Despite surging electric vehicle (EV) sales, Stephanie Link, chief investment strategist at Hightower Advisors, warns that the limited charging infrastructure and aging power grid could hinder further expansion. She highlights the urgent need for modernization and investment in the U.S. power grid to support the growing EV market.
Results for: Business
The global nitric acid market is projected to reach US$ 31 billion by 2034, driven by rising demand for fertilizers and increased agricultural production to feed the growing global population. Key factors driving this growth include the use of nitric acid in the production of ammonium nitrate, a crucial fertilizer ingredient, and the growing adoption of nitrogen-based fertilizers. Additionally, investments in CAN manufacturing and rising demand in Asia Pacific are contributing to market expansion.
Palantir Technologies (PLTR) stock surged over 14% on Monday after joining the S&P 500 index. The move was celebrated by CEO Alex Karp as a major milestone, while analysts hailed the inclusion as a boost to profitability. The stock’s rise was also fueled by a new enterprise agreement with BP, leveraging Palantir’s AI capabilities to enhance decision-making.
Japanese company Metaplanet has further increased its Bitcoin holdings by purchasing 38.6 BTC for $2.2 million, bringing its total to over 398 BTC. This move follows the company’s August announcement of a 10.08 billion yen fundraising plan aimed at expanding its Bitcoin reserves. Metaplanet’s aggressive Bitcoin strategy mirrors that of MicroStrategy, demonstrating the growing trend of companies using debt to capitalize on Bitcoin’s potential appreciation.
Palantir Technologies Inc. (PLTR) is poised for significant growth after its inclusion in the S&P 500, attracting a wave of institutional investors and long-term capital, according to Bank of America. The investment bank forecasts a bright future for the data analytics and AI firm, highlighting its strategic position in national security and AI leadership.
JPMorgan Chase & Co. (JPM) is making strategic moves to strengthen its investment banking division by appointing two new managing directors, Humberto Garcia-Salas and Andrew Redmond, to its Mid-Cap Investment Banking team. This follows the recent appointment of Andrew Castaldo and Andrew Martin as co-heads of the mid-cap mergers and acquisitions unit, signaling a clear focus on expanding its presence in this sector.
BofA Securities has upgraded Johnson Controls International (JCI) to a Buy rating, citing the company’s growing data center business and the anticipated announcement of a new CEO. The analyst believes these factors will drive stock growth.
Lockheed Martin and Tata Advanced Systems have signed a teaming agreement to strengthen their partnership through the C-130J Super Hercules tactical airlifter, boosting India’s defense and aerospace capabilities. The agreement includes plans for an MRO facility in India and potential C-130J manufacturing expansion for the Indian Air Force’s MTA program.
Dogecoin (DOGE) has experienced a significant price surge in the past 24 hours, climbing 4.92% to reach $0.10. This follows a week-long upward trend, with DOGE gaining over 4.0% from its previous price of $0.10. While this recent surge is promising, it’s worth noting that DOGE’s all-time high remains at $0.73.
Schneider Electric introduces the Schneider Charge Pro Level 2 AC Commercial Electric Vehicle Charger, a comprehensive solution for businesses seeking to adopt electric vehicle charging infrastructure. This innovative charger boasts advanced features, simplified installation, and integrated support, ensuring seamless charging experiences for both fleet operators and EV drivers.