[ad_1] Investing.com — Shares of New Fortress Energy (NASDAQ:) surged up 14% today, marking the most significant intraday rise since October, following reports that a consortium involving the company has been selected to build a new gas-fired power plant in Puerto Rico. The San Juan Daily Star cited that authorities have chosen a consortium comprising Tropigas de Puerto Rico and Cratos Project Services to construct the 478-megawatt facility. This development is a substantial step for New Fortress Energy, expanding its footprint in the energy infrastructure of Puerto Rico and potentially bolstering its future revenue streams. While the company has not…
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[ad_1] Investing.com — Raymond James upgraded timber-focused REITs Weyerhaeuser Company (NYSE:) and PotlatchDeltic Corp (NASDAQ:) to “outperform” from “market perform” given their discounted valuations and signs of recovery in lumber market fundamentals. The brokerage highlighted a near-30% discount to net asset value for both companies and a 12% quarter-on-quarter rise in cash lumber prices in the fourth quarter. It also noted improved conditions in the lumber and oriented strand board markets as producers reduced capacity amid demand headwinds. “We think the market might be throwing the baby out with the bath water in this circumstance, as the lumber markets are beginning…
[ad_1] Investment advisers will probably overtake hedge funds as the biggest holders of U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) next year, CF Benchmarks said Monday.A total of 11 spot BTC ETFs debuted in the U.S. on Jan. 11, providing a way for investors to gain exposure to the cryptocurrency without personally having to hold and store it. Since their inception, they have accumulated over $36 billion in investor funds.Demand has been dominated by hedge-fund managers, who own 45.3% of the ETFs. Investment advisers, the gatekeepers to retail and high-net-worth capital, are a distant second at 28%.That’s set to change…
[ad_1] WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in November after being depressed by hurricanes in the prior month, but rising mortgage rates could hamper sales next year. New home sales jumped 5.9% to a seasonally adjusted annual rate of 664,000 units last month, the Commerce Department’s Census Bureau said on Monday. The sales pace for October was revised higher to a rate of 627,000 units from the previously reported 610,000 units. Economists polled by Reuters had forecast that new home sales, which account for about 15% of U.S. home sales, would rebound to a rate of…
[ad_1] By Jack Queen and Luc Cohen NEW YORK (Reuters) – Luigi Mangione, the man accused of fatally gunning down health insurance executive Brian Thompson on a Manhattan street, pleaded not guilty on Monday to New York state murder charges that brand him a terrorist. Mangione, 26, was escorted into Judge Gregory Carro’s 13th-floor courtroom in the New York state criminal courthouse in lower Manhattan with a court officer on each arm, and a procession of a half dozen officers following him. He was in handcuffs and shackles, and wore a burgundy sweater over a white-collared shirt. Mangione leaned into…
[ad_1] Image source: Getty Images Next year could see a tidal wave of takeover bids in London’s Alternative Investment Market (AIM). That is the verdict of investment bank Peel Hunt. It recently issued a report saying that as many as a third of the small- and medium-sized firms on the junior market could be takeover targets next year. So could owning penny shares let me benefit from this bonanza if it materialises? Investing for the right reasons Some people buy shares hoping for a takeover. That strikes me as closer to speculation than investment. I am happy to invest in…
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[ad_1] Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mynaric (ETR:) To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Mynaric between June 20, 2024 and October 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York–(Newsfile Corp. – December 23, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against…
[ad_1] The United States has long been Israel’s primary international backer, lending it vast political, diplomatic and financial support. This has only increased since Israel began its assault on Gaza last October, even as it gradually expanded the parameters of its war, in which it is widely accused by human rights groups of committing genocide. According to Brown University’s Watson Institute, the US government provided Israel with almost $18bn in weapons and military aid in the first year of Israel’s war. But Israel is also increasingly dependent on another source of funds: bonds, bought by states and municipalities across the…
[ad_1] Intel has been struggling to keep up with AMD and Nvidia but there might finally be some good news for investors. [ad_2] Source link