The University of Guam’s Center for Island Sustainability and Sea Grant is launching a pioneering initiative that could transform conservation funding on Guam and across Micronesia by seeking Gold Standard Carbon Credit Certification for its tree-planting program.The certification would allow the university to generate revenue from carbon credits, providing a sustainable funding source for environmental restoration without relying solely on grants and government allocations, according to a recent press release from the university.In the release, Austin Shelton, Ph.D., director of UOG CIS and SG, said, “Through seeking Gold Standard carbon credit certification, we are working to diversify funding sources beyond…
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Fibre-cement maker James Hardie Industries (JHX.AX), opens new tab said it would acquire U.S outdoor building products maker AZEK Company (AZEK.N), opens new tab in a cash and stock deal worth $8.75 billion including debt, looking to boost growth with new offerings to homeowners.AZEK shareholders will receive $26.45 in cash and 1.034 James Hardie shares for each AZEK share, bringing the total per share value to $56.88 per share, a 37.4% premium to AZEK’s last close on Friday.AZEK’s board of directors has recommended accepting the offer, Hardie and AZEK said in a joint statement. AZEK manufactures wood decking, pergolas and outdoor living products.James Hardie’s…
Over 100 advocates chanted “fund the bus” on the steps of San Francisco City Hall Tuesday morning.”The board is considering a $7.2 million cut from SFMTA” rather than tapping its reserves, explained advocate Cyrus Hall, seen in the lead image, one of the managers of the Prop. L campaign to fund Muni. He’s also a member of the “Muni Now, Muni Forever” coalition, which organized Tuesday’s event.Advocate Anthony Ryan. Photo: Streetsblog/Rudick”We are here to say ‘no’ to any service cuts,” said advocate Chris Arvin, addressing the crowd, which included reporters from most major Bay Area media outlets. Arvin explained that…
U.S. flags hang on the building of the New York Stock Exchange (NYSE), after U.S. President-elect Donald Trump won the presidential election, in New York City, U.S., November 6, 2024. Andrew Kelly | ReutersStock futures were higher on Sunday, as investors try to glean whether equities can extend recent gains into a fresh trading week.Futures tied to the Dow Jones Industrial Average advanced 182 points, or 0.4%. S&P 500 futures added 0.5%, while Nasdaq 100 futures were 0.6% higher.Stocks are coming off of a much-needed winning week. The S&P 500 finished in the green on Friday and avoided four-straight weekly losses.However,…
(Bloomberg) — Bond investors are driving a wedge into the Treasury market in anticipation of slower economic growth and faster inflation, spurring demand for shorter-term Treasuries at ever-lower yields while longer-term yields drift higher. The next test comes with Friday data expected to show inflation remains elevated. Most Read from Bloomberg Five-year yields fell eight basis points last week, breaching 4% after Federal Reserve policymakers lowered their forecasts for US economic growth, bolstering wagers on interest-rate cuts this year. As 30-year bond yields climbed on Friday, they exceeded five-year yields by nearly 60 basis points, the widest margin since September.…
Binance CEO Richard Teng says the Trump administration has been a “fantastic” reset for the cryptocurrency industry.”It’s an extremely different environment that we’re operating in,” Teng told CNBC on Tuesday.In the span of 16 months, Binance has gone from a political outcast to a possible power broker in Washington. Once the poster child for regulatory defiance – Binance was slapped with a record $4.3 billion settlement with regulators and forced to oust billionaire founder Changpeng “CZ” Zhao – the crypto exchange is now navigating a dramatically friendlier political landscape under President Donald Trump’s second administration, Teng said.”We’ve benefited from this…
(Bloomberg) — Treasury Secretary Scott Bessent can’t stop talking about 10-year bond yields. In speeches, in interviews, week after week, he states and restates the administration’s plan to push them down and keep them down. Most Read from Bloomberg Some of this is normal — keeping government borrowing costs in check has long been part of the job — but Bessent’s fixation on the benchmark US note is so intense that he’s forced some on Wall Street to tear up their predictions for 2025. In the past couple weeks, chief rates strategists at Barclays, Royal Bank of Canada and Societe…
Image source: Getty Images For many, earning a second income is the holy grail of investing. After all, who doesn’t love the idea of making money without having to work for it? And better yet, by leveraging an ISA, there won’t be any taxes to pay either. But how much money can an investment portfolio unlock? The answer depends on the return a portfolio’s able to generate and how much capital an investor can put in. But even with a basic index strategy, investing just £500 each month could eventually earn £89,380 each year if the stocks in question are…
U.S. Attorney Jessica Aber for the Eastern District of Virginia, speaks with reporters during a news conference at the Department of Justice, on Wednesday, Dec. 6, 2023, in Washington, as Attorney General Merrick Garland, left, and Secretary of Homeland Security Alejandro Mayorkas, look on.Mark Schiefelbein | AP PhotoFormer U.S. attorney for the Eastern District of Virginia Jessica Aber was found dead in Alexandria on Saturday morning, police said. She was 43.Police discovered Aber’s body while responding to a report of an unresponsive woman around 9:20 a.m., the Alexandria Police Department said in a statement.Police did not indicate whether they believed…
Image source: Getty Images I recently invested for the first time in Greggs (LSE: GRG) after the baker’s shares fell following full-year results. So far, though, my Greggs shares have continued heading in the wrong direction. Selling on a price-to-earnings ratio of 12, Greggs looks like a bargain to me. But if that is the case, why are they not bouncing back from the post-results slump? Things may get worse before they get better Earlier this month, I was impressed by some of Greggs’ headline results. Sales grew by 11% year on year, for example, while pre-tax profit was up 8%.…