Palantir And APA Amp Up AI Alliance: Multi-Million Dollar Deal To Transform Oil & Gas OperationsPalantir Technologies Inc. (NYSE:PLTR) inked a multi-year, multi-million-dollar extension of an earlier deal with APA Corporation (NASDAQ:APA).This deal extension builds on three years of collaboration across oil and gas company APA’s global portfolio and introduces new AI capabilities through Palantir’s Artificial Intelligence Platform (AIP) software.Over the past three years, Palantir has partnered with APA to deploy its software for operational planning, supply chain, maintenance, production optimization, and contract management.Palantir’s AIP software has helped APA seize opportunities, improve equipment reliability with real-time monitoring, optimize logistics, and…
Author: user
Morgan Stanley has revised its outlook on the U.S. auto industry, lowering it from Attractive to In-Line, citing headwinds such as rising inventory levels, affordability concerns, and increasing competitive pressure from China, which has shifted from being a source of demand to one of global oversupply. The report highlights that China’s automotive industry is now producing around 9 million more units than it consumes, exerting pressure on global markets. Morgan Stanley warns that this excess capacity is likely to find its way into other regions, intensifying competition for U.S. automakers. “Even if these units don’t end up directly on U.S.…
It’s a big deal.Bike-share operations provider Bicycle Transit Systems is acquiring BCycle from Trek in a bid to compete with Lyft.Bicycle Transit’s relationship with BCycle goes back nearly a decade — the firm uses BCycle bikes for the three bike-share systems it operates in Los Angeles, Philadelphia and Las Vegas. When the new acquisition finalizes next month, Bicycle Transit will add to its portfolio BCycle’s operations in 10 cities and equipment provider deals in 15 others.By combining manufacturing, operations and public-facing brand, Bicycle Transit-operated systems will use fewer subcontractors than even Lyft, which has bike manufacturing, software and product development…
Image source: Getty Images Major FTSE 100 property sales and rentals company Rightmove (LSE: RMV) has rejected a third and likely final offer from Australian outfit REA Group. On Wednesday (25 September) it turned down the £6.1bn offer despite it representing a 37% premium on the share price. According to reports, it felt the proposal “materially undervalues” the company. REA Group is owned by Robert Murdoch’s NewsCorp and operates a similar business model to the UK business, providing an online property portal for renters and buyers in Australia. A successful merger in the UK could make it the largest company…
The lithium sector focuses on companies involved in the exploration, extraction, and processing of lithium. This metal is crucial for batteries used in electric vehicles and energy storage systems. Lithium stocks represent ownership in these companies, ranging from miners to battery manufacturers. The sector has gained attention due to the growing demand for electric vehicles and renewable energy solutions. Investing in lithium stocks can offer potential benefits as the world transitions to cleaner energy sources. The increasing adoption of electric vehicles may drive long-term demand for lithium. Some lithium companies have partnerships with major automakers, potentially securing future revenue streams.…
Oppenheimer has maintained its positive stance on WillScot (NASDAQ:) Mobile Mini (NASDAQ:) Holdings Corp. (NASDAQ: WSC), reiterating an Outperform rating and a $46.00 price target. The firm expects the company to continue growing its adjusted EBITDA in the third quarter of 2024, driven by rental rate increases that should compensate for a year-over-year decline in volume. The analyst noted that while cyclical pressures are moderating the company’s overall growth trajectory, the long-term growth potential remains unaffected. WillScot is well-positioned to capitalize on opportunities arising from the manufacturing sector’s reshoring activities and the allocation of infrastructure bill funds. Additionally, the company’s…
Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities Source link
DNY59 / iStock.comFollowing a long period of heightened anticipation, interest rates have finally dropped — and they could keep dropping. According to some experts, rates could drop to the mid-5% range or even the high 4s by the end of 2024.Find Out: 5 Ways To Pick Your Next Investment, According to ExpertsFor You: 9 Easy Ways To Grow Your Wealth in 2024Now that interest rates have fallen, both new and seasoned investors may be wondering what assets they should invest in. GOBankingRates spoke with financial experts to learn about several intriguing options.Earning passive income doesn’t need to be difficult. You…
The Vanguard Extended Market ETF (VXF) was launched on 12/27/2001, and is a passively managed exchange traded fund designed to offer broad exposure to the Mid Cap Blend segment of the US equity market. Source link
Research identifies East Kootenay raw material as potential source for electric cars, wind turbines A research study has identified coalfields in the East Kootenay region of B.C as being a potential source for rare earth elements, which are used in the production of electric car batteries and wind turbines. The study, completed by researchers from the University of British Columbia and funded by non-profit geology organization Geoscience B.C., examined more than 100 samples from coal deposits in East Kootenay and found elevated levels of certain rare earth elements, predominantly monzonite, xenotime and zircon. Average levels ranged from 190 parts per…