Keith Meister’s Corvex Management added an outsized bet on the broader market last quarter, while shaking up his exposure to various technology stocks, according to a new regulatory filing. The New York-based hedge fund, founded by Meister in 2011, bought call options on SPDR S & P 500 ETF Trust (SPY) in the fourth quarter with unknown value, strike price or expiry. The position, worth $586 million at the end of 2024, was Corvex’s largest at the time. Investors profit from calls when the underlying security rises in price. Meanwhile, the hedge fund purchased puts against software name Palantir with…
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Core Power has launched the Liberty Programme to revolutionize maritime energy with floating nuclear power plants (FNPPs). Read more… Source link
The voluntary carbon market is booming, with $16.3B in funding in 2024. Companies shift to high-quality carbon removal credits for net zero. Source link
(The views expressed here are solely of the author, Roman Opimakh, former Director General of Ukrainian Geological Survey.) Recently, President Donald Trump initiated access to Ukraine’s critical minerals in return for US military support in a war with Russia. The attraction of strategic investors in the development of critical minerals was also a measure of the Victory Plan, presented by President of Ukraine Volodymyr Zelensky. Below, I will try to describe which minerals could be a part of a mutually beneficial agreement between Ukraine and the US. The industry of critical raw materials for battery and modern technology manufacturing is…
After much anticipation and hype around xAI’s Grok 3, the next-gen finally shipped. The company CEO and billionaire Elon Musk touted it as the “smartest AI on earth,” claiming it outperformed proprietary models from top AI firms, including OpenAI, Anthropic, DeepSeek, and Google, across a wide range of benchmarks, including math, science, and coding.The performance boost could be attributed to Musk’s indication that Grok 3 is “complete with 10X more compute” than its predecessor. During the launch of the product on X (formerly Twitter), Elon Musk indicated:“Grok 3 is an order of magnitude more capable than Grok 2…[It’s a] maximally…
Why Trump wants Ukraine’s rare earths Materia Rinnovabile | Renewable Matter Why Trump wants Ukraine’s rare earths The US president has attached a price to his backing of Kyiv, rich in strategic raw materials — many of which lie in disputed territories with Russia https://www.renewablematter.eu/en/why-trump-wants-ukraines-rare-earths 2025-02-14 18:36:26+02:00 2025-02-14 18:36:26+02:00 by Simone Fant 14 FEB 2025 18:30 Source link
The Trump administration on Tuesday said it will keep using strict guidelines adopted by the administration of former President Joe Biden to review proposed corporate mergers.The decision to retain the guidelines — which are widely disliked by corporations — was detailed in a Department of Justice memo and a statement by Federal Trade Commission Chairman Andrew Ferguson.”Recent public commentary has raised the question of whether the Antitrust Division will abandon use of the 2023 Merger Guidelines,” Omeed Assefi, the acting assistant attorney general for the DOJ’s antitrust division.But, “The Antitrust Division will continue to use the 2023 Merger Guidelines until…
Risk is an inherent part of both investing and career growth. While being cautious can protect against losses, avoiding risk altogether comes with its own set of dangers — missed opportunities, underperformance, and stagnation. Historically, women are perceived as more risk-averse in investing and professional decision-making. Taking calculated risks is essential for success, however, whether it’s investing in alternative assets, negotiating compensation, or making bold career moves. In today’s competitive landscape, professionals who embrace risk thoughtfully are better positioned to drive innovation, achieve financial independence, and create lasting impact. Last month, I moderated a discussion at the Inspirational Women Forum…
By Promit MukherjeeOTTAWA (Reuters) -Canada’s annual inflation rate inched up to 1.9% in January from the previous month as higher gasoline and natural gas costs reduced the impact of a sales tax reprieve on broader consumer prices, official data showed on Tuesday.The core measures of the consumer price index, which have not declined as fast as the inflation rate in the past few months, edged up too.January’s CPI reading racked up a six-month record of inflation coming in at or below the 2% mark – the mid-point of the Bank of Canada’s 1%-3% target range – but underlying price pressures…
Ukraine’s president, Volodymyr Zelenskyy, has rebuffed an initial attempt by the US to corner his country’s critical minerals as a downpayment for continued military and economic aid for its war with Russia.Three sources told the Reuters news agency that the US had proposed taking ownership of 50% of Ukraine’s critical minerals. Zelenskyy did not dismiss the offer out of hand, but said it did not yet contain the security provisions Kyiv needed.What are critical minerals?Critical minerals are the metals and other raw materials needed for the production of hi-tech products, particularly those associated with the green energy transition, but also…