Nobel Committee announces the winners of the 2024 Nobel Prize in Economic Science during a press conference at the Karolinska Institute in Stockholm, Sweden, on October 14, 2024. The 2024 Nobel Prize in Economy was awarded to Daron Acemoglu, Simon Johnson and James Robinson for their work on formation of institutions and their impact on welfare. Anadolu | Anadolu | Getty ImagesU.S.-based economists Daron Acemoglu, Simon Johnson and James Robinson were awarded the Nobel Prize in economic sciences on Monday for their work on wealth inequality between nations.The academics have helped show why societies with “poor rule of law and institutions…
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The Federal Reserve recently reduced its key interest rate by 50 basis points, signaling a shift in the economic outlook as the central bank reacts to slower growth and persistently low inflation. Such rate cuts typically ripple across the financial sector, directly influencing banks’ earnings, particularly those with extensive lending and investment operations like JPMorgan Chase & Co. (JPM). Traditionally, lower interest rates compress the margins banks earn on their lending activities, but they can also spur demand for loans and bolster fee-based business lines, adding complexity to the overall picture. For JPMorgan, one of the world’s largest and most…
Image source: Getty Images Uber Technologies‘ (NYSE: UBER) shares soared nearly 11% to $86 on 11 October. This means the growth stock‘s now at an all-time high, having risen 250% since the start of 2023. Thankfully, I scooped up a load of shares a few weeks ago. In fact, I made Uber one of my top holdings, which is rare because I normally prefer to let stocks ‘earn’ their position over time. Here’s a look at Wall Street’s growth projections and why I’m so bullish on the ridesharing giant. Why is Uber flying? Last week, Tesla (NASDAQ: TSLA) had its…
Investing.com — Evercore ISI analysts issued a Tactical Outperform call for Apple Inc (NASDAQ:) on Sunday, expecting the iPhone maker to report earnings results in line with current estimates, which could lead to a positive performance for the stock. Despite the recent bearish sentiment around Apple, particularly concerning its position in the Chinese smartphone market, Evercore analysts suggest that the perceived risks may be “overstated.” They believe this can be “offset by growth in developing markets and a strong upgrade cycle in the US where our survey work points to strong upgrade demand, driven in part by AI.” Apple shares…
Credit: Unsplash/CC0 Public Domain Biodiversity is in crisis. Human activities are driving species extinctions at unprecedented rates, but funding for conservation remains woefully inadequate. To address this gap, the concept of a Biodiversity Credit Market (BCM) has emerged, inspired by carbon credit systems that incentivize conservation and restoration efforts. However, while the BCM holds promise, it risks falling into the same pitfalls as its carbon counterpart—especially if it fails to implement rigorous science-backed baselines, monitoring and validation processes. In a publication in npj Biodiversity, T. Mitchell Aide, a research associate at the Smithsonian’s National Zoo and Conservation Biology Institute (NZCBI),…
Wells Fargo has initiated coverage on Shoals Technologies Group (NASDAQ: SHLS) with an Equal Weight rating and set a price target of $6.00 per share. The firm’s analysis is based on a discounted cash flow (DCF) model and considers the company’s potential for growth through expansion into new markets. Shoals Technologies, which currently derives the majority of its revenue from utility solar projects, is looking to diversify its business by entering new markets over the coming years. These new ventures include international markets, community, commercial, and industrial (CC&I) projects, battery energy storage, and data center wiring. The company aims to…
TUSCALOOSA, Ala. (WBRC) – Parks in the City of Tuscaloosa are in overdrive when it comes to renovations as the city has invested millions of dollars in upgrades.If it seems like there’s been one ribbon cutting after another at Tuscaloosa-area parks that’s because several parks have reopened after being closed.Kaulton Park on the city’s west side and Snow Hinton Park on McFarland Boulevard just reopened.That’s after being closed for several months in Kaulton’s case, and nearly a year when it comes to Snow Hinton.The city spent almost $2.5 million upgrading Kaulton Park. “It’s just completely different from when I lived…
Although the market is still hitting record highs, many stocks are still good buys. The key isn’t to look at where the market is now; it’s to look at where some stocks may be heading if they can keep up their growth trajectory.If these four can maintain their general direction, they’ll continue rising faster than the market, which makes them excellent buys now.1. Taiwan Semiconductor ManufacturingRegardless of where you look in the tech sector, you’ll find that highly sophisticated chips are within every device. It doesn’t matter if a GPU is being used for training artificial intelligence (AI) models or…
Taipei, Taiwan, Oct. 14, 2024 (GLOBE NEWSWIRE) — Committed to building a “green energy-driven, AI-native decentralized infrastructure,” the innovative platform Zen42.ai has officially joined Mobii Green Energy’s New Zealand Green HI-City project. Led by Mobii… Source link
Image source: Getty Images Greggs‘ (LSE: GRG) shares have fallen 13% in the past month. This flaky run comes after the FTSE 250 bakery chain reported a slowdown in sales in the third quarter. Despite this pullback, the stock’s still returned 78% over five years, including dividends. That market-beating gain’s been driven by a 75% increase in the firm’s revenue and a more than doubling of profits. But what about the future? Here are the latest growth forecasts for the next few years. City estimates If forecasts prove correct, Greggs’ revenue and earnings will keep chugging higher. This could lay…