The successful completion of 12 high-voltage electric transmission projects in the US West could dramatically reduce the region’s carbon emissions. It can cut power-sector emissions by 73% from 2005 levels by 2030, according to a recent study by the Pacific Northwest National Laboratory (PNNL). The study underscores the critical role that renewable energy and transmission infrastructure will play in achieving national climate goals, specifically President Biden’s ambition to transition to a 100% carbon-free power system by 2035. A Holistic Approach to Decarbonization The 12 transmission projects could unlock over 72 GW of new solar, wind, and battery storage capacity. It…
Author: user
Two new anti-ESG bills would install corporate lobbyists within the SEC and hamper shareholders and local governments. Source link
Two new anti-ESG bills would install corporate lobbyists within the SEC and hamper shareholders and local governments. Source link
India’s economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. India is set to become the world’s third-largest economy by 2027, according to its finance ministry . The country’s stock market has also been in the spotlight this year, overtaking Hong Kong to become the fourth-largest globally in terms of the total value of listed companies. India’s benchmark indexes have notched successive record highs throughout the year — the Nifty 50 and BSE Sensex indexes are almost 20% and…
This is a portion of US Steel’s Edgar Thomson Plant in Braddock, Pa., on Monday, Dec. 18, 2023. U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. (AP Photo/Gene J. Puskar)AP Source link
Getty; Chelsea Jia Feng/BIHedge fund manager Eric Jackson believes an ‘everything rally’ can take hold in the stock market.Jackson compared the current economic environment to the 1982 bull market, when rates dropped and the economy grew.Interest rate cuts, economic growth, and yield curve changes favor risk assets, according to Jackson.The stock market’s relentless rise higher could turn into an “everything rally,” according to hedge fund manager Eric Jackson of EMJ Capital.In an interview on Tuesday, Jackson told CNBC that the current environment of economic growth and interest rates is reminiscent of the early days of the 1982 bull market, which…
Image source: Getty Images The FTSE 100 is an interesting group to watch right now. It has been a mixed last 12 months for many UK large-cap stocks, with Rolls-Royce rocketing 140% higher while Rentokil has fallen 36% in the same period. The UK economy is also in an interesting place. Inflation looks to have moderated, further interest rate cuts look likely, and there are signs of growth. However, concerns around increased taxes and ongoing Brexit troubles provide a counterbalance. All of this has me thinking about a potential recession. As a long-term investor, I think it pays to always…
Reddit, Inc.’s (NASDAQ:RDDT) Chief Technology Officer, Christopher Brian Slowe, has sold a significant portion of his company stock, transactions totaling over $1 million. According to recent filings, Slowe completed multiple sales of Class A Common Stock on September 23, 2024. The reported sales were executed in a series of transactions at varying prices. The transactions ranged from $65.23 to $66.28 per share, with the total value of the sold shares amounting to approximately $1,049,181. These sales were conducted in accordance with a prearranged 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of…
Traders work on the floor of the New York Stock Exchange.NYSEFutures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak.Dow futures slipped 20 points, or 0.05%. S&P 500 futures rose 0.09%. Nasdaq 100 futures climbed 0.3%, boosted higher by shares of Micron Technology.The semiconductor manufacturer was trading 14% higher in extended trading after issuing strong guidance for the current quarter. Results for Micron’s fiscal fourth quarter also topped analysts’ estimates. Fellow semiconductor-linked stocks Applied Materials and Lam Research both rose 4% in sympathy.In Wednesday’s regular session, both the…
Image source: Getty Images While the UK economy is far from firing on all cylinders, the home-focused FTSE 250 index has climbed just under 7% in value since January (and 13% in the last 12 months). However, this is nothing compared to the performance of some of its constituents. Magical stock Harry Potter has been a literary phenomenon. Even so, I suspect many people won’t be aware that the company getting the books into readers’ hands is listed on our stock market. That’s Bloomsbury Publishing (LSE: BMY) and it’s been a superb investment for the last few years. Since September…