Catastrophic floods in Pakistan have been attributed to climate changeAFP via Getty Images The terrible floods of 2022 killed more than 1,700 people in Pakistan and caused almost $15 billion of damage. For many in the country, the devastating natural catastrophe underlined just how vulnerable Pakistan has become to climate change, particularly as glaciers in its mountainous regions melt. Now, Pakistani investors and entrepreneurs are teaming up to respond, with a new fund that will invest in local ventures offering scalable and impactful solutions. The Sarmayacar Climaventures Fund is the brainchild of Lahore-based venture capital firm Sarmayacar. Today it will…
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TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co (TSM, 2330.TW) has suspended shipments to a customer after it discovered that one of its chips supplied to the client ended up in a Huawei product, according to a Taiwan official familiar with the situation. About two weeks ago, TSMC suspended shipments to the client and began a detailed investigation, the trade and economic official said, speaking on condition of anonymity given the sensitivity of the situation. The company has notified the U.S. and Taiwanese governments, the official said as it was an “important warning event” within TSMC, and can, at its earliest,…
The recent discovery of oil leaks in the rear drive unit of the refreshed Tesla Model 3 Performance has raised eyebrows and questions about the reliability of electric vehicles. Despite the company’s initial reluctance, Tesla has acknowledged the issue and issued a service bulletin outlining a costly solution involving relocating the drive unit breather and replacing the lubricant fluid. The problem, first noticed in August on a racing Model 3 Performance, has led to a debate between owners and service centers over whether it’s a design flaw or the result of misuse. While many owners have reported similar leaks, Tesla…
Introduction The imperatives of climate change demand enhanced risk management in the commercial real estate (CRE) loan market: Investors and lenders must refine their strategies and conduct meticulous property-level risk assessments as part of their credit analysis. Community and regional banks are particularly susceptible to climate-related financial risk due to their CRE loan balance sheet exposure and must navigate unpriced climate risks to ensure balanced and resilient loan portfolios. To maintain portfolio health and overall stability, these institutions must exercise ongoing vigilance in their risk monitoring. In this conversation, we — Adam W. Sandback, CFA, FRM, CPA, CMA, and Andrew…
If Ethereum is going to hit a price of $22,000 by 2030, here’s what needs to happen. As we head into 2025, Ethereum (ETH -1.75%) continues to lag behind other top cryptocurrencies. For the year, Ethereum is up only 17%, well off the pace set by Bitcoin (BTC -0.69%), which is now up 60%. Of perhaps even more concern, top Ethereum rival Solana (SOL 1.35%) is also up 60%. That being said, there’s still a good case for buying Ethereum now, as long as you’re willing to take a long-term outlook. For example, investment firm VanEck put out a $22,000…
The Nasdaq Composite provides broad exposure to stocks, but a more concentrated approach has been the better long-term option. The Nasdaq Composite is one of the U.S. stock market’s three main indexes, along with the S&P 500 and Dow Jones. It tracks the 3,000-plus companies listed on the Nasdaq stock exchange and has become a popular go-to for investors because of how tech-leaning it is. The Nasdaq-100 is a subset of the Nasdaq Composite, tracking the 100 largest non-financial stocks on the Nasdaq stock exchange. It’s a far more concentrated index than the Nasdaq Composite, but this concentration is partly…
Coca-Cola’s (KO) third quarter turned out better than expected as consumers continue to be picky with their dollars. On Wednesday morning, the soda giant posted revenue of $11.9 billion, beating expectations of $11.61 billion, though down from $12 billion in the year-ago period. Adjusted earnings came in at $0.77 a share, above estimates for $0.74. “There’s part of the world, where consumers continue to be fairly resilient,” CFO John Murphy told Yahoo Finance over the phone, calling Coca-Cola “a beneficiary” in developed markets. “On the positive side, we’ve seen spending pulling up, we have seen some of the drivers of…
Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Costco as overweight The firm says membership card scanner rollouts is a “Netflix moment” for Costco. ” Costco’s ongoing roll-out of membership card scanners at its U.S. clubs could soon deliver a Netflix moment. Our channel checks suggest membership counts at selected Costco locations, following implementation of the scanners, is rising by double digits.” Morgan Stanley reiterates Spotify as overweight Morgan Stanley raised its price target on Spotify to $430 from $400, calling it a top pick. “We remain bullish due to cont’d conviction in 1) Spotify’s…
The Indian government has approved key sectors under its Carbon Credit Trading Scheme, with a strong focus on renewable energy. The initiative aims to accelerate green hydrogen, offshore wind, and energy storage, aligning with India’s low-carbon transition goals. October 23, 2024. By EI News Network The Bureau of Energy Efficiency (BEE), under the Government of India’s Ministry of Power, has released an Office Memorandum outlining the approved sectors under the Offset Mechanism of the Carbon Credit Trading Scheme (CCTS). The scheme was officially introduced through notification in June 2023, with further amendments in December 2023. The CCTS framework has been…
Investing.com — HubSpot Inc. was provided with a boost Wednesday after analysts at Evercore ISI added the stock to their Tactical Outperform list, citing improving business conditions and a more attractive risk/reward profile. “We believe that the risk/reward associated with HUBS has become more attractive at current levels,” Evercore ISI wrote, raising their price target to $610, which implies 15% upside from current levels. The analysts noted that recent partner surveys suggest stabilization in HubSpot (NYSE:)’s business, with positive signs for pipelines, demand, and customer upgrades. While they do not expect the company’s upcoming Q3 results and Q4 guidance to act…