Imagine a Land Rover Range Rover Velar, but instead of its usual engine, it’s packing a twin-turbo Lamborghini V10 in the back. Yes, you read that right. This wild custom build is turning heads, and for good reason. With an eye-popping 1,900 horsepower, this trophy truck might be one of the most insane creations we’ve ever seen. Range Rover Velar Trophy Truck (Via Range Rover) The Build From Velar to Beast This outrageous project started about six months ago when Craig Hall from Hall Designs got his hands on a Baja Class 1 buggy chassis. Originally a fully operational buggy,…
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(Bloomberg) — What, exactly, is a carbon credit?That’s a question that decades after the first project was launched in Guatemala in 1988 still has some of the smartest legal minds scratching their heads.In theory, a carbon credit is a certificate representing a one-ton drop in greenhouse gas emissions tied to projects such as a wind farm or a tree-planting scheme. They’re bought by companies to compensate for the pollution they produce somewhere else in the world.But, when it comes to the laws that underpin financial markets, the answer to that question isn’t yet clear. Until it’s solved, banks and investors…
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesChinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy.The Hang Seng Tech Index in Hong Kong, which contains most of the big Chinese tech stocks, closed up nearly 6% at its highest level since early August 2023. The index is up 20% this week.Alibaba closed above $100 per share for the first time since August last year in…
JAKARTA (Reuters) – At least 15 people died in the collapse of an illegal gold mine in Indonesia’s province of West Sumatra, following a landslide caused by heavy rains, an official said on Friday, while rescuers are scrambling to locate seven missing. Small-scale and illegal mining has often caused accidents in Indonesia, where mineral resources are located in remote areas in conditions difficult for authorities to regulate. The illegal gold mine in the district of Solok collapsed after a landslide on Thursday evening due to heavy rain, said Irwan Efendi, the head of the provincial disaster agency. Rescuers must trek…
The National Weather Service in Columbia has issued a * Flash Flood Warning for… Eastern Columbia County in east central Georgia… Richmond County in east central Georgia… Southwestern Aiken County in central South Carolina… Southwestern Edgefield County in central South Carolina… Southeastern McCormick County in central South Carolina… * Until 345 AM EDT. * At 1211 AM EDT, Doppler radar indicated thunderstorms producing heavy rain across the warned area. Up to 0.5 inches of rain have fallen. The expected rainfall rate is 2 to 4 inches in 2 hours. Flash flooding is ongoing or expected to begin shortly. HAZARD…Flash flooding…
Background Some concerns have been raised regarding China’s attitude to blue carbon credits. Critics point to examples such as a case in March 2024 when a court in Xiangshan, Zhejiang province, convicted two individuals for illegal fishing. Part of their penalty – $2,600 – was paid using “blue carbon credits” generated by a seaweed farming operation. The incident has turned the spotlight on China’s blue carbon strategy, prompting some important questions: what national strategies are working in this space, and how can these efforts be refined to better guide other countries in managing their own blue carbon resources? China’s approach…
Giovanni Amodeo, host of the Ion Influencers Fireside Chats, sat down with Peter Rothschild, Co-Founder and Managing Partner of RF Investment Partners, to discuss how to identify a niche in mid-market investing. Key Takeaways: Niche Identification: Peter Rothschild emphasized the importance of identifying a niche in mid-market investing, focusing on the lower middle market, and creating a hybrid structure that combines debt and equity investments. Lower Middle Market: RF Investment Partners focuses on the lower middle market, investing in businesses with EBITDA between $5 million and $50 million, where there is less competition and more opportunities for growth. Hybrid Structure:…
Rachel Reeves is considering changes in next month’s budget to the government’s so-called fiscal rules, which govern how much it can spend.The changes are aimed at paving the way for billions of pounds more investment in the UK economy, to help decarbonise the economy and reboot growth.Reeves signalled the change in direction in her speech to the Labour party conference on Monday, saying “it is time that the Treasury moved on from just counting the costs of investments to recognising the benefits too”.But with government debt running at 100% of GDP, and a total debt pile of £2.5tn, there are…
Famed “Big Short” investor Michael Burry is benefiting from the recent surge in Chinese stocks.Burry’s Scion Asset Management has nearly half of its portfolio invested in Chinese tech giants like Alibaba.China’s recent stimulus measures, including interest-rate cuts, have sparked a surge in stock gains.The surge in Chinese stocks this week should be music to the ears of hedge fund manager Michael Burry of “The Big Short” fame.Burry began aggressively buying Chinese stocks in the fourth quarter of 2022, and it seems to finally be paying off.According to 13F filings, Burry’s Scion Asset Management, which manages about $200 million, has about…
The US stock market has never before been this top heavy, and no easy solution, or indeed any solution, appears to be within the grasp of investors. The peak of the dot.com bubble seems quaint by comparison to the present market structure, with the top 10 weight currently standing at a resounding 33.35% of market capitalization. The diversification dilemma is real. My goal in this blog post is three-fold. First and foremost, I will diagnose the illness pervading the US stock market. Second, I will examine why equal weighting — the back-up index strategy of choice — distorts a portfolio…