The V8 engine has long been a symbol of power and performance, playing a significant role in shaping the automotive world over the past century. Its distinctive layout, featuring eight cylinders arranged in a V-shape, has made it a favorite among car enthusiasts and manufacturers alike. From American muscle cars roaring down highways to sleek European supercars carving through mountain roads, the V8 has been a common choice for delivering high performance, speed, and that unmistakable engine growl. Traditionally, the V8 has been associated with top-tier, high-performance vehicles. Whether in the form of a classic American muscle car like the…
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The Federal Supreme Court (STF) in Brazil suspends Elon Musk’s social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty ImagesX has to pay one last fine before the social network owned by Elon Musk is allowed back online in Brazil, according to a decision out Friday from the country’s top justice, Alexandre de Moraes.The platform was suspended nationwide at the end of August, a decision upheld by a panel of judges on Sept. 2. Earlier this month, X…
Image source: Getty Images Building wealth in the stock market doesn’t have to be complicated nowadays. Just buying a low-cost index fund then adding to it every week or month will do the trick. Due to the power of compounding returns, even modest sums can eventually lead to a jaw-dropping end result. Keeping things nice and simple The Vanguard FTSE 100 UCITS ETF (LSE: VUKE) tracks the performance of the UK’s 100 largest companies. The list is rebalanced quarterly to reflect the rise and fall in the market value of companies. In the latest reshuffle, struggling fashion house Burberry was…
Intel (NASDAQ: INTC) has struggled in recent years as Nvidia and longtime rival Advanced Micro Devices began to surpass it technically. So far, efforts to catch up have fallen short, taking its stock to multiyear lows.Its recent performance may make investors forget that it developed the first commercially produced microprocessor and was the world’s largest semiconductor company for most of its history. Since its initial public offering (IPO), the stock has offered massive returns for its investors and a critical lesson for those not around to benefit.Growth and lessons from IntelWhen Intel launched its IPO on Oct. 13, 1971, it…
When constructing an investment menu for a defined contribution retirement plan, the focus is often on selecting the right investment managers and products. The goal is to choose options that best align with the retirement plan committee’s investment philosophy and are most suitable for the organization’s workforce. While these decisions are important, we believe it is equally important to select the right investment vehicles to fulfill that strategy. That is, the most appropriate mutual fund share class or collective investment trust (CIT) tier. In this post, we review various investment vehicle types, discuss how vehicle choice can impact fees and…
BENGALURU, India – Zoomcar Holdings, Inc. (NASDAQ: ZCAR), a prominent marketplace for self-drive car sharing, has postponed its Annual Meeting of Stockholders to October 1, 2024. The event, initially scheduled for September 26, 2024, will now convene virtually at 10:00 AM ET. The company has extended the meeting to provide stockholders more time to vote on several proposals. Eligible stockholders, identified as those on record by July 29, 2024, are encouraged to participate and cast their votes. Zoomcar has made provisions for stockholders to vote in advance through www.proxyvote.com or during the meeting via www.virtualshareholdermeeting.com/ZCAR2024 or by calling a dedicated…
A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall, likely in 25 basis point increments.The Fed’s preferred inflation gauge — the core Personal Consumption Expenditures (PCE) index that excludes volatile food and energy prices — clocked in at 2.7% over the prior year during the month of August.That was in line with expectations and up a tenth of a percent from 2.6% in July. It remains above the Fed’s 2% target.The result means that a bigger 50 basis point cut may be hard to justify at the Fed’s next meeting…
Inflation moved closer to the Federal Reserve’s target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday.The personal consumption expenditures price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%, down from 2.5% in July and the lowest since February 2021.Economists surveyed by Dow Jones had been expecting all-items PCE to rise 0.1% on the month and 2.3% from a year ago.Excluding food and energy, core PCE rose 0.1% in August and…
Image source: Getty Images My job is my primary income source but I believe I could create a second income to enjoy in retirement through investing smartly. Here’s how I would try to do it. Steps I’d follow The first thing I need to do is put in place an investment vehicle. I reckon a Stocks and Shares ISA is the best one for me. This is due to favourable tax implications on dividends received, and a generous £20k allowance per year. Please note that tax treatment depends on the individual circumstances of each client and may be subject to…
United Atlantic Ventures (UAV) has divested over 7.5 million shares of Trump Media’s stock, according to a 13G regulatory filing made with the Securities and Exchange Commission (SEC) on Thursday.The filing reveals that UAV — a firm created by Trump Media co-founders Andrew Litinsky and Wes Moss — now owns less than 5% of the company’s common stock.At the time of merger between Trump Media and Technology Group and special-purpose acquisition firm Digital World Acquisition Corp. in late March, which allowed Trump Media to go public, UAV held 7,525,000 shares, representing 5.5% of the company’s stock.As of the filing date,…