By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Monday imposed sanctions on an international Hamas fundraising network, accusing it of playing a critical role in external fundraising for the Palestinian militant group, in action marking the first anniversary of the Gaza war. The U.S. Treasury Department in a statement said it imposed sanctions on three people and what it called a “sham charity” that it accused of being prominent international financial supporters of Hamas, as well as on the Al-Intaj Bank in Gaza that it said was controlled by the group. Also targeted was a longstanding Hamas supporter,…
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Strategic investment from Goldman Sachs Alternatives and additional credit facility commitments fortify BrightNight’s standing as a leading U.S. renewable power platform. NEW YORK, Oct. 7, 2024 /PRNewswire/ — BrightNight, the next-generation renewable power producer built to deliver clean and dispatchable power solutions, today announced the successful closing of a $440 million strategic equity investment from Goldman Sachs Alternatives. This investment, together with existing capital commitments from leading institutional investors, is expected to fully fund BrightNight’s five-year business plan and advance the execution of its 31-gigawatt renewable power project portfolio, which includes solar, energy storage, and hybrid solutions. BrightNight Chairman and…
US stocks slipped on Monday as investors overhauled their views on interest rate cuts after a blowout jobs report ahead of a week of key inflation data and the start of earnings season.The Dow Jones Industrial Average (^DJI) fell 0.3% after notching a fresh record high as stocks soared to close the week. The S&P 500 (^GSPC) shed roughly 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) led the losses with a 0.4% drop.Hopes for an outsized rate cut from the Federal Reserve have melted away after a better-than-expected September jobs report dispelled concerns about cracks in the labor market. The…
Image source: Getty Images A near-tripling in the price of Diageo (LSE: DGE) shares between 2012 and 2022 meant the dividend yield rarely rose much above 2%. As a result, the FTSE 100 alcohol stock was widely seen as offering more potential for growth than income. However, with Diageo down 35% since the start of 2022, the yield has risen to just above 3%. This is also due to the resilience of the dividend, which continued during the pandemic when other blue-chip firms were cutting, axing, and postponing payouts. Dividend forecast In the table below, I show analyst consensus forecasts…
The defense sector comprises companies that provide military and national security-related products and services. These firms develop and manufacture weapons, aircraft, vehicles, and technology for defense purposes. Defense stocks represent shares in these companies that are publicly traded on stock exchanges. The sector’s performance often correlates with global geopolitical events and government defense spending. Investing in defense stocks can offer several potential benefits. These companies often have long-term government contracts, providing stable revenue streams. Defense spending tends to remain consistent regardless of economic conditions. Many defense firms pay dividends, appealing to income-focused investors. However, there are also risks to consider.…
In a year marked by significant volatility, GORV stock has reached a new 52-week low, trading at $1.37. This latest price level reflects a stark downturn for the company, which has seen its stock value plummet over the past year. Investors have witnessed a dramatic 1-year change, with Lazydays Holdings, Inc. (NASDAQ: LAZY), the parent company of GORV, experiencing a staggering decline of -80.2% in its stock price. This considerable drop has raised concerns among shareholders and market analysts alike, as they assess the company’s performance and future prospects in an uncertain economic environment. In other recent news, Lazydays Holdings…
Image source: Getty Images One argument for investing in medium-sized companies is that they have more opportunities for growth than large, mature ones. Looking at the five-year performance of the FTSE 100 and FTSE 250 indexes though, this is not immediately obvious. During that time, the leading index of large blue-cap companies has grown by 14.2% while the secondary one is up just 3.6%. Could that be because of some systemic problem with the sorts of companies seen in the FTSE 250? Or might it point to an undervaluation problem? Quality street or dead-end alley? Starting with the first possible…
A satellite image shows Tropical Storm Milton intensifying and on track to become a hurricane before its expected landfall in Florida, in the Gulf of Mexico October 6, 2024. CIRA/NOAA handout | Via ReutersMilton has rapidly intensified into a category 4 hurricane on the Saffir-Simpson Hurricane Wind Scale, the U.S. National Hurricane Center said on Monday.Milton is located about 150 miles (240 km) west of Progreso Mexico, with maximum sustained winds of 150 mph (240 kph), the Miami-based forecaster said.Milton strengthened into a major hurricane Monday on a path toward Florida population centers including Tampa and Orlando, threatening a dangerous storm…
How To Earn $500 A Month From PepsiCo Stock Ahead Of Q3 EarningsPepsiCo, Inc. (NASDAQ:PEP) will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 8.Analysts expect the Purchase, New York-based company to report quarterly earnings at $2.29 per share, up from $2.25 per share in the year-ago period. PepsiCo is projected to report revenue of $23.82 billion, up from $23.45 billion, according to data from Benzinga Pro.Some investors may be eyeing potential gains from PepsiCo’s dividends. The company currently offers an annual dividend yield of 3.23%. That’s a quarterly dividend amount of $1.3550 per…
Image source: Getty Images The past year has been a good one for shareholders in Lloyds (LSE: LLOY). During those 12 months, the Lloyds share price has soared 40%. And even after that rise, the black horse bank offers a juicy dividend yield of 4.9%. But the thing is, despite growing by two-fifths, Lloyds shares still look cheap on some metrics. Should I buy? Looking cheap… in some ways One approach would be to look at the bank’s price-to-earnings (P/E) ratio. At 8, it looks cheap to me. But when it comes to valuing shares in banks, earnings are not…