[ad_1] An Indigenous community in the Peruvian Amazon is celebrating a legal victory in the latest stage of its attempt to take back claimed ancestral rainforests. The Puerto Franco community of the Kichwa tribe say their territory was stolen to form the Cordillera Azul National Park in 2001. Companies such as Shell and TotalEnergies spent tens of millions of dollars on carbon credits in the park to counter emissions from their fossil fuel operations. The Kichwas got next to nothing and were left in hunger, despite a 2022 Associated Press investigation finding that it was almost certainly their ancestral territory,…
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[ad_1] An Indigenous community in the Peruvian Amazon is celebrating a legal victory in the latest stage of its attempt to take back claimed ancestral rainforests.The Puerto Franco community of the Kichwa tribe say their territory was stolen to form the Cordillera Azul National Park in 2001. Companies such as Shell and TotalEnergies spent tens of millions of dollars on carbon credits in the park to counter emissions from their fossil fuel operations. The Kichwas got next to nothing and were left in hunger, despite a 2022 Associated Press investigation finding that it was almost certainly their ancestral territory, by…
[ad_1] An Indigenous community in the Peruvian Amazon is celebrating a legal victory in the latest stage of its attempt to take back claimed ancestral rainforests.The Puerto Franco community of the Kichwa tribe say their territory was stolen to form the Cordillera Azul National Park in 2001. Companies such as Shell and TotalEnergies spent tens of millions of dollars on carbon credits in the park to counter emissions from their fossil fuel operations. The Kichwas got next to nothing and were left in hunger, despite a 2022 Associated Press investigation finding that it was almost certainly their ancestral territory, by…
[ad_1] Investors this morning will. e closely monitoring a key inflation report set to shape future monetary policy. The Federal Reserve’s preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, which strips out volatile food and energy costs, is expected to have risen 0.2% month over month in November after prices rose 0.3% in October, according to Bloomberg data. Over the prior year, Wall Street expects core prices to rise 2.9%, ahead of the 2.8% gain seen in October. Overall PCE is expected to increase 2.5% year over year, an acceleration from October’s 2.3% annual increase. The report, which…
[ad_1] Investing.com — Nike Inc’s (NYSE:) turnaround strategy under new CEO Elliot Hill is creating short-term challenges but could set the stage for recovery by 2025, Truist said in a note. The company has lowered its guidance for the second half of fiscal 2025, projecting a low-double-digit percentage revenue decline in the third quarter and gross margin pressure of 300-350 basis points. Fourth-quarter challenges are expected to intensify due to accelerated inventory clearance and higher marketing investments. “We believe the outlook may prove conservative, given that this earnings call was Mr. Hill’s first time addressing investors since taking the helm as…
[ad_1] (Reuters) -U.S. President-elect Donald Trump has moved the stake he owns in Trump Media & Technology to a revocable trust. Trump transferred 114.75 million shares, or 53% of Trump Media & Technology’s outstanding stock, to the revocable trust of which he is the sole beneficiary, according to securities filings. His stake in the company was valued at more than $4 billion based on the stock’s last closing price of $35.41. Trump said in November that he had no intention of selling his shares in the company, which owns the Truth Social media platform. Trump’s eldest son, Donald Trump Jr.,…
[ad_1] On December 18, the Federal Reserve Board announced a 25-basis point drop in its target for the federal funds interest rate. For the uninitiated, banks are required to maintain a certain level of reserves. On a daily basis, banks borrow and lend to each other using the fed funds market to facilitate transfers from those banks with excess reserves to those needing additional reserves to satisfy their reserve requirements. The Fed’s target for this rate is a key policy variable that signals the direction of monetary policy. Generally, raising the target is indicative of tightening monetary policy, while lowering…
[ad_1] Investing.com — Shares of Ironwood Pharmaceuticals (NASDAQ:) soared by as much as 32% today, following a significant development in the biotech sector that could indirectly benefit the company. Zealand Pharma (NASDAQ:) A/S, another player in the industry, received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) regarding their New Drug Application (NDA) for glepaglutide, a treatment for short bowel syndrome (SBS). The FDA has requested an additional clinical trial to confirm the efficacy and safety of the drug. The FDA’s decision impacts Zealand Pharma’s plans for glepaglutide, which had shown promise in a Phase…
[ad_1] Investing.com — Shares of Cable One climbed as much as 4.9% today, marking the most significant intraday rise since November 25, following the company’s announcement of an amended partnership agreement with Mega Broadband Investments (MBI), a provider of broadband services in various regions of the United States. The updated agreement grants Cable One enhanced control over the timing of its potential acquisition of the remaining 55% interest in MBI, which it does not currently own. According to the company’s statement, the acquisition will not take place before October 1, 2026, unless Cable One decides to proceed with the transaction…
[ad_1] As a result of these considerations, Stifel has significantly reduced its estimates for Nike (NYSE:), but continues to hold a neutral stance on the stock, awaiting better visibility on the company’s stabilization efforts before adopting a more positive outlook. The new price target of $75 is based on a 26 times price-to-earnings (P/E) ratio on Stifel’s estimated EPS of $2.88 for the fiscal year 2027 (FY27). For deeper insights into Nike’s valuation and future prospects, including exclusive analyst coverage and comprehensive financial health scores, investors can access the full Pro Research Report available on InvestingPro. For deeper insights into…