November 10, 20240 Comments

Emerging-market energy transition likely to take time By Investing.com

Investing.com — While North America and Europe have been reducing their reliance on coal for decades, emerging markets are still heavily dependent on it, note analysts at Wells Fargo (NYSE:).  The bank said in a memo this week that China and India, now the world’s largest coal consumers, have seen their consumption surge, even as Western economies pivot toward renewable energy.  Since 2005, coal use in North America and Europe has

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November 10, 20240 Comments

Sweden picks Embraer’s C-390 as new military cargo aircraft By Reuters

RIO DE JANEIRO (Reuters) – Sweden has selected Embraer’s C-390 Millennium as the country’s new military cargo aircraft, the Brazilian planemaker said on Saturday. The deal marks the first purchase of the C-390 by a country in northern Europe, Embraer said in a statement. Expanding its presence abroad with more sales of the C-390 has been a key goal of Embraer’s defense unit. Sweden is the sixth European nation to

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November 9, 20240 Comments

5 ways Trump will change AI according to Deutsche Bank By Investing.com

Investing.com — Donald Trump’s anticipated second term could redefine the trajectory of AI space in the United States. While there was a strong continuity between Trump’s AI policies in his first term and Joe Biden’s term, the former president’s rapport with tech executives, criticism of regulation, and a tougher stance against China “suggest a change in approach is imminent,” according to Deutsche Bank (ETR:) analysts. With rapid developments in generative

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November 9, 20240 Comments

UMG says Pershing does not have right to require Amsterdam delisting By Reuters

(Reuters) -Universal Music Group (UMG (AS:)) said on Saturday that billionaire Bill Ackman’s Pershing Square has no right to require the record label to become a U.S.-domiciled company or delist from Euronext (EPA:) Amsterdam. Ackman had said in a post on X on Friday he would seek to delist investment firm Pershing Square, which holds a stake of around 10% in UMG according to LSEG data, and move the record

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November 9, 20240 Comments

Is QT a threat to markets? By Investing.com

Investing.com — In a note to clients this week, analysts at Alpine Macro assessed Quantitative Tightening (QT), noting it continues as the Federal Reserve reduces its balance sheet, which has already shrunk by $2 trillion since June 2022. The firm said that the contraction has led to a recent spike in money market rates, raising questions among investors about potential risks to financial markets. Alpine stated that the rapid decline in

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November 9, 20240 Comments

BofA unpacks potential impact of US election on Consumer Finance stocks By Investing.com

Investing.com — As the U.S. election approaches, Bank of America analysts examined its potential impact on Consumer Finance stocks in a recent research memo.  The bank argued that while policy differences exist between candidates, “the health of the broader U.S. economy” will ultimately be more influential in driving sector fundamentals, particularly regarding unemployment and consumer financial health. One significant area of concern is said to be the regulatory environment surrounding mergers

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November 9, 20240 Comments

Exclusive-Toyota aims to ramp up China production in a strategy pivot, sources say By Reuters

By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development, The plan, which has not been previously reported, represents a strategic pivot by the world’s top selling automaker in the world’s largest

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November 9, 20240 Comments

Investing.com’s stocks of the week By Investing.com

Investing.com — With earnings releases well underway and investors reacting to the U.S. election this week, various stocks, including some major names, have made significant moves. Here are Investing.com’s stocks of the week: Tesla (NASDAQ:)  Shares of Elon Musk’s electric vehicle giant Tesla surged following the election results, adding more than 6% (at the time of writing) on Friday. The stock is rose more than 25% in the last week as

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