CoreWeave CEO Michael Intrator unpacked the cloud computing company’s first day on the market in a Friday interview with CNBC’s Jim Cramer, defending its decision to raise a hefty debt load.”The debt is the engine, it’s the fuel for this company,” Intrator said. “We go out, we find great contracts with great counterparties that need massive scale computing to drive their business, and then we go ahead and we go back to our syndicate of lenders, and they give us the debt to stand up the clusters that will deliver revenue to the company.”The IPO debuted on a tough day…
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Xpansiv, a leading infrastructure provider for global energy transition markets, has announced the launch of its CBL GEO® CORSIA first compliance phase (GEO CP1) standardized spot contract on April 29, 2025. This contract will help the international aviation sector meet carbon offsetting needs. It supports the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The new contract will trade on Xpansiv’s CBL spot exchange. It will also be available through partner exchanges. These include the Aviation Carbon Exchange (ACE), which CBL runs with the International Air Transport Association (IATA). The Johannesburg Stock Exchange’s JSE Ventures Carbon Market will also…
Xpansiv, a leading infrastructure provider for global energy transition markets, has announced the launch of its CBL GEO® CORSIA first compliance phase (GEO CP1) standardized spot contract on April 29, 2025. This contract will help the international aviation sector meet carbon offsetting needs. It supports the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The new contract will trade on Xpansiv’s CBL spot exchange. It will also be available through partner exchanges. These include the Aviation Carbon Exchange (ACE), which CBL runs with the International Air Transport Association (IATA). The Johannesburg Stock Exchange’s JSE Ventures Carbon Market will also…
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023.Mike Segar | ReutersCharlie Javice, founder of a startup purchased by JPMorgan Chase in 2021, was convicted in federal court Friday of defrauding the bank by vastly overstating the company’s customer list.The jury decision comes after weeks of testimony in New York over who was to blame for the flameout of a once-promising startup. Frank, founded by Javice in 2016, aimed to…
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that First Internet Bancorp (NASDAQ:INBK) is about to go ex-dividend in just 2 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company’s books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn’t show…
Wall Street tumbled Friday as hotter-than-expected inflation data sparked concerns about the Federal Reserve’s next moves. The S&P 500 was on track for a weekly decline, erasing gains from its recent rebound. At midday, the S&P 500 dropped 1.5%, the Dow lost 1.3%, and the Nasdaq Composite plunged 2.1%. Bond markets saw a shift as investors moved away from equities. The 10-year Treasury yield (US10Y) dipped to 4.28%, down 7 basis points, while the 2-year yield (US2Y) fell to 3.95%, slipping 5 basis points. According to the Federal Reserve’s Core PCE Price Index the most reliable inflation measurement grew 0.4%…
Arthur Hayes, chief executive officer of BitMEX, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. Michael Nagle | Bloomberg | Getty ImagesPresident Donald Trump has granted pardons to three co-founders of the BitMEX cryptocurrency exchange, CNBC has learned.The co-founders, former CEO Arthur Hayes, Benjamin Delo and Samuel Reed, previously pled guilty to a range of federal criminal charges related to money laundering and failure to police the exchange.The trio received criminal sentences of probation, and ordered to pay civil fines totaling $30 million.Prosecutors accused the men of effectively operating BitMEX as a “money laundering…
BYD hit new highs in 2024, reporting record revenue and accelerating its sustainability efforts. Quite interestingly, it has taken down Tesla. What fueled the Chinese EV giant’s record-breaking success? Surging EV sales and bold green energy initiatives propelled BYD to the top. BYD’s Profits and Sales Hit New Highs BYD’s net profit jumped 73.1% in Q4 2024, reaching a record 15 billion yuan ($2.1 billion). Strong sales and competitive pricing fueled this growth. Revenue surged 52.7% to 274.9 billion yuan. Yahoo Finance revealed that for the full year, profit rose 34% to 40.3 billion yuan. Revenue climbed 29% to 777…
BYD hit new highs in 2024, reporting record revenue and accelerating its sustainability efforts. Quite interestingly, it has taken down Tesla. What fueled the Chinese EV giant’s record-breaking success? Surging EV sales and bold green energy initiatives propelled BYD to the top. BYD’s Profits and Sales Hit New Highs BYD’s net profit jumped 73.1% in Q4 2024, reaching a record 15 billion yuan ($2.1 billion). Strong sales and competitive pricing fueled this growth. Revenue surged 52.7% to 274.9 billion yuan. Yahoo Finance revealed that for the full year, profit rose 34% to 40.3 billion yuan. Revenue climbed 29% to 777…
Furthering the process of establishing a carbon market in India, the government has approved detailed procedure for offset mechanism for eight different segments, including for renewable energy, green hydrogen production, industrial energy efficiency, landfill methane recovery, and mangrove afforestation and reforestation. An offset mechanism is a voluntary system where entities can compensate for greenhouse gas emissions by investing in projects that reduce, remove, or avoid emissions elsewhere, earning carbon credits. The framework approved by the government enables businesses, industries, and organizations-particularly those not covered under the compliance mechanism-to participate in climate action and receive carbon credits for verified emission reductions.>…