Reported 20 days ago
European Union lawmakers have agreed to significantly reduce the scope of sustainability directives, driven by lobbying from major member states. The Corporate Sustainability Reporting Directive (CSRD) will now only apply to companies with at least 1,000 employees and a revenue threshold of €450 million, while the Corporate Sustainability Due Diligence Directive (CSDDD) will target firms with at least 5,000 employees and €1.5 billion in annual revenue. Business groups argued that the original directives could harm European competitiveness. Nonprofits warn that these cuts undermine the EU's sustainability objectives, compromising access to crucial data for advancing clean technology.
Source: YAHOO
Reported 20 days ago
Despite a recent market crash that resulted in significant losses, a survey shows that 66% of crypto investors intend to increase their holdings in the next six months. While Bitcoin’s volatility persists, many believe its long-term growth potential outweighs current risks, prompting optimism among investors as they expect the market to rebound.
Source: YAHOO
Reported 20 days ago
Broadcom's stock surged following its partnership with OpenAI, while major U.S. stock indexes rose after hints of policy easing from Trump on China. Warner Bros. Discovery saw its shares jump after fending off a low takeover bid from Paramount Skydance. Bloom Energy also experienced significant gains due to a $5 billion investment from Brookfield in its technology for AI factories. Conversely, Fastenal's shares fell after disappointing profit results, and General Mills reached a 52-week low amid a downturn in the Consumer Staples sector.
Source: YAHOO
Reported 20 days ago
Despite the SEC easing guidelines to help US companies go public amid a government shutdown, most IPOs remain stalled. While some firms like Navan Inc. are attempting to launch, the 20-day waiting period for registration poses significant risks, leaving few companies eager to proceed. Analysts warn that with upcoming holidays and financial reporting requirements, the fourth quarter could see a disappointing IPO volume.
Source: YAHOO
Reported 20 days ago
Idling can significantly impact small fleets' profits, as it incurs hidden costs that many operators may not consider. While idling can sometimes be necessary for engine protection, cargo safety, or driver comfort, excessive idling without reason leads to wasted fuel and increased wear on vehicles. It's essential for operators to track idle times, train drivers to minimize idling, and implement policies to manage it effectively to protect their margins.
Source: YAHOO
Reported 20 days ago
Source: YAHOO
Reported 20 days ago
Smarter Web Company, the UK’s leading publicly traded Bitcoin holder, has acquired an additional 100 BTC for $12.1 million, bringing its total BTC holdings to 2,650 with a current value of $219.5 million. The company aims for long-term growth through its '10 Year Plan' and is exploring opportunities to purchase distressed Bitcoin holdings from struggling competitors. Despite some market skepticism and volatility concerns, Smarter Web Company is committed to its treasury strategy, potentially positioning itself as a dominant player in the UK Bitcoin treasury landscape.
Source: YAHOO
Reported 20 days ago
Caterpillar has agreed to acquire Australian software company RPMGlobal Holdings to improve its mining technology offerings. This acquisition aims to address customer needs and enhance mine operations with RPMGlobal's data-driven software solutions. The deal, which awaits approval from RPMGlobal shareholders and regulators, is expected to finalize in early 2026.
Source: YAHOO
Reported 20 days ago
The Financial Conduct Authority (FCA) of the UK is closely observing the repercussions of the bankruptcy of US auto parts manufacturer First Brands Group, highlighting the emerging risks in the private credit market that could impact the UK's financial stability. The company's collapse, along with the bankruptcy of subprime lender Tricolor, raises concerns about unregulated lending practices and the hidden debts in the auto sector. While the FCA deems the immediate risk to UK institutions as low, they stress the importance of transparency in these financial markets, given the potential for broader implications in the UK and EU.
Source: YAHOO
Reported 20 days ago
JPMorgan Chase has announced a plan to invest up to $10 billion in U.S. companies vital for national security, as part of a broader $1.5 trillion pledge. This 10-year initiative aims to support sectors such as defense, energy, and manufacturing, responding to growing concerns about reliance on foreign supply chains. The investment strategy will include direct equity and venture capital, and comes amid U.S. efforts to modernize infrastructure and promote economic resilience.
Source: YAHOO
Reported 20 days ago
JPMorgan has launched a massive $1.5 trillion, 10-year initiative aimed at enhancing sectors critical to U.S. national interests, which includes plans for up to $10 billion in direct investments to foster growth and innovation in select companies. CEO Jamie Dimon emphasized the need for the U.S. to reduce its reliance on foreign sources for essential materials and manufacturing, highlighting the importance of resilience for national security. The initiative targets areas such as supply chain, defense, energy independence, and strategic technologies.
Source: YAHOO
Reported 20 days ago
In an interview with Bloomberg, Erik Hirsch, Co-CEO of Hamilton Lane, addresses concerns about a potential private credit bubble, asserting that questionable lending practices are primarily associated with banks rather than private credit firms.
Source: YAHOO
Reported 20 days ago
Tesla's stock has rebounded following positive news from its Shanghai gigafactory, which has begun ramping up production for the fourth quarter. This increase comes as Tesla noted strong sales in September, selling 71,525 vehicles, with a notable boost from the new Model YL SUV. The rise in demand from China and positive market trends helped Tesla's shares soar over 30% last month, despite concerns over a potential slowdown in U.S. sales due to changes in tax credits.
Source: YAHOO
Reported 20 days ago
A report from Edmunds reveals that 26.6% of new car trade-ins are 'underwater,' the highest rate in four years, indicating many owners have more debt than their cars are worth. To avoid this, buyers are advised to purchase used cars, make larger down payments, choose shorter loan terms, and purchase vehicles that fit their budget. For those already underwater, options include refinancing, making extra payments, or considering gap insurance.
Source: YAHOO
Reported 20 days ago
Beyond Meat Inc. saw its stock plummet by over 48%, marking its worst decline since going public in 2019, as the company announced a debt swap accepted by nearly all creditors that will significantly dilute existing shareholders. The plan involves issuing 316 million new shares, which could result in creditors owning 88% of the company if all notes are converted. This comes amid falling consumer demand for plant-based products and a 20% drop in sales last quarter.
Source: YAHOO
Reported 20 days ago
President Trump has threatened a 100% tariff on Chinese imports, causing a significant drop in stock prices. He later attempted to calm concerns by reassuring markets on social media. Experts believe that these moves may be part of a strategy to manage expectations ahead of a potential meeting with President Xi in South Korea, with a focus on securing agricultural deals amid pressures from Republican states facing agricultural crises.
Source: YAHOO
Reported 20 days ago
Treasury Secretary Scott Bessent remains optimistic about a meeting between Presidents Trump and Xi despite escalating trade tensions. He noted significant communication between the two nations after China's recent export restrictions on rare earths, emphasizing that the U.S. is ready to explore all options for retaliation and is hopeful for de-escalation. Meetings with Chinese officials are scheduled, and Bessent believes China may be open to discussions.
Source: YAHOO
Reported 20 days ago
OpenAI has partnered with Broadcom to design its own artificial intelligence chips, with plans to deploy customized AI accelerators by late next year. This partnership follows previous collaborations with Nvidia and AMD for specialized chips, as well as agreements with Oracle and CoreWeave for data center support. Despite not being profitable yet, OpenAI reports over 800 million weekly users. CEO Sam Altman emphasized the importance of custom chips for scaling computing power in the AI field.
Source: YAHOO
Reported 20 days ago
David Chan, the Chief Financial Officer and executive president of Lanvin Group, is stepping down to pursue new opportunities. His resignation comes amidst challenges for the company, which has seen a significant decline in stock value following its SPAC merger and faces broader issues in the luxury market. Chan has played a crucial role in the company's development since its establishment in 2017, and while he officially leaves on October 27, he may remain as an advisor. Lanvin Group is currently navigating a transition period as it prepares for future growth.
Source: YAHOO
Reported 20 days ago
Source: INVESTORS
Reported 20 days ago
Source: INVESTORS
Reported 20 days ago
Energy Fuels' stock surged 18% due to China's tightening of rare-earth export controls, raising concerns over supply chains. The U.S. Defense Department announced plans to stockpile critical minerals, coinciding with JPMorgan Chase's $10 billion investment in essential industries. Despite positive momentum, analysts caution that Energy Fuels remains too expensive to buy at its current valuation.
Source: YAHOO
Reported 20 days ago
Digital asset investment products saw substantial weekly inflows of $3.17 billion, bringing the year-to-date total to a record $48.7 billion, prior to a dramatic market downturn triggered by Donald Trump's tariff announcements. Despite impressive volumes, with Bitcoin ETFs reaching a total of $158.96 billion in net assets, the market experienced its largest liquidation in history, with Bitcoin prices falling sharply after the tariff news.
Source: YAHOO
Reported 20 days ago
Power Integrations, a specialized chipmaker, is collaborating with Nvidia to support the latter's initiative to boost the voltage in AI data centers to 800 volts of direct current. This shift aims to reduce energy loss during power distribution within the centers, which can consume as much electricity as entire cities. Power Integrations leverages its gallium nitride (GaN) chips, known for their space efficiency and reliability—qualities that have earned the company a place on Nvidia's approved supplier list.
Source: YAHOO
Reported 20 days ago
Source: INVESTORS