Elon Musk Says Warren Buffett Is Positioning For Kamala Harris Win With His $277B Cash Pile As Pro-Trumper John Paulson Warns Of Equity Market ExitWhile Vice President Kamala Harris surges ahead in polls against her Republican rival Donald Trump, she hasn’t found much traction in the business and investing world. Hedge fund manager John Paulson, the founder of New York-based investment firm Paulson & Co. said on Tuesday in a media appearance that he would pull his money off the market in the eventuality of a Harris win, while Tesla CEO Elon Musk flagged something even more ominous.Don’t Miss:Chalk &…
Author: user
Rachel Reeves, the ChancellorRachel Reeves has been handed a boost of up to £10bn ahead of the Budget after the Bank of England said it was slowing down sales of government bonds amassed during lockdown.Policymakers voted unanimously to reduce the stockpile of gilts held by the Bank by £100bn over the next 12 months.While this is the same pace of reduction as this year, only £13bn of these bonds will be actively sold by the Bank, compared with roughly £50bn the previous year.The effect of this change will be to increase the Chancellor’s headroom by up to £10bn before the…
CAPE CANAVERAL – Sidus Space (NASDAQ: SIDU), a company specializing in space infrastructure and Data-as-a-Service products, announced a partnership with Neuraspace, an expert in space traffic management, at the World Space Business Week (WSBW) conference in Paris. This collaboration is set to enhance Sidus Space’s satellite constellation operations, including the upcoming launch of their LizzieSat™ satellite.Under the agreement, Neuraspace will provide Sidus with advanced Space Traffic Management (STM) and Launch and Early Operations (LEOP) support services. These services will leverage Neuraspace’s artificial intelligence (AI) and machine learning (ML) capabilities to offer high-precision tracking and real-time conjunction screening, using a global…
Adding a new performance car to your collection often means you want that thumping V8 engine on your wish list. And thanks to modern technology, though, a surprising number of V8s are pretty livable for daily use. While perhaps not the most fuel-efficient, their design for performance should, in theory, mean reliable power at least. That said, we were looking for ten cars with impressive V8 engines that shouldn’t often leave you sitting by the side of the road. 10. BMW M5 The E39 M5, the last naturally aspirated M5 to date, is highly revered among enthusiasts for its 400…
The new Mercedes-AMG GT 63 PRO 4MATIC+ “Motorsport Collectors Edition” is an exclusive version of the already impressive GT 63 PRO, with design elements inspired by the Mercedes-AMG PETRONAS Formula 1 team. Revealed ahead of the Formula 1 Singapore Grand Prix, this special edition car is perfect for someone who wants a street-legal car that gives off serious F1 vibes. Only 200 of these cars will be made, so it’s truly a limited edition. Mercedes-AMG GT 63 PRO (Via Mercedes) Mechanically, this “Motorsport Collectors Edition” is the same as the regular GT 63 PRO 4MATIC+. It comes equipped with a…
Image source: Getty Images It’s a happy day for my portfolio as the three worst-performing FTSE 100 shares I hold are today’s biggest climbers. With the UK’s blue-chip index up more than 1% this morning, most of the shares I own are doing nicely. I’m thrilled to see these three leading the charge. It suggests they have bags of recovery potential as investors see brighter times ahead. My biggest riser is the biggest faller of the lot, luxury fashion chain Burberry Group (LSE: BRBY). It’s up 5.36% as investors celebrate yesterday’s 0.5% interest rate cut by the US Federal Reserve.…
The 2025 Jeep Wrangler offers a lot of exciting choices for off-road enthusiasts and fans of customization. One of the most notable changes for the 2025 model year is the powertrain options, which give buyers four different engine setups to choose from. This is a great move, considering that many car manufacturers are reducing choices for their customers. Jeep, however, is keeping the flexibility that Wrangler fans love. The 2025 Jeep Wrangler (Via Jeep) The new lineup includes a 2.0-liter turbocharged inline-four engine with 270 horsepower, paired with an eight-speed automatic transmission. There’s also a 3.6-liter V6 engine, which has…
The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years. As a result, the value of the dollar abroad fell slightly. Nevertheless, there’s no need to rush to the nearest foreign currency exchange bureau if you have a trip abroad planned in the near future.Because the rate cut has been forecast for so long, it’s largely already been priced into the value of the dollar in international markets.“Exchange rates tend to adjust when a decline is expected,” Laura Veldkamp, a professor of economics and finance…
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank’s Monetary Policy Committee’s interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty ImagesLONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before.The Monetary Policy Committee voted by 8 to 1 to hold, with the dissenting member voting for another 0.25 percentage point cut.A “gradual approach” to…
TORONTO–(BUSINESS WIRE)–Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) (Gold Reserve or the Company) provides the following update on the sales and bidding process (the Sale Process) for the purchase of the common shares of PDV Holdings, Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp., managed by the Special Master (the Special Master) appointed by the U.S. District Court for the District of Delaware (the Delaware Court). As previously disclosed, the Company submitted on June 11, 2024, a credit bid for the common shares of PDVH pursuant to the Sales Process. On September 17, 2024, Venezuela and PDVSA filed…