Vice President Kamala Harris will make her closing argument to voters Tuesday evening at a Washington rally that is expected to draw as many as 20,000 supporters to the National Mall. Harris will speak on the Ellipse lawn, framed by a view of the White House, where she hopes to live next. The Ellipse is also where her Republican opponent, Donald Trump, spoke at a now infamous Stop the Steal rally on Jan. 6, 2021, before a crowd that would later attack the Capitol.Harris will draw contrasts between herself and Trump, and encourage voters to turn the page on the…
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Introduction: Bond managers relaxed about budget risksGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.With a day to go until the budget, big investors seem relaxed about the prospect of chancellor Rachel Reeves’s first fiscal event – even though it may include billions of pounds of higher borrowing.Although fears of bond vigilantes looms over the Treasury, after the mini-budget debacle two years ago, the mood in the City appears sanguine ahead of tomorrow’s statement.The government has rolled the pitch ahead of the budget, with Reeves confirming last week that she’ll introduce new…
On Tuesday, B.Riley adjusted its stance on Redwire (NYSE: RDW), shifting from a Buy to a Neutral rating, though it increased the price target to $9.50, up from $8.00. The change in rating comes after Redwire’s stock experienced a significant rise, which has limited the near-term growth potential relative to the new price target. The firm’s decision to raise the price target from $8.00 to $9.50 is based on a revised pro forma enterprise value-to-sales (EV/sales) multiple, from 2x to 2.5x, applied to fiscal year 2026 projections. This adjustment reflects the anticipated growth opportunities for Redwire, particularly as the company…
Debra A. Cafaro, Chairman and CEO of Ventas, Inc. (NYSE:), has sold shares worth approximately $5.34 million, according to a recent SEC filing. On October 24 and 25, Cafaro executed a series of transactions involving the company’s common stock. The sales involved a total of 80,767 shares at a weighted average price range of $66.0969 to $66.111 per share. These transactions were part of a pre-established Rule 10b5-1 trading plan. In addition to the sales, Cafaro exercised stock options for a total of 80,767 shares at a price of $65.94 per share. Following these transactions, Cafaro holds 986,717 shares of…
The Treasury Department cemented a final rule on Monday that prevents those in the United States from exporting certain technologies to China that could bolster the nation’s military and thre… Source link
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.Nurphoto | Nurphoto | Getty ImagesBritish oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by lower crude prices and lower refining margins.The energy firm posted underlying replacement cost profit, used as a proxy for net profit, of $2.3 billion for the July-September period. That beat analyst expectations of $2.1 billion, according to an LSEG-compiled consensus.BP reported net profit of $2.8 billion for the second quarter of the year and $3.3 billion for the third quarter of 2023.The…
The Biden administration finalized restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligence. Source link
Investing.com– Chinese electric vehicle maker NIO Inc (HK:) rose sharply in Hong Kong trade on Tuesday after Macquarie upgraded the stock, citing improved expectations for the company’s upcoming earnings. NIO rose 12.2% to HK$46.60, tracking a 10.5% overnight rally in its American Depository Receipts (NYSE:). Macquarie upgraded the stock to Outperform from Neutral, while hiking its target price to HK$65 from HK$52. Macquarie said it expected strong third-quarter earnings from the firm, and also expected Nio to post strong guidance for the fourth quarter on a pick-up in sales volumes. Increased sales were driven by the launch of Nio’s new mass…
Carbon Finance MarketHTF Market Intelligence published a new research document of 150+pages on “Carbon Finance Market Insights, to 2030” with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Carbon Finance market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are 3Degrees (United States), Carbon Credit Capital, LLC (United States), Ecosphere+ (United Kingdom), EEP Africa…
WASHINGTON (AP) — The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalized rule arises from an executive order issued in August 2023 by President Joe Biden. The order sought to limit the access that “countries of concern’’ — specifically, China, Hong Kong and Macau — have to American dollars to fund technologies that could be used, for example, to break codes or develop next-generation fighter jets. It will take effect…