Image source: Getty Images When looking for growth stocks to buy, I like to see what the pros have been up to. In Q2, Henry Ellenbogen made some interesting moves. Ellenbogen is the chief investment officer of Durable Capital Partners, a hedge fund that invests in growth companies. Prior to this, he was a vice president at T. Rowe Price, where he managed the highly successful New Horizons Fund. Over the years, he has gained a reputation for investing in firms that have an ‘act two’. In other words, a second avenue of growth with a new product or adjacent…
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The Philippines has taken a step forward in advancing its clean energy goals as the Department of Energy (DOE) held discussions with the British Embassy Manila on the recently issued draft Department Circular for the generation, management, and monitoring of carbon credits in the energy sector. DOE Undersecretary Rowena Cristina L. Guevara met with embassy officials, including Charis Yeap, Regional Lead for Green Finance, Ellen Anthony, Second Secretary for Climate, and Jowee Orense, who shared insights on carbon pricing mechanisms and UK-supported programs that could aid the Philippines’ transition. The dialogue comes as the Philippines works to establish a framework…
Image source: Getty Images When it comes to building generational wealth, few tools are as powerful — or as underrated — as the humble Self-Invested Personal Pension (SIPP). My family and I place £320 a month into a SIPP for my daughter, starting from birth (including £80 in government tax relief), and are aiming for low-double digit returns over the long run. Will that be possible? Only time will tell, but to date, we’re exceeding expectations. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in…
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By Noel Randewich (Reuters) -The S&P 500 and Dow Jones Industrial Average notched record high closes on Thursday after Nvidia’s quarterly report fell short of investors’ high expectations but confirmed that spending related to artificial intelligence infrastructure remains strong. Shares of Nvidia dipped 0.8% after Sino-U.S. trade uncertainties prompted the leading AI chip designer to exclude potential China sales from its quarterly forecast late on Wednesday. Investors viewed Nvidia’s report, including a 56% surge in quarterly revenue, as confirmation that demand related to AI technology remains strong, supporting a rally in AI-related stocks that has propelled Wall Street to record…
If you’re not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it’s a business that is reinvesting profits at increasing rates of return. With that in mind, the ROCE of Old Dominion Freight Line (NASDAQ:ODFL) looks great, so lets see what the trend can tell us. Trump has pledged to “unleash” American oil and gas and these 15…
US stocks retreated from record highs on Friday as Wall Street digested an update on consumer inflation that showed prices firming higher above the Fed’s target in July. The Dow Jones Industrial Average (^DJI) fell around 0.2%, and the S&P 500 (^GSPC) lost 0.6%. The tech-heavy Nasdaq Composite (^IXIC) led the retreat, down over 1.1%. Big Tech slumped, with Nvidia (NVDA) declining over 3% to end the week after releasing its highly anticipated earnings report. After hitting record highs in August, the S&P 500 and Dow ended the month with gains of 1.4% and 2%, respectively, marking the fourth straight…
Recent investigations have found that many carbon offset projects overstate their impact, ignore Indigenous rights, and fail to deliver on promised benefits.In tropical forest regions like Malaysian Borneo, only 1% of climate finance reaches Indigenous communities, despite the latter’s proven role in preventing deforestation: in many cases these communities’ stewardship is what makes carbon offset programs possible.“The communities who have fought tooth and nail to keep these forests standing are not being rewarded with handsome sums for their efforts. The carbon credits (and the cash) flow primarily to the license holders, not to the Indigenous people who protect these lands,”…
Image source: Getty Images Over the past five years, the BP (LSE: BP) share price has gone up by 65%. That is not the only thing about it that grabs my attention: BP has a dividend yield of 5.4%. That significantly beats the FTSE 100 yield of 3.4%. So, could now be the time to add the share back into my portfolio, having owned it in the past? BP’s dividend history is mixed Dividends are never guaranteed. BP demonstrates that, having cut its payout per share in 2020. It was not the only UK oil major to do so. Shell…
Thawing permafrost on Herchel Island, Canada. Credit: Boris Radosavljevic Carbon dioxide levels in the atmosphere vary naturally between ice ages and interglacial periods. A new study by researchers at the University of Gothenburg shows that an unexpectedly large proportion of carbon dioxide emissions after the ice age may have come from thawing permafrost. For a long time, it was the shifts between ice ages and interglacial periods that determined how much carbon dioxide was in the atmosphere. During ice ages, CO2 levels fell, only to rise by around 100 ppm (parts per million) during interglacial periods. Previously, the main reason…