AES Corporation is positioned to lead the renewable energy buildout to support demand from data centers, with the company viewed as a key partner to tech companies scaling up artificial intelligence, according to Morgan Stanley. “AES remains well positioned to serve data center renewables demand, where it still sees robust interest and upward pressure to returns,” David Arcaro and a team of analysts told clients in a Friday note. Arcaro has a stock price target of $25 for AES, which implies nearly 50% upside from Thursday’s close of $16.94 per share. AES is viewed as a key partner for the…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGregory Daco, chief economist at EY-Parthenon, joins ‘Fast Money’ to discuss what the August jobs report suggests about the economy, his expectations for the Fed, whether we are heading into a recession, and more. Source link
In this image from video provided by NASA, the unmanned Boeing Starliner capsule undocks as it pulls away from the International Space Station on Friday, Sept. 6, 2024.NASA | Via APBoeing’s Starliner undocked from the International Space Station on Friday, months later than the spacecraft was originally supposed to depart — and without the two astronauts that it delivered to orbit in early June.Instead, NASA test pilots Butch Wilmore and Suni Williams will stay at the ISS for the rest of the year and will return to Earth in February aboard SpaceX’s Dragon spacecraft.It left the space station at 6:04…
Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum in Davos, Switzerland, Jan. 18, 2023.Arnd Wiegmann | ReutersDell and Palantir shares both surged about 7% in extended trading on Friday after S&P Global announced that the two technology companies would join the S&P 500 U.S. stock index.Palantir will take the place of American Airlines, and Dell is replacing Etsy, according to a statement.This won’t be Dell’s debut in the index. The computer and server maker was a constituent from 1996 to 2013, as founder Michael Dell and private-equity firm Silver Lake took the company private. Dell went…
For Mike Baumann, it started the same way as his first seven seasons in professional baseball. He was, as always, employed by the Baltimore Orioles, the team that drafted him in the third round in 2017. He wanted to help a familiar organization while advancing his own career.“My expectation was to take a step forward with the Orioles and to be a part of the bullpen,” Baumann said this week. “I was really excited. I was really looking forward to it. I didn’t perform like I wanted to, things just didn’t go my way and that’s the nature of the…
The disappointing nonfarm payrolls report for August settled any remaining doubts about whether the Federal Reserve will be cutting interest rates this month but left open questions about the intensity. Heading into the release, markets had been pricing in a 100% certainty of a September rate cut, with the only question being whether the Fed would move by a quarter point or half a point. After the Labor Department reported growth of just 144,000 jobs, traders in the fed funds futures market seesawed in the morning. The most recent indication was a strong inkling that the Fed will move more…
Joe Kiani, CEO, MasimoScott Mlyn | CNBCMasimo CEO Joe Kiani, whose medical-technology company is in the midst of a proxy battle with activist Politan, revealed what he called confidential information to a major investor 12 hours before it was released to the public, according to court filings.The documents, partially unsealed on Friday, are related to ongoing litigation between Politan and Masimo, which makes devices for monitoring the amount of oxygen in a person’s blood. Politan is seeking to replace two directors, including Kiani, with its own candidates at a shareholder meeting later this month.Included in the latest filing is a…
Former Republican presidential candidate Robert F. Kennedy Jr. and Republican presidential nominee, former U.S. President Donald Trump shake hands during a campaign rally at Desert Diamond Arena on August 23, 2024 in Glendale, Arizona.Rebecca Noble | Getty ImagesFormer independent presidential candidate Robert F. Kennedy Jr. will not appear on ballots in North Carolina and Michigan, appeals courts ruled in two separate decisions Friday.Election authorities in the two swing states previously decided that Kennedy’s name would remain on their ballots, rejecting his request to withdraw from the race.Friday’s rulings are good news for Republican presidential nominee Donald Trump. In North Carolina…
Rome Odunze preferred to sit on the bench and reset when the University of Washington’s defense took the field. He wanted to catch his breath before the next series.Except when Caleb Williams was the opponent. He was must-see.Odunze already had a perception of Williams thanks to a viral moment from Oklahoma. As a freshman, Williams took the ball from his running back who was about to go down short of the first down on fourth-and-1 and converted it himself.“I was like, ‘Oh, OK. He plays a little different,’” Odunze said.When USC’s offense took the field, Odunze didn’t sit down. He…
Equity performance this week depicted a tale of two very different markets, and one trade preserved against the turbulence: playing defense. Technology stocks sold off rapidly as growth scares resurfaced on Wall Street following a swath of weak labor market data. That sent shockwaves across equities, pummeling some of 2024’s leading artificial intelligence names. The Nasdaq Composite tumbled more than 2%, while all the Magnificent Seven stocks notched losing weeks. Nvidia registered its worst week since 2022, while the VanEck Semiconductor ETF (SMH) marked its worst week in more than four years. Stocks tied to industry also lagged as economic…
