[ad_1] Wells Fargo analysts have downgraded the Utilities sector from Overweight to Neutral on Thursday, following a strong year-to-date (YTD) rally. Analysts had previously upgraded Utilities in late 2023, when negative sentiment was high and technical indicators suggested the sector was oversold. However, conditions have shifted, with Utilities returning 25.8% YTD, outpacing the S&P 500’s 19.1%. Wells Fargo’s team cited three key reasons for the downgrade. First, the sector no longer represents a non-consensus oversold group, as was the case during last year’s upgrade. Several peers have also recently upgraded the sector, signaling broader consensus. Second, the anticipated risk-aversion bid…
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[ad_1] Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors.That is slightly lower than what analysts expected. Sales were 4.2% lower than August 2023. It marks three straight months of sales below the 4 million mark, annualized.This count is based on closings — contracts that were likely signed in late June and July, when mortgage rates started coming down but were not as low as they are today. The average rate on the popular 30-year fixed loan was slightly over 7%…
[ad_1] Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy – What’s The Benefit?Plug Power Inc. (NASDAQ:PLUG) shares are trading higher today. The hydrogen solutions provider launched an equipment lease financing platform.The company aims to raise over $150 million in the near to mid-term through a combination of debt leverage and customer financing solutions.The platform is designed to unlock capital from Plug’s equipment assets and offer financing options to drive sales growth.In its initial step, Plug finalized three sale and leaseback deals totaling around $44 million with GTL Leasing, a portfolio company of Antin Infrastructure Partners.“It provides for immediate capital with…
[ad_1] A new campaign is being launched to help more older people start their own businesses.Startup School for Seniors has funding from local authorities across the country to offer an online course aimed at showing how an idea can be turned into a business.Hundreds of people have already registered, including women with caring responsibilities.Rest Less, which campaigns on behalf of older people, said its research found there were 787,688 women aged over 50 in self-employment last year, a 10% increase on 2022 and up 45% in 10 yearsSuzanne Noble, founder of Startup School for Seniors, said: “The Rest Less research…
[ad_1] By Krystal Hur, CNN New York (CNN) — Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow rose 464 points, or 1.1%. The S&P 500 gained 1.6%, topping the 5,700 level for the first time. The Nasdaq Composite added 2.3%. Tech stocks surged: Nvidia shares popped 4.6%, Tesla shares gained 5.1%, Meta Platforms shares rose 2% and Apple shares climbed 3.5%. The Fed on Wednesday cut rates by half a point, marking its first rate cut since the onset of the Covid pandemic and bringing rates down from a 23-year high.…
[ad_1] TALLAHASSEE, Fla. (WCTV) – The start of the new school year means the opportunity to highlight teachers in our community who go above and beyond for their students.A very special dedication is in store for WCTV and Envision Credit Union’s first “Teacher of the Month” which takes us to Bond Elementary School.Ms. Myioshi Walker-Brinson is a special education teacher for grades 3-5. She received this month’s award for her commitment to her students, no matter the cost.She is known by her peers to tutor her students after school for free and has even purchased things like diapers, clothes and…
[ad_1] The blasts that rocked Lebanon for a second day reached the doors of a walkie-talkie maker in Japan on Thursday, as Israel’s declaration of a “new phase” to the conflict raised fears of all-out war.At least 37 people, including two children, were killed and thousands more injured across Lebanon, the country’s health minister said early Thursday — a rising toll from a two-day wave of attacks that left the country reeling and the region on the brink.The stunning operation using walkie-talkies and pagers belonging to Hezbollah has left the Iran-backed militant and political group in disarray, with its leader…
[ad_1] Invesco S&P Global Water Index ETF (NYSEARCA:CGW – Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $60.23 and last traded at $60.23, with a volume of 6930 shares traded. The stock had previously closed at $59.71. Invesco S&P Global Water Index ETF Trading Down 0.5 % The firm has a 50-day simple moving average of $58.65 and a two-hundred day simple moving average of $56.88. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 28.12 and a beta of 0.90. Institutional Investors Weigh In On…
[ad_1] Regulators are cognizant of the disruptive impact and security threats posed by weak data governance (DG) and data management (DM) practices in the investment industry. Many investment firms are not developing comprehensive DG and DM frameworks that will keep pace with their ambitious plans to leverage new technologies like machine learning and artificial intelligence (AI). The industry must define legal and ethical uses of data and AI tools. A multidisciplinary dialogue between regulators and the financial industry at the national and international levels is needed to home in on legal and ethical standards. Steps Toward Data Efficiency and Effectiveness…
[ad_1] Rich Cimini, ESPN Staff WriterSep 19, 2024, 06:00 AM ETCloseRich Cimini is a staff writer who covers the New York Jets and the NFL at ESPN. Rich has covered the Jets for over 30 years, joining ESPN in 2010. Rich also hosts the Flight Deck podcast. He previously was a beat writer for the New York Daily News and is a graduate of Syracuse University. You can follow him via Twitter @RichCimini.FLORHAM PARK, N.J. — Sauce Gardner doesn’t do vacations. The New York Jets cornerback doesn’t believe in them. The idea of chilling at a five-star resort, sipping fruity…