People take photos in front of a giant Google logo at Google’s Bay View campus in Mountain View, California on Aug 13, 2024 where the “Made by Google” media event was held today.Josh Edelson | AFP | Getty ImagesGoogle said Monday that it will purchase power from small modular reactor developer Kairos Power, as tech companies increasingly turn to nuclear power as a way to fulfill the growing energy demands from data centers.The tech giant said it will purchase power from a fleet of SMRs made by Kairos Power. Google said purchasing from multiple SMRs sends an “important demand signal…
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NEW YORK – Coty Inc . (NYSE:), a leading global beauty company, has announced preliminary results for the first quarter, revealing a growth of approximately 4-5% in like-for-like sales (LFL), which, while robust, is moderately below the company’s earlier estimate of 6% LFL growth. Despite this, Coty reaffirmed its full-year profit target, signaling confidence in its financial outlook. The company’s performance comes against the backdrop of a global beauty market experiencing solid but slightly reduced growth. Notably, the prestige fragrance category, one of Coty’s domains, continues to outpace the overall market, driven by increased volumes and favorable pricing trends. In…
UBS Private Wealth Management managing director Julie Fox warns investors to avoid making large portfolio shifts ahead of the election on ‘Making Money.’ Source link
PHILADELPHIA – WhiteHawk Energy, LLC, a company specializing in mineral and royalty interests, has made a public proposal to acquire PHX Minerals Inc. for $4.00 per share. This offer, detailed in a letter to PHX’s Board of Directors, represents a 19% premium over PHX’s 90-day volume-weighted average price and a 17% premium over its 30-day average, as of October 11, 2024. The acquisition bid comes after WhiteHawk’s 18-month effort to engage with PHX, during which WhiteHawk claims PHX’s stock price has underperformed due to excessive general and administrative expenses, dilutive acquisitions, and minimal dividends. WhiteHawk, which owns approximately 2.5% of…
The 2025 Ford Bronco lineup now includes the Free Wheeling package, a nostalgic nod to the iconic vintage models. This retro-inspired package offers a splash of color with stripes on the doors and fenders, reminiscent of the 1970s and ’80s. The package also includes an optional black roof and unique 17-inch wheels. Available only on the base trim, the Free Wheeling package starts at under $40,000. The Free Wheeling package is a tribute to the colorful and fun loving spirit of the original Bronco models. The stripes on the doors and fenders are a clear reference to the vintage vehicles,…
BMW’s Domagoj Dukec, once at the helm of controversial design decisions for the brand, has been reassigned to Rolls-Royce. This move, ostensibly a promotion to the luxury division, could be seen as a way to curb his more daring design choices. However, Rolls-Royce’s current lineup, including the Spectre EV, Ghost, and Cullinan Series II, is already well-established and unlikely to be dramatically altered by his presence. The refreshed Cullinan Series II, now hitting the streets in North America, features larger wheels, a redesigned front, upgraded interior materials, and enhanced personalization options. This latest model has quickly caught the attention of…
3 sectors to invest in for surprisingly strong Q3 earnings. Source link
Quantum computing is an emerging technology that uses quantum mechanics to solve complex problems faster than traditional computers. It has the potential to revolutionize fields like cryptography, drug discovery, and financial modeling. Quantum computing stocks represent companies developing this technology or its applications. These stocks are often part of the broader technology sector but form a niche, cutting-edge category. Investing in quantum computing stocks can offer exciting opportunities for growth-oriented investors. The technology’s potential to disrupt various industries makes it attractive for long-term investment strategies. Some larger tech companies are investing heavily in quantum research, providing stability alongside innovation potential.…
The roller coaster doesn’t seem to be stopping as Nvidia (NASDAQ: NVDA). The centerpiece of the artificial intelligence (AI) boom has also been the main driver of the S&P 500 index’s performance since late 2022. This year alone, roughly a quarter of the index’s 20% rise can be attributed to the chipmaker.That’s a lot of weight on Nvidia’s shoulders. Investors are hyperfocused on its every move, seeing it as a bellwether for the market at large. The good news for investors, then, is that the AI giant is charging full steam ahead. It will face challenges and overcome obstacles, but…
While Jeep’s Renegade and Compass have reached a significant milestone of one million units sold in Europe, the brand’s US sales have taken a hit. The company’s deliveries fell by 17% in the first nine months of the year, falling short of the one million mark. Even Jeep, a beloved brand in the US, has struggled to maintain its momentum. To celebrate the European achievement, Jeep has introduced the North Star special edition for both the Renegade and Compass. This limited edition model is designed to embody the brand’s spirit of adventure and rugged capability. The North Star will be…