Crusoe Energy Systems, a clean energy and AI infrastructure innovator, has raised $600 million in a Series D funding round, propelling its valuation to $2.8 billion. The company receives backing from prominent investors like Founders Fund, Nvidia, and Fidelity. With this funding, Crusoe is set to address the growing energy needs of artificial intelligence (AI) while prioritizing sustainability. From Flaring to AI: How Crusoe is Scaling Clean Energy Data Centers Founded in 2018, Crusoe began by tackling natural gas flaring—an environmentally harmful process where excess gas like methane is burned at oil sites. Using its Digital Flare Mitigation technology, Crusoe…
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(Bloomberg) — The Canadian dollar slid to its lowest level since March 2020 as Prime Minister Justin Trudeau’s government slips into crisis after the shocking resignation of his finance minister. Most Read from Bloomberg The currency extended its recent losses to slide another 0.5% on Tuesday past 1.43 per US dollar, the weakest level since the Covid-19 pandemic first shuttered cities. The loonie has been declining as the US’s northern neighbor’s economy lags and officials struggle to come up with a plan to respond to President-elect Donald Trump’s tariff threats. The latest political turmoil “is symptomatic of the greater troubles…
Mortgage rates had increased for a couple straight days, but they’re finally back down again today. According to Zillow, the average 30-year fixed mortgage rate has inched down by one basis point to 6.45%. The 20-year fixed interest rate has dropped by 12 basis points to 6.30%, and the 15-year fixed rate has fallen by two basis points to 5.82%. The Federal Reserve’s final meeting of the year took place today. The central bank announced its decision to cut the federal funds rate by 25 basis points. Many economists predicted the Fed would decrease its rate, so the anticipation of…
The Federal Reserve announced Wednesday that it will cut its benchmark interest rate by a quarter point. That follows September’s reduction of half a percentage point and November’s quarter-point trim.What the move means for the housing market is an open question. Mortgage rates fell sharply leading up to the Fed’s first rate cut, dropping all the way from 8.01 percent in Oct. 2023 to 6.20 percent as of Sept. 18, 2024, according to Bankrate’s national survey of large lenders. However, they were back up to 6.91 percent as of Dec. 18, even as the mortgage market anticipated the Fed’s rate…
Horizon Kinetics Asset Management LLC, a significant shareholder in Texas Pacific Land Corp (NYSE:), has reported a recent purchase of common stock. According to the SEC filing, Horizon Kinetics acquired 1 share at a price of $1,184.55, marking a total transaction value of $1,184. This latest acquisition brings the firm’s total direct holdings to 1,138,392 shares in the $25.7 billion market cap company. TPL has demonstrated impressive performance with a 134% return year-to-date, supported by strong fundamentals including a 93% gross profit margin. Horizon Kinetics, a well-known investment management firm, is recognized as a ten percent owner of Texas Pacific…
She was the most powerful woman in City Hall, brought down by a pending corruption investigation. But what role did a single bike lane play in Ingrid Lewis-Martin’s undoing?That’s a question worth asking after Mayor Adams’s most-loyal ally — also the single biggest impediment to street safety inside City Hall — resigned abruptly on Sunday as Manhattan District Attorney Alvin Bragg reportedly plans to charge her this week as part of a corruption probe.The details are still unclear as investigators apparently look into much broader allegations of bribery and money laundering, along with other possible crimes, the Times reported.But here’s…
Mainstream Energy Solutions Limited (MESL) has acquired carbon credits from Netzence Sustainability Limited (Netzence), marking a significant step in Nigeria’s climate action and sustainability efforts. Dr Sadiq Sani, Founder and CEO of Netzence, announced the development, stating:“This milestone reflects Nigeria’s progress towards establishing a robust carbon registry, a crucial tool for addressing climate change and driving economic growth.” Enhancing Sustainability Credentials Carbon credits, which represent the reduction of one metric tonne of carbon dioxide (CO2) emissions per unit, are integral to global efforts to cut Greenhouse Gas (GHG) emissions. The monetisation of these credits aligns with the United Nations Sustainable…
In a challenging year for Surgery Partners Inc (NASDAQ:), the company’s stock has touched a 52-week low, dipping to $19.87, with InvestingPro data showing the stock trading significantly below analyst target ranges of $28-$50. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a 1-year change of -37.98%. Despite the challenging price action, the company maintains solid operational metrics, with revenue growth of nearly 10% and EBITDA of $595.9M. Investors have been closely monitoring the stock as it navigates through a period marked by volatility and uncertainty within the healthcare sector. The 52-week…
This transaction was part of a pre-established Rule 10b5-1 sales plan, which Gates adopted on August 30, 2024, to fulfill tax obligations related to the vesting of restricted stock units. Following this sale, Gates retains ownership of 815,722 shares of NextNav stock. With a market capitalization of $2.12 billion, InvestingPro analysis suggests the stock is currently trading above its Fair Value. Investors can access detailed valuation metrics and 13 additional ProTips for NextNav through InvestingPro’s comprehensive research platform. With a market capitalization of $2.12 billion, InvestingPro analysis suggests the stock is currently trading above its Fair Value. Investors can access…
A pair of experts have voiced concerns over three forest carbon credit (REDD) methodologies that were recently approved by the Integrity Council for the Voluntary Market (ICVCM) and have left the expert panel that is tasked with ensuring their robustness.The ICVCM represents a broad cross-section of the voluntary carbon market (VCM) ecosystem with representatives from NGOs, carbon market technology, UN policy experts, sustainability professional, corporates, scientists and local communities.The organization has developed the Core Carbon Principles (CCPs) in an attempt to raise the bar for carbon credits and set up a global benchmark that generates trust in buyers across the…