DuPont de Nemours (DD) raised its full-year profit forecast above Street estimates on Tuesday after the industrial materials maker beat third-quarter earnings target on strong demand for electronics and artificial intelligence-based technology. New orders improved in the US manufacturing sector in September, primarily driven by an AI surge and increased China demand, which helped DuPont raise its profit target for a third time. The manufacturer has also been benefiting from falling interest rates and lower material prices. DuPont’s electronics and industrial unit, the biggest in terms of turnover, reported a 13.4% rise in third-quarter net sales. Overall sales in the…
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With the F1 2024 season nearing its end, Max Verstappen’s commanding win in Brazil has brought him to the brink of his fourth consecutive championship title. Starting from 17th on the grid, Verstappen demonstrated resilience and strategic precision, moving well ahead of Lando Norris and making a comeback by Norris all but impossible. The Brazilian Grand Prix highlighted Verstappen’s experience and consistency, leaving Norris with limited options as the season’s final races approach. Red Bull’s performance decline earlier in the season had allowed Norris to close the points gap, but recent adjustments have helped Verstappen reclaim his edge. Singapore marked…
Flaring occurs during oil production where gas is literally burned off if it is not possible to use or store it. Methane leaks occur during oil production – an issue that the International Energy Agency (IEA) warned in March 2024 must be tackled. The World Bank heads a partnership designed to eliminate both issues by 2030. “Around 90% of Aramco’s emissions come from when their products are burned, not during extraction, production, or distribution,” Kelly Trout, research director at Oil Change International, says to Play the Game. “Flaring reduction is critical, and since it can address only a portion of…
Image source: Rolls-Royce Holdings plc The Rolls-Royce (LSE:RR) share price has been one of the FTSE 100’s biggest successes of the last 12 months. But I think it might not be done yet. In a recent interview with Nicolai Tangen, CEO Tufan Erginbilgiç outlined three lines of opportunity for the company. And if earnings keep growing, I expect the stock to move higher. Sustainable fuel According to Erginbilgiç, the aviation industry is heading in the direction of sustainability. More specifically, the next 20 years is going to involve a shift to sustainable aviation fuel (SAF). If this happens, Rolls-Royce is…
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Footage from the Brazilian Grand Prix showed Fernando Alonso’s painful exit from his Aston Martin after a tough race at Interlagos. Starting in ninth position due to a crash in the delayed morning qualifying, Alonso struggled throughout the race, finishing in a distant 14th place. He experienced intense discomfort caused by extreme porpoising, which led to severe back pain. During the closing laps, Alonso told his team over the radio, “I will finish the race for the mechanics… but my back is hurting, man. This bouncing is not normal.” Despite his agony, he pushed through the final laps out of…
Reinsurance Group (NYSE:) of America, Incorporated (NYSE:RGA), a global leader in the life reinsurance industry, has been garnering attention from financial analysts due to its strong performance and strategic positioning in the market. As the company navigates through a complex financial landscape, it faces both opportunities and challenges that could shape its future trajectory. Business Overview RGA has established itself as a prominent player in the life reinsurance sector, with a significant global footprint. The company’s operations span multiple continents, with a particularly strong presence in Asia. RGA has been focusing on key growth areas such as Pension Risk Transfer…
At the Nasdaq headquarters in Times Square on Monday, Sportico held its annual Invest in Sports New York event, bringing together big names across sports business. The event included new Orioles owner David Rubenstein, two-time Super Bowl winner Eli Manning, NHL commissioner Gary Bettman, The Kraft Group president Jonathan Kraft, Washington Spirit owner Michele Kang and many more. The owners, executives and big names from the world of athletics expounded on several issues and trends related to money and sports—from the growing opportunities in women’s sports and youth sports to the introduction of private equity and sovereign wealth funds. They…
Manuela Sperandeo and Stuart Doole explore the innovations driving the ETF Market and Index investing more broadly, examining the latest trends and challenges facing investors. Source link
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