[ad_1] Traders work on the floor of the New York Stock Exchange on March 13, 2025.NYSEStock futures fell early Monday, after the 30-stock index posted its worst week going back to 2023.Dow futures slid 170 points, or 0.41%. S&P 500 futures and Nasdaq 100 futures dipped 0.52% and 0.62%, respectively.Stock Chart IconStock chart iconS&P 500Wall Street is coming off yet another brutal week for equities. The Nasdaq Composite sank deeper into correction territory last week, while the small-cap Russell 2000 neared a bear market, or 20% off from its high. The S&P 500 briefly dipped into a correction as well,…
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[ad_1] Image source: Getty Images The Lloyds (LSE:LLOY) share price has leaped into 2025, with the stock’s 26% gains outpacing the FTSE 100’s 4% rise. However, it has not been a smooth few months for the bank. So, why has it surged? What’s going on? In February, Lloyds nearly tripled its provision for the car finance mis-selling scandal to £1.2bn. This move significantly impacted its annual profits, which fell from £7.5bn in 2023 to £5.97bn. The scandal stems from discretionary commission arrangements (DCAs), where car dealers were incentivised to inflate interest rates without informing customers. This practice, banned in 2021,…
[ad_1] Rigetti Computing announced a sharp 57% quarterly price surge despite financial challenges, including a marked decline in sales and a significant net loss across 2024. Key events include a strategic $35 million private placement involving Quanta Computer Inc., indicating fresh capital potentially influencing investor sentiment positively. The announcement coincided with the broader technology sector rally, led by firms like Nvidia and Palantir, boosting investor interest and confidence in tech stocks during a volatile market experiencing bearish trends, with a recent market drop of 2%. Additionally, board-level changes were highlighted by the impending departure of Director Cathy McCarthy, although this…
[ad_1] Indonesia plans to launch sales of carbon offsets from its forestry sector soon while authorities work on recognising existing international standards, according to Reuters. It comes after the government stopped cross-border carbon trade in late 2021, instead wanting to prioritise meeting its carbon reduction targets as it sets up broad rules on carbon trading. Wood Central understands that the government launched its domestic carbon exchange in 2023, and in January this year, the exchange began allowing sales of carbon credit certificates to foreign buyers, but the certificates offered were all from carbon reductions from energy projects. “Trade of carbon offsets from…
[ad_1] The carbon capture, utilisation, and storage (CCUS) industry in the United States operates within a shifting regulatory landscape. According to the Congressional Budget Office (CBO), only 15 sites were operational by the end of 2023, handling less than 0.5% of national emissions. However, 275 projects have been announced, reflecting the industry’s ambitions, which remain largely dependent on tax incentives introduced under former President Joe Biden’s administration. A fragile economic model The flagship provision of the 2022 Inflation Reduction Act (IRA) offers a tax credit of up to $85 per tonne of captured CO2, a measure deemed essential by industry…
[ad_1] The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. Martyn Lucy | Getty Images News | Getty ImagesFerraris are becoming increasingly popular among younger buyers, with the CEO of the luxury automaker revealing that 40% of new buyers are now under the age of 40.That reflects a significant upswing from just over 18 months ago, when Ferrari’s chief said the figure stood at 30%.”40% of the new clients are below 40 years,” Ferrari CEO Benedetto Vigna told CNBC on the sidelines of CONVERGE LIVE in Singapore.”I don’t know for other brands, but for us, it is…
[ad_1] At the Federal Reserve’s first meeting in 2025, consumers are going to want what Fed Chair Jerome Powell simply can’t give them: An answer to how much longer interest rates are going to stay high. Americans got a taste of the rate cuts they were craving last year. With inflation slowing and the job market flashing warning signs of an abrupt slowdown, officials on the Federal Open Market Committee (FOMC) slashed their benchmark financing rate a full percentage point across three consecutive meetings. The federal funds rate now holds in a target range of 4.25-4.5 percent. Those cuts didn’t…
[ad_1] (Bloomberg) — Wall Street’s infamous dark pools are getting even darker. Most Read from Bloomberg A decade after being engulfed by a controversy that culminated in multiple enforcement actions and a regulator clampdown, these off-exchange trading platforms are touting a way to buy and sell stocks that’s even more opaque. They’re offering what are dubbed private rooms, gated venues that take the core benefit of a dark pool — the ability to hide big equity deals so they won’t impact prices — and add exclusivity, specifying exactly who can partake in any trade. Created within the dark pools themselves,…
[ad_1] TONGREN, CHINA – MARCH 13, 2025 – Prosecutors explain to consumers how to buy qualified products at a supermarket in Pingxi street of Yuping Dong Autonomous County in Tongren, southwest China’s Guizhou province on March 13, 2025.Cfoto | Future Publishing | Getty ImagesChina announced a “Special Action Plan to Boost Consumption” on Sunday in a bid to prop up domestic consumption in the world’s second largest economy. The General Office of the Central Committee, an office directly under China’s ruling party, said the plan was to vigorously boost consumption, expand domestic demand, and “enhance consumption capacity by increasing income…
[ad_1] Despite contributing just 0.9 per cent to global greenhouse gas emissions, Pakistan ranks among the top five most vulnerable nations to climate change. The country is already experiencing the devastating impacts of climate change, including erratic rainfall, glacial melt, increased frequency of vector-borne diseases, and extreme weather events. The catastrophic floods of 2022 alone resulted in an estimated GDP loss of $15.2 billion, affecting over 33 million people. In this context, Pakistan has set an ambitious target of reducing its projected emissions by 50pc by 2030 — 15pc drop below business as usual (BAU) from domestic resources, and the…