Ever wonder how and where millionaires are putting their investment dollars to use? Goldman Sachs Apex Americas head Anushka Gupta joins Wealth to break down how high-wealth investors allocate their funds.”In our work with very large family offices, we find that two key themes sort of emerge in their approach to investing. One is their ability to take risk and the other is their ability to bear illiquidity and be patient,” Gupta tells Yahoo Finance.She notes that these investors usually maintain a large allocation to alternatives to cater to a multi-generational approach to wealth. Overall, Gupta recommends that investors of…
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Lotus Cars has recently revealed a refreshed Emira sports car for the 2025 model year. This mid-engine beauty, not to be confused with the electric Lotus Technologies division, now offers a more powerful AMG sourced turbocharged four cylinder engine in addition to a revised lineup. Initially available as the First Edition, the Emira is now offered in Turbo, Turbo SE, and V6 specifications. The Turbo SE, with its 400 horsepower and 354 pound feet of torque, is the most potent Emira to date, surpassing the Turbo’s 360 horsepower and 317 pound feet. While the V6 in the US market offers…
On Wednesday, B.Riley maintained a neutral stance on Airbnb Inc. (NASDAQ: ABNB), reiterating a $140.00 price target for the company’s shares. Highlighting the significance of Airbnb’s co-hosting network introduced in its Winter 2024 update, the firm recognized the feature as a key development. The network, which has amassed over 10,000 co-hosts in ten countries, is designed to meet a frequently expressed demand from hosts and is expected to enhance the platform’s supply. The analyst from B.Riley commented on the potential of the co-hosting service to expand the availability of Airbnb’s experiences, which are set to be re-launched in 2025. Although…
Volkswagen, once a dominant force in the automotive industry, has faced challenges in recent years. Despite the enduring popularity of models like the Atlas and Tiguan, the brand’s sales in the United States have fallen short of expectations. The electric ID.4, while promising, has experienced a significant decline in sales. The Jetta and Golf GTI, however, have shown resilience, with sales increasing compared to the previous year. However, with a total of 93,000 units sold in the third quarter, Volkswagen’s position in the American market has shifted from mainstream to niche. Volkswagen’s Shift in US Market: Legacy Models Like Jetta…
Uranium mining stocks surged higher on Wednesday, with industry bellwether Cameco (NYSE: CCJ) rising 8.2% through 2:11 p.m. ET, Denison Mines (NYSEMKT: DNN) doing even better with a 14.7% gain, and smaller Energy Fuels (NYSEMKT: UUUU) performing best of all — up 17%.Investors are betting on a resurgence in demand for nuclear energy, and their optimism is not without reason as tech giants like Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Amazon.com (NASDAQ: AMZN) are placing multibillion-dollar bets on the sector.What’s going on with nuclear power?Last month, Microsoft ignited the rally in nuclear stocks when it signed a…
Dacia’s Bigster, billed as the brand’s largest and most powerful vehicle, has been revealed with the promise of revolutionizing the C-segment market. Similar to the Logan’s success in offering C-segment space at B-segment prices, Dacia aims to provide exceptional value in the C-SUV segment. However, without concrete details, the Bigster’s ability to deliver on this promise remains uncertain. One of the most glaring omissions is the lack of pricing information. Given the emphasis on affordability, the cost of the Bigster is crucial for potential buyers to assess its value proposition. Without a price tag, it’s difficult to compare the Bigster…
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau on Wednesday said India made “a horrific mistake” by thinking it could interfere as aggressively as it allegedly did in Canada’s sovereignty. Trudeau made the remark two days after Canada kicked out six Indian diplomats, linking them to the murder of a Sikh separatist leader in Canada and alleging a broader effort to target Indian dissidents in the country. The Canadian leader’s comments were the strongest he has made in a year-long dispute that plunged bilateral relations to a new low. “The Indian government made a horrific mistake in thinking that they could…
The 1971 production year marked the end of an era for Chrysler’s iconic 426 Hemi engine. This legendary V8, introduced in 1966, quickly gained a reputation for its power and performance. Despite its short production run, the 426 Hemi left an indelible mark on the automotive world. In 1971, as the muscle car era began to fade, Chrysler made the difficult decision to discontinue the 426 Hemi. This abrupt end to the engine’s production left many enthusiasts heartbroken. However, the 426 Hemi’s legacy would live on, and the cars equipped with this engine remain highly sought after by collectors. 1971…
With the US presidential election approaching and uncertainty surrounding the Federal Reserve’s rate-cutting timeline through 2024, investors are seeking guidance on market strategy. Brandywine Global portfolio manager John McClain joins Wealth! to share his investment outlook.McClain expresses optimism about current market (^DJI, ^IXIC, ^GSPC) conditions, noting that third quarter earnings are “off to a good start.” He highlights several positive indicators, including big banks’ outperformance, strong net interest margins, and healthy loan demand, concluding that “the economy is positioned well going forward.”While acknowledging that the election will likely trigger market volatility, McClain advocates for an opportunistic approach, advising investors to…
The Chevrolet Tri-Five, launched in 1955, quickly became a sales sensation. With its stylish design and diverse lineup, it sold over 1.8 million units in its first year alone. This popularity continued through 1957, resulting in nearly five million Tri-Fives sold in total. Among the three trim levels, the Bel Air was the most sought after, accounting for nearly half of all sales. The mid range 210 also attracted attention, while the entry level 150 was often favored by hot rodders. Despite its popularity, unrestored 150s are now quite rare, making them highly desirable among collectors. Chevrolet Tri Five 1957…