Author: Lucas

This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Dan and Dimitar are proud owners of BYD Atto 3 electric cars (Image: Luke Chillingsworth)When doctor Dimitar Ormanov traded in his Honda Civic for a new motor at a Milton Keynes dealership two years ago, he envisaged driving away a high tech Tesla. But after encountering Chinese manufactured BYDs on the forecourt – for a fraction of the cost of Elon Musk’s electric brand – he knew exactly in which direction he was headed.Two years on he has no regrets about…

Image source: Getty Images I always remember a friend telling me that the time to buy defensive stocks is when the market is doing really well. Even though this might seem the wrong way around, it’s better to buy these UK stocks before any potential correction, as that’s the time when everyone else will be rushing to buy them as well. Given the recent all-time highs on the UK stock market, here are two ideas I’m looking at. Staying plugged in First up is National Grid (LSE:NG). The stock is up 2% over the past year, with a dividend yield…

LONDON, Jan 22 (Reuters) – U.S. curbs on investors owning securities from a number of Chinese companies could affect as much as $60 billion worth of bonds and spark hefty outflows through forced selling, JPMorgan wrote in a note to clients. Donald Trump’s White House issued an executive order in November banning Americans from investing in companies the U.S. Defense Department says have ties to China’s military – an assertion many of the firms deny and that China’s government says lacks evidence. read more Sign up here.While a number of the 44 firms listed on the Defense Department list have…

The price of gold is in the headlines, but it’s not the only precious metal breaking records. Silver was trading at an all-time high of more than $50 an ounce on the London market Thursday, surpassing a record set 45 years ago — under dramatic circumstances to say the least. The last time silver prices surged this high, brothers Nelson and William Hurt were at the center of the story. Heirs to the fortune of a wildcat oil speculator, they were “the poster children for the old joke, ‘If you want to make a small fortune in commodities, start with a big fortune,’”…

Veteran trader Peter Brandt is now bullish on Bitcoin, Ethereum, XRP, and XLM after earlier calling the top on the flagship crypto and hinting at significant declines. Meanwhile, this bullish sentiment from the veteran trader comes amid a crypto market crash, which has seen BTC wipe out its earlier October gains. Peter Brandt Now Bullish On Bitcoin In an X post, the veteran trader declared that the BTC bull is “still alive and well,” indicating that the bull run is on. His accompanying chart showed that the flagship crypto was still in an uptrend, despite recent setbacks. A few final…

(Yicai) Oct. 9 — China has released new growth stabilization measures for 10 major industries, shifting to high-quality and efficient growth from quantitative growth, and putting emphasis on tackling involution-style competition and inefficiency.The measures set specific targets for the steel, nonferrous metals, petrochemical, chemicals, building material, machinery, automobile, electrical equipment, light industry, and electronic information manufacturing industries, which account for about 70 percent of large-scale industrial output, according to the Ministry of Industry and Information Technology.The targets include an average annual increase of 5 percent in added value for the petrochemical, chemical, and nonferrous metal industries and an average annual revenue growth…

If you’re looking to keep up with the latest in the utilities sector, 2025 is packed with can’t-miss utilities events. Whether you’re interested in renewable energy, smart grids, hydrogen, or just want to meet others working in the field, there’s something on the calendar for you. Some events are huge, drawing thousands from around the world, while others are more focused, but all offer a great chance to learn and connect. Here’s a quick look at some of the top utilities events for 2025 you might want to check out. Key Takeaways 2025 is loaded with major utilities events covering…

BOSTON, Oct 8 (Reuters) – Investment manager Keith Meister said on Thursday the utilities sector is a sensible place to invest and pitched Exelon Corp (EXC.O), opens new tab as a favorite idea because it is cheap, well-positioned in its sector and because he expects change at the company.”The whole space is cheap and Exelon trades at a deep discount,” Meister, who runs Corvex Management, said at the 13D Monitor Conference. He added Exelon to his portfolio during the second quarter and said stock of the Chicago-based energy company could climb by 30%. Sign up here.Utilities, he said, are not…

ISTANBUL The first nine months of the year saw precious metals dominate the commodity market, as global prices shifted under pressure from tariffs, economic uncertainty, and rising geopolitical tension.Fluctuations in US monetary policy, weak data from China, and unpredictable weather shaped price movements across sectors.Gold rose 47% since January, boosted by expectations of continued Federal Reserve rate cuts, strong central bank purchases, and renewed concerns over a potential US government shutdown.Silver climbed 61.4% in January–September, gaining from its role as a safe asset in times of instability and its industrial use in semiconductors and renewable energy, especially solar technology.Platinum advanced…

Key Takeaways Nine major banks formed a consortium to explore issuing reserve-backed digital money on public blockchains. The initiative aims to provide a stable payment asset and enhance financial innovation in cross-border payments. Share this article Nine major international banks have formed a consortium to explore issuing reserve-backed digital money on public blockchains, Bloomberg reported on Friday. The effort underscores the accelerating push by traditional finance toward blockchain-driven payment systems.The group includes Goldman Sachs Group Inc., Deutsche Bank AG, Bank of America Corp., Banco Santander, BNP Paribas, Citigroup Inc., MUFG Bank Ltd., TD Bank Group, and UBS Group AG.The banks…