Ford is fully aware that it faces a significant challenge in convincing more customers to embrace electric vehicles (EVs). Although Ford holds the position of the second best-selling electric vehicle brand, trailing only Tesla, a recent survey of over 2,000 potential buyers revealed the automaker still faces several obstacles. Many misconceptions, myths, and barriers persist, deterring people from making the switch from gasoline-powered cars. According to Ford officials, these include a lack of understanding of the benefits of home charging, an overestimation of the range needed for most daily driving, and concerns over the cost and frequency of battery replacements.…
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Morgan Stanley has maintained its Equalweight rating and $12.00 price target for IGM Biosciences (NASDAQ: NASDAQ:). The company recently announced a strategic shift in its pipeline, prioritizing T cell engagers for autoimmune diseases and stepping away from oncology development. Concurrently, IGM Biosciences has appointed a new CEO. The biotech firm’s decision to reprioritize its pipeline is aimed at leveraging its expertise in autoimmune diseases, a move that is expected to modestly extend its cash runway according to the investment firm’s assessment. The strategic adjustment comes as part of IGM Biosciences’ broader efforts to optimize its resource allocation and sharpen its…
(Bloomberg) — European bonds gained with equities as inflation data Tuesday poured fueled on a rally sparked by bets central banks are poised to accelerate interest rate-cutting cycles.Most Read from BloombergYields on 10-year German bonds fell as much as seven basis points to the lowest level since January after euro-area inflation slowed below the European Central Bank’s 2% target for the first time since 2021. Rates traders are coming around to the idea that the ECB will deliver a consecutive quarter-point decrease this month.The European Central Bank President Christine Lagarde said the bank is becoming more optimistic about getting price…
Image source: Getty Images The FTSE 250 is filled with exciting opportunities for investors; however, it also contains numerous value traps. Thankfully, I see Bank of Georgia (LSE:BGEO) as an opportunity, but it’s not simple. Unbeatable metrics Valuation metrics should always be the first port of call for investors. And Bank of Georgia — Georgia’s (the country) second largest bank — doesn’t disappoint. Despite the stock surging in recent years, the company is currently trading at 4.43 times earnings from 2023 and 3.1 times forecasted earnings for 2024. That’s a significant discount to British banks. What’s more, Bank of Georgia…
JOHANNESBURG (Reuters) – South African manufacturing activity increased in September, recovering from the previous month’s slump as demand rose and an interest rate cut boosted sentiment, the Absa-sponsored purchasing managers’ index survey showed on Tuesday. Absa’s seasonally adjusted PMI for the factory sector rose to 52.8 points in September from 43.6 in August, above the 50-point mark that shows growth. “Both domestic and export demand showed signs of improvement… On the local consumer front, the recent interest rate cut adds to the expectation of a possible more positive demand story going forward,” local bank Absa, which sponsors the survey, said…
The final quarter is upon us after a volatile time for equity markets. The S & P 500 rose 0.42% to a record close of 5,762.48 on Sept. 30 as investors continued to bet on themes like the potential for artificial intelligence and interest rate cuts. Chinese markets have seen renewed interest with the CSI 300 blue-chip index surging 8.5% on Monday — its best day in 16 years . The benchmark 10-year U.S. Treasury yield , meanwhile, is hovering around 3.79% Looking ahead to the last three months of this year, one veteran investor cautioned that “several uncertainties loom,”…
Image source: The Motley Fool Passive or active? Index funds or individual stocks? This is a choice any would-be investor makes at some point. Option one is to bung all the money into broad-market funds and accept average returns. Option two is to tilt the risk-reward ratio a little by choosing companies to grow the money instead. It’s a wide topic with countless different viewpoints, and one in which Warren Buffett has a rather interesting couple of things to say. Advantages The particular quote I’m about to go into is a response to the efficient market hypothesis – the idea…
Artificial intelligence (AI) has taken the world by storm over the last year. Demand for generative AI, which can create intelligent responses, images, and videos from simple text instructions, is booming and expected to grow exponentially in the years to come.Some of the most widely used generative AI applications are OpenAI’s ChatGPT, Google’s Gemini, and Microsoft Copilot. ChatGPT has more than 200 million weekly active users, but overall, the generative AI market could increase approximately 10-fold to $356 billion by 2030, according to Statista.Here are two stocks to cash in on this opportunity.1. Soundhound AIOne area where demand for generative…
By James Mackenzie, Maya Gebeily and Timour Azhari JERUSALEM/BEIRUT (Reuters) -Israel said intense fighting erupted with Hezbollah in south Lebanon on Tuesday after its paratroops and commandos launched raids there, at the start of a ground incursion and after devastating airstrikes against Hezbollah’s leadership. The Israeli military said the operations in Lebanon began on Monday night and involved the elite 98th division, which was deployed to the northern front two weeks ago from Gaza where they had been fighting against Hamas for months. It said its air force and artillery supported ground troops engaged in “limited, localised, and targeted ground…
Image source: Olaf Kraak via Shell plc The FTSE 100 currently has a dividend yield of 3.5%. Therefore, the best shares in the index to generate a passive income will have a yield above this. There are plenty of options to choose from. However, one share caught my attention recently: Shell (LSE:SHEL). The company usually announces its dividend in dollars and later announces the sterling equivalent. On 9 September, it announced this would be 26.15p per share for the quarter. My income opportunity I will ignore future foreign exchange differences and assume the 26.15p is the constant dividend going forward.…