ACT Research forecasts market upswing in 2025
  • November 29, 2024

ACT Research forecasts market upswing in 2025

ACT Research forecasts an end of the Great Freight Recession in the for-hire truckload space, but private fleet expansion is tempering expectations. The post ACT Research forecasts market upswing in 2025 appeared first on FreightWaves.

Wall Street Wins Once Again as US Assets Outpace Rest of World
  • November 29, 2024

Wall Street Wins Once Again as US Assets Outpace Rest of World

(Bloomberg) -- In a week in which US inflation data accelerated, Donald Trump threatened some of America’s closest neighbors with aggressive tariffs, and half of Wall Street was on vacation, the S&P 500 still comfortably beat benchmark stock gauges for both Europe and Asia. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasGet used to it, say market pr

S&P 500, Dow close at record highs on tech, retail in focus
  • November 29, 2024

S&P 500, Dow close at record highs on tech, retail in focus

(Reuters) -The S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off. Information technology stocks helped boost the benchmark S&P 500 and blue-chip Dow, which was also aided by industrial stocks. Nvidia gained 2%, while Tesla rose 3.7%.

ECB Can’t Solve Political Fallout on Bond Markets, Nagel Says
  • November 29, 2024

ECB Can’t Solve Political Fallout on Bond Markets, Nagel Says

(Bloomberg) -- The European Central Bank won’t act to address government-bond-market fluctuations that stem from political risks, according to Governing Council member Joachim Nagel. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasAsked about the spike in French borrowing costs related to uncertainty over next year’s budget, the Bundesbank president

DevvStream Taps Asia's Soaring I-REC Market with Medellin Solar Deal; Stock Jumps
  • November 29, 2024

DevvStream Taps Asia's Soaring I-REC Market with Medellin Solar Deal; Stock Jumps

DevvStream Corp. (NASDAQ:DEVS) announced an agreement to acquire all renewable and carbon assets from the Medellin Solar Power Facility in the form of international renewable energy certificates (I-RECs). The Medellin Solar Power Facility, with a 730 MWp capacity, is part of the “2030 Smart City” plan in Cebu, Philippines. Developed by Sogod Energy Inc., it will generate 1.2 million I-RECs annually from 1.219 million MWh of energy. I-RECs certify 1 MWh of renewable energy generated and injected