(Bloomberg) — Wall Street has gotten its way for decades, Scott Bessent argued Wednesday morning, declaring “It’s Main Street’s turn.” Then Wall Street had its best day in 16 years. Hours after the Treasury secretary’s full-throated defense of Donald Trump’s “Liberation Day” tariffs, the president embraced an idea pushed by billionaire hedge funder Bill Ackman: Pause the levies for 90 days, rather than — as Ackman put it — risking a “self-induced, economic nuclear winter.” For days, Ackman’s proposal had been floating around as a symbol of Wall Street’s waning influence — one of many public pleas from an industry…
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Microsoft and International Airlines Group (IAG), the parent company of British Airways, Iberia, Vueling, Aer Lingus, LEVEL, IAG Loyalty, and IAG Cargo, have extended their groundbreaking Sustainable Aviation Fuel (SAF) deal by five more years. It aims to support Microsoft’s goal to reduce Scope 3 lifecycle emissions from business travel and air freight. Explaining further, Microsoft will co-fund an additional 39,000 tonnes of SAF that will cut 113,000 tonnes of lifecycle emissions. The renewed agreement is an extension of their 2023 collaboration, when both companies pledged to support low-carbon aviation. For Microsoft, it’s a huge step toward achieving its 2030…
Microsoft and International Airlines Group (IAG), the parent company of British Airways, Iberia, Vueling, Aer Lingus, LEVEL, IAG Loyalty, and IAG Cargo, have extended their groundbreaking Sustainable Aviation Fuel (SAF) deal by five more years. It aims to support Microsoft’s goal to reduce Scope 3 lifecycle emissions from business travel and air freight. Explaining further, Microsoft will co-fund an additional 39,000 tonnes of SAF that will cut 113,000 tonnes of lifecycle emissions. The renewed agreement is an extension of their 2023 collaboration, when both companies pledged to support low-carbon aviation. For Microsoft, it’s a huge step toward achieving its 2030…
Image source: Getty Images Premium content from Motley Fool Hidden Winners UK Our monthly Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of small-cap recommendations, to help Fools build out their stock portfolios. “Best Buys Now” Pick #1: Judges Scientific (LSE:JDG) Why we like it: “Judges Scientific (LSE: JDG) owns a carefully acquired, select group of niche specialist scientific equipment manufacturers, growing from a £4m investment vehicle in 2003 to a business valued at over £440m by the market today. It has achieved this growth with a common-sense, savvy approach…
The average rate on a 30-year mortgage in the U.S. declined for the third week in a row, another positive move for prospective homebuyers during what’s traditionally the housing market’s busy season.The rate fell to 6.62% from 6.64% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.88%.The average rate has mostly trended lower since reaching just over 7% in mid-January. When mortgage rates decline, they boost homebuyers’ purchasing power.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, were unchanged from last week. The average rate remained at 5.82%, but is…
Image source: Getty Images There was an epic rally across the pond yesterday (9 April), with the Nasdaq Composite surging 12.16% for its best day since 2001. Incredibly, Tesla (NASDAQ: TSLA) stock soared 22.7% — its second-best daily gain on record! This will come as a relief to those who invested in Tesla in mid-December, though the stock is still 43% below that high, even after this sudden jump. Over five years, the share price is up 612%. What’s going on? Yesterday, President Trump issued a 90-day pause on most ‘reciprocal’ tariffs, which sparked the massive relief rally. However, the…
Carbon allowances experienced drawdowns leading up to the rollback of country-specific tariffs, with uneven impacts to different regions. Source link
Global voluntary carbon markets (VCMs) have hit hard times. From a peak market cap in 2021 of $2.1 billion, today they are valued at only $1.4 billion, according to MSCI. The data and indexing firm says VCMs should rebound to anywhere from $7 billion to $35 billion by 2030, a year by which the leading companies around the world are meant to hit meaningful reductions in the carbon footprints. Is such a leap possible? Ellery Sutanto, head of business development at a young VCM in Singapore, Climate Impact X, says COP29 saw landmark agreement on standards that will harmonize language…
Image source: Getty Images Lloyds (LSE: LLOY) shares have had a turbulent time lately, along with almost every other FTSE 100 stock. But over the last year, the journey hasn’t been too shabby. Despite plunging 11% in the last week, Lloyds is still sitting on a 22% gain over 12 months. Add in a dividend yield of around 4.75%, and investors who’ve held on have enjoyed a total return approaching 27%. Not bad at all, especially given the chaos out there. Is this FTSE 100 stock a buy? Global trade worries and political tensions have knocked Lloyds back, just as…
Rebalancing is a fundamental strategy for maintaining portfolio diversification, but it comes with a hidden cost that can significantly impact returns. Predictable rebalancing policies expose large pension funds to front-running, resulting in billions of dollars in annual losses. Rebalancing ensures consistent diversification in equity and fixed-income portfolios. Without it, a traditional 60-40 portfolio wouldn’t stay 60-40 for long. In a bull market, for example, the equity would eventually overwhelm the portfolio. But a rebalanced 60-40 portfolio is still an active strategy that buys losers and sells winners. As my previous research shows, such rule-based rebalancing policies can increase portfolio drawdowns.…