Mother Jones illustration; Chris Leboutillier/Unsplash; Kristoffer Tripplaar/Sipa/AP Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. The US government is a big-time hoarder. At last count, in three locations—Denver, Fort Knox, and West Point—it had socked away 248,046,115.696 troy ounces of gold. One might think to round that to the nearest ounce, but at today’s prices, that extra 0.304 ounces of gold would fetch about $1,060 and the entire hoard is worth more than $865 billion. Except it isn’t, because that gold is not for sale. Sequestration has…
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Image source: Getty Images I’ve spent most of the last week on holiday on a beach in Cornwall. And there’s nothing like a vacation to get me thinking about passive income. Like most people, I work for most of the year to earn enough so that I can spend a couple of weeks doing nothing. But what if I could keep the money coming in while relaxing? Being a business ‘owner’ Realistically, nobody is going to just hand me money without getting something in return. So earning passive income means getting paid while someone else works. In my case, the…
NZD/USD gathers strength to near 0.5935 in Monday’s early European session, up 0.20% on the day. Financial markets currently expect a rate cut at the Fed’s September 16-17 meeting. The RBNZ is anticipated to cut its OCR to 3.0% from 3.25% on Wednesday. The NZD/USD pair gains traction to around 0.5935 during the early European session on Monday. The US Dollar (USD) edges lower against the New Zealand Dollar (NZD) as anticipation mounts of a Federal Reserve (Fed) interest rate cut. Investors await the Reserve Bank of New Zealand (RBNZ) interest rate decision and the release of FOMC Minutes later on Wednesday. The Greenback remains…
Image source: Getty Images Right now, many growth investors are fixated on names like Nvidia and Palantir. And it’s easy to see why – thanks to AI these companies are generating prolific gains. However, there’s an under-the-radar UK stock that’s generating similar kinds of gains. Operating in several high-growth industries, I think it’s worth a closer look right now. A small-cap generating incredible gains The stock I want to highlight today is Filtronic (LSE: FTC). It’s a designer and manufacturer of advanced radio frequency (wireless communication) solutions for the space, aerospace & defence, and telecoms infrastructure markets. Listed on the…
The carbon-credit insurer has appointed James Morrell head of credit underwriting. Source link
Image source: Getty Images Before last week, shares in FTSE 100 emerging markets specialist bank Standard Chartered (LSE: STAN) were around an 11-year high of £14.32. This followed a 90% gain from their 4 September one-year low of £7.43. However, from last Wednesday (13 August), the stock began to drop on rumours of an impending legal issue. This was confirmed on Friday, when a US Congresswoman requested that Standard Chartered be investigated over alleged – but unspecified — sanctions evasion. The bank responded that the underlying allegations were “entirely false” and had been rejected by US courts multiple times. It…
Image source: Getty Images Shell (LSE: SHEL) shares have dropped 7% from their 12-month traded high of £28.43. This reflects lower benchmark oil prices over the year and poor Q2 results released on 31 July. Adjusted earnings (net profit) hit $4.264bn (£3.17bn). This was ahead of consensus analysts’ forecasts of $3.74bn. However, it was still 32% lower than the same measure in Q2 2024, at $6.293bn. During that time, the average Brent benchmark oil price fell 21%, from $85 per barrel (pb) to $67pb. The additional shortfall resulted from weaker trading in Shell’s integrated gas division and losses at its…
Image source: Getty Images I’m planning to fund my retirement with a broad portfolio of dividend shares with high yields and strong payout histories. That way, I can realistically expect to receive a regular and growing passive income while continuing to increase the size of my pension pot. To reach that point, investors like myself need to have a large enough portfolio to throw off a healthy second income. Fortunately, the long-term growth potential of the stock market means individuals don’t need to invest colossal sums to reach this goal. But it does need a patient and balanced approach. Here’s…
Image source: Getty Images Every now and then, a penny stock turns up that looks like it’s been through the financial equivalent of a demolition derby — yet still has the engine to get back on the track. For Severfield (LSE: SFR), that engine is its dividend and a fresh change behind the wheel. Over the past year, the UK’s largest structural steel specialist has seen its share price crash from 83p to just 34p – a gut-wrenching 58% decline. The first blow landed in November when interim results failed to inspire confidence. While revenue rose 17%, operating profit swung…
The Department of Energy (DOE) is set to meet with 120 stakeholder representatives from the private sector this week to gather feedback on the draft Carbon Credit Policy it is developing in a bid to attract investments in clean energy.The DOE said the public consultation will be convened on Tuesday, August 19, to hear feedback on the draft department circular which will provide general guidelines for the issuance, management, and monitoring of carbon credits in the energy sector.“This Carbon Credit Policy is a game-changer for the Philippine energy sector,” DOE undersecretary Felix William Fuentebella said in an emailed statement.“It will…