Based on Bloomberg data, Brown used his first earnings report to identify gaps and set future priorities. One of these goals aims to accelerate new developments to resuscitate the company’s portfolio. During 3M’s earnings call, he commented: There’s a lot of value that can be created from the raw materials that we have here. I’m…
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Media reports indicated that the Canadian stock market achieved a record high in July 2024 and has increased by 8% so far this year. Despite this uptrend, it could not keep pace with the S&P 500, which has gained almost 15% since the start of 2024. Don’t miss out the latest news, subscribe to LeapRate’s…
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Based on the acquisition agreement, Block Mining can also earn up to $32.5m “through the execution of additional power purchase agreements to add additional power capacity”. In its press release, Riot Platforms stated that this acquisition increases its hash rate, geographic footprint and access to energy markets outside of ERCOT (the Electric Reliability Council of…
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For the time being, it has been released as a prototype that will be available to a small group of users. This will allow the company to collect feedback as it carries on developing the software. The idea is that over time, it will become a new way to search the internet. The launch of…
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This investment has been made in the form of a loan that can be converted into equity in Imagination in the future. Imagination is owned by a private equity consortium with strong links to the Chinese government. Previously, Imagination was listed on the LSE under the IMG ticker; however, it was delisted in 2020 when…
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Germany’s foremost lender indicated that it will not engage in another share buyback this year. When trading closed on Wednesday 24 July 2024, the bank was 8.32% in the red. According to a CNBC report, a €143m net loss applied to investors. The stated poll predicted a net loss of €145m. The firm warned of…
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In its latest market cleanliness report, the financial watchdog emphasised that sound – or clean – financial markets are essential to the economy and empower companies to raise funds, navigate risks and boost investor confidence. The regulator’s chairperson, Joe Longo, stated: Protecting and enhancing the integrity of Australia’s equity markets continues to be a priority…
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These results caused an immediate impact on the market, as the TSLA price fell by more than 4% in after-hours trading on the NASDAQ exchange. It’s still the most valuable car manufacturer on the planet, but TSLA’s warnings about lower growth this year have been followed by moves to offer cheaper financing and lower prices.…
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Among the institutional investors was Greece’s Eurobank, which put up €10m for an equity stake in the company back in December 2023. Others included iGrow Venture Capital, Venture Friends and Ventura Capital. According to Finextra data, more than 5,500 investors from the UK and EU participated in the Crowdcube campaign. This is Crowdcube’s standout crowdfunding…
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This approval is roughly six months after the SEC said yes to the first crypto assets in January 2024 when it gave the green light to nine bitcoin spot ETFs. Based on Reuters information, it took about 10 years for them to obtain the go-ahead as the SEC consistently maintained that digital currencies posed too…
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