Mullen Group, a Canadian logistics provider, announced a nearly 15% decrease in second-quarter profit, surpassing analysts' expectations. The decline in profit was attributed to weaker demand for freight and logistics services, resulting in a reduction in revenue. For the period ending June 30, Mullen Group reported net income of CAD 36.5 million ($27.7 million), equivalent to … [Read more...] about Mullen Group Reports 15% Drop in Q2 Profit
Bond Investors Concerned About Inflation Rebound
Bond investors are growing increasingly worried about the possibility of inflation rebounding, as the U.S. labor market continues to show no signs of weakening. The latest data from Thursday further reinforced this concern, as first-time jobless benefit claims dropped to a two-month low of 228,000 last week. In response to the report, Treasury yields for one- through 30-year … [Read more...] about Bond Investors Concerned About Inflation Rebound
The Future of Crypto: A Two-Year Bull Market
Introduction Welcome back to Distributed Ledger! In light of a recent court ruling regarding cryptocurrency XRP, the digital asset industry has been buzzing with excitement. To gain some insights into the market's future, I had a conversation with Hunter Horsley, the CEO of Bitwise Asset Management. With over $1 billion in assets under management, Bitwise is a prominent … [Read more...] about The Future of Crypto: A Two-Year Bull Market
CSX Corp. Reports Second-Quarter Sales Below Expectations
Shares of CSX Corp. fell after hours on Thursday as the company reported second-quarter sales that missed expectations. The decline in sales was attributed to lower fuel and coal prices and weaker shipping volumes. Financial Performance CSX Corp, whose rail network serves a large portion of the eastern U.S., reported a net income of $996 million for the second quarter, which … [Read more...] about CSX Corp. Reports Second-Quarter Sales Below Expectations
The Impasse over Carbon Emissions: A Boost for Clean-Tech Companies
China and the U.S. find themselves in a deadlock regarding carbon emissions after a meeting between U.S. climate envoy John Kerry and his Chinese counterpart. This setback in curbing climate change brings to light the exciting opportunities for companies that provide equipment to address this pressing issue. Although talks this week didn't result in a major climate agreement, … [Read more...] about The Impasse over Carbon Emissions: A Boost for Clean-Tech Companies
