Parnassus Investments, an investment management company, released the “Parnassus Mid Cap Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, the Fund (Investor Shares) declined -5.80% (net of fees) underperforming the Russell Midcap Index’s -3.35% return. Stock selection drove the underperformance of the portfolio. The […]
Stellantis is recalling nearly 1.5 million Ram pickup trucks worldwide to fix a software problem that can disable the electronic stability control system. Stellantis said in a statement Saturday that the trucks may have anti-lock brake software that could inadvertently shut down the stability control, which manages the throttle and brakes to avoid skidding. Stellantis said it's not aware of any crashes or injuries from the problem.
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