By Mark Trevelyan (Reuters) -Russia is testing the readiness of a missile unit that forms part of its strategic nuclear forces, the defence ministry said on Friday, in the latest of a series of warning signals to Ukraine and the West. The test is taking place in the Tver region, northwest of Moscow, in the same week that NATO conducted its annual nuclear exercise and Ukrainian President Volodymyr Zelenskiy unveiled his “victory plan” for the war. The inspection involves a unit equipped with Yars intercontinental ballistic missiles, which have a range of up to 11,000 km (6,835 miles) – far…
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On Friday, Leverage Shares plc announced a temporary suspension of two of its exchange-traded products (ETPs) related to MicroStrategy. The affected products are the Leverage Shares -3x Short MicroStrategy (MSTR) ETP and the Leverage Shares 3x Long MicroStrategy (MSTR) ETP. The suspension took effect at 7:30 am London time on October 18, 2024, and was executed on the London Stock Exchange (LSE). The suspension of these financial instruments is in anticipation of an update to the Issuer’s Base Prospectus, which will be supplemented accordingly. The Supplement is expected to provide additional information to the ETP Securityholders, although the specific details…
Austin Omala and Kobena Idun clicked immediately when they met by chance in the Curry Student Center their first year at Northeastern. Now fourth-years, Omala and Idun — a business administration major and computer science major, respectively — are inseparable after they found a shared passion for the intersection of finance and data science. The pair pitched ideas to each other frequently throughout the years while both gained experience at co-ops like Fidelity Investments and Morgan Stanley. In May 2023, both Omala and Idun came to each other with the same idea: an easy-to-use financial investing app. The idea stuck,…
In the upcoming year, the American Forest Foundation (AFF) will host the first of its kind carbon credit auction in the US, offering buyers access to high-quality, nature-based offsets.The American Forest Foundation Carbon Auction, scheduled for February 2025, is part of the Family Forest Carbon Program, a strategy tailored to assist family forest owners and countryside communities in accessing revenue streams while improving environmental health.Designed with the vision of providing buyers with a one-stop platform for investing in forest carbon removal, over a period of several weeks the auction will compile all relevant project due diligence resources in one central…
The NASDAQ 100 index hit rock bottom during intra-day trading on 10 October 2002, down 77% from its all-time high on 10 March 2000. An estimated 100 million individual investors lost $5 trillion in the stock market. It took more than 15 years for the tech-heavy index to revisit its peak. Between such dot-bombed firms as Webvan and eToys and uniconned start-ups like Theranos and FTX, when it comes to venture capital (VC), the New Economy of the late 1990s and today’s gig economy share a few commonalities. New Lexicon, Old Tricks Unlike public markets, VC is all about inside…
Image source: Getty Images Premium content from Motley Fool Hidden Winners UK Our monthly Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of small-cap recommendations, to help Fools build out their stock portfolios. “Best Buys Now” Pick #1: Treatt (LSE:TET) Why we like it: “Treatt (LSE: TET) is a speciality chemicals business that focuses on providing ingredients for customers primarily in the food & beverage space. Between 2012 and the end of 2023, CEO Daemmon Reeve and the board have successfully repositioned the company from being a low-margin supplier of commoditised…
Advanced Micro Devices is a top contender in the AI chip market. Source link
There’s no question that Nvidia (NASDAQ: NVDA) has been the biggest winner in the artificial intelligence (AI) boom. The AI chip stock added a whopping $3 trillion in market cap since the beginning of 2023, shortly after ChatGPT was launched.However, throughout the first half of the year, there was a surprising rotation out of Nvidia stock. A number of billionaire investors who had capitalized on the stock’s initial gains sold the AI stock, arguing that there were better opportunities elsewhere.Among those investors were David Tepper of Appaloosa Management, Israel Englander of Millennium Management, Ken Griffin of Citadel Advisors, George Soros…
On September 20, 2024, the Commodity Futures Trading Commission (CFTC) issued its long-awaited, non-binding final Guidance (“the guidance” or “the September guidance”) with respect to regulations on the listing of voluntary carbon credits (VCCs) derivative contracts on designated contract markets (DCMs). Source link
Voluntary carbon markets (marketplaces in which buyers voluntarily purchase and trade in offsets generated from emissions reduction or removal projects) have long been the center of a divisive debate. Proponents of these markets in which companies and other buyers can purchase carbon credits to offset their emissions argue that they are essential for increasing climate finance and enabling companies to reach their net-zero targets. Critics argue that voluntary arrangements are little more than elaborate greenwashing mechanisms. In early 2023, it seemed that momentum was building for voluntary markets. A growing number of companies looked to implement net-zero strategies, contributing to…