[ad_1] By Pratyush Thakur and Mike Stone(Reuters) -Defense contractor Lockheed Martin (LMT) on Tuesday joined rival RTX in lifting annual profit and sales forecasts, driven by strong demand for military equipment amid escalating global tensions.The Bethesda, Maryland-based company now expects per-share profit of $26.65 for 2024, above its earlier forecast of $26.10 to $26.60.It also sees full-year sales of $71.25 billion, slightly above the midpoint of its earlier forecast of $70.50 billion to $71.50 billion.Conflicts in the Middle East and the protracted Russia-Ukraine war have resulted in nations boosting their defense spending, which has benefited arms manufacturers.However, Lockheed’s flagship F-35…
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[ad_1] Tuesday, EF Hutton initiated coverage on Quince Therapeutics Inc. (NASDAQ: QNCX), a biotech company focused on precision therapeutics for rare diseases, with a Buy rating and a $12.00 price target. The firm highlighted the company’s lead product, EryDex, for the treatment of Ataxia-Telangiectasia (A-T), an ultra-orphan genetic disorder. Quince Therapeutics has been recognized for its innovative approach in the biotechnology space, particularly for its work on EryDex. This novel therapy is designed to administer steroids through red blood cells, avoiding the systemic toxicity typically associated with steroid use. The controlled and sustained release of dexamethasone is aimed at alleviating…
[ad_1] The U.S. Securities and Exchange Commission (SEC) announced that it has charged ETF provider and asset manager WisdomTree with making misstatements and compliance failures after finding that funds marketed by the firm as incorporating ESG factors failed to comply with their own criteria, by investing in companies involved in fossil fuel and tobacco activities. According to the SEC and a filing by WisdomTree, three ETFs managed by the firm that pursued ESG-focused strategies represented in their prospectuses from March 2020 until November 2021 that the funds would screen out investments in companies involved in products and activities including fossil…
[ad_1] Agriculture Capital has hired a former Equilibrium Capital executive to serve as partner as it looks to build on its history in regenerative agriculture through carbon credit sales. Ben Vitale The San Francisco-headquartered firm said in a statement that Ben Vitale will lead a scale-up of the firm’s institutional grade carbon removals. It described a role that will utilize his three decades in carbon and environmental commodities in helping corporates help meet net-zero goals. Vitale told Agri Investor the role will include putting in place commercial agreements to monetize regenerative practices the firm has implemented since its founding in…
[ad_1] Image source: Getty Images Once again, I find myself counting my pennies and scouring the FTSE 250 for my next big dividend buy. There’s nothing I love more than checking my dividend statement at the end of the month and calculating my passive income. It’s satisfying to see my money hard at work for me. But I’ve made mistakes in the past and my portfolio still holds a few duds. I live in eternal hope that they one day recover. So when I buy dividend stocks these days, I make sure to analyse the companies more closely. The yield…
[ad_1] Tracking Carbon Offsets with Blockchain for an Amazing Greener Future In 2024 And BeyondInnovative technologies like blockchain are stepping up to help us track and reduce carbon emissions in a world increasingly aware of climate change. This article explores how blockchain can transform carbon offset tracking, making it more transparent, efficient, and accessible for everyone. Key Takeaways Blockchain ensures transparency in carbon offset tracking, making it easy to see where emissions come from. By tokenizing carbon credits, blockchain allows for easier trading and participation in green projects. Smart contracts can automate compliance with environmental regulations, simplifying processes for businesses.…
[ad_1] BOGOTA – GeoPark Limited (NYSE: NYSE:), an independent oil and gas company operating in Latin America, has received regulatory approval from Argentina’s Comisión Nacional de Valores (CNV) to issue up to $500 million in debt securities over the next five years. Alongside this development, GeoPark Argentina, a subsidiary of the company, has been assigned an AA+(arg) credit rating by Fitch Ratings’ local Argentine affiliate, FIX. The positive credit rating reflects GeoPark Argentina’s solid performance and potential following its recent acquisition of four unconventional blocks in the Vaca Muerta shale formation. The company’s reserves, production capacity, and cash flow, particularly…
[ad_1] KEY TAKEAWAYS U.S. rules that will limit some American investing into sensitive technologies including artificial intelligence (AI) in China are imminent, with a federal government update in the last review stage.The final rules will be released in the “next week or so,” according to Reuters.The rules follow an executive order signed by President Joe Biden in August 2023 limiting U.S. investing in China that could strengthen the Asian nation’s military while weakening American national security. U.S. rules that will limit some American investing into sensitive technologies including artificial intelligence (AI) in China are imminent, with a U.S. government update…
[ad_1] (Reuters) -Verizon added more wireless subscribers than expected in the third quarter as the U.S. telecom giant’s promotional offers and plans that bundle 5G with streaming services such as Netflix helped attract customers.Growing adoption of the company’s myPlan, a customizable offering that includes streaming perks such as Disney+, Hulu and Max for an extra cost, has helped Verizon stay resilient in the competitive U.S. telecom market.The company added 239,000 net monthly bill-paying wireless phone subscribers in the September quarter, compared with expectations of 218,100 additions, according to FactSet. It posted 148,000 additions for the June quarter.Postpaid phone churn, or…
[ad_1] Image source: Getty Images Can the FTSE 100 make investors rich? Many people probably write it off as a chugging dividend payer full of stodgy but well-established businesses. The fast action is in the US market, some would argue, where mighty tech companies are defying the laws of valuation and rocketing higher without a care in the world. Home-grown outperformers However, the Footsie has within its ranks some powerful market movers that have been leaving the performance of the overall index far behind. To my shame, I’ve been asleep at the wheel with one of them. But had I…