[ad_1] Investing.com– Elon Musk has requested a federal judge to dismiss a proposed class-action lawsuit alleging that his $1 million-a-day election giveaway to support the U.S. Constitution was an illegal lottery under Texas law. The lawsuit, filed on November 5, 2024, by Arizona resident Jacqueline McAferty, claims that Tesla Inc (NASDAQ:) CEO Musk and his political action committee, America PAC, misled participants by suggesting winners would be chosen randomly. In his defense, Musk argued that participants were fully aware that signing the petition provided an opportunity to earn funds as America PAC spokespeople, not through a random lottery. He emphasized…
Author: user
[ad_1] Access Denied You don’t have permission to access “http://www.businesswire.com/news/home/20250126513284/en/Fixed-Income-and-Thematic-Investing-Drives-AUM-for-ETFs-Benchmarked-to-ICE-Indices-to-Record-Level-in-Asia-Pacific-in-2024” on this server. Reference #18.87403617.1737939970.3353b98f https://errors.edgesuite.net/18.87403617.1737939970.3353b98f [ad_2] Source link
[ad_1] WASHINGTON -U.S. President Donald Trump on Sunday issued an executive order directing the federal government to override the state of California’s water-management practices if they are found to be ineffective. The order comes two days after Trump visited the Los Angeles region, which has been devastated by a series of wildfires. Trump has falsely claimed that Democratic Governor Gavin Newsom and other officials refused to provide water from the northern part of the state to fight the fires. His order directs federal agencies to “immediately take actions to override existing activities that unduly burden efforts to maximize water deliveries.” It…
[ad_1] (Reuters) – Jaguar Land Rover (JLR) will invest 65 million pounds ($80.71 million) to expand its luxury paint services in the UK and Slovakia to meet increased demand for personalised cars from high-end clients, it said on Monday. The luxury car maker joins rival Rolls-Royce Motor Cars, a unit of BMW, in trying to cash in on the trend. JLR will more than double the capacity of its SV Bespoke Paint matching service, allowing Range Rover SV clients to paint their cars in any colour, including those matching their private jets or yachts. The company will open new paint…
[ad_1] What can the larger investment community learn from how asset owners are thinking about and building their multi-generational, long-horizon portfolios? At last month’s Alpha Summit GLOBAL by CFA Institute, Jaap van Dam, PGGM’s principal director of investment strategy, and Geoffrey Rubin, the senior managing director and chief investment strategist at CPP Investments, spoke with Josina Kamerling, head of regulatory outreach for CFA Institute for the Europe, Middle East, and Africa (EMEA) region about the future of pension fund management, how their organizations are adapting to meet the investment challenges ahead, and what they are looking for in the next generation…
[ad_1] HONG KONG–(BUSINESS WIRE)–Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced record 2024 growth in assets under management (AUM) for Exchange Traded Funds (ETF) benchmarked to ICE’s indices listed on Asian exchanges. This growth was driven by strong retail interest in fixed income and thematic investing in the region, and occurred as ICE has continued to expand its global index offering to include more fixed income, thematic, equity and international indices that match the strategies of the global investment community. In 2024, passive AUM benchmarked to ICE’s indices surged in Asia to an all-time-high…
[ad_1] By Andy Bruce (Reuters) – A clear majority of British businesses look set to cut the size of pay awards for staff in response to coming tax hikes and they remain pessimistic about the outlook for the economy, two surveys showed on Monday. Data provider Incomes Data Research said 69% of employers it canvassed were extremely or moderately likely to reduce pay awards to offset an increase in payroll taxes announced by finance minister Rachel Reeves in her first budget last October. More than half of those respondents said they were “extremely likely” to slow their pay increases. The…
[ad_1] Southland Center sold to Illinois investment group Southland Center sold to Illinois investment group 00:25 TAYLOR, Mich. (CBS DETROIT) — The largest shopping mall in the Downriver area now has new owners.Southland Center has been sold to Greenwood Global, a private investment firm based in Illinois, according to Taylor city officials.”This is going to be an exciting new chapter for Southland,” said Amy Jurecki, senior general manager for Southland Center. “We’re really excited about this.”The city says the facility has struggled with financial challenges over the past decade. In 2022, former owner Brookfield Properties reportedly defaulted on a loan. It’s unknown…
[ad_1] Saudi Arabia is making headlines as it launches its first carbon exchange during the UN Climate Change Conference on November 12. This initiative marks the Kingdom’s commitment to sustainability and establishes it as a leader within the global carbon market.According to experts interviewed by Arab News, Saudi Arabia’s advancements come as part of its Vision 2030 strategy, which focuses on eco-friendly growth through investments in renewable energy, carbon capture technologies, and regulated carbon credit markets.During the inaugural auction, the exchange—operated by the newly formed Regional Voluntary Carbon Market Company (RVCMC)—saw participation from 22 domestic and international firms, offering two-and-a-half…
[ad_1] TORONTO, Jan. 27, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint Partners) is pleased to announce the launch of two new series of Ninepoint Global Infrastructure Fund, being Series T and Series FT. As of January 16, 2025, Ninepoint Global Infrastructure Fund is now available in Series A, Series F, Series T, Series FT, Series I and Series D securities. The investment objective of Ninepoint Global Infrastructure Fund is primarily to maximize risk adjusted long-term returns and secondarily to achieve a high level of income. Ninepoint Global Infrastructure Fund focuses on achieving growth of capital through securities selection and…