Image source: Getty Images The Individual Savings Account (ISA) is an excellent investment product, in my view. With an annual allowance of £20,000, the Stocks and Shares ISA and Cash ISA meet the needs of most investors. With these tax wrappers, investors don’t pay a single penny in capital gains tax or dividend tax. But while they’re good products, many investors make poor decisions when it comes to using their ISAs. Here are two mistakes I’m constantly seeking to avoid. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in…
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With JP Morgan CEO Jamie Dimon warning Washington that China and Russia are seeking to dismantle the Western world, and “World War III has already begun”, access to critical metals that serve as the fuel of America’s military has become the most urgent issue of our time.Critical metals will determine superpower status and global domination.China is winning because it controls the bulk of the world’s critical metals, from mining to refining. Washington has been slow to discover domestic or friendly resources, at a time when the U.S. Army desperately needs them.So, when a North American junior miner emerges as the…
Howard Marks, co-chairman, Oaktree Capital.Courtesy David A. Grogan | CNBCVeteran investor Howard Marks said he was hopeful about China’s economy, but cautioned that the country’s growth target was a monumental challenge.”I’m still optimistic on China’s long-term possibilities, as long as they execute well and as long as they remain constructive with regard to the rest of the world,” the co-chairman of Oaktree Capital Management said.Marks told CNBC’s Emily Tan on the sidelines of the third Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority that “Even though the growth rate they [China] are targeting sounds modest compared…
By Siddarth S (Reuters) – Goldman Sachs has forecast the would reach 6,500 by the end of 2025, joining peer Morgan Stanley (NYSE:), on the back of continued growth in the U.S. economy and corporate earnings. The Wall Street brokerage’s target implied an upside of 10.3% from the index’s last close of 5,893.62. On Monday, Morgan Stanley also forecast the benchmark index would hit 6,500 by the end of next year. It estimated the recent broadening in U.S. earnings growth would continue in 2025 as the Federal Reserve cuts interest rates into next year and as business cycle indicators improve…
Image source: Getty Images Investing in exchange-traded funds (ETFs) can be a great way to diversify a Stocks and Shares ISA in a cost-effective way. Putting money in one of these financial instruments has been especially lucrative over the past 12 months. According to Bloomberg Intelligence analysis, 96% of ETFs in the US have posted positive returns over this period, with the majority of products delivering double-digit returns. Bloomberg comments: “If you’ve put money in an exchange-traded fund — those cheap products designed for the masses — you’re likely enjoying stellar gains, no matter what you’ve been betting on”. Source:…
By Federico Maccioni DUBAI (Reuters) – Rothschild has launched a wealth management office in Dubai to boost its offering to local clients as well as wealthy individuals in the region, it said on Tuesday, following other financial institutions tapping into the growing market. The new office, already operational, will cater to ultra-high-net worth families, entrepreneurs, charities and foundations, the bank said in a statement, adding its Geneva-based Middle East team will now be flanked by local advisers. Western wealth managers have increased their presence in the United Arab Emirates as its ease of doing business, convenient time zones, and tax-free…
The analysis, based on data from LeadIT’s Green Steel Tracker, examines the possible renewable energy and renewable hydrogen demands for iron reduction and primary steel production in the EU. Decarbonizing steel production in the EU will involve a significant increase in demand for renewable electricity, particularly for production of renewable hydrogen. If the transition from fossil fuel-based to renewable electricity-based iron and steel production is to succeed, there is a need for reliable estimates of how much renewable electricity it will demand. Such estimates are also needed so that the transition in the steel sector is aligned with developments in…
(Bloomberg) — Two of the world’s biggest foreign holders of US government debt offloaded a pile of Treasuries in the third quarter as they rallied before the presidential election. Most Read from Bloomberg Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30, data from the US Department of the Treasury showed on Monday. Funds in China offloaded $51.3 billion during the same period, the second biggest sum on record. The return on Treasuries peaked at a 2-1/2 year high in mid-September before the Republican Party gained control of both houses of Congress…
SHANGHAI, Nov. 18, 2024 /PRNewswire/ — GreenTree Hospitality Group Ltd. (NYSE: GHG) (“GreenTree” or the “Company”), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, on Thursday November 21, 2024. GreenTree’s management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on November 21, 2024 (9:00 PM Beijing/Hong Kong Time on November 21, 2024). Dial-in numbers for the live conference call are as follows:International1-412-902-4272Mainland China4001-201203US1-888-346-8982Hong Kong800-905-945 or 852-3018-4992Singapore800-120-6157Participants should ask to join the GreenTree call. A telephone replay of the conference…
SANTA CLARA, CALIFORNIA – SEPTEMBER 09: Vernon Davis looks on during the 49ers Hall of Fame Induction ceremony for Frank Gore during halftime of the game between the New York Jets and San Francisco 49ers at Levi’s Stadium on September 09, 2024 in Santa Clara, California. (Photo by Lachlan Cunningham/Getty Images) Vernon Davis has always been a force to be reckoned with. The former NFL tight end’s career reads like a highlight reel of American football excellence: sixth overall pick in the 2006 NFL draft, Pro Bowl selection, and Super Bowl 50 champion with the Denver Broncos. But these days,…