In little over two months, NIO (NYSE: NIO) has seen its share price soar by almost two thirds. That still leaves NIO stock 68% down over the past five years. Still, the stunning performance of the share over the past few months has caught my eye. Some promising signs of long-term potential NIO is smaller than electric vehicle rivals like Tesla and BYD, but it is no minnow. In the second quarter, it delivered over 72,000 vehicles. That is 26% higher than at the same period last year. However, vehicle sales revenues in the quarter showed year-on-year growth of just…
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Rethinking Investing: A Very Short Guide to Very Long-Term Investing. 2025. Charles D. Ellis. John Wiley & Sons, Inc. www.wiley.com Charles Ellis gores many an ox in just 106 pages in his guidebook for individual investors, Rethinking Investing. • Active managers will be put off by the author’s recommendation to save money by not hiring them. • Mutual fund companies will bristle at Ellis’s note that 89% of US funds lagged the S&P 500 over 20 years and that 85%–90% of past winners will lag next time. • Fixed income professionals will be miffed by his contention that bonds are…
Work has slowed or stopped in Kolkata, a major hub for India’s steel foundries that export sanitary castings. Owners discuss distress privately but don’t share much publicly, and workers are confused. But some owners, like Vijay Shankar Beriwal of Calcutta Iron Udyog, are not holding back. He blames the 50% tariff on steel and aluminum imposed by US President Donald Trump, which went into effect in June. Trump cited national security concerns under Section 232 of the US Trade Expansion Act of 1962 for the move. In addition to the steel tariffs, Trump has also imposed 25% “reciprocal tariffs” on…
Image source: Getty Images Worrying times for Lloyds (LSE: LLOY) shares. The government has a £50bn black hole in the public finances and reports are emerging that British banks could be subject to a tax raid. A proposed windfall tax on Britain’s four biggest banks (which includes Lloyds) might bring in £11bn according to one report. The always unpopular banking sector’s recent profitability might make such a tax palatable to the British public. The tax might even be necessary if those in charge want to keep manifesto promises of not touching income tax or VAT. So what are the chances…
The city is seeking to sell off thousands of credits through the provincial emissions trading system Source link
The city is seeking to sell off thousands of credits through the provincial emissions trading system Source link
Companies that offset their emissions through the use of voluntary carbon credits show no significant difference in climate performance… Source link
Image source: Getty Images Fevertree Drinks (LSE:FEVR) was on the move today (11 September). As I write, the FTSE AIM stock is up 9.7% to 850p. This means the posh tonic maker’s comeback is gathering steam, with the shares now 26% higher this year. Longer-term shareholders are still suffering though, as Fevertree remains 78% off a peak reached in 2018. Earnings release Fevertree released its interim results today, and they were a bit mixed (no pun intended). Group revenue edged up 2% at constant currency to £171m, but came in flat on a reported basis. Hardly the Fevertree growth story…
raw material and mineral rare earth news Source link
In a landmark move, Anglo American (LON: AAL) and Teck Resources (TSX: TECK.A/TECK.B, NYSE: TECK) announced a $50 billion all-share merger that would reshape the global mining landscape. The combined company, to be named Anglo Teck, is set to become the world’s fifth-largest copper producer if regulators in Canada, the U.S., and China give their nod of approval. This merger is about positioning both companies at the forefront of the global shift towards electrification and renewable energy, where copper plays a vital role. With global copper demand soaring, Anglo Teck is set to benefit from some of the highest-quality copper…