What You Need to Know This Week
Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation amid resilient economic growth data. For the week, the S&P 500 and Dow Jones Industrial Average (^DJI) were up about 0.7%. Meanwhile, the Nasdaq Composite (^IXIC) popped nearly 1%. In the […]
Colorado’s Bold Decision to Ban Oil Drilling Ignites National Debate
Colorado’s Bold Move to Ban Oil Drilling Sparks Nationwide Debate Earlier this year, Democratic lawmakers in Colorado proposed two pieces of legislation aimed at introducing a statewide ban on oil and gas wells, which would be the first of its kind in the U.S. One of the bills aimed to introduce a ban on new […]
TD Cowen Lowers Price Target for QuantumScape (QS) Stock
Source: rafapress / Shutterstock.com Equity markets are bouncing back today, finally reflecting some bullish sentiment from investors who have begun to rotate out of growth stocks and into more value-centric parts of the market. Unfortunately for QuantumScape (NYSE:QS), and other more speculative assets, that hasn’t translated into positive price action today. In fact, QS stock is down about 8% […]
Gold Stocks Climb Higher – MINING.COM
With great performance like that over this past year, you’d think gold stocks would be growing popular. But they really aren’t. Mainstream investors still aren’t the least-bit interested in chasing this sector’s strong upside momentum. They’re still enamored with the AI stock bubble, which continues to steal all the market limelight. And contrarian investors like […]
Mark Cuban cautions that U.S. must secure victory in AI race ‘or face dire consequences’
Mark Cuban warns U.S. must win AI race ‘or we lose everything’ Billionaire investor Mark Cuban warned the stakes couldn’t be higher for the U.S. in the global competition for leadership in artificial intelligence. In an interview on CNBC Thursday, he was asked if the federal government’s prioritization of certain investments as part of an […]
What Are the Potential Rate Cuts by the Bank of Canada?
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The Bank of Canada probably doesn’t need additional reasons to keep cutting interest rates, but with the US Federal Reserve having joined the party with a jumbo cut of its own, there’s now fresh impetus for the Canadian central bank to not only lower rates further but perhaps even take a bigger bite out of […]
DOE Invests Billions in Battery Recycling to Address Expanding Electric Vehicle Market Trends
VANCOUVER – The U.S. Department of Energy (DOE) has unveiled an ambitious initiative to advance the green transition: a significant investment exceeding $3 billion aimed at bolstering the domestic production and recycling of battery materials. This funding comes at a critical juncture as the electric vehicle (EV) market prepares for an avalanche of battery disposals, […]
Weekly Market Outlook: Can the NFP Report Confirm Rate Cut Optimism?
Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank […]
Oil and Gas Boom Drives Surge in U.S. Methane Emissions
Oil and Gas Boom Fuels U.S. Methane Surge Despite ambitious promises of an accelerated green transition from the government, the U.S. is still experiencing extremely elevated levels of methane emissions each year. As the Biden administration pumps billions into renewable energy, clean technologies, and decarbonisation projects, methane emissions continue to rise year on year with […]
QS Stock: What Caused QuantumScape’s Greater-Than-Expected Losses for Q2?
Source: JHVEPhoto / Shutterstock.com Shares of QuantumScape (NYSE:QS) stock are taking a tumble after the solid-state battery (SSB) company reported its second-quarter earnings. During the quarter, QuantumScape generated $0 in revenue, as expected. Furthermore, the company’s net loss increased to $122.95 million compared to a loss of $116.50 million a year ago. Its GAAP EPS […]