New findings from BeZero Carbon, a leading global carbon ratings agency, underscore a burgeoning trend in the carbon market: credits linked to the United Nations’ Sustainable Development Goals (SDGs) are fetching notably higher prices.In 2023, the data reveals a striking difference in pricing. Carbon credits with SDG-related claims were sold for a 106% premium on the price of those without such claims. This trend has been consistent over time, with an average premium of 31% observed from January 2021 through August 2024.The price disparity is even more pronounced when considering the carbon ratings of these credits. Credits rated ‘AA’, indicating…
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Image: Amanda Stronza (Getty Images)For the U.S. economy to remain on top, companies need to throw more money behind various innovations like artificial intelligence, according to billionaire businessman Mark Cuban.In an interview with CNBC on Thursday, Cuban said “investing [in AI] is critical. There’s no question about it.”“Our military dominance, our place in the world — depends on our ability to invest in artificial intelligence,” Cuban said on CNBC’s (CMCSA) Squawk Box.“We need to do more, we cannot lose that battle or we lose everything,” Cuban added, saying that investing in AI will be a factor that “defines our currency,…
Seventy-four percent of Hispanic and Latina women and 69% of Black women credited building generational wealth as their motivation to start investing, finds J.P. Morgan Wealth Management Source link
Charles SchwabSchwab Asset Management is splitting shares on two-thirds of its 33 exchange-traded funds, aiming to stimulate sales with lower share prices.The company announced this week an effort to make 20 of its exchange-traded funds more appealing to financial advisors and retail investors by reducing the net asset values through share splits.The impacted ETFs, ranging from a 4-for-1 split by the Schwab US Large Cap Growth ETF (SCHG) to a 2-for-1 split by the Schwab International Equity ETF (SCHF), will not change the total value of a shareholder’s investment.Schwab ETF Split: List of FundsThe list of ETFs subject to share…
(Reuters) – Sports betting company DraftKings (NASDAQ:) has agreed to pay a $200,000 penalty for selectively disclosing material non-public information on social media accounts rather than to all investors, the U.S. Securities and Exchange Commission announced on Thursday. In posts on X and LinkedIn in July of last year, the company’s public relations firm boasted of DraftKings’ “strong growth” even though the company had not released its second-quarter financial results, according to the SEC. The company then asked for the posts to be deleted but did not disclose relevant information to all investors for a week, the agency said in…
Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty ImagesWith its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future.The Treasury market, though, hasn’t been paying attention.Despite the Fed approving a half percentage point reduction in its baseline short-term borrowing rate, Treasury yields instead have been moving higher, particularly at the long end of the curve.The 10-year note yield, considered the benchmark for government bond yields, has leaped about 17 basis points since the…
BRASILIA (Reuters) – Ratings agency Fitch said on Thursday that Brazil’s better-than-expected economy has not translated into stronger public finances, forecasting a tougher 2025 and a steeper rise in the country’s public debt. Fitch said in a report that Brazil’s strong recent economic performance may be partially driven by the government’s relaxed fiscal stance. If fiscal performance was weak when economic growth was strong, it could deteriorate further in an unexpected slowdown, the ratings agency said. “Uncertain consolidation prospects are therefore a key macroeconomic vulnerability constraining Brazil’s ‘BB’/Stable sovereign rating,” it added. All three major ratings agencies have either upgraded…
Amazon, alongside five other major companies, has committed to purchasing carbon offset credits to support the preservation of the Amazon rainforest in the Brazilian state of Para. This agreement, valued at around $180 million, marks a significant step toward protecting one of the world’s most vital ecosystems in the fight against climate change. Amazon LEAF Coalition’s First Amazon Deal The carbon credits will be purchased through the LEAF Coalition, a forest conservation initiative co-founded by Amazon in 2021 in partnership with other companies and governments, including the United States and the United Kingdom. This deal is the LEAF Coalition’s first…
U.K. Prime Minister Keir Starmer speaks with Jonathan Gray, president and COO of Blackstone, after a … [+] breakfast meeting with business leaders at the consul general’s residence on September 26, 2024 in New York, New York.Getty Images Blackstone has committed to investing £10 billion ($13.4 billion) in the U.K. to build one of Europe’s largest artificial intelligence data centers, Britain’s government has announced. The investment promises to create 4,000 jobs at a site in Blyth, Northumberland. The land had been bought by Blackstone after the collapse of Britishvolt, which had intended to use the site for manufacturing batteries for…
They say the world’s wealthiest look after the pennies, so the pounds look after themselves. So if you’re looking to build your own fortune, you could do a lot worse than consulting Citi Private Bank’s Global Family Office 2024 Survey. The results provide a behind-the-scenes look at the investments of the very well-off, as well as their money managers’ current views on the financial markets. I’ve pulled together my top takeaways and given my take, so you can see how the other half invest.What’s a family office?Ultra-high-net-worth individuals and families are typically classed as those with at least $100 million…