Lumen And Meta Join Forces To Boost AI With Flexible, On-Demand Network SolutionsLumen Technologies, Inc. (NYSE:LUMN) shares are trading higher on Monday after the company announced it is partnering with Meta Platforms, Inc. (NASDAQ:META) to significantly increase Meta’s network capacity and help drive its AI ambitions.Lumen’s partnership offers Meta enhanced flexibility with secure, on-demand bandwidth, supporting its complex computing requirements and enabling it to serve billions daily.Ashley Haynes-Gaspar, Lumen’s EVP and chief revenue officer, said, “We’ve transformed our company to meet this demand. As Meta’s customers use more AI services across its platforms, we’re helping provide Meta with a seamless,…
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Piper Sandler affirmed its Overweight rating on shares of F.N.B. Corporation (NYSE:NYSE:), alongside maintaining a $17.00 price target. The firm’s analysis followed F.N.B. Corporation’s third-quarter 2024 earnings report, which revealed earnings per share (EPS) of $0.30. The earnings included certain non-recurring items: an $11.6 million loss from the sale of a performing auto loan portfolio and a $3.7 million software impairment. Adjusting for these items, core earnings were estimated at $0.34 per share, narrowly missing both the firm’s and consensus estimates by one cent. The slight miss was attributed to an increase in expenses and provisioning, each impacting earnings by…
A focus on structural trends and the application of value creation playbooks can drive success in a cyclical consumer market, says Maxim Crewe, partner and head of the consumer and financial services sector teams at Cinven.The consumer sector’s dynamism and often highly contradictory nature makes it exciting for investors. Consumers’ tastes constantly change, so the Cinven funds look to invest in longer-term trends in behaviour and demographics that will shape markets over decades.Behavioural trends include the shift towards experience over goods, an increasing focus on health and wellness, and the growth in the pet market. Demographic trends take in wealth…
Randall C. Barnes, a trustee of Advent Convertible & Income Fund (NYSE:AVK), recently acquired 3,785 shares of common stock, valued at $42,694. The shares were purchased at a price of $11.28 each, as part of a rights offering. Following this transaction, Barnes now directly owns 15,140 shares in the fund. In other recent news, Advent Convertible & Income Fund has announced a rights offering for its common shareholders. This offering, managed by Advent Capital Management and UBS Securities, allows shareholders to purchase additional common shares, with one right granted for every share owned. Moreover, every three rights will enable the…
As governments across the world push for cleaner energy, the competition between India and China for cleantech dominance intensifies. China’s early investment in clean energy technology and manufacturing has given it a significant lead. However, India is rapidly building its capacity, aiming to grab the spotlight in the global market. This analysis explores the current landscape, identifying strengths, weaknesses, and what lies ahead for both nations in the cleantech race. China’s Technological Edge and Cost Advantage China remains a global leader in clean energy manufacturing. The country’s investments in solar PV, battery technology, and wind energy have solidified its dominance.…
Image source: Getty Images Stock markets may be flying higher, but there are still FTSE shares that look undervalued to me. Here are two from the blue-chip index that might be worth considering. Smith & Nephew First up is Smith & Nephew (LSE:SN.). This is a global medical technology company specialising in artificial hips and knees, surgical instruments, and wound care products that promote healing. The FTSE 100 stock’s had a rough time, falling around 38% over the past five years. The pandemic’s largely to blame, as many surgeries, including joint replacements, were postponed or canceled. Plus, rising raw material…
Good news for the electric vehicle (EV) industry- General Motors (GM) and Lithium Americas have inked a $625 million joint venture to develop the Thacker Pass lithium project in Nevada. This partnership is another power play to boost the U.S. domestic supply chain for EV batteries and reduce reliance on lithium imports, particularly from China. The Background: Lithium Americas Secured $2.3B DOE Loan to Drive Thacker Pass Development In March 2024, Lithium Americas secured a $2.3 billion loan from the U.S. DOE through its Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. This funding will support the development of the Thacker…
The EU’s Trusted Investors Network aims to attract venture capital into tech sectors, focusing on biotechnology and AI. Source link
The Dow Jones Industrial Average (DJIA) is a stock market index that tracks 30 large, publicly-owned companies. These companies are considered leaders in their respective industries and reflect the U.S. economy’s health. Dow Jones stocks are the individual companies that make up this index. The DJIA is one of the oldest and most-watched stock market indicators worldwide. Investing in Dow Jones stocks can offer several advantages for investors. These companies are typically well-established with strong financial positions and global operations. Many Dow stocks pay regular dividends, appealing to income-focused investors. The stability of these blue-chip companies can provide a buffer…
Stocks wobbled on Monday as investors braced for a packed week of top-tier earnings that could drive or drag on a record-setting rally.The S&P 500 (^GSPC) dropped almost 0.1%, coming off a fresh all-time closing high and a sixth weekly win in a row. The Dow Jones Industrial Average (^DJI) edged almost 0.2% lower, while the tech-heavy Nasdaq Composite (IXIC) hovered near the flatline.Whether records keep rolling in rides in large part on corporate results in the coming days. Earnings season ramps up this week, as over 100 S&P 500 companies are lined up to report. So far, 80% of…