Image source: Getty Images Turning an initial £8,800 in savings into a £20,000 annual second income is an ambitious but achievable goal. Like anything in life, it requires commitment, learning, and a level-headed approach. So, let’s find out how it can be done. There’s a formula for success There are several parts to the formula, and central to it is harnessing the power of compounding effectively over time. Compounding occurs when investment returns generate their own returns, creating a snowball effect that accelerates portfolio growth. This process is fundamental for building wealth, especially when combined with regular contributions and a…
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The Federal Open Market Committee’s (FOMC) latest dot plot indicates that interest rates will average 3.9% by the end of 2025, matching the March projection. If this forecast comes true, the Federal Reserve (Fed) could implement two 25 basis point (bps) rate cuts or a single 50 bps cut in 2025. In 2026, rates are projected to rise to 3.6% from the previous 3.4% and to 3.4% in 2027, above the 3.1% projected in the March dot plot. The longer-term forecast remains at 3%. The Fed also revised its economic projections. US Gross Domestic Product (GDP) is now projected at…
Image source: Meta Platforms For whatever reason, I’ve never owned shares of Meta Platforms (NASDAQ: META) in my Stocks and Shares ISA. They’re up 750% in a decade, so this has been a massive missed opportunity. Meta used to be known as Facebook, of course, and also owns Instagram. These two platforms are the advertisement cash cows, but it hasn’t done anything revolutionary with WhatsApp since it bought the messaging app 11 years ago. That might be about to change, though. On 16 June, Meta announced that ads will finally be coming to the world’s most popular messaging app, which…
Yet another anti-congestion pricing lawsuit was thrown out today, after a state Supreme Court justice spiked a lawsuit brought by the Town of Hempstead.Town of Hempstead Supervisor Don Clavin suit argued that when Gov. Kathy Hochul announced in November that she was “unpausing” congestion pricing and instituting the toll with a phased-in pricing scheme starting at $9, she illegally usurped the MTA’s power to decide how to implement the toll. Clavin also argued that the tolling schedule did not go through the proper notification and study process as laid out by the State Administrative Procedure Act when the MTA Board approved the $9 toll.Lawyers…
“Most of those credits came to Europe and were about to kill the ETS market,” he added. “It dampened the prices, and so along with a market stability reserve, we designed a policy to close the door to all credits coming from the CDM.” Yet times have changed, Delbeke insisted. A new global framework regulating credits under the Paris climate accord was finalized in November with the EU’s support. But the bloc has also “learned its lesson” not to accept any and all projects included in an international system, and should instead set its own standards, he said. Delbeke also…
Jun 19, 2025 07:52 AM IST The initiative allows farmers to earn additional income by planting trees that absorb carbon dioxide, generating tradable carbon credits, district officials said. In a major push for sustainable farming and climate action, farmers in Prayagraj have been included in the third phase of Uttar Pradesh’s Carbon Credit Scheme. A farmer planting trees on his field (For representation only) The initiative allows farmers to earn additional income by planting trees that absorb carbon dioxide, generating tradable carbon credits, district officials said. Already operational across 13 forest divisions in the state, the scheme has now been…
The Fed’s interest rate decisions impact mortgages, but the relationship isn’t straightforward. Tharon Green/CNETThere’s a wild amount of uncertainty in today’s economy, but one thing is clear: The Federal Reserve isn’t planning to lower interest rates this summer. Mortgage rates, which have been stuck near 7% for the past several months, are likely to stay higher for longer.On June 18, Fed officials voted to leave borrowing rates unchanged for a fourth consecutive meeting. Holding interest rates where they are allows the central bank to evaluate how President Trump’s unpredictable tariff campaign, immigration policies and federal cutbacks affect both inflation and…
Over 100 state and local officials from the Midwest and West, including North Dakota and South Dakota, are asking the U.S. Senate to eliminate tax credits for carbon capture and sequestration as part of a federal budget reconciliation bill. Established by Congress and then-President George W. Bush in 2008, the 45Q tax credits incentivize companies […] Source link
As the carbon market evolves, a new frontier is emerging at the intersection of environmental monitoring and Indigenous land stewardship: soil carbon credits. These initiatives, often driven by Indigenous communities seeking sustainable revenue, promise not only climate benefits but also equity in the green economy. But this potential can only be realized through robust monitoring, supportive regulation, and the right technological infrastructure.If you need to monitor sequestered carbon, head to our product directory to find hundreds of companies supplying environmental monitoring equipment.A revenue stream for struggling Indigenous communitiesSoil is one of the planet’s largest carbon sinks, and practices that increase…
By Chuck MikolajczakNEW YORK (Reuters) -The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming from the Trump administration’s tariff plans.In new economic projections, policymakers sketched a modestly stagflationary picture of the U.S. economy, with economic growth slowing to 1.4% this year, unemployment rising to 4.5% by the end of this year, and inflation finishing 2025 at 3%, well above the current level.While policymakers still anticipate cutting rates by half a…