[ad_1] Image source: Getty Images There aren’t many instances when the share price of a leading FTSE 250 constituent rises by a third at the ringing of the bell. But that’s what happened to Johnson Matthey’s (LSE: JMAT) stock yesterday (22 May) when it agreed to sell its Catalyst Technologies business to Honeywell in a £1.8bn deal. The business has been in divesting mode since the new CEO took charge back in 2022. It had already sold its battery material and medical device components businesses, but this deal dwarfs them. Having long been relegated from the FTSE 100, could a…
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[ad_1] This week, we’re joined by Ross Peterson to talk about the non-emergency medical transportation he does with his new wheelchair-accessible company, RIDEtoo. We talk about transportation funding for medical visits and how they can be more efficient.At Talking Headways, we give you three ways to enjoy the broadcast. First, click the green arrow in the white circle above. Or you could read a full unedited transcript by clicking here (yes, there will be AI typos).Or … you could read the partially edited section below. Let’s begin: Jeff Wood: Also I’m interested in just the idea of medical transportation. There’s a specific…
[ad_1] The US dollar is under pressure as global investors grow increasingly wary of America’s fiscal trajectory. Once seen as a reliable safe haven, the greenback is now facing renewed skepticism, with strategists telling Yahoo Finance that capital is shifting toward undervalued currencies in Europe and Asia amid expectations of foreign stimulus and more attractive valuations abroad. The US Dollar Index (DX-Y.NYB) — which tracks the dollar’s value against a basket of major currencies including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc — has dropped more than 8% since the start of the year,…
[ad_1] By Rocky Swift TOKYO (Reuters) -Japanese government bonds remained stable on Friday, after a volatile week in which super-long yields hit record highs as inflation and fiscal concerns sapped demand for debt. Yields on 20-, 30-, and 40-year Japanese government bonds have been climbing, fuelled by growing concerns over the country’s worsening fiscal health, as some political parties advocate for consumption tax cuts to counter rising prices. Data on Friday showed Japan’s core consumer inflation hit 3.5% in April, its fastest annual pace in more than two years, and keeping pressure on the Bank of Japan to continue raising…
[ad_1] Earlier this week, credit rating agency Moody’s downgraded its rating on America’s debt, and discerning queers have questions. Who does Moody’s think she is? What the hell does a downgrade even mean? And was the federal government getting 3 percent cash back on all our spending – or at least a few extra airline points?It’s hard to clutch our pearls at the news when we don’t quite understand what’s happening. And what’s tricky is we can’t really compare a government’s debt to a personal budget; they’re two very different things, influenced by very different economics. Most of us don’t…
[ad_1] Barings Global Private Credit has hired Kevin Mihelic to its Global Private Finance Group as managing director. Mihelic will be based in New York and will be responsible for structuring, executing, underwriting, and managing North American private finance investments, according to his biography on Barings’ website. The appointment was announced by Barings in a LinkedIn post today. Read more: Grosvenor expands private credit business with director hire Before joining Barings, he worked for Antares Capital for nearly 14 years, where he oversaw a portfolio of loan investments in both large-cap and middle-market companies and a team of credit underwriting professionals. He…
[ad_1] JPMorgan Chase, one of the largest banks in the world, has entered a landmark agreement with Vancouver-based carbon removal company CO280. The deal is worth $90 million and involves the purchase of 450,000 metric tons of carbon dioxide removal (CDR) over the next 13 years. This move shows more confidence in carbon removal tech. It also reflects a strong effort by companies to combat climate change in clear, measurable ways. The deal makes JPMorgan the first major bank to commit to engineered carbon dioxide removal at this scale. Each ton of carbon will cost less than $200, a notable…
[ad_1] Coinciding with the United Nations International Day for Biological Diversity, environmental markets administrator Eco-Markets Australia has launched a new biodiversity credit market to reward landowners for restoring the country’s rainforest wetlands. The Wet Tropics Rainforest Recovery Program is the first biodiversity market to be administered by Eco-Markets Australia, an independent administrator of environmental credit markets. The program will issue Cassowary Credits, a biodiversity credit scheme developed by natural resource management nonprofit Terrain NRM (and named after the cassowary bird that’s one of the region’s most iconic inhabitants). Credits are intended to support landholders that undertake “eligible restoration activities” to…
[ad_1] As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at professional staffing & hr solutions stocks, starting with First Advantage (NASDAQ:FA). The Professional Staffing & HR Solutions subsector within Business Services is set to benefit from evolving workforce trends, including the rise of remote work and the gig economy. With companies casting a wider net to find talent due to remote work, the expertise of staffing and recruiting companies is even more valuable. For those who invest…
[ad_1] NEW YORK (AP) — Wall Street’s quiet corner is making noise again. While the bond market is typically seen as slower moving, it can pack a heavy punch when it’s alarmed. And right now, it’s getting worried about how much more Washington is preparing to pile onto its spiraling mountain of debt because of its desire to cut taxes. The House of Representatives approved a bill of tax breaks early Thursday that could add trillions of dollars to the federal government’s debt, and it’s heading to the Senate next. Worries about the U.S. debt have sent yields jumping in…