The Dow Jones Industrial Average is supposed to represent the 30 companies that are cornerstones of the US economy, those whose success makes them stand out from their peers on the New York Stock Exchange and Nasdaq. For most of the last five years, that has not described Boeing (BA).And so it’s a legitimate question if the aircraft maker still belongs in the blue-chip index. And it’s a question with only one correct answer: No.“If you want bellwether, strong balance sheet companies, they don’t check those boxes any longer,” said Ron Epstein, aerospace analyst for Bank of America. “I don’t…
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Northvolt’s gigafactory in Skellefteå in SwedenEurope’s leading battery maker is to slash jobs and scale back its commitments as the “challenging” market for electric vehicles bites manufacturers.Northvolt, the Swedish company which raised £10bn to challenge China’s dominance of batteries, today pledged to refocus efforts on improving its struggling factory in Skellefteå and cutting costs.This will involve “a re-scope of operations and appropriate resizing of our workforce”, an announcement said.The company, which counts German car giants BMW and Volkswagen among its backers, also said it would sell or seek investment from outside partners in its energy storage business.It is the latest…
Cardi B just gave her kids, Kulture and Wave, the gift of another sibling.The rapper announced the arrival of her third child in an Instagram post shared on Sept. 12.”The prettiest lil thing 🌸🌸 9/7/24 💖💖💖,” the mother of three captioned the post, which included photos of her and her baby, as well as with her two kids and estranged husband, Offset, at the hospital.Cardi B announced on Aug. 1 that she was expecting baby No. 3 on the heels of her divorce news.“With every new ending comes a new beginning!” Cardi B wrote on Instagram, in part. “It’s so much…
MADISON, Wis. (WMTV) – A pair of brothers are donating $75 million dollars to the University of Wisconsin-Madison’s College of Engineering in efforts to fuel construction of a new, long-awaited engineering building.Announced Wednesday at Bascom Hall, the contribution marks the largest single gift to the university’s engineering college.UW-Madison alumni Marvin and Jeffery Levy were proud to announce the gift honoring the memory of their brother Phil, also a UW-Madison alumnus, who passed away in 2021.“Our family deeply appreciates the vital role engineering plays in driving innovations that advance our society and contribute to people’s quality and enjoyment of life,” said…
AGF Management Ltd. lowered its position in Vanguard Dividend Appreciation ETF (NYSEARCA:VIG – Free Report) by 20.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,010 shares of the company’s stock after selling 37,513 shares during the quarter. AGF Management Ltd.’s holdings in Vanguard Dividend Appreciation ETF were worth $26,106,000 at the end of the most recent reporting period. A number of other large investors have also recently added to or reduced their stakes in VIG. Vantage Financial Partners LLC acquired a new stake in…
(Bloomberg) — Hackers hit Taiwanese financial platforms including the stock exchange and lender Mega Financial Holding Co. on Thursday, briefly disrupting their websites in what local media described as an attack by foreign agents.Most Read from BloombergThe perpetrators swamped the targeted websites with a so-called Distributed Denial of Service attack, which caused unstable connection issues for the platforms in the afternoon, according to the Ministry of Digital Affairs. During the incident, the Taiwan Stock Exchange detected web queries from overseas internet-protocol addresses at volumes several times bigger than usual, the bourse said in a separate text message to Bloomberg News.The…
CINCINNATI — Bond Hill homeowners said they feel ignored after Cincinnati City Council approved building a new multi-family development next to their houses.Residents said they were promised more condos in 2003, but the council has ignored their concerns about this recent development.”There are people who have moved here thinking that this was going to be 43 condos and it’s going to be drastically different,” homeowner Angela Howard said. “That’s a problem for us.”Instead of a few dozen condos, Louisville-based developer LDG will build a complex with 150 apartment units.”I’m angry too because when you look at it, the entire community…
Industrial air cooling system.Yurou GuanBank of America upgraded Johnson Controls to ‘Buy’ for its exposure to AI data centers.Johnson Controls is a top provider of thermal cooling equipment and other data center solutions.The company is searching for a new CEO, which is seen as a positive catalyst by Bank of America.Johnson Controls is the stock to buy for safe exposure to the AI boom, according to a note this week from Bank of America.The bank upgraded shares of Johnson Controls to “Buy” from “Neutral” and increased its price target to $80 from $76, representing potential upside of about 15% from…
Bruins “Some guys’ games translate better in pro than they do in college and junior. And I think he’s one of those guys.” Riley Duran’s game might be suited for the pro level. (AP Photo/Greg M. Cooper) Riley Duran has played only 15 total games of pro hockey. But it didn’t take long for Providence Bruins head coach Ryan Mougenel to see that the Woburn native has the mettle and drive necessary to carve out a career at hockey’s highest level.“We want him to play free, let his skill take over and he was exceptional for us,” Mougenel said Wednesday…
In 1938, one of the world’s most famous athletes opened a laundry business.Jesse Owens Dry Cleaning Company in Cleveland proved how difficult it could be for Olympians of his day to turn global triumph into a steady paycheck. In 1939, Owens filed for bankruptcy.More from Sportico.comLimited by the strictures of amateurism and the oppression that came with being a Black man in the 1930s, Owens traveled the country in search of appearance fees at local events. Sometimes he’d race fans, cars or even horses.“People said it was degrading for an Olympic champion to run against a horse,” Owens said later.…