Investing.com — RBC Capital Markets in a note dated Monday has initiated coverage on Veolia Environnement (EPA:) with an “outperform” rating, expressing optimism about Veolia’s growth trajectory and value proposition in the environmental services sector. RBC analysts flag the progress Veolia has made since its acquisition of Suez, including operational improvements and an increasingly resilient financial structure. The analysts note that Veolia’s cost efficiency program is expected to exceed targets, which could drive an annual EBITDA growth of about 12% through fiscal year 2027. The note flags Veolia’s diversified service portfolio, which spans water management, waste processing, and energy services,…
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Super Micro Computer (NASDAQ: SMCI) and Palantir Technologies (NYSE: PLTR) both have delivered significant gains to investors this year. Supermicro soared 188% in the first half, even surpassing the performance of market darling Nvidia. It’s since pulled back but still is heading for a 60% increase this year and a 2,100% climb over the past five years. Palantir is on its way to an increase of almost 150% this year and is trading at a record high. Both of these technology stocks have shown financial strength in recent times thanks to their growth in the high-potential area of artificial intelligence…
UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. Anadolu | Getty ImagesLONDON — U.K. Finance Minister Rachel Reeves will deliver the government’s hotly awaited debut budget on Wednesday, putting to bed weeks of uncertainty over potential tax hikes and spending cuts.The fiscal announcement — Labour’s first in almost 15 years — has been the source of much speculation, with Prime Minister Keir Starmer warning of “painful” decisions as his administration seeks to square what it says is a “black hole”…
Avalon Globocare Corp. (ALBT) stock has reached a notable milestone, hitting a 52-week high of $3.45 USD. This peak comes amidst a challenging year for the company, which has seen its stock value undergo a significant decline. Over the past year, Avalon Globocare has experienced a sharp decrease in its stock price, with a 1-year change showing a substantial drop of -63.14%. Despite this downward trend, the recent surge to a 52-week high suggests a potential turnaround or a positive market reaction to recent developments within the company. Investors and analysts will be closely monitoring Avalon Globocare’s performance to see…
A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia’s capital Riyadh to attend the Future Investment Initiative (FII) forum.Fayez Nureldine | Afp | Getty ImagesThousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom’s Future Investment Initiative, the flagship economic conference at the heart of Vision 2030 — the multi-trillion dollar plan to modernize and diversify Saudi Arabia’s economy.Described in past years by some attendees as a bonanza for Saudi cash, fund managers who spoke to CNBC this year draw a distinctly different picture…
(Bloomberg) — Saudi Arabia will host the biggest names in finance and technology this coming week in a test of investor appetite for the kingdom’s ambitions of transforming itself into a global hub at a time of widening regional conflict. Most Read from Bloomberg International executives will have to contend with a region rocked by geopolitical tensions, with the threat of further military confrontation between Israel and Iran at the highest levels in decades. And they will land in a country that is increasingly facing up to the fact that even its vast oil wealth has limits. But those arriving…
Two executives with CQC Impact Investors, a developer of carbon credit projects, have been indicted for alleged fraud by the U.S. Attorney for the Southern District of New York. Such cases are rare, but they raise questions for carbon credit buyers — how can they have confidence that their investments will help reduce greenhouse gas emissions? What should they do if a project goes wrong? Carbon credit insurance can provide an answer. Buyers can insure their carbon credits with specialist policies. As more options come to market, sustainability teams will soon need to decide: Is carbon credit insurance the best…
What’s going on here?Investment in AI-themed exchange-traded funds (ETFs) is booming in 2024, with a third of all AI-named ETFs debuting this year, showcasing heightened investor interest in artificial intelligence.What does this mean?AI-focused ETFs have amassed $4.5 billion in assets, nearly matching the $5.5 billion in nuclear-themed funds and overshadowing the $1.37 billion cannabis market. BlackRock is shaking things up by launching two new offerings – iShares A.I. Innovation and Tech Active ETF and iShares Technology Opportunities Active ETF – to seize emerging AI opportunities. Their first product from 2018, iShares Future AI & Tech ETF, is nearing a 52-week…
Pham Nhat Vuong, chairman and founder of Vingroup.© 2024 Bloomberg Finance LP Automobile and property tycoon Pham Nhat Vuong and his conglomerate Vingroup has launched a venture capital firm to fund artificial intelligence and digital startups in Vietnam and the region in a bid to broaden his technology businesses. VinVentures Capital Fund, jointly sponsored by Pham and Vingroup, will focus on AI, semiconductors, cloud computing, and other high-tech products, the conglomerate said in a statement The fund, which will invest in startups, has $150 million in assets under management, two thirds of which are “inherited investment” from the Vingroup’s existing…
By David Shepardson (Reuters) – Boeing is set to launch as early as Monday its plan to raise more than $15 billion in capital, a source briefed on the matter told Reuters. Reuters first reported on Oct. 16 that the planemaker was closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as it sought to bolster finances worsened by a crippling ongoing strike. The new capital is set to come from a mix of the sale of stock and convertible preferred shares, the source added, saying the total amount raised could…