Latest news with #639
Yahoo
5 days ago
- Business
- Yahoo
A legacy-defining moment for Gov. Kim Reynolds
Gov. Kim Reynolds talks to reporters May 17, 2022, after signing legislation dealing with biofuels at a farm near Prairie City. (Photo by Kathie Obradovich/Iowa Capital Dispatch) As she considers whether to sign legislation limiting the use of eminent domain for carbon pipelines, Gov. Kim Reynolds faces a decision that will forever define her legacy in the Iowa Republican Party: whether to uphold the constitutional rights and the property rights of Iowa landowners, or whether to put ethanol industry profits ahead of those rights. The party platform unequivocally supports landowner rights. The Iowa House and Senate, both controlled by Republicans, have passed bipartisan legislation that would protect those rights. This should not be a difficult choice. However, there are many special interest groups urging the governor to veto House File 639, claiming it would harm the ethanol industry and derail future economic development opportunities in the state. But if those claims were true, why do nearly 30% of Iowa's ethanol plants choose not to participate in this risky CO₂ pipeline venture? Why is Summit Carbon Solutions suing multiple Iowa counties over zoning ordinances, the very tools those counties use to guide and protect local economic growth? The self-serving arguments of the ethanol industry do not stand up to scrutiny. Privately owned carbon dioxide pipelines do not align with the constitutional definition of 'public use' necessary for eminent domain, and they do not justify using the government's 'takings' power to force private landowners to participate in a speculative business enterprise. Essentially, these special interests are asking the governor to pick economic winners and losers at the expense of constitutional rights. Importantly, HF 639 does not stop the pipeline project, nor does it prevent voluntary easements. In fact, Summit has already secured all necessary voluntary agreements in Minnesota and must now do the same in South Dakota to meet Iowa Utilities Commission conditions for construction here. Iowa landowners deserve the same rights as landowners in our neighboring states. If this project truly serves a vital economic need and garners legitimate support, it can move forward through the free market—without coercion, and without undermining the rights of landowners. I commend Gov. Reynolds for engaging a broad range of stakeholders in this conversation. Listening to the public and not just to special interests is essential for crafting sound public policy, but it does not change the dilemma facing the governor: constitutional rights vs. special interest profits. By signing HF 639, Gov. Reynolds would uphold constitutional rights, curb the misuse of eminent domain for private profit, demonstrate her commitment to the Republican Party's property rights platform, protect landowners from inadequate insurance coverage, and strengthen the public accountability of the Iowa Utilities Commission. It would ensure she is forever remembered as a champion of the Republican Party's commitment to constitutional rights and private property rights.
Time of India
05-05-2025
- Business
- Time of India
HDFC Flexi Cap Fund review: Mutual fund has improved consistency in outcome and risk profile in recent years
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of HDFC Flexi Cap Fund , its portfolio and performance to help you make an informed investment decision. #Pahalgam Terrorist Attack India much better equipped to target cross-border terror since Balakot India conducts maiden flight-trials of stratospheric airship platform Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad BASIC FACTS DATE OF LAUNCH 1 JAN 1995 CATEGORY EQUITY TYPE FLEXI CAP AUM* Rs.69,639 crore BENCHMARK NIFTY 500 TOTAL RETURN INDEX WHAT IT COSTS NAV** GROWTH OPTION Rs.1,920.94 IDCW Rs.76.15 MINIMUM INVESTMENT Rs.100 MINIMUM SIP AMOUNT Rs.100 EXPENSE RATIO# (%) 1.41 EXIT LOAD 1% for redemption within 365 days *AS ON 31 MAR 2025 **AS ON 30 APR 2025 #AS ON 31 MAR 2025 FUND MANAGER ROSHI JAIN 2 YEARS, 9 MONTHS Recent portfolio changes New entrants NCC , Oil And Natural Gas Corporation , Tata Consultancy Services (Feb) Complete exits ITC Hotels (Feb) NCC, Whirlpool Of India (Mar) Should You Buy This fund (previously HDFC Equity) has seen a notable shift in investment approach after a change in fund manager. Earlier managed with a distinct contrarian stance by veteran fund manager Prashant Jain, the new fund manager Roshi Jain focuses on quality stocks with strong growth visibility and a margin of safety in valuations. The fund's earlier approach historically lent a high degree of volatility in outcomes, with alternating bouts of sharp underperformance, followed by sharp upswings in return profile. In recent years, the fund has exhibited better consistency in outcomes, with a significantly improved risk profile. It has once again emerged as a worthy pick in its category.
Khaleej Times
05-04-2025
- Khaleej Times
Dubai inmates receive over Dh7.6 million in financial aid during 2024
As part of its ongoing commitment to support the wellbeing of inmates, Dubai Police announced that humanitarian aid worth Dh7.6 million was provided to male and female inmates in correctional facilities during 2024. The aid amounting to Dh7,639,626 aims to offer both social and moral support to the prisoners serving sentences. Major General Marwan Abdul Karim Julfar, director of the General Department of Punitive and Correctional Institutions, highlighted that the initiative aligns Dubai Police's broader reform and rehabilitation strategy. This approach focuses on helping inmates rebuild their lives, preparing them for reintegration into society, and promoting values of solidarity and social cohesion within the community. He also commended the vital contributions of civil society organisations, private sector partners, and individual philanthropists, who continuously support these efforts. Their generosity helps ease the burden on inmates, boosts morale, and encourages positive behavioural change. Captain Habib Hussein Mohammed Al Zarouni, head of the Humanitarian Care Department, elaborated on the range of assistance provided. The aid supports a variety of needs, including the settlement of rent debts, financial help for inmate release, support for families, payment of bail, medical assistance, travel expenses, education costs, and other humanitarian initiatives. In addition to financial support, Dubai Police continues to implement programs that enhance the quality of life within correctional facilities. These include educational and vocational training aimed at equipping inmates with the skills needed for employment after release. Such efforts are part of a comprehensive strategy to create a rehabilitative environment focused on both psychological well-being and practical readiness for life beyond prison.
Globe and Mail
15-03-2025
- Business
- Globe and Mail
2 Oversold Stocks With Major Reasons to Rebound
The recent market selloff has left very few areas untouched. Fear and panic are taking hold as trade wars, tariffs, and economic uncertainty ripple through the financial landscape. But it's not all doom and gloom. While the broader market pulls back, this downturn might present some compelling opportunities, especially for stocks trading near key support levels or at what could be considered a discount. That seems to be the case with the two stocks below. Both have sold off sharply from their recent highs, yet they've also posted solid earnings beats. This intriguing combination of positive fundamentals and technical pullbacks suggests that these two names might be primed for a rebound. MercadoLibre: A Blowout Quarter, Now 11% Off Highs [content-module:Forecast|NASDAQ:MELI] MercadoLibre, Inc. (NASDAQ: MELI) is Latin America's largest e-commerce and fintech platform. It operates in 18 countries, connecting millions of buyers and sellers through its online marketplace and offering various digital payments, logistics, and financial services. Despite delivering knockout Q4 2024 earnings, MELI has tumbled more than 11% from its recent 52-week highs. The pullback seems tied to broader U.S. stock market weakness and a dose of profit-taking rather than any fundamental issues with the company itself. For long-term investors, this retreat could be a welcome buying opportunity. MercadoLibre's Q4 numbers were nothing short of impressive. Revenue soared to $6.1 billion, a 37% year-over-year jump that easily beat Wall Street's $5.9 billion estimate. Net income surged to $639 million, smashing the $402 million forecast. The marketplace remains on fire, with gross merchandise volume hitting $14.5 billion, up 56% when adjusted for currency swings. Meanwhile, its fintech arm, Mercado Pago, processed $58.9 billion in payments, up 33%, and its credit portfolio expanded by 74%, reaching $6.6 billion. With the stock returning to a key support zone, previous resistance is now turned to support. This could be a golden entry point for investors seeking exposure to one of Latin America's most dominant tech companies. The fundamentals are strong, and this dip may not last long. PayPal: Solid Earnings, Oversold Stock [content-module:Forecast|NASDAQ:PYPL] PayPal Holdings (NASDAQ: PYPL) needs no introduction as one of the world's largest and most established fintech companies, dating back to 1998. However, despite its long-standing leadership in digital payments, its stock has recently fallen out of favor. After an aggressive selloff post-earnings, PayPal is now in correction territory, down nearly 19% year-to-date. The Q4 2024 report, released on February 4, 2025, showed solid results that topped expectations. Revenue rose 4% year-over-year to $8.37 billion, edging past analyst estimates of $8.3 billion. Net income reached $1.2 billion, with adjusted earnings per share (EPS) of $1.19, beating the $1.14 consensus forecast. Total payment volume (TPV) climbed 7% to $437.8 billion, just shy of the $438.2 billion projection. Adding to its long-term appeal, PayPal announced a $15 billion share buyback program, with $6 billion planned for 2025. This shows strong confidence in its growing cash flow, which surged 40% to $2.1 billion for the quarter. Yet, despite these positives, the stock dropped nearly 10% post-earnings, mainly due to concerns about slowing branded checkout growth and slightly lower transaction take rates. Still, PayPal guided for 2025 EPS of $4.95 to $5.10, exceeding Wall Street's $4.90 estimate, signaling a clear focus on growth and operational efficiency. Now trading below its 200-day moving average, with an oversold RSI and hovering near a support zone around $65, PayPal might be an attractive buy-the-dip candidate. For investors willing to look past the short-term noise, this could be a prime moment to grab shares of a fintech leader with a strong turnaround narrative. The Bottom Line While fear has gripped the markets, not all sell-offs are permanent. MercadoLibre and PayPal have delivered strong earnings yet are trading at potential discounts. These two oversold stocks may be worth a closer look for investors seeking quality names with solid fundamentals and promising technical setups. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
Express Tribune
28-02-2025
- Business
- Express Tribune
Gold price in Pakistan today; February 28, 2025
Listen to article The price of gold has witnessed a significant reduction for the forth consecutive day in local markets on Friday. Locally, the price of 24-carat gold per tola dropped by Rs2,500, bringing the price to Rs300,500 In addition, the price of 10 grams of gold in Pakistan saw a reduction of Rs2,143, bringing the new value to Rs257,639. In the international bullion market, the price per ounce fell by $24, reaching $2,863. This decline in gold prices is expected to impact both investors and consumers alike. Earlier yesterday, gold price has seen a significant drop for the third consecutive day in the domestic market. The price of gold in the global bullion market has dropped by $29, now standing at $2,887 per ounce. Meanwhile, in the local markets per tola gold price has decreased by Rs3,300. According to the All Pakistan Gems and Jewelers Association, after this decrease, the price of gold per tola has reached Rs303,000 in the country. Similarly, the price of 10 grams of gold has decreased by Rs 2,829, now standing at Rs 259,773. Spot gold fell 1.2% to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows. US. gold futures lost 0.7% to $2,909.30. The dollar index rose 0.2% to move further from the recent 11-week lows, making greenback-priced bullion more expensive for other currency holders. Spot silver retreated 0.7% to $31.62 an ounce, platinum added 0.2% to $967.30 and palladium firmed 0.1% to $927.50.
