As global companies rush to offset emissions, Africa is becoming a focal point in the carbon-credit market, but greater transparency and fairness is needed before this mechanism will benefit the continent as much as much as it does the multinationals. Source link
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Image source: Getty Images Even though the FTSE 250 is marginally down over the past month, one growth share in the index has jumped almost 30% over the same period. The clear divergence not only makes me interested in seeing what drove the move, but also could provide me with a solid stock to buy to give my portfolio a boost to end the year. The brief backstory The stock I’m referring to is Carnival (LSE:CCL). Investors will remember that the global cruise line operator was hit exceptionally hard during the pandemic. The confined ship spaces and travel lockdowns meant…
Invest in the World Health Organization for a healthier, safer world for all.We all value our health and the health of those close to us. Yet despite great strides in science and innovation our health is under threat, even in the most developed countries. As leaders in health, we have a responsibility to ensure the health and safety of our citizens, and we must do so equitably. No one should be left behind. We know this is a necessary investment to help ensure and build the wealth of countries and to establish trust in governments, global institutions and multilateral approaches…
NCR Voyix (NYSE: NYSE:) sustained its Buy rating and $20.00 price target from Needham. The endorsement follows recent investor meetings in Southern California with CEO David Wilkinson and Head of IR Alan Katz. The dialogue with management left the firm confident in the company’s execution of its strategy, which focuses on increasing platform conversions and acquiring new customers. The firm’s analysis suggests that NCR Voyix’s strong presence in the retail and restaurant sectors, combined with robust market demand, positions the company for financial improvement. This optimism is further bolstered by recent initiatives, including a digital banking sale and an original…
(Bloomberg) — There’s an unusual divergence in Corporate America’s profit outlook this season: while analysts have cut forecasts, company guidance points to another strong quarter.Data compiled by Bloomberg Intelligence show analysts expect S&P 500 firms to report a 4.2% increase in third-quarter earnings versus a year earlier, down from a 7% forecast in mid-July. Guidance by the firms, on the other hand, implies a jump of about 16%.Gina Martin Adams, chief equity strategist at BI, said the dichotomy was “unusually large,” and the significantly stronger outlook suggests “companies should easily beat expectations.”“Margins should keep marching higher as companies emphasize efficiency…
In a significant move towards sustainable AI infrastructure, Zen42.ai has officially joined the New Zealand Green HI-City project, led by Mobii Green Energy Group and New Zealand’s North Rakaia Power Company. The project, which aims to establish the world’s first green hydrogen-powered data center, is set to raise $2 billion in investments and integrate 850 MW of solar power, 300 MW of wind power, and green hydrogen production facilities to support a 150 MW AI data center powered entirely by green energy. Zen42.ai, co-founded by Josh Chen, Kenny Tseng, and Enoch Kang, brings its expertise in decentralized AI infrastructure and…
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesStock futures were little changed Monday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records.Futures on the Dow Jones Industrial Average traded neat the flatline. S&P 500 index futures rose slightly, while Nasdaq-100 futures gained 0.2%. Bank of America, Goldman Sachs and Johnson & Johnson report their latest results on Tuesday before the market opens, while Morgan Stanley and United Airlines are set to release results Wednesday. Walgreens Boots Alliance, Netflix…
After a pullback a few months ago, Nvidia (NASDAQ: NVDA) stock has rediscovered its mojo. Since 6 September, it has surged from $101 to $135. Wondering how high the share price can go in the medium term? Here’s a look at Wall Street analysts’ latest price targets for the US-listed growth stock, as well as my own. Wall Street’s forecasts The table below shows all the broker price forecasts I could find that have been published in the last two months. DateFirmPrice target ($)11-Oct-2024Goldman Sachs15010-Oct-2024Morgan Stanley1508-Oct-2024Cantor Fitzgerald1758-Oct-2024UBS1505-Sep-2024Bank of America16529-Aug-2024Wedbush13829-Aug-2024Piper Sandler14029-Aug-2024Sanford C. Bernstein15529-Aug-2024Benchmark17029-Aug-2024DA Davidson9029-Aug-2024JPMorgan Chase & Co.15529-Aug-2024Craig Hallum16529-Aug-2024Westpark Capital16529-Aug-2024Mizuho14029-Aug-2024Raymond James14029-Aug-2024Robert W.…
On Monday, Goldman Sachs adjusted its stance on AppLovin Corp (NASDAQ:), shifting the rating from Buy to Neutral. Alongside this change, the firm set a new price target for the company’s shares at $147.00. The decision to downgrade the stock comes as Goldman Sachs revises its operating forecasts for AppLovin, particularly considering the company’s performance across its two main operating segments. In anticipation of AppLovin’s third-quarter earnings for 2024, the firm has updated its revenue projections upwards. This adjustment reflects the strength of AppLovin’s current Software offerings, including the impact of AXON 2.0, and incorporates a multi-year compounded revenue growth…
Investing.com — US stock futures were muted on Monday after the and notched fresh record closes in the prior session thanks in large part to higher-than-expected earnings from two big Wall Street banks. More results are due out this week, including figures from streaming video titan Netflix (NASDAQ:). Elsewhere, Boeing (NYSE:) is reportedly preparing to deliver more details about planned job cuts as the jetmaker grapples with a financially-damaging work stoppage. 1. Futures muted US stock futures hovered around the flatline on Monday, with investors gauging upcoming corporate earnings and economic data this week. By 03:26 ET (07:26 GMT), the…