When it comes to companies that are involved in data centers, I’d wager that Nvidia is the first one that comes to mind. Although Nvidia has an enormous presence for data center services, there are a host of other competitors worth watching.Below, I’ve broken down some of the challenges facing the data center industry and some potential resolutions. Moreover, I’ll discuss my top pick outside of Nvidia and explain why this company, Vertiv Holdings (NYSE: VRT), should be on your radar.Data centers consume a lot of energyData centers are similar to warehouses. But instead of being oversize storage units, data…
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The future of global liquidity and its potential impact on bitcoin was the central topic discussed in a recent conversation with investor Lyn Alden.Austin Arnold, Co-Host of Altcoin Daily, spoke with Alden to gain insight into how monetary policies and economic shifts could shape bitcoin’s performance over the next 18 months.Alden noted, “We are generally seeing, as the Fed starts to cut interest rates, a softer dollar.” She explained that while the U.S. dollar benefits from being the global reserve currency, “whenever we ease monetary policy, that tends to be pretty dovish for the dollar.” Alden predicted a weaker dollar…
We came across a bullish thesis on Lument Finance Trust, Inc. (LFT) on Value Degen’s Substack by Unemployed Value Degen. In this article we will summarize the bulls’ thesis on LFT. Lument Finance Trust, Inc. (LFT) share was trading at $2.57 as of Sept 17th.Is CubeSmart (NYSE:CUBE) the Best Self Storage Stock to Buy Now?Lument Financial (LFT) presents a unique opportunity within the commercial real estate sector, which has been marred by negative sentiment, particularly around office towers. However, this focus on office real estate overshadows stronger areas like multifamily housing, where Lument operates. Multifamily properties are expected to maintain solid rental…
By Johann M Cherian and Purvi Agarwal(Reuters) – U.S. stock index futures were marginally higher on Wednesday as the Federal Reserve was widely expected to deliver its first interest rate cut in more than four years, with most investors betting on a 50-basis point reduction.Borrowing costs have stayed at their highest levels in over two decades since July 2023, when the central bank last hiked interest rates by 25 basis points to between 5.25% and 5.50%.At 7:05 a.m. ET, Dow E-minis were up 58 points, or 0.14%, S&P 500 E-minis were up 7.5 points, or 0.13% and Nasdaq 100 E-minis…
Asda has announced a significant leadership change as co-owner Mohsin Issa steps back from his executive role to focus on his previously announced position as sole CEO of EG Group.This decision marks a shift in the leadership structure of the UK’s third-largest supermarket chain.Taking over Issa’s executive responsibilities are Stuart Rose, Asda’s chair, and Rob Hattrell, a partner at TDR Capital, the private equity company that holds a majority stake in Asda.“We are very grateful to Mohsin for the role he has played in overseeing Asda, including launching into the growth market of convenience stores and introducing a loyalty app…
(Bloomberg) — Tupperware Brands Corp., whose plastic containers became synonymous with food storage, filed for bankruptcy following a years-long struggle with sales declines and growing competition.Most Read from BloombergThe 80-year-old company filed for Chapter 11 protection in Delaware, where it said it will seek court approval to facilitate a sale process of the business as it keeps operating. The filing, which Bloomberg News reported on Monday was imminent, follows protracted negotiations between the company and its lenders over how to manage more than $700 million of loans.Tupperware had been warning since 2020 that its ability to stay in business was…
A Cape Coral man faces DUI charges after authorities say he caused a three-vehicle crash that involved a rollover where he nearly quadrupled the blood-alcohol limit and caused nearly $24,000 in damage.Korey Dickens, 34, faces one count of DUI and two counts of DUI with damage to property or another person.According to Cape Coral police, it all began around 2 a.m. Monday, when officers responded to a rollover crash at the 2200 block of Del Prado Boulevard South.Police said officers found a red Mercedes on its roof, heavily damaged. The driver of the vehicle, later identified as Dickens, had minor…
A firefighter was arrested at work in connection to an August shooting in Ohio.[DOWNLOAD: Free WHIO-TV News app for alerts as news breaks]City manager Sheryl Long said Mack Ogletree, 26, was taken into custody Tuesday morning when he reported to work for an overtime shift, according to a memo sent to the mayor and city council members.“He has been placed on unpaid administrative leave pending the outcome of both the criminal investigation and an internal review in accordance with CFD’s policies and procedures,” the memo stated.Ogletree’s regular assignment is at Engine 23 in Walnut Hills. He has been a firefighter…
The NewsSenators in both parties are open to the Biden administration’s elusive defense agreement with Saudi Arabia, despite long-standing concerns about its human rights record and a high bar to Senate approval.Republicans and Democrats are demanding any such agreement arrive on Capitol Hill as a treaty, requiring a two-thirds majority. Getting that level of Senate approval would be a huge challenge, according to interviews with more than a half-dozen senators on the Foreign Relations Committee.Any deal offering Riyadh security guarantees and other benefits in exchange for normalizing its relations with Israel as almost certainly a task for a future commander-in-chief,…
Angeles Investment Advisors LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 54.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,200 shares of the company’s stock after selling 3,800 shares during the period. Angeles Investment Advisors LLC’s holdings in iShares MBS ETF were worth $294,000 at the end of the most recent reporting period. Several other large investors have also made changes to their positions in the business. Jane Street Group LLC raised its holdings in iShares MBS ETF by 542.0% in the 1st quarter.…