Nitat Termmee | Moment | Getty ImagesThere are few certainties when it comes to investing.The stock market can seem to gyrate with little rhyme or reason, guided up or down by unpredictable news cycles and fickle investor sentiment. Average stock returns have historically trended up over long time periods, but their trajectory is hardly assured on a daily, monthly or annual basis. As the common investment disclosure goes, “Past performance is no guarantee of future results.”Yet, according to financial advisors, there is an outlier in the realm of investing: the 401(k) match.The basic concept of a 401(k) match is that…
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Volkswagen Commercial Vehicles is making a significant impact at the IAA Transportation 2024, a premier trade fair for the commercial automotive industry. Unlike the passenger car centric IAA Mobility, which recently moved to Munich, IAA Transportation remains firmly rooted in Hanover and continues to be a pivotal event in the automotive world. One of the standout features of this year’s show is the public revealing of the seventh-generation Volkswagen Transporter and Caravelle. These two iconic models have undergone a comprehensive redesign and are now available for viewing at Volkswagen’s prominent stand in Hall 12 until September 22. Volkswagen Reveals New…
By Georgina McCartney (Reuters) -Oil prices were steady on Friday and set for a second straight week of gains, garnering support on a large cut in U.S. interest rates and a dip in U.S. supply. Brent futures were down 3 cents, or 0.04%, at $74.85 a barrel at 1:52 p.m. EDT. U.S. WTI crude futures gained 39 cents, or 0.54%, to $72.34. Signs of a slowing economy in major commodity consumer China gave prices a ceiling. But for the week, both benchmarks were up around 5%. Prices have recovered after Brent fell below $69 for the first time in nearly…
A year after its initial announcement, Ford finally revealed its much-anticipated Ranger Plug-in Hybrid at the IAA Transportation 2024 in Hanover, Germany. This marks a significant step forward for the Blue Oval company as it enters the mid-size pickup truck segment with its first electric offering. While the regional launches in Europe and Australia are slated for 2025, the Ranger PHEV is poised to redefine the segment with its impressive capabilities. The Ranger PHEV boasts a powerful combination of a 2.3 liter EcoBoost gasoline engine and a 75 kW electric motor, providing a robust performance that rivals its conventional counterparts.…
Image source: Getty Images I mentioned to someone recently that you could get 5% this year in dividends from Lloyds Banking Group (LSE: LLOY) shares. He replied: “Meh, 5% is no good to me.“ It might not sound a lot if we think the stock market is for getting rich quick overnight. But it got me thinking about how much that kind of dividend return could add up to. I must stress that dividends aren’t guaranteed, and even that 5% is just the forecast for this year. Something could still go wrong to stop us getting it. FTSE 100 dividends…
Plug Power (NASDAQ: PLUG) stock surged by as much as 15.3% at its highest point in trading this week before reversing course on Thursday. And on Friday morning, shares of the hydrogen and fuel cell maker crashed by more than 8% and were trading 3.5% lower for the week through 11 a.m. ET, according to data provided by S&P Global Market Intelligence.Plug Power announced a new strategy this week that could bring in some cash, but a fresh development in another part of the clean energy industry dampened investor sentiment and sent the hydrogen stock tumbling again.Why Plug Power stock…
By Tom Sims and Christian Kraemer FRANKFURT (Reuters) – Germany will not sell any more shares in Commerzbank (ETR:) for the time being and the bank’s strategy is “geared towards independence,” the country’s Finance Agency said on Friday. The statement comes days after Italian bank UniCredit announced it had bought a 9% stake in Commerzbank – from the German government as well as on the open market – and its chief executive said he wanted to explore a merger. The German government, which still owns 12% of Commerzbank, would play a key role in whether any deal can take place.…
Companies are key players in achieving global net zero goals by reducing emissions and adopting sustainable practices. With increasing pressure to lower their environmental impact, businesses are setting bold carbon reduction targets with the help of carbon credits, science-based targets, and innovative technologies. Growth in Net Zero Targets According to Climate Impact Partners annual report, net zero commitments among Fortune Global 500 companies have grown by 6%. This marks a resurgence after stagnation between 2022 and 2023, where only 2% of growth was recorded. Currently, almost half of the Fortune 500 companies have set net zero goals, a significant leap from…
September 20th, 2024, 3:04 PM GMT+0000There is a huge amount of capital looking to invest in the transition from fossil fuels to electric, says Andy Kuper, Founder and CEO of LeapFrog Investments. “We see India as tremendously exciting,” he says. The firm released a joint report along with Temasek, auto manufacturer Mahindra and Battery Smart, titled “Powering an affordable EV revolution in emerging Asia.” Kuper spoke on “The Pulse with Francine Lacqua” on Bloomberg TV. (Source: Bloomberg) Source link
Key Takeaways The Biden administration is awarding $3 billion in investments across 25 projects along the battery supply chain, the Department of Energy announced Friday.The projects will support construction and renovations of facilities to make batteries, process minerals involved in batteries, or recycle old batteries.Honeywell and lithium producer Albemarle are among the companies set to benefit. Honeywell (HON) and lithium producer Albemarle (ALB) are among 25 companies set to benefit from federal funding to support America’s battery manufacturing capabilities. The Biden administration is awarding $3 billion in investments across several projects along the battery supply chain, the Department of Energy…