The wealthy U.S. Commerce Secretary Howard Lutnick, whose previous firm Cantor Fitzgerald is deeply invested in real estate, cryptocurrency and treasuries, has become the brash new face of Trump’s economic agenda, championing tariffs and digital assets while ethics watchdogs warn that the potential conflicts from his sprawling financial interests remain unchecked. On March 20, Lutnick appeared on Fox News and urged viewers to buy Tesla stock as the markets plummeted. When they recovered in early April, he was quick with an upbeat post on X: “Never bet against Donald Trump. Never bet against America.” Lutnick is also fully on board…
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Major polluting industries in four sectors — aluminium, cement, pulp and paper and chlor-alkali — will have to comply with the government’s greenhouse gas reduction targets for FY26 and FY27. Failing to do so, they will have to purchase carbon credits or pay environmental compensation. The Union Ministry of Environment, Forest and Climate Change has issued a draft notification on this under the compliance mechanism of the Carbon Credit Trading Scheme, 2023. This means that industry operating in these sectors will have to comply with the ministry’s greenhouse gas emission intensity (GEI) targets. The move also operationalises the domestic carbon…
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Image source: Getty Images I saw a headline earlier this week stating that the Dow Jones index was on track for its worst monthly percentage loss since the Great Depression in 1932. Of course, there are still some trading days left in the month, so we’ll have to wait and see how the history books are written. But with the US stock markets down heavily so far this year, here’s what’s on my radar for potential cheap purchases. Trade war easing speculation Amazon (NASDAQ:AMZN) has fallen 24% so far this year and is down 3% over a broader one-year period.…
Image source: Getty Images Just because I’m a long-term investor, it doesn’t mean that I’m not looking for UK stocks that could give me explosive returns in the coming years. I want to own shares that could double in value, but I’m not expecting it to happen in a week. Below is one idea that I think has the potential to rally sustainably going forward. Details of the company The first is Alpha Group International (LSE:ALPH). The FTSE 250 stock is up 28% over the last year. Over the past five years, it’s up 244%. So although I can’t simply…
Image source: Getty Images Using £10,000 to build towards a second income of £500 a month is a realistic goal to aim for. By initially investing in high-growth shares, the value of the investment could appreciate rapidly. Once a goal’s reached, it can be shifted into high-yield dividend shares which pay the required income. For example, it’s common for a portfolio of growth stocks to achieve annual growth between 8-10%. £10k in this portfolio could grow to £85,000 within 24 years, assuming annual price appreciation of 9%. Then, the investment could be shifted into a portfolio of dividend shares that…
Image source: Getty Images Just when you think Aston Martin Lagonda (LSE: AML) shares can’t go any lower, they do. Now at 66p, they’re down 39% in six months, 56% over a year, and 98% since listing in late 2018. The share price trend seems so bearish that any positive news at all could spark a sudden turnaround. Therefore, I’ve been digging into the FTSE 250 struggler again to see if it might be worth me buying a few shares for my ISA. Top brand There are a few things that I like about Aston Martin. The most obvious is…
By Nimesh Vora and Dharamraj Dhutia MUMBAI (Reuters) -India’s foreign exchange and interest rate traders have turned cautious on fears of a possible escalation in tensions between New Delhi and Islamabad following a deadly militant attack in India’s Kashmir region. Suspected militants killed 26 men at a tourist destination in Kashmir on Tuesday in the worst attack on civilians in the country in nearly two decades. Indian Foreign Secretary Vikram Misri said that there was cross-border involvement in the attack. New Delhi has suspended a six-decade old river-sharing treaty and closed the only land crossing between the nuclear-armed rivals. A…
Image source: Getty Images In my experience as a former senior investment bank trader and longtime private investor the FTSE 250 is a good place to find tomorrow’s stars today. This could well be the case with high-tech defence firm Chemring (LSE: CHG), in my view. Its core capabilities include latest technology systems for active cyber defence, electronic warfare, and aerial and naval countermeasures, among others. It is a global leader in countermeasures systems, supplying 85% of NATO’s air fleets and 60% of its naval fleets. It is a key supplier of precision technology to NASA and SpaceX, providing 230 products…
Image source: Getty Images 2 April was dubbed a ‘Liberation Day’ by the US administration. On that day, President Trump announced a wide range of tariffs to be imposed on nations around the world. The FTSE 100, along with other global financial markets, fell in the immediate aftermath. The volatility in the weeks since has been high. But if an investor had bought an index tracker on the day, here’s how it would currently look. A wild ride I will assume the investor bought at around 9am on the fateful morning, with a buying price of 8,591 points. Using the…