Oscar Piastri has expressed his willingness to support Lando Norris in his bid for a championship but has clarified that there is no formal “number two driver” clause in his contract with McLaren. The team has faced criticism this season for both failing to help Norris earlier and later for positioning Piastri as a support driver. Piastri has accepted this role in the short term but has made it clear that it is not unconditional. He emphasized that he and Norris still have equal opportunities within the team, driving the same car and having the same chances on track. McLaren’s…
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Democratic presidential nominee, U.S. Vice President Kamala Harris delivers remarks before departing the vice president’s residence on October 23, 2024 in Washington, DC.Kevin Dietsch | Getty ImagesVice President Kamala Harris blasted Donald Trump on Wednesday for his reported praise of Adolf Hitler and said the Republican presidential nominee “wants unchecked power.”Harris, the Democratic nominee, spoke at her residence in Washington, D.C., a day after reports of recent interviews with Trump’s former White House chief of staff John Kelly, who recounted Trump’s comments about the Nazi leader while Trump was president.”It is deeply troubling and incredibly dangerous that Donald Trump would…
A Fidelity study found women are closing the investing gender gap. Source link
Red Bull is likely to shake up its driver lineup next season, with Liam Lawson poised to join Max Verstappen as his new teammate. After an impressive run in his six-race audition, particularly at the United States Grand Prix, it seems increasingly likely that Red Bull will promote him. Initially thought to be competing for a seat with Red Bull’s junior team, VCARB, Lawson’s strong performances have put him in contention for a spot on the senior team, replacing Sergio Perez. Sergio Perez, despite signing a contract extension until 2025, has struggled this season, going 14 races without a podium.…
Yuki Tsunoda, a key figure in Red Bull’s junior team since 2021, might finally have the opportunity to test a Red Bull Formula 1 car during the post-season Abu Dhabi test. Helmut Marko, Red Bull’s motorsport advisor, recently hinted that the team has “some plans” for the Japanese driver. With Tsunoda confirmed for a fifth season in 2025 with AlphaTauri, the Honda-backed driver has become the longest-serving member of Red Bull’s development program. However, his ambitions go beyond his current team, especially as Red Bull’s second driver, Sergio Perez, has struggled, failing to secure a podium finish in the last…
Dunham & Associates Investment Counsel Inc. executive vice president Salvatore Capizzi joins Wealth! to discuss why he believes financial planning has a “retirement investment paradox.””We have to recognize we are living longer, and it is not uncommon to believe now that we will be living into our hundreds, into 110 and 130 years old,” Capizzi tells Yahoo Finance. With longer lifespans and higher quality of life, financial planning begins to change.As the Federal Reserve eyes a 2% inflation rate, he explains, “Start compounding 2% inflation over a 40-year retirement or 50-year retirement. All of a sudden, you have a completely…
Stocks slumped on Wednesday as doubts about rate cuts weighed on investors dealing with a busy day of earnings highlighted by Boeing (BA) and Tesla (TSLA). The Dow Jones Industrial Average (^DJI) fell more than 500 points, or 1.2%. The tech-heavy Nasdaq Composite (^IXIC) slid about 2%, while the benchmark S&P 500 (^GSPC) was off more than 1.3%. The rally in stocks has stalled as investors debate how quickly the Federal Reserve will cut interest rates over the next year. Gloom about the prospect of rates staying higher for longer has dragged on bond prices in recent days, sending the…
Here’s how lower rates could affect your portfolios and investment strategies and how the stock market typically responds to falling interest rates. Source link
Activist hedge funds typically send requests to multiple so-called expert networks when they try to find ex-employees and other knowledgeable people to talk to about a potential target company ahead of — or amid — an insurgency campaign, Inex One CEO Max Friberg explained on the Activist Investing Today podcast.“Most [hedge funds] will engage with more than one expert network to cast a wide net and get the best information possible for the most important business decisions,” Friberg said. “It’s a jump ball between [expert networks] as they compete to find the experts for the activist. Every network has a…
On Sept. 18, 2024, the Federal Open Market Committee (FOMC) lowered its benchmark interest rate by 50 basis points or 0.50%. The move made headlines because it was the first rate adjustment since July 2023 and the first rate reduction since March 2020. The cut was prompted by improving economic conditions in the U.S. Inflation, which had driven the Fed’s rate increases in 2022 and 2023, fell below 3% in July 2024, and fell again in August and September 2024. With inflation nearing the Fed’s long-term target of 2%, investors largely expect a series of rate reductions from now through…