DevvStream, a Nasdaq-listed firm focused on carbon reduction and removal, has allocated $10 million to Bitcoin (BTC) and Solana (SOL) to support its carbon credit tokenization initiative. This strategic move underscores the company’s commitment to leveraging blockchain technology to enhance transparency, liquidity, and accessibility in the carbon credit market. The investment reflects growing institutional interest in crypto assets and highlights the potential for digital innovation to address global environmental challenges [1].Carbon credit tokenization involves converting traditional carbon credits into blockchain-based digital tokens. This transformation allows for fractional ownership, automated transactions via smart contracts, and real-time tracking of each credit’s lifecycle,…
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Wall Street strategists are sharply recalibrating their economic outlooks after Friday’s July jobs report showed weaker-than-expected hiring and staggering downward revisions to prior months’ data, suggesting the labor market may be losing steam at a quicker pace than previously thought. The US economy added just 73,000 jobs in July, far below the 104,000 expected by economists. But the bigger surprise came from revisions to the May and June figures, which collectively erased 258,000 jobs. This marked the largest two-month downward revision since May 2020. Sarah House, senior economist at Wells Fargo, called the July jobs report “a dud” in a…
raw material and mineral rare earth news Source link
Image source: Getty Images A chunky monthly income without working for it sounds great. But realistically, it would require £480,000 invested in the stock market in order to earn, say, £2,000 a month as a second income. That’s built on owning a portfolio invested in stocks or bonds that collectively delivers a 5% yield. Of course, unless perfectly planned, these stocks are unlikely to actually deliver £2,000 every month. Stocks typically pay their dividends once or twice a year, and this can result in investors receiving more in some months and less in others. However, the path to achieving £24,000…
Gold (GC=F) futures opened at $3,342.70 per ounce Friday, up 1.5% from Thursday’s close of $3,293.20. This week, the price of gold has ranged from a low of $3,263.90 on Wednesday to a high of $3,352, reached in early trading Friday. Gold’s early strength follows President Donald Trump’s announcement of new tariffs ranging from 10% to 41% for countries around the world. The tariffs go into effect on August 7 or October 5, depending on when the goods were loaded onto ships. One exception is Mexico. Trump announced on social media Thursday that he extended Mexico’s trade negotiation deadline for…
Image source: Getty Images When trading begins on Monday (4 August), I suspect the Lloyds Banking Group (LSE:LLOY) share price will rise following today’s (1 August) judgement by the Supreme Court. After the market closed, it rejected (in part) previous rulings made by the Court of Appeal that it was unlawful for car dealers to receive a commission from the lender unless it was properly disclosed and agreed with the customer. Previously, we’ve seen how sensitive investors can be to the issue. On 25 October 2024, the bank’s shares fell 7% after the original ruling was made. Possible implications As…
Rolls-Royce reported a 50% jump in underlying operating profit to £1.7 billion in the first half of 2025. The operating margin rose to 19.1%, up from 14% last year. This increase shows the effect of strategic changes, smarter operations, and cost discipline. Revenue grew by 10.8% to £9.06 billion and free cash flow hit £1.58 billion, driven by higher profits and solid performance from long-term service agreements (LTSA). Its market value topped £90 billion for the first time, placing it among the top five firms in the FTSE 100. Source: Rolls-Royce CEO Tufan Erginbilgic, said: “Our multi-year transformation continues to…
(Bloomberg) — Treasuries jumped as weak jobs and manufacturing data bolstered bets on Federal Reserve rate cuts. Stocks extended their weekly slide, with investors also weighing the impacts of President Donald Trump’s sweeping tariffs on the economy. Most Read from Bloomberg US two-year yields plunged 22 basis points to 3.74%, set for the biggest tumble since August 2024. Money markets are now fully pricing in two rate cuts this year, with a 76% chance of the first one coming in September. The dollar sank. The S&P 500 fell 1.4%, with Amazon.com Inc. leading losses in megacaps on an underwhelming profit…
Carbon credit retirements from companies participating in the voluntary carbon market hit a four-month high in July, reflecting… Source link
TORONTO, July 29, 2025–(BUSINESS WIRE)–CI Financial Corp. (“CI” or the “Corporation”) (TSX: CIX) is pleased to announce that all regulatory approvals required to close CI’s previously announced plan of arrangement under the Business Corporations Act (Ontario) whereby, among other things, an affiliate of funds managed by Mubadala Capital will acquire, directly or indirectly, all of the issued and outstanding common shares of the Corporation (the “Arrangement”) have now been obtained. The Corporation expects the Arrangement to close on or about August 12, 2025, subject to the satisfaction of the remaining customary conditions to closing. For additional details regarding the Arrangement,…