In 1970, a year after Carroll Shelby parted ways with Ford, a small number of unsold 1969 Shelby Mustangs were given 1970 VINs and sold to the public. Of these rare vehicles, the GT350 Convertible is particularly sought after, with only 57 examples produced. The Grabber Orange convertible you see here is even more exceptional, being one of only two four speed manual models finished in this iconic color. Rare 1970 Shelby GT350 Convertible to Hit Auction in Pristine Condition (Mecum Auctions) This particular car has undergone a cosmetic restoration but retains its original interior, numbers matching the V8 engine,…
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A 2021 Ram 1500 TRX Crew Cab 4×4, finished in Flame Red with a black and gray leather interior, recently failed to meet its reserve price at auction, garnering a top bid of only $73,000. Despite its low mileage (2,400 miles) and impressive original MSRP of $81,880, the truck’s value seems to have held up remarkably well. The market for these high-performance pickups appears to be quite resilient, with even low mileage examples commanding prices around $75,000. Ram 1500 TRX Auction: A High Power Truck with Off Road Versatility (Bring a Trailer) This one owner TRX features the TRX Level…
Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than five-week strike that has halted most of the company’s aircraft production, which is centered in the Seattle area.The contract’s rejection by 64% of the voters is another major setback for the company, which warned earlier Wednesday that it would continue to burn cash through 2025 and reported a $6 billion quarterly loss, its largest since 2020. A simple majority was needed for the contract to pass.The strike is costing the company about $1 billion a month,…
Gold IRA owners are keeping a close eye on what has proven to be an important investment indicator this year: the performance of gold and the reason central banks are buying it up recently—not only that but the bankers are also sharing their philosophy on it, which is almost unheard of.As for gold’s performance, the metrics are phenomenal and experts seem to believe there is no end in sight at this time. As of the middle of October, gold had risen about 30% year over year to nearly $2,700 per ounce. That made it one of the best performing…
Ferrari has unleashed a beast. After nearly three decades of waiting, the Italian automaker has finally revealed the F80, its most powerful road car ever. This limited edition hypercar boasts a staggering 1,200 horsepower, thanks to a hybrid powertrain that combines a turbocharged V6 engine with three electric motors. The F80 is a testament to Ferrari’s engineering prowess and dedication to pushing the boundaries of performance. The F80’s V6 engine is a masterpiece in its own right. Displacing just three liters, it produces an astonishing 888 horsepower and 627 lb ft of torque. This incredible power output is made possible…
A passing airplane provides the Arcata Community Forest with an ample supply of carbon dioxide. Photo: Cal Poly Humboldt.Press release from Cal Poly Humboldt: In line with Cal Poly Humboldt’s Climate Action Plan 2.0’s goal of carbon neutrality by 2045, the University will purchase carbon offsets at the Arcata Community Forest. The purchase will help compensate for the carbon emissions generated by University-financed air travel. “We don’t want to restrict air travel; we value the collaboration, communications, experiences, and relationship building that air travel affords to our campus community. But we also need to lower our emissions, so purchasing carbon…
With the support of LarrainVial, PineBridge Investments presented its global equity fund in Montevideo, emphasizing its differentiator compared to the competition: the complete recategorization of each asset’s benchmark to capture the life cycle of each company.LarrainVial aims to make a strong entry into the Uruguayan market by offering the distribution of a diverse network of international managers, leveraging its team of 56 people dedicated to serving Latin American clients, both onshore and offshore.Juan Miguel Cartagena, Partner & Co-Head of International Distribution at LarrainVial, estimates that the Uruguayan fund market is worth between $15 billion and $18 billion and believes that…
When the Astoria City Council got the results of a forest inventory in the Bear Creek Watershed about a decade ago, councilors learned the city was in possession of far more valuable trees, and timber, than they had realized. In light of the news, some members of the council in northwest Oregon wanted to boost timber harvests and revenue for city services and infrastructure. The 3,700-acres of forests that protect the city’s main drinking water source have been logged semi-regularly for decades, sending millions of dollars to the city budget over the years. But other members of the council, concerned…
United Parcel Service Inc (NYSE:UPS) shares are trading higher after the company reported better-than-expected third-quarter results. UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion. Adjusted EPS was $1.76, up 12.1% YoY, above the consensus of $1.63. GAAP results for the quarter reflect a net after-tax benefit of $36 million, or $0.04 per share, driven by a $152 million gain from the Coyote Logistics divestiture, offset by $116 million in transformation costs. Consolidated operating profit rose 47.8% YoY to $1.983 billion and +22.8% on an adjusted basis. Adjusted operating margin stood at…
In the Q&A below, StepStone partner and portfolio manager Michael Elio and Fidelity institutional portfolio manager Ian Johnson discuss the state of private markets today, including the impact of manager selection in venture, how to navigate complexities of the asset class, current valuations, and the emergence of secondary private markets.Ian Johnson: The 2023 NACUBO-Commonfund Study of Endowments1 (NCSE) shows that the largest endowments continue to have significant allocations to private assets, but those organizations had some of the lowest returns among their peer group in 2023. What were the causes of this underperformance?Michael Elio: Performance last year was a continuation…