Image source: Getty Images Investing in the stock market can be a great way of earning passive income. And whether it’s with a lump sum or regular investing, the returns can be spectacular. Dividends are never guaranteed and even the best investors need some good fortune every now and again. But I’m a firm believer that shares in great companies are the best source of extra income. Warren Buffett Here’s an example of this in action. In 1994, Berkshire Hathaway CEO Warren Buffett invested $1.3bn in American Express shares. At the time, the stock had a dividend yield of just…
Author: user
By Brenda Goh WUXI, China (Reuters) – A former student went on a stabbing rampage at a vocational college in eastern China, killing eight people and injuring 17, police said on Sunday, prompting further soul-searching just days after the deadliest attack in the country in a decade. Saturday’s knife attack took place at the Wuxi Vocational College of Arts and Technology in Yixing, part of Wuxi city in the eastern province of Jiangsu. The suspect, a 21-year-old man, was arrested at the scene and confessed, police said. Also on Saturday, authorities in the southern Chinese city of Zhuhai said they…
McDonald’s is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on the fast-food giant’s Quarter Pounder hamburgers.The investments include $65 million that will go directly to the hardest-hit franchises, the company said.The U.S. Centers for Disease Control and Prevention has said that slivered onions on the Quarter Pounders were the likely source of the E. coli. Taylor Farms in California recalled onions potentially linked to the outbreak.Colorado reported at least 30 cases; Montana reported 19; Nebraska, 13; and New Mexico, 10. The illnesses were reported between Sept. 12…
Right now, we’re in the midst of a powerful technology revolution. Driven by exciting technologies such as artificial intelligence (AI), cloud computing, and robotics, this revolution is creating some incredible investment opportunities for long-term stock market investors like myself. Are British investors missing out on this revolution though? I fear a lot might be, looking at the stocks that those in the UK are investing in today. Yesterday’s heroes? One thing I look at regularly is the list of the 20 most bought stocks on Hargreaves Lansdown. This provides an interesting snapshot of activity in the UK investment community. Now,…
One of the most profound changes in the tech landscape over the past couple of years has been the advancements in the field of artificial intelligence (AI). There’s a strong argument that the advent of AI early last year was one of the biggest sparks that set off the current bull market rally. ChatGPT heralded the advent of generative AI, and since its release in November 2022, the S&P 500 has jumped 46%, while the Nasdaq Composite has surged 67% (as of this writing). While there have been plenty of beneficiaries of these secular tailwinds, one of the most notable…
World – In an inspiring display of compassion and innovation, the cryptocurrency community has come together to save the life of a paralyzed cat named Mr. Mayonnaise. The $MAYO token, launched by a group of developers moved by his story, has achieved what once seemed impossible: funding lifesaving treatment and sparking a global movement for affordable veterinary care. Mr. Mayonnaise’s story began with a devastating tick bite that left him paralyzed and reliant on a ventilator. His owner, Ms. Gu, faced mounting veterinary bills reaching $9,000 per day. Desperate for help, she launched a crowdfunding campaign that caught the attention…
The British lending arm of BMW, BMW Financial Services (GB) Ltd, has set aside £70.3 million in its 2023 accounts to address potential compensation claims stemming from undisclosed motor finance commissions. This move marks BMW as one of the first major automakers to allocate a specific provision in response to a growing commission scandal, reflecting the company’s proactive approach to addressing customer grievances and ensuring regulatory compliance. This provision is part of a larger industry-wide response, with total reserves reaching nearly £680 million across various lenders. Financial experts predict that these reserves could rise substantially, possibly reaching billions of pounds…
First responders in Plainfield were called to a car crash on Norwich Road Thursday morning, involving a vehicle that ended up on the lawn of a residential property. The Plainfield Fire Department received the initial report around 9:30 a.m., with police arriving at the scene about 20 minutes later. Police officers found a gray Honda Civic on the property at 495 Norwich Road. The driver, identified as Joseph Lally, 31, from Massachusetts, was safely removed from the vehicle. He was transported to Backus Hospital for a possible back injury. Crash in Plainfield Leaves Vehicle on Lawn, Driver Hospitalized with Potential…
Image source: Getty Images The UK is home to hundreds of quality dividend stocks. And while valuations have generally been rising this year, not all FTSE 350 constituents have been so fortunate. In fact, Foresight Solar Fund (LSE:FSFL) is now one of the highest-yielding income stocks in the index after its shares have taken a near-20% tumble since the start of 2024. Foresight Solar shareholders have actually been stuck on a downward trajectory since late 2022. And this isn’t exactly surprising, given that it’s also around the time the impact of higher interest rates started to emerge. As the business…
Hyundai, a top-selling global car brand, has announced plans to release 21 new models within the next six years. This aggressive strategy comes as the company seeks to become a leading provider of electric vehicles (EVs) amid tightening environmental regulations. With bans on petrol and diesel car sales approaching in markets like the UK and increasing momentum toward Net Zero goals, Hyundai is taking decisive steps to accelerate its transition to cleaner, more sustainable mobility options. The automaker aims to offer a wide array of EVs catering to different market segments, from affordable options to luxury and high-performance models. Hyundai…