By Ilona Wissenbach and Andrey Sychev HANOVER, Germany (Reuters) -Daimler Truck, one of the world’s biggest commercial vehicle makers, aims for half of its European sales to come from electric trucks in 2030, the head of its Mercedes-Benz (OTC:) Trucks unit, Karin Radstrom, said on Monday. Radstrom, who is due to take the helm of the whole group next month, seeks to sell as many as 30,000 electric trucks, or half of Daimler’s total vehicle sales in Europe, by the end of the decade. “Hopefully we’ll be so good that we can do even more,” she said at a press…
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What is the current price of silver per ounce today? Silver’s price as of 9 a.m. ET was $30.98 per ounce. That’s up 2.55% from the previous day and up 29.47% since the beginning of the year. The lowest price for the precious metal in the last 24 hours was $30.19 per ounce per ounce. The highest price in the past 24 hours: $31.09 per ounce. Silver spot price The spot price refers to the price at which silver can be bought or sold “on the spot,” or immediately. The futures price, however, reflects the price for silver delivered later.…
(Bloomberg) — Prime Minister Justin Trudeau’s government will make 30-year mortgages available to all first-time buyers and to buyers of newly built homes as the embattled leader tries to win back the approval of younger Canadians.Most Read from BloombergThe government will also begin allowing mortgage default insurance on homes with up to C$1.5 million ($1.1 million) in value, an increase from the current cap of C$1 million. That means buyers can bid on more expensive homes even if they have less than a 20% down payment — as long as they purchase insurance.“We are now making the boldest mortgage reforms…
Scout Investments, Inc, an affiliate of Carillon Tower Advisers, released the “Carillon Scout Small Cap Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, the small-cap growth market was down. Higher quality, earners, and larger small caps were among the traits of many of the stocks that outperformed higher-priced securities. Consumer staples and communication services were among the Russell 2000® Growth Index’s top-performing sectors; real estate and consumer discretionary were among the worst-performing. During the second quarter, the S&P 500 Index beat the Russell 2000® Index by almost 7.6%. In comparison…
sankai/Getty ImagesUsually, when a software company pushes out a major new release in May, they don’t try to top it with another major new release four months later. But there’s nothing usual about the pace of innovation in the AI business.Although OpenAI dropped its new omni-powerful GPT-4o model in mid-May, the company has been busy. As far back as last November, Reuters published a rumor that OpenAI was working on a next-generation language model, then known as Q*. They doubled down on that report in May, stating that Q* was being worked on under the code name of Strawberry.Also: Why natural…
EchoStar Corporation (NASDAQ: SATS) stock jumped 6.8% through 10 a.m. ET Monday after Bloomberg reported over the weekend that the satellite TV and cellphone company (EchoStar owns both DISH and Boost Mobile) is in talks to merge with AT&T’s (NYSE: T) DirecTV.As the news agency reported, a successful merger would create “the largest pay-TV provider in the US.”What Bloomberg said about DISH and DirecTVCaveats abound.Discussions between AT&T and its co-owner of DirecTV, private equity company TPG, are at an “early stage.” The discussions are private, but sources say no agreement has been reached — and it’s possible no agreement will…
Dolly joined forces with her sister Rachel Parton George on a new cookbook: ‘Good Lookin’ Cookin’: A Year of Meals.’ The siblings tell PEOPLE how cooking kept their family bond strongCopyright 2024 Dolly Parton and Rachel Parton George. Photographs copyright 2024 by Aubrie Pick. Published by Ten Speed Press, an imprint of Crown Publishing Group, a division of Penguin Random House LLC, New York Dolly Parton and Rachel Parton GeorgeDolly Parton and her sister Rachel Parton George are sitting in front of a towering serving of strawberry shortcake — a recipe from their new cookbook — but are reminiscing about…
Reality TV shows are as popular now as they’ve ever been, ranging from immersive scenarios like Survivor to talent competitions like AGT. Years ago, there was a reality show that applied immense pressure to a group of unsuspecting kids to form their own society without their parents. Called Kid Nation, the series put its 40 young participants through the wringer on camera, and former contestant Daniel Kyri – who now stars on NBC’s Chicago Fire as a series regular– was among those who opened up about the experience on Vice TV’s Dark Side of Reality TV.If you missed Kid Nation…
European Commissioner for the Internal Market Thierry Breton (R) who quit Monday with EC President Ursula von der Leyen, a relationship said to have been tense for most of the five years they worked together. File Photo by Olivier Hoslet/EPA-EFE Sept. 16 (UPI) — The European Union’s top regulator of the bloc’s 27-country internal market, France’s Thierry Breton, quit Monday in a row with European Commission president Ursula von der Leyen over his re-appointment to a five-year second term. Breton alleged in a post on X that von der Leyen had for personal reasons gone behind his back to French…
Abercrombie & Fitch Co. (ANF), a digitally-led, omnichannel specialty retailer of apparel and accessories, has shown outstanding growth, with the stock surging nearly 150% over the past year despite a challenging macroeconomic environment. This substantial rise in value has drawn attention to whether the company’s growth trajectory justifies its current stock price or if a correction is on the horizon. By analyzing ANF’s earnings, revenue growth, and future sales forecasts, we can evaluate whether the company is positioned to sustain these gains and remain a compelling investment in the retail sector. Solid Second-Quarter Earnings and Revenue Growth Despite Retail Headwinds…