The recent exit of Canadian and U.S. banks from the Net-Zero Banking Alliance (NZBA) initiative highlights growing tensions between climate commitments and political pressures. With banks like TD, BMO, and Scotiabank prioritizing independent strategies, the financial sector faces mounting challenges in balancing sustainability goals with fossil fuel financing. The NZBA initiative was established in 2021 to align global financial institutions with the Paris Agreement’s goals. With over 100 members representing nearly 40% of global banking assets, the alliance focused on reducing financed emissions, encouraging green investments, and increasing transparency. These measures were designed to mobilize the financial sector’s efforts toward a…
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On January 20, 2025, America witnessed another significant event: President Donald Trump’s inauguration in Washington, D.C. The ceremony marked the beginning of his four-year term, echoing his well-known slogan “Make America Great Again.” In a bold move, Trump announced the U.S. withdrawal from the Paris Agreement. This decision initiated a major shift in the nation’s energy and climate policies. His “America First” energy strategy focuses on boosting fossil fuel production, rolling back regulations, and reducing government oversight. Supporters see this as a way to enhance energy independence and foster economic growth. However, critics warn it could lead to severe environmental…
BOSTON—Zachary Emerson (NYSE:), CEO of CarOffer, a subsidiary of CarGurus , Inc. (NASDAQ:), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Emerson sold 2,203 shares of CarGurus’ Class A Common Stock on January 17 at an average price of $38.12 per share, totaling $83,978. The sale comes as CarGurus trades near its 52-week high of $39.10, with the stock delivering an impressive 62% return over the past year. InvestingPro data shows the company maintains a GOOD financial health score, with 15+ additional insights available to subscribers.…
TORONTO, Jan. 21, 2025 (GLOBE NEWSWIRE) — Constellation Software Inc . (TSX: TSX:, TSX: CSU.DB) (the Company) announced today that the interest rate applicable to the unsecured subordinated floating rate debentures, Series 1 of the Company (the Debentures) will be reset to 8.9% per annum on March 31, 2025. This new interest rate is equal to the annual average percentage change in the All-items Consumer Price Index published by Statistics Canada during the 12 month period ending on December 31, 2024 plus 6.5% and will be reflected in the June 30, 2025 interest payment on the Debentures. The current interest…
President Donald Trump is reportedly set to announce billions in private investment for AI infrastructure from a joint venture of OpenAI, SoftBank and Oracle (ORCL). Oracle stock jumped on the news. Through a joint venture called Stargate, the three companies are committing to $100 billion in initial investment and plan to invest up to $500 billion over the next four years, as reported by CBS News and the Wall Street Journal. OpenAI Chief Executive Sam Altman, Oracle Chairman Larry Ellison and SoftBank Chief Executive Masayoshi Son are expected to make an announcement at the White House this afternoon, according to…
Capital One Financial Corporation (NYSE:) reported its Q3 2024 earnings, surpassing analyst expectations with earnings per share (EPS) of $4.41 against a forecast of $2.85. The company’s revenue matched forecasts at $10.2 billion. Following the earnings release, the stock saw a slight decrease in aftermarket trading, dropping by 0.42% to $192.40. Key Takeaways Capital One’s EPS significantly beat expectations, showing strong financial performance.Revenue growth was driven by higher net interest income.Marketing expenses increased significantly, reflecting strategic investments.The stock experienced a minor decline in aftermarket trading despite positive earnings. Company Performance Capital One demonstrated robust performance in Q3 2024, with earnings…
In a recent transaction, Kevin R. Johnson, a director at Goldman Sachs Group Inc. (NYSE:), acquired 2,400 shares of the company’s common stock. The shares were purchased at a price of $619.02 each, amounting to a total investment of approximately $1,485,648. This acquisition was made on January 17, 2025, and was held through a trust, with Johnson and his spouse as the sole beneficiaries. The timing appears favorable as Goldman Sachs stock has shown strong momentum, gaining 9.5% in the past week and currently trading near its 52-week high of $627. Additionally, Johnson received 630 Restricted Stock Units (RSUs) as…
In a recent transaction, Ann F. Vezina, a director at TD Synnex Corp (NYSE:), sold shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Vezina sold 839 shares on January 16, 2025, at a price of $136.08 per share. The total value of the transaction amounted to $114,171. The sale comes as SNX trades near its 52-week high of $138.31, with the stock showing strong momentum, up over 32% in the past year. InvestingPro data reveals that management has been actively buying back shares, suggesting confidence in the company’s outlook. Following this sale,…
By Dawn Chmielewski (Reuters) – Netflix (NASDAQ:) added 18.9 million subscribers in its holiday quarter, blowing past Wall Street’s forecasts, with live sporting events and the return of its popular South Korean series “Squid Game” attracting a record number of new customers, the company reported on Tuesday. The streaming giant said that as it continues to invest in programming that its members value, it will increase prices for the service for most plans in the U.S., Canada, Portugal and Argentina. In the U.S., the basic service with ads would increase by $1 a month to $7.99, a 14% price increase,…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDonald Trump is set to unveil billions of dollars of private investment in a massive new artificial intelligence infrastructure venture backed by OpenAI, SoftBank and Oracle. Dubbed Stargate, the joint venture was poised to receive an initial cash injection of $100bn from the tech giants, rising to as much as $500bn over the next four years, according to two people familiar with the matter. Microsoft was also involved in the project as a technology partner, one of the people said…