Beijing’s rush for cheap Mongolian supplies speaks to an industry under pressure. Source link
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Nvidia’s (NVDA) ultra-bullish trend in the first half of the year has paused, with the stock failing to reach new peaks over the past few months. Following the highly anticipated Q2 earnings report at the end of August, Nvidia stock experienced a pullback due to elevated investor expectations for hypergrowth, despite the strong results it posted. I believe this price correction offers a compelling opportunity. In this article, I will outline five reasons for my bullish view on Nvidia, focusing on strong revenue growth (despite tough comps), AI dominance, valuation, technical indicators, and Wall Street analyst consensus.Let’s dive in.1. Nvidia’s…
VIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) — Armada Hoffler (NYSE: AHH) today announced that it has priced an underwritten public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters’ discounts and commissions and offering expenses) of approximately $94.5 million. The offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares at the public offering price, less the underwriting commissions. The Company intends to use the net proceeds from the offering to repay…
ZTE (HK:) Vice President Summer Chen was invited to deliver a keynote speech at SDG Digital “A Digital Future for All” at United Nations HeadquartersZTE reinforces its strong commitment to advancing meaningful global connectivity and digital transformation, and to accelerating progress on the UNSDGsNEW YORK, Sept. 25, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, recently announced that Summer Chen, Vice President at ZTE, was invited to participate in SDG Digital and delivered a keynote speech at “A Digital Future for All” at United Nations Headquarters. During her speech,…
Kamala Harris’s career includes stints as attorney general of California, as a senator and now as vice-president.During this time, her political position has been fluid and she has not been tethered to an ideological wing of the party in the way that Joe Biden defined himself as a centrist.Here is where Ms Harris stands on the most important issues ahead of the 2024 election.AbortionAbortion is one of the areas where the Democrats – and Ms Harris – are strongest. The vice-president has been the party’s leading voice on reproductive rights.She has always been more comfortable talking about the topic than…
MEXICO CITY (Reuters) -After already battering Mexico’s Guerrero state, a strengthening Tropical Storm John is on track to turn back into a hurricane, the U.S. National Hurricane Center (NHC) said on Wednesday, hurtling back towards communities across the Pacific coast. John first made landfall on Monday at major hurricane strength, triggering flooding and landslides that crushed homes while leaving at least five dead. Its remnants brought intense rains across several states, home to major ports and beach resorts, before strengthening again. The storm moved back into the Pacific Ocean earlier on Wednesday and the NHC now forecasts John to again…
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A growing number of US businesses are holding off on major investments until they know the outcome of the upcoming presidential election. Some 30% of firms have postponed, scaled down or canceled investment plans because of uncertainty around the election, up from 28% last quarter, according to the latest CFO Survey of financial professionals published Wednesday by the Federal Reserve Banks of Atlanta and Richmond and Duke University’s Fuqua School of Business. “Relative to their non-impacted peers, impacted firms are less optimistic, are less likely to invest in expanding or maintaining capacity but more likely to invest in cost reduction, and expect…
Together, steel and concrete are responsible for 15% of global emissions (Bogdanhoda/Dreamstime) Close to 50% of companies around the world say they’d pay a premium for lower-emission steel and concrete. 45% of survey respondents said they’d be willing to pay a premium for emissions reductions of 25% or higher for steel, while 57% would be willing to do so for reductions exceeding 50%. For concrete, the numbers were 40% and 49%, respectively. The survey, conducted by engineering and design consultancy Ramboll and the non-profit Climate Group, received answers from 259 companies representing 21 industries in 42 countries, with a preponderance…
Some wealthier millennials and Gen Zers are over-saving for retirement.Getty ImagesNearly half of Americans retiring at 65 risk running out of money, Morningstar finds.Single women face a 55% chance of depleting funds, higher than single men and couples.Experts advise better tax planning and diversified investments to mitigate retirement risks.If you’re aiming to retire at the standard age of 65, buckle up because you’re going to want to hear this one.According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to…