On Friday, leading derivatives marketplace CME Group announced the successful launch of its new CBL Australian Carbon Credit Unit (ACCU) futures. The new CBL Australian Carbon Credit Unit (ACCU) futures sawtotal of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024, revealed CME. The new contract is designed to help clients manage the risks associated with carbon reduction strategies. “We are pleased to see industry interest and support for our new CBL ACCU futures, which are the latest product we have launched with Xpansiv to help clients manage the risks associated with carbon reduction strategies,”…
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By Tom Westbrook, Dhara Ranasinghe and Naomi Rovnick SINGAPORE/LONDON (Reuters) – Global investors are buying China and betting last month’s rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve. The sentiment shift has been … Source link
Developing artificial intelligence (AI) software wouldn’t be possible without data centers and the powerful graphics processing chips (GPUs) inside them. For the past 18 months, Nvidia (NASDAQ: NVDA) has dominated the GPU industry with a staggering market share of up to 98%.But competition was bound to emerge, and Advanced Micro Devices (NASDAQ: AMD) has stepped up to the plate with an exciting GPU roadmap. The company hosted its “Advancing AI” event on Oct. 10, where its CEO Lisa Su provided an update on its next-generation chips.Although Advanced Micro Devices is still trailing Nvidia in the market for AI GPUs, Su’s…
Netflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024.Beata Zawrzel | Nurphoto | Getty ImagesNetflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations.Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. ET.Netflix reported earnings per share of $5.40 for the three-month period ending Sept. 30, surpassing the $5.12 LSEG consensus estimate. Revenues also beat expectations, coming in at $9.83 billion, above the $9.77 billion anticipated by analysts.Crucially, Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter.…
Investing.com — Nestlé’s (SIX:) stock has been upgraded by RBC Capital Markets to “outperform” from “sector perform,” following positive comments from the company’s management, especially during the third quarter results presentation. RBC’s decision to raise Nestlé’s rating reflects a renewed sense of optimism surrounding the company’s strategic direction under new CEO Laurent Freixe. RBC analysts flagged that Nestlé’s management demonstrated a pragmatic and transparent approach, which aligns closely with market expectations. According to analysts, Freixe’s recognition that the company’s planned investments will take time to pay off in significant productivity gains resonated well with them. Nestlé’s long-term strategy was boosted…
On Friday, Redburn-Atlantic initiated coverage on CF Industries (NYSE: NYSE:) stock, a major North American fertilizer producer, with a Neutral rating and a price target of $77.00. The firm highlighted CF Industries’ advantageous positioning compared to its competitor Yara, due to its North American production base, which provides a significant cost advantage and sustainably high margins. Additionally, CF Industries’ location qualifies its facilities for 45Q tax credits for carbon capture. CF Industries, which generates approximately 85% of its revenue from North America, is seen as less likely to be affected by carbon taxes, as there are no immediate plans for…
With the presidential election just a few weeks away, the public is naturally interested in not just the outcome but what the results will mean for issues of national importance. As a citizen, you likely share these concerns — but how about as an investor? After the votes are counted — or even before — should you make some moves in anticipation of possible policy changes? Let’s look at the big picture first, through the lens of history. The financial markets have performed well — and at times, not so well — under Democratic and Republican presidents alike. And the…
By Jonathan Saul, James Mackenzie JERUSALEM (Reuters) -Hamas leader Yahya Sinwar was tracked by an Israeli mini drone as he lay dying in the ruins of a building in southern Gaza and filmed him slumped in a chair covered in dust, according to video released by Israeli authorities on Thursday. As the drone hovered nearby, the video showed him throwing a stick at it, in an apparent act of desperation. After an intensive manhunt that had lasted for more than a year, the Israeli troops that killed Sinwar were initially unaware that they had caught their country’s number one enemy…
CME Group, the world’s leading derivatives marketplace, announced its new CBL Australian Carbon Credit Unit (ACCU) futures have launched and are available for trading. A total of five contracts traded as a block between Freepoint Commodities and Mercuria on October 14, 2024. “We are pleased to see industry interest and support for our new CBL ACCU futures, which are the latest product we have launched with Xpansiv to help clients manage the risks associated with carbon reduction strategies,” said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. “Demand for Australian carbon credits is increasing on both a…
Introduction Once considered the ‘underdog’ in the world of real estate investing, the hotel sector has experienced a remarkable resurgence over the past decade, with a particularly significant upturn since 2021, driven by the surge of pent-up demand resulting from the pandemic. Hotels were often perceived as risky investments due to their seasonality and reliance on short-term leases (i.e., daily rentals). In comparison, the multifamily and office sectors have often been considered safer real estate investments due to the stability of rental income, their resilience during economic downturns, predictable expenses, and long-term appreciation. However, in the wake of the pandemic,…