Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.Investors withdrew about $30bn in total from climate-focused mutual funds in 2024 after a four-year boom was undone by difficult economic conditions and the clouds cast over socially responsible investing by the election of Donald Trump.It marked the first year since at least 2019 in which investors pulled out more than they had put in, highlighting the challenges facing the sector despite the global push to deal with climate change. Assets under management grew more than seven-fold in the preceding four years to…
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Investing.com– Vivek Ramaswamy, who is President-elect Donald Trump’s nominee to co-lead the Department of Government Efficiency with Elon Musk, may leave the group before his tenure even begins, Politico reported on Sunday. Ramaswamy plans to announce a campaign for Ohio Governor and could leave DOGE by as soon as the end of January, Politico reported, citing a person close to the matter. Ramaswamy, who had also briefly campaigned for the Presidency, was passed over by Ohio Governor Mike DeWine to replace Vice President-elect JD Vance in the Senate on Friday, with Lieutenant Governor Jon Husted being picked for the role. …
By Jayla Whitfield-Anderson and Anna Tong WASHINGTON (Reuters) – TikTok earmuffs and MAGA hats adorned partygoers at Sunday’s inauguration celebration for the incoming President Donald Trump and the video-sharing platform he once tried to ban. Called the Power 30 Awards, the party occurred hours after TikTok began restoring services, and honored social media influencers who had helped most with Trump’s re-election. At the party, TikTok influencers recorded moments on small cameras and mingled over an open bar at Sax Restaurant and Lounge in downtown Washington. Free swag flowed: TikTok beanies, shot glasses and Trump merchandise. The party was hosted by…
The Japanese Yen strengthens in reaction to the upbeat Core Machinery Orders data. Firming expectations for an additional BoJ rate hike this week also underpin the JPY. A modest USD downtick further contributes to the USD/JPY pair’s intraday decline. The Japanese Yen (JPY) attracts some dip-buyers following the release of the upbeat Core Machinery Orders data from Japan and reverses a part of Friday’s retracement slide from a multi-week top against its American counterpart. Furthermore, bets that the Bank of Japan (BoJ) will hike interest rates at its policy meeting later this week underpin the JPY. This, along with a…
Investing.com– President-elect Donald Trump is preparing to declare a national emergency to grant him more power to boost the domestic energy industry and also scale back some climate change policies, Bloomberg reported on Monday. Trump’s declaration of an emergency is expected to happen from day one of his second term, which will officially begin later on Monday, the Bloomberg report said. Trump is expected to outline new policies allowing oil and gas development on more Federal land, while also scaling back curbs on new energy developments that were put in place by the outgoing Joe Biden Administration over climate change…
Peter Lynch’s Advice: ‘Don’t Invest in a Company Before You Look At the Financials. If You Made It Through Fifth Grade, You Can Handle the Math’ Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. In an interview with Barron’s in 2019, celebrated investor Peter Lynch shared his unique perspective on identifying high-potential companies and the significance of investing in growth stocks. What Happened: Lynch stressed the importance of understanding a company’s narrative and investing in stocks that are in the “second innings of the ballgame.” He elaborated that growth stocks, characterized by substantial…
President-elect Trump on the eve of his inauguration says he spoke with Apple CEO Tim Cook and teased a potential move by the world’s most valuable company. “I spoke with Tim Cook of Apple. He said they’re going to make a massive investment in the United States because of our big election win,” he said during his Make America Great Again Victory Rally on Sunday in Washington DC. Apple did not immediately respond to FOX Business’ request for comment. This wouldn’t be the first time the two have worked together. In 2019, during Trump’s first term, Cook was a member…
By Kirsty Needham SYDNEY (Reuters) – Australian Foreign Minister Penny Wong met her Indian and Japanese counterparts in Washington and said the invitation for Quad foreign ministers to attend President-elect Donald Trump’s inauguration showed an “iron-clad commitment” to close cooperation in the Indo Pacific region. Republican Senator Marco Rubio appears on track for confirmation as Trump’s secretary of state on Monday, clearing the way for a meeting of Quad foreign ministers the following day, people familiar with the matter previously said. The grouping of Australia, India, Japan and the U.S. was formed amid shared concerns about China’s growing power. “It’s…
YINAN, CHINA – DECEMBER 26 2024: A worker counts RMB banknotes during a gathering to distribute the yearly dividend to members of an agricultural co-operative in Yinan county in east China’s Shandong province Thursday, Dec. 26, 2024. Wang Yanbing | Future Publishing | Getty ImagesThe Chinese yuan is widely expected to depreciate against an ascendant U.S. dollar. A thornier question confronting market watchers: Just how far and fast the currency could slide?The stakes are huge. The impact of a pronounced weakness in the yuan could not only reverberate around the world by blunting export competitiveness for countries that compete with China…
MOL Japanese shipowner Mitsui OSK Lines (MOL) has joined forces with fellow trading house Marubeni in the carbon removal credit business. The duo has established a joint venture company called Marubeni MOL Forests to create, purchase, sell, and retire nature-based carbon removal credits. The new company will operate under the philosophy: “Open the way to a sustainable future through the power of people and forests,” MOL said in a release. As its first project, the JV plans to establish new forests covering 10,000 hectares in India and should start handling carbon credits from 2028 onwards. MOL has been working to…