The U.S. recently expanded a manufacturing tax credit to cover extraction and material costs, benefiting metal refiners but excluding pure mining companies. This update was announced in final regulations by the Treasury Department and Internal Revenue Service (IRS). The credit, known as the Section 45X Advanced Manufacturing Production Credit, is part of the Inflation Reduction Act. It aims to support the domestic production of clean energy products, including renewable components, battery materials, and 50 essential minerals critical to the energy transition. What is Section 45X Tax Credit and How Does It Work? Since its inception, the Advanced Manufacturing Production Credit…
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In the lead-up to COP29, several major announcements on carbon markets are anticipated. These will likely include updates on Article 6 cooperation, enhanced compliance mechanisms, and new developments in voluntary carbon markets (VCM). A report by the Allied Offsets on carbon markets outlines the evolving landscape and its implications for companies and policymakers. Here are our major takeaways from the report. What is Article 6 All About? Article 6 of the Paris Agreement allows countries to meet their climate targets by working together through carbon markets (Articles 6.2 and 6.4) and other non-market approaches (Article 6.8). Article 6.2 facilitates international…
Gentoo.earth, a California-based company has launched an advanced, AI-powered intelligence platform to support carbon removal companies to scale up their operations. The company is founded by Juliet Kirby, an ex-Product Manager at Australian food-tech company Harvest B and former Oliver Wyman Management Consultant. With powerful insights into market trends, their innovative tool can simplify the complexities of carbon removals and support companies for a lasting impact. This strategy will also help rebuild the VCM from the very beginning to achieve a measurable impact. Fixing a Market in Crisis: Tackling VCM Challenges with Innovation and Transparency The company has fairly analyzed…
Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) recently announced the acquisition of a royalty on the Millennium and Cree Extension Uranium Projects located in Saskatchewan, Canada. The company purchased this royalty from a third-party industrial gas firm for $6 million in cash. Scott Melbye, Chief Executive Officer of Uranium Royalty Corp. stated: “We are very excited to acquire this significant royalty on the Millennium and Cree Extension Projects. Cameco has previously completed substantial development work on the Millennium project and it remains one of the largest undeveloped projects in Cameco’s portfolio. It represents an important potential contributor to the future…
TAMPA, Fla., Oct. 29, 2024 /PRNewswire/ — In a new research paper, Stephan Diaz Ellinghaus, a Specialist on DoubleLine’s Asset-Backed Securities (ABS) team, and Client Portfolio Manager Phil Gioia, CFA, find in data center ABS “high-yielding investment opportunities with modest risk.” The paper, “Securitizing the Digital Present & Future: Investing in Data Center Asset-Backed Securities (ABS),” can be accessed here: https://doubleline.com/wp-content/uploads/Securitizing-the-Digital-Present-and-Future_October-2024.pdf Data centers provide critical infrastructure, Messrs. Diaz and Gioia write, “to support the technologies that are now critical to people’s everyday lives.” These include emerging technologies such as machine learning, virtual reality, augmented reality and artificial intelligence as well…
You can bet on the election on Robinhood, but the details of how this is done are important for Robinhood’s long-term growth. Source link
Öl-ETCs und Indexfonds auf Aktien aus dem Verteidigungssegment werden im aktuellen Umfeld verstärkt gehandelt. Gold und Silber bleiben ebenfalls gut nachgefragt, wie die Händler berichten. Bei Kryptowährungen agiert die Kundschaft zumeist kurzfristig.22. Oktober 2024. FRANKFURT (Börse Frankfurt). Im Vorfeld der in einer Woche anstehenden US-Präsidentschaftswahl bleiben globale Aktien-ETFs gut nachgefragt. Indexfonds wie der Invesco MSCI World (IE00B60SX394) und der Deka MSCI World (DE000ETFL508) werden laut Ivo Orlemann „immer gesucht“. Großes Interesse beobachtet der Händler der ICF Bank auch an Produkten auf den US-Index Nasdaq 100. Der entsprechende ETF von Amundi (LU2197908721) sei „ein Standardprodukt, das bei uns immer relativ gut…
A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024.Justin Sullivan | Getty Images News | Getty ImagesPayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. Shares were down 7% on Tuesday following the earnings report. Here’s how the company did compared to Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.20, adjusted vs. $1.07 expectedRevenue: $7.85 billion vs. $7.89 billion expectedRevenue increased about 6% in the quarter from $7.42 billion in the same period a year ago. PayPal reported net income of $1.01 billion,…
Investing.com — Morgan Stanley remains cautious on Roku (NASDAQ:), lowering its price target on the stock to $60 from $65 and maintaining an Underweight rating, as analysts believe recent investor optimism is premature. Shares of Roku have surged about 35% since the company’s Q2 2024 earnings report, driven by expectations of a stronger ad market and accelerating growth. However, Morgan Stanley warns that rising competition and structural risks pose challenges ahead. The investment bank sees the recent outperformance as reflecting renewed confidence in revenue growth acceleration and operating leverage in 2H24 and 2025. “We see that optimism as premature and see…
Investing.com — The traditionally has a “bullish November-December seasonality,” Bank of America strategists said in a note Monday. Historical data suggests that the S&P 500 (SPX) tends to perform well in those two months, particularly in election years. The index has risen 62% of the time in November with an average return of 0.96%, and December’s performance is even stronger, with the index climbing 74% of the time and an average return of 1.32%. “The SPX is up 58% of the time in November on an average return of 1.14% and up 83% of the time in December on an…