US stocks traded mixed on Wednesday after markets hit their latest all-time highs as investors looked to upcoming data for clues to the health of the economy and the chances of another jumbo rate cut.The Dow Jones Industrial Average (^DJI) reversed earlier gains to fall about 0.4% while the S&P 500 (^GSPC) held on to positive momentum, rising about 0.1% on the heels of record closes for both major indexes. The tech-heavy Nasdaq Composite (^IXIC) rose about 0.4% after initially opening in the red.The question now becomes whether or not the US economy could find itself in a recession, with…
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Image source: Getty Images Growth shares could help boost my wealth and holdings for years to come. With that in mind, one stock I’m planning on adding to my holdings when I next can is Intertek Group (LSE: ITRK). Let me break down my investment case. Testing, safety, and certification It’s fair to say Intertek isn’t a name that immediately stands out on the UK’s premier index among its illustrious and prestigious incumbents. Nevertheless, a lack of fanfare or brand recognition doesn’t make the testing and safety business any less of an intriguing investment prospect. Intertek shares have had a…
[By: Daphne Technology] Daphne Technology, a leader in climate deep tech, announces the approval of its pioneering carbon credit methodology by Gold Standard. This milestone directly targets reducing methane emissions from internal combustion engines using any methane-rich fuel. Methane is a powerful greenhouse gas (GHG) with a global warming potential (GWP) 28 times that of carbon dioxide (CO2) over a 100-year period. It is responsible for at least a quarter of the current global warming. Unlike CO2, fossil-origin methane has a much shorter atmospheric lifetime, with a GWP of 82.5 over a 20-year period, so reducing methane emissions can result in quicker climate benefits.…
Certain cancer rates are on the rise, and outcome inequities remain a major public health | In this week’s “Podnosis,” Fierce Healthcare’s Anastassia Gliadkovskaya talks to BrightEdge’s Alice Pomponio about investing in cancer-fighting startups and measuring impact. Source link
US stocks aimed for another positive day on Wall Street after markets hit their latest all-time highs, as investors looked to upcoming data for clues to the health of the economy and the chances of another jumbo rate cut.The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) opened higher on the heels of record closes for both major indexes, rising about 0.1% and 0.2%, respectively. The tech-heavy Nasdaq Composite (^IXIC) hugged the flatline.The question now becomes whether or not the US economy could find itself in a recession, with concerns fanned by a surprisingly weak reading on consumer confidence.…
Western nations are directing their development finance and export credit agencies to work with private industry to support critical minerals projects, in a drive to break China’s chokehold over a sector that is essential for high-tech industries.The Minerals Security Partnership, a coalition of 14 nations and the European Commission, will unveil a new financing network at an event in New York on Monday as they try to ramp up international collaboration and pledge financial support for a huge nickel project in Tanzania, backed by mining company BHP.A joint statement due to be published on the margins of the UN General…
Palantir And APA Amp Up AI Alliance: Multi-Million Dollar Deal To Transform Oil & Gas OperationsPalantir Technologies Inc. (NYSE:PLTR) inked a multi-year, multi-million-dollar extension of an earlier deal with APA Corporation (NASDAQ:APA).This deal extension builds on three years of collaboration across oil and gas company APA’s global portfolio and introduces new AI capabilities through Palantir’s Artificial Intelligence Platform (AIP) software.Over the past three years, Palantir has partnered with APA to deploy its software for operational planning, supply chain, maintenance, production optimization, and contract management.Palantir’s AIP software has helped APA seize opportunities, improve equipment reliability with real-time monitoring, optimize logistics, and…
Morgan Stanley has revised its outlook on the U.S. auto industry, lowering it from Attractive to In-Line, citing headwinds such as rising inventory levels, affordability concerns, and increasing competitive pressure from China, which has shifted from being a source of demand to one of global oversupply. The report highlights that China’s automotive industry is now producing around 9 million more units than it consumes, exerting pressure on global markets. Morgan Stanley warns that this excess capacity is likely to find its way into other regions, intensifying competition for U.S. automakers. “Even if these units don’t end up directly on U.S.…
It’s a big deal.Bike-share operations provider Bicycle Transit Systems is acquiring BCycle from Trek in a bid to compete with Lyft.Bicycle Transit’s relationship with BCycle goes back nearly a decade — the firm uses BCycle bikes for the three bike-share systems it operates in Los Angeles, Philadelphia and Las Vegas. When the new acquisition finalizes next month, Bicycle Transit will add to its portfolio BCycle’s operations in 10 cities and equipment provider deals in 15 others.By combining manufacturing, operations and public-facing brand, Bicycle Transit-operated systems will use fewer subcontractors than even Lyft, which has bike manufacturing, software and product development…
Image source: Getty Images Major FTSE 100 property sales and rentals company Rightmove (LSE: RMV) has rejected a third and likely final offer from Australian outfit REA Group. On Wednesday (25 September) it turned down the £6.1bn offer despite it representing a 37% premium on the share price. According to reports, it felt the proposal “materially undervalues” the company. REA Group is owned by Robert Murdoch’s NewsCorp and operates a similar business model to the UK business, providing an online property portal for renters and buyers in Australia. A successful merger in the UK could make it the largest company…