining the…
Smartsheet Inc . (NYSE:) shares have reached a new 52-week high, touching $56.27, signaling a robust period for the company amidst a dynamic market environment. This milestone reflects a significant uptrend in the company’s stock value, marking a substantial 42.69% change over the past year. Investors and analysts are closely monitoring Smartsheet’s performance as it continues to navigate through the competitive landscape of cloud-based solutions, with its recent peak potentially indicating strong business growth and investor confidence. In other recent news, Smartsheet Inc. has made significant strides in its business trajectory. The company has appointed Helen Masters as the new…
Land Rover’s electric vehicle lineup is expanding rapidly. Following the Range Rover EV and Velar EV prototypes, the smaller Range Rover Sport has now been spotted testing at the Nurburgring. This undisguised prototype showcases the design similarities between the electric and ICE versions of the Range Rover Sport. The production model is expected to launch in 2025. The Range Rover Sport EV stands out with its partially enclosed grille, reminiscent of the Range Rover EV. The absence of an exhaust system and the yellow EV warning stickers further confirm its electric nature. The “Prototype Vehicle” labels on the front and…
Southwest Airlines (LUV) reached a settlement with activist investor Elliott Investment Management, ceding six board seats to the firm seeking control over the struggling airline.In June, Elliott announced it had acquired an 11% stake in Southwest, launching a campaign to turn around the airline’s foundering performance. Its plans included nominating a slate of directors, removing chief executive Bob Jordan, and instigating a “comprehensive business review” to help turn things around.On Thursday, Southwest announced that it had acquiesced to at least one of those demands, nominating David Cush, Sarah Feinberg, Dave Grissen, Gregg Saretsky, and Patricia Watson as independent board members…