Author: News Room
By Nichola Groom (Reuters) – U.S. officials on Tuesday gave final approval for a company owned by billionaire Philip Anschutz to begin building a massive transmission line that will deliver wind energy from blustery Wyoming to power-hungry California. The “notice to proceed” from the U.S. Bureau of Land Management allows TransWest Express LLC to break ground on its $3 billion line after more than 15 years of development. About two-thirds of the project will be on federal lands. In a statement, the bureau said its approval of the 732-mile TransWest Express line was “a significant milestone in the Biden-Harris administration’s…
© Reuters. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo (Reuters) – Tesla (NASDAQ:) Inc has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker’s board. The proposals – disclosed in a filing on Thursday – also contain one investor resolution for the preparation of a key-person risk report from the company whose reliance on CEO Elon Musk has raised concerns. Tesla shareholders usually vote largely in line…
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Dear Quentin, I’m a 67-year-old widower with a credit score of around 800. I’ retired and live off of Social Security of $1,440 a month. I live rent-free, and my car is paid off. I pay my credit cards off each month. About 18 years ago, I went bankrupt for the second time. To re-establish my credit I got not-so-great…
By James Glynn SYDNEY–Australian business conditions slipped in March but continue to track at levels above long-run averages, according to the latest monthly survey of business by the National Australia Bank. The latest NAB survey indicated some encouraging signs that some upstream price pressures, which have driven inflation over the last year, are now cooling appreciably. Business conditions weakened 2 points to +16 index points in March, while business confidence rose 3 points to -1 index point, according to NAB. Employment conditions fell 2 points to +10 index points and profitability was down 1 point to +13 index points, while…
As the three-ring circus of rising interest rates, inflation, and bank failures plays out, investors may be searching for opportunities that are less exposed to the performance of the overall economy. Corporate spinoffs and separations are worthy of consideration. Some recent spins have been notable successes. Shares of General Electric (ticker: GE) and the recently spun off GE HealthCare Technologies (GEHC) are up 44% and 38%, respectively, year to date. Investors who bought GE stock 12 months ago are up more than 70% on their holdings. The S&P 500 and Dow Jones Industrial Average are down about 9% and 3%…
Why the Manhattan DA is suing this GOP congressman Manhattan District Attorney Alvin Bragg is suing House Judiciary Chairman Jim Jordan over what the lawsuit describes as a “transparent campaign to intimidate and attack” his office’s case against former President Donald Trump. CNN’s Manu Raju and CNN’s Laura Coates, a former federal prosecutor, weigh in. Read the full article here
Carlyle Group has abandoned its long-planned investment in healthcare analytics company Cotiviti, according to people briefed on the matter, dealing a blow to the private equity firm as it struggles to raise cash for buyouts after upheaval in its top ranks.The deal’s demise took investors across Wall Street by surprise, since Carlyle had lined up $5.5bn in debt and a further $1bn preferred stock investment to finance the transaction.Cotiviti’s owner, Veritas Capital, another US-based private equity firm, had hoped to sell half of the business at an about $15bn valuation. Late in the process, Carlyle sought to lower its purchase…
I rate the Global X Internet of Things ETF (NASDAQ:SNSR) a Hold for the time being. SNSR is an ETF that invests in companies that are involved in the development, manufacturing, and distribution of IoT technologies. SNSR has the potential to benefit from the growth of the IoT market. The fund has almost 50% of its assets invested in its top 10 holdings, which reduces single-stock risk while emphasizing some of the most prominent businesses in the space. While I maintain a long-term bullish outlook on IoT companies, current market conditions, including high inflation and the possibility of further tightening…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Artificial Intelligence (AI) has been one of the biggest buzzwords in the world of technology for months now. Interestingly, it was also a huge point of interest in the world of finance, leading many to start investing in this sector, which is now considered to be the next big thing.While AI itself is extremely promising from the investors’ perspective, MindAI has decided to take things to the next level and combine it with another lucrative business — a cryptocurrency exchange.As it is well-known, the crypto industry has…
