EconomyEnvironment26 September 2024, 5:56 pm 1 minute Reuters exclusively reported that at least five African countries are working on what could be the world’s first joint “debt-for-nature” swap to raise at least $2 billion to protect a coral-rich swathe of Indian Ocean. Debt-for-nature deals are becoming increasingly popular for poorer nations to pay for conservation. Market ImpactEcuador, Barbados, Belize, Gabon and Seychelles have all made such swaps in recent years, but the African initiative would be the first to involve multiple countries sharing a distinct ecosystem. Article TagsTopics of Interest: EconomyEnvironmentType: Reuters BestSectors: Climate ChangeEconomy & PolicyRegions: AfricaWin Types: ExclusivityStory…
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Rich Greenfield, Lightshed Partners, joins ‘Fast Money’ to talk Netflix earnings. Source link
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024.David A. GroganBillionaire Warren Buffett’s Berkshire Hathaway has unloaded more Bank of America stock as it continues to trim stake in the U.S. banking giant, according to a regulatory filing.Berkshire sold nearly 8.7 million shares for $370 million, as of Oct. 15, the filing showed.Last week, Berkshire sold 9.5 million shares worth $382.4 million that brought its stake in the company to below 10%, according to a separate regulatory filing.The investment giant began trimming its stake in mid-July when it sold about 33.9 million shares for…
Tuesday should have been a triumphant night for the NWSL’s latest expansion team, but less than a day after a packed event in downtown Boston to officially launch BOS Nation’s team name and colors, the club issued an apology for the hurt the publicity campaign had caused.Five hundred fans had RSVP’d for the event at the Dick’s House of Sport store, with Boston’s mayor Michelle Wu, Massachusetts lieutenant governor Kim Driscoll, former USMNT and New England Revolution player Charlie Davies and former USWNT and Boston Breakers players Lauren Holiday and Kristine Lilly in attendance. Former USA Hockey and Boston Blades…
Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. CNBC Pro screened for stocks covered by analysts at RBC Capital Markets that have risen this year, have momentum behind them, and have an upside potential of more than 50%. Team17 Shares of Team17 , an England-based video game publisher, could rise by 51.6% to £3.60 ($4.68) over the next 12 months, according to RBC. British stocks are priced in pence. One hundred pence amounts to one British pound. Team17 says it publishes “indie games developed by independent developers.”…
Scott Cutler, StockX CEO, joins ‘Fast Money’ to talk the sneaker market, consumer trends, and more. Source link
Nvidia ‘s rally to a record intraday high on Thursday briefly helped lift the S & P 500 into uncharted waters, leaving investors to wonder what’s next for the artificial intelligence trade. At one point, shares of the chipmaker climbed as much as 3.8% in Thursday’s session and at times traded above $140. That marked the first new intraday high for the megacap technology giant since June. Nvidia appeared to benefit from enthusiasm surrounding Taiwan Semiconductor , which jumped almost 10% after topping Wall Street’s third-quarter earnings estimates. The S & P 500 broad market index also touched a record…
NEW YORK — Shohei Ohtani perked up when he heard his name.“I told him,” Dodgers backup catcher Austin Barnes said after Ohtani’s three-run moonshot iced an 8-0 victory over the Mets in Game 3 of the National League Championship Series, “hit the ball over the fence.”“Not bad advice,” Ohtani said.Barnes clapped his hands three times. “Like, ‘Today, man, over the fence.’”Ohtani beamed as he dressed to leave the ballpark, two victories away from the World Series.“Good coaching,” Ohtani said.The game is not that easy for Ohtani. But sometimes he can make it look so, as he did in the eighth…
Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and $9.77 billion in revenue. The company also said its ad-tier memberships jumped 35% quarter over quarter. Intuitive Surgical — Shares jumped about 5% after the maker of the da Vinci surgical robot posted better-than-expected third-quarter results. Intuitive Surgical earned $1.84 per share on $2.04 billion in revenue. Analysts surveyed by LSEG had estimated earnings of $1.63 per share on $2…
A general view of Huntington Bank Field during an NFL football game between the Cleveland Browns and the New York Giants in Cleveland on Sept. 22, 2024.Kirk Irwin | APThe National Football League’s Cleveland Browns are leaving the shores of Lake Erie.The Browns plan to leave their current open-air stadium in the city of Cleveland for a yet-to-be-built domed stadium in Brook Park, Ohio, according to a press release from Cleveland Mayor Justin Bibb that was later confirmed by the Browns owners.Jimmy and Dee Haslam, the principals of the ownership group that owns the Browns, notified Bibb of their plan…
