Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits, a long-awaited decision some hope can bring credibility to a scandal-ridden sector. Source link
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(Bloomberg) — Billionaire activist investor Carl Icahn’s investment fund is cutting its dividend payout by half as it plans to boost its stake in CVR Energy Inc. Most Read from Bloomberg Icahn Enterprises LP will distribute a dividend of $0.50 per depositary unit in the third quarter, down from $1 per unit in the second quarter, according to an earnings statement on Friday. The firm is planning to raise its CVR Energy holding to about 81%, from 66%, it said in a separate statement. IEP will launch a tender offer to buy as many as 15 million additional CVR shares…
Image source: Getty Images Due to their exposure to the UK economy, it’s often said that stocks on the FTSE 250 are less affected by global events. However, 59% of their revenue comes from overseas. Admittedly, this is less than the FTSE 100’s 80%. But it does illustrate that increased globalisation makes it ever more difficult for companies to isolate themselves from world events. During his election campaign, Donald Trump said he’ll impose tariffs of 10%-20% on all imports to the US. Apparently unconcerned by the possibility of a global trade war, American voters duly elected him their 47th President.…
Sony’s PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Here’s how the company did in the September quarter, versus LSEG consensus estimates:Revenue: 2.97 trillion Japanese yen ($19.4 billion), versus 3.03 trillion yen expected. That was up 9% and slightly below analyst expectations.Operating profit: 455.1 billion yen, versus 336.07 billion yen expected. That’s up 73% year over year and beats expectations.The Japanese tech giant revised its fiscal 2025 revenue target up slightly to 12.7 trillion yen. It previously…
Investing.com — Paramount Global (NASDAQ: PARA) reported third-quarter earnings that surpassed analyst expectations, while revenue fell short of estimates. The media company’s stock edged down 0.35% following the release. Paramount posted adjusted earnings per share of $0.49, beating the analyst consensus of $0.24 by $0.25. Revenue for the quarter came in at $6.73 billion, missing the $6.94 billion estimate and declining 6% YoY from $7.13 billion. The company’s Direct-to-Consumer (DTC) segment showed strong growth, with revenue increasing 10% YoY to $1.86 billion. Paramount+ added 3.5 million subscribers in the quarter, bringing its total to 72 million. The DTC segment achieved profitability…
PayPal’s latest results show that management’s efficiency efforts are paying off. Source link
This is a monthly feature that runs down some of the most-active investors in U.S.-based companies, looks at some of their most interesting investments, and includes some odds and ends of who spent what. See August’s most-active startup investors here. October turned out to be a pretty busy month for many of the big names in venture and was led again by Andreessen Horowitz. Other investors such as Lightspeed Venture Partners and General Catalyst followed closely, all investing in 11 or more rounds involving U.S.-based companies. Interestingly, none of those firms took part in the big round of the month…
Image source: Getty Images A second income could act as a handy financial supplement. One way is to take on a second job. But there is more than one way to skin a cat. It is also possible to earn a second income by investing in dividend shares. I could start with a few thousands pounds (or less). For instance, if I had a spare £3,000 to put into dividend shares now to try and build a growing second income, here is what I would do. Setting up a dealing account My first move would be to put that £3,000…
BOLINGBROOK, Ill., Nov. 8, 2024 /PRNewswire/ — Hyzon (NASDAQ: HYZN), a U.S.-based, high-performance, hydrogen fuel cell system manufacturer and technology developer focused on providing zero-emission power to decarbonize the most demanding industries, today announced that Management will host a conference call to discuss its third quarter 2024 earnings results at 8:30 a.m., ET, on Wednesday, November 13, 2024. Participants can join the call at 1-888-800-7840 or international callers can use 1-646-307-1856 and enter the access code 5240234. To listen to the live audio webcast and Q&A, visit the Hyzon investor relations website at https://investors.hyzonfuelcell.com/. A replay and transcript of the…