With less than two weeks remaining for Congress to reach a budget agreement for the U.S. federal government before the Oct. 1 deadline, the impending issue is expected to dominate headlines and political discussions. However, investors are advised not to overreact as history suggests that this shutdown too shall pass. Treasury Secretary Janet Yellen expressed her views on the … [Read more...] about The Potential Government Shutdown: Should Investors Be Concerned?
Forex News
Instacart: A Test for Investors’ Appetite in the Gig Economy
The online grocery delivery company, Instacart, is making waves in the retail brokerage accounts as it prepares for its initial public offering (IPO). Set to trade under the ticker symbol "CART," Instacart's valuation is set at approximately $9.6 billion, according to a recent filing. This valuation represents a significant increase from its previous assessments, reflecting the … [Read more...] about Instacart: A Test for Investors’ Appetite in the Gig Economy
Swiss Steel Holding’s Earnings Target for 2023 Becomes Unattainable
Shares in Swiss Steel Holding took a substantial hit on Monday following the company's announcement that it will no longer be able to achieve its earnings target for 2023. The anticipated recovery in European demand failed to materialize, leading to this significant setback. As of 1050 GMT, shares were down by 9.5% at CHF0.11, reflecting the market's reaction to this … [Read more...] about Swiss Steel Holding’s Earnings Target for 2023 Becomes Unattainable
Tesla’s Price Cuts to Continue in 2024, Says Goldman Sachs
Goldman Sachs analysts have predicted that Tesla's ongoing series of price cuts for its electric vehicles (EVs) will put further pressure on the company's margins in the coming year, according to a research note by Goldman's Mark Delaney. While the price reductions for Tesla's Model S and Model X cars will impact earnings this year, there will only be a partial offset from … [Read more...] about Tesla’s Price Cuts to Continue in 2024, Says Goldman Sachs
Canadian Utilities partners with indigenous communities for solar power projects
Canadian Utilities, an energy-infrastructure company, has joined forces with indigenous communities in a groundbreaking deal. The Chiniki and Goodstoney First Nations will become majority owners of the Deerfoot and Barlow Solar power projects, with a 51% ownership stake. This partnership is expected to bring significant economic benefits to the communities involved. Canadian … [Read more...] about Canadian Utilities partners with indigenous communities for solar power projects
