New Fortress Energy Inc. Sued for Securities Law Violations – Contact The Gross Law Firm Before November 18, 2024 to Discuss Your Rights – NFE
NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of New Fortress Energy Inc. NFE.
Shareholders who purchased shares of NFE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: February 29, 2024 to August 8, 2024
ALLEGATIONS: The filed complaint alleged that defendants created the false impression that they possessed reliable information pertaining to the Company’s projected revenue outlook and anticipated growth while simultaneously minimizing the risk involved in New Fortress’ plan to have its Fast Liquefied Natural Gas (“LNG”) projects fully operational and to increase business growth globally. In reality, New Fortress’ Fast LNG projects failed to fulfill the Company’s public statements that its FLNG 1 project would be in service by March 2024. Even following the announcement that these delays were costing the Company upwards of $150 million per quarter, defendants continued to tout the speed at which New Fortress was building facilities. Defendants misled investors by providing the public with materially flawed statements of confidence and growth projections that did not account for these variables.
DEADLINE: November 18, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/new-fortress-energy-inc-loss-submission-form/?id=104536&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of NFE during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 18, 2024. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
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New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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71% of Apartment Renters in the U.S. Want More Security Precautions from Their Property Management
A survey conducted by Deep Sentinel shows the variety of crimes faced by renters across the country
PLEASANTON, Calif. , Sept. 24, 2024 /PRNewswire/ — Deep Sentinel, the only security system that combines the experience of a personal guard with proprietary AI to stop crime before it occurs, conducted a survey of more than 1,000 apartment renters across the U.S. to learn what they think about the level of security provided by apartment complexes. While many respondents shared that their management companies use security measures like door access control (41%) and cameras (48%), 71% of renters said management should do more. At the same time, an alarming 28% of survey participants don’t have any security solutions available at their apartment complex.
Deep Sentinel also asked renters about the types of crimes that are most prevalent in their apartment complexes. Renters named stolen packages (39%), car break-ins (27%) and unwanted visitors (26%) among the most frequent misdemeanors. These are followed by drug use (20%) and vandalism (20%).
Tenants have the right to expect a decent level of safety and security while on property. Ensuring the safety and security of residents is a legal obligation. Under the civil liability standard “reasonable care,” property managers and owners can be held legally responsible for damages resulting from crimes committed on the premises.
“It is clear that property management companies need to significantly improve security for their tenants,” commented David Selinger, founder and CEO of Deep Sentinel. “The crime rates across the country are also rising, so there is an urgent need (and legal obligation) for more comprehensive solutions to make residents feel safe.”
When asked about feelings of safety, only 40% of the survey respondents said they felt “very safe” in their apartments. The remaining 60% feel differently.
“Every property manager should be committed to providing a safe and secure environment for their tenants because we believe that a secure home is the foundation of a thriving community,” says Gaby Plascencia, HR Manager, Chispa Inc. for Harden Ranch Apartments. “Every decision we make is guided by our unwavering dedication and legal obligation to the safety and well-being of our residents.”
For more information, visit www.DeepSentinel.com.
About Deep Sentinel
Deep Sentinel is the only security technology that delivers the experience of a personal guard for every customer’s home and business. Deep Sentinel’s guards review and respond to alerts from cameras positioned around the perimeter of a customer’s property. This ensures that any suspicious activity is identified within seconds and that crime can be stopped before a potential burglar even starts to enter the home.
The product uses deep learning with security cameras (wireless or PoE) to enable live guards to intervene within seconds of a perimeter breach and before the criminal enters the home—all at a price that is accessible to anyone considering a traditional alarm system.
Media Contact:
Ksenia Kulik
Interdependence Public Relations
383770@email4pr.com
(919)-349-3786
View original content:https://www.prnewswire.com/news-releases/71-of-apartment-renters-in-the-us-want-more-security-precautions-from-their-property-management-302256469.html
SOURCE Deep Sentinel
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Nvidia Stock Is Ripping Higher Tuesday: What's Going On?
NVIDIA Corp NVDA shares are shooting higher Tuesday. The stock appears to be moving on reports that CEO Jensen Huang has finished selling company stock under a trading plan.
What To Know: Huang adopted a Rule 10b5-1 trading plan earlier this year. According to a Barron’s report, the Nvidia CEO has completed selling the maximum number of shares under the plan several months early.
The trading plan was slated to be effective through March 2025, but the report indicates that Huang sold all six million shares six months before the planned expiration.
Huang reportedly sold shares from June 14 through Sept. 13 at prices ranging from $91.72 to $140.24, grossing approximately $713 million from the sales. The stock sales came from a personal account that still has about 75.4 million Nvidia shares remaining. The Nvidia CEO also reportedly owns 786 million shares through trusts and partnerships. Huang is Nvidia’s largest shareholder with a 3.8% stake in the company as of March.
See Also: ANSYS, Taiwan Semiconductor, Microsoft Team Up To Supercharge Next-Gen Chip Simulations
The stock sales come with Nvidia shares up more than 140% year-to-date after more than tripling last year, driven by the company’s positioning in the artificial intelligence (AI) space.
Nvidia reported revenue growth of 122% year-over-year in its most recent quarter and guided for continued growth on the back of strong demand for AI.
“NVIDIA achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with accelerated computing and generative AI,” Huang said. “Generative AI will revolutionize every industry.”
NVDA Price Action: Nvidia shares opened Tuesday higher before moving lower in early trading. The stock reversed course shortly after the Barron’s article came out and is now up 4.14% for the day, trading around $121.07 at the time of publication, per Benzinga Pro.
Photo: Shutterstock.
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Rugged Handheld Device Market to Reach $6.7 Billion, Globally, by 2032 at 5.2% CAGR: Allied Market Research
Wilmington, Delaware , Sept. 24, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Rugged Handheld Device Market by Type (Semi-rugged, fully rugged and Ultra-rugged), Product Type (Rugged Mobile Computer, Rugged Tablet, Rugged Smartphones, Barcode & RFID Scanner and Others), and End User (Industrial, Commercial, Military and Government): Global Opportunity Analysis and Industry Forecast, 2024-2032”. According to the report, the rugged handheld device market was valued at $4.3 billion in 2023, and is estimated to reach $6.7 billion by 2032, growing at a CAGR of 5.2% from 2024 to 2032.
Prime determinants of growth
The rugged handheld device market is primarily driven by the need for durable and reliable mobile solutions in demanding environments like industrial sectors, logistics, and outdoor activities. Factors such as robustness against water, dust, and drops, coupled with long battery life and enhanced data capture capabilities, propel their adoption. In addition, advancements in technology, including improved processing power and connectivity options like 5G, further bolster market growth by enabling more sophisticated applications and seamless integration with enterprise systems.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $4.3 billion |
| Market Size in 2032 | $6.7 billion |
| CAGR | 5.2% |
| No. of Pages in Report | 220 |
| Segments Covered | Type, Product Type, and End User |
| Drivers | Increased adoption in sectors like logistics, manufacturing, and field services Requirements for devices that meet safety and environmental standards in various industries. Growing need for tools to support mobile workforce productivity |
| Opportunities | Untapped potential in developing regions for rugged mobile solutions Increasing integration with IoT devices for enhanced connectivity and data analytics |
| Restraint | High initial costs Presence of multiple vendors offering varied specifications |
The ultra-rugged segment is expected to exhibit fastest growth throughout the forecast period
By type, the ultra-rugged segment is anticipated to experience faster growth in the rugged handheld device market due to increasing requirements for devices that can withstand extremely harsh environments and demanding conditions. Ultra-rugged devices typically offer the highest levels of durability against water, dust, extreme temperatures, and drops, making them ideal for industries such as military, public safety, construction, and field services where reliability in tough conditions is crucial.
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The rugged smartphones segment is likely to exhibit fastest growth throughout the forecast period
By product type, the rugged smartphones segment is anticipated to experience faster growth for the rugged handheld device market due to increasing demand across industries such as logistics, field services, and public safety. These devices offer durability and reliability in harsh environments while incorporating advanced smartphone functionalities like enhanced connectivity (e.g., 5G), superior cameras for barcode scanning, and long battery life. They cater to the rising trend of mobile workforce management and digital transformation, driving their adoption for improved operational efficiency and real-time data access in challenging conditions.
Asia-Pacific is expected to exhibit fastest growth throughout the forecast period
North America accounted for the highest market share in 2023, however Asia-Pacific is expected to grow with a highest CAGR during the forecast period due to rapid industrialization, increasing adoption of rugged devices in sectors like manufacturing, logistics, and healthcare, and rising investments in infrastructure projects. Government initiatives promoting digitalization and smart city development further drive market growth. In addition, advancements in technology and a growing population of mobile workforce contribute to the region’s robust demand for rugged handheld devices tailored to withstand challenging environmental conditions and enhance operational efficiency.
Players–
- Honeywell International Inc.
- Panasonic Corporation
- Janam Technologies LLC
- Casio Computer Co., Ltd.
- Getac Technology Corporation
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The report provides a detailed analysis of these key players in the global rugged handheld device market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Industry News
- In November 2023, Handheld Group announced a strategic partnership with ProGlove to integrate their respective technologies, promising to revolutionize enterprise mobility. By merging ProGlove’s wearable technology with Handheld’s robust mobile computers, the collaboration aims to streamline operations, elevate efficiency, and prioritize safety across sectors such as manufacturing, logistics, warehousing, and field service. This innovative alliance seeks to deliver a unified solution that seamlessly integrates ProGlove’s cutting-edge scanners with Handheld’s resilient handhelds and tablets, catering to the evolving needs of industrial workers worldwide.
- In November 2022, Handheld Group, a leading manufacturer of rugged mobile computers, announced the release of the all-new Algiz 10XR, an ultra-rugged 10-inch Windows tablet that combines durability with robust field performance, 5G and future-proof features.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Custom Antibody Services Market to Reach $1.4 Billion, Globally, by 2033 at 8.7% CAGR: Allied Market Research
Wilmington, Delaware, Sept. 24, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Custom Antibody Services Market by Service (Antibody Development, Antibody Production and Purification and Antibody Fragmentation and Labeling), by Type (Monoclonal Antibodies, Polyclonal Antibodies, Recombinant Antibodies and Others), Source (Mice, Rabbit and Others), Application (Oncology, Infectious Diseases, Neurology, Immunology, Cardiovascular Diseases and Others), End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the custom antibody services market was valued at $0.6 billion in 2023, and is estimated to reach $1.4 billion by 2033, growing at a CAGR of 8.7% from 2024 to 2033.
Prime determinants of growth
Increase in prevalence of chronic diseases, rise in funding from government and private sectors, and surge in R&D activities are the major factors that drive the growth of the custom antibody services market. However, the high cost of customization may restrict market growth. Moreover, rise in technological advancements and high growth potential in developing economies offer remunerative opportunities for the expansion of the global custom antibody services market.
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Report coverage & details
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $0.6 billion |
| Market Size in 2033 | $1.4 billion |
| CAGR | 8.7% |
| No. of Pages in Report | 233 |
| Segments Covered | Service, Type, Source, Application, End User, and Region. |
| Drivers |
|
| Opportunity |
|
| Restraint |
|
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Segment Highlights
Rise in adoption of antibody development services
By service, the antibody development segment plays a pivotal role in the market. This is attributed to increasing R&D investments, particularly in biopharmaceuticals and personalized medicine, where precise antibody specificity is essential. Technological advancements, such as recombinant DNA technology and hybridoma techniques, enhance the efficiency and customization of antibody development, further bolstering its significance in the market.
Rise in adoption of monoclonal antibodies
By type, the monoclonal antibodies segment plays a pivotal role in the market. This is attributed to their specificity and consistency in targeting particular antigens. Their extensive use in research, diagnostics, and therapeutic applications drives demand, as they offer high precision and reproducibility. Advances in monoclonal antibody technology also contribute to their prominent position.
Rise in demand for rabbits in custom antibody services
By source, the rabbit segment plays a pivotal role in the market. This is attributed to its ability to produce high-affinity antibodies and a wide range of immune responses. In addition, rabbits are also preferred for their versatility in producing antibodies against challenging antigens along with the increasing demand for detailed and accurate immunoassays, drives the segment growth.
Rise in adoption of services in infectious disease
By application, the infectious disease segment plays a pivotal role in the market. This is attributed to high demand for specialized antibodies for detecting and studying pathogens. Custom antibodies are crucial for developing diagnostic assays and therapeutic interventions against infectious agents. In addition, the ongoing need for accurate and rapid diagnostics in managing infectious diseases drives significant investment in custom antibody services.
The pharmaceutical & biotechnology companies’ segment to dominate during the forecast period
By end user, the pharmaceutical & biotechnology companies’ segment has a significant share in the market. This is attributed to high demand for specialized antibodies used in drug discovery, development, and therapeutic applications. These companies rely on custom antibody services to produce antibodies tailored for specific targets, enhancing their research and development efforts. In addition, the ongoing advancements in biotechnology and increased outsourcing of antibody production to specialized service providers further supports the segment growth.
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Regional Outlook
North America to Dominate by 2033
North America has a significant share in the custom antibody services market and is expected to retain its dominance throughout the forecast period. This is primarily attributed to the advanced research infrastructure and substantial R&D investment in the region. The presence of leading pharmaceutical and biotechnology companies also drives demand for custom antibody services. In addition, government support and funding for biomedical research, coupled with technological advancements in antibody production, further boost the market. Furthermore, the rise in prevalence of chronic diseases necessitates targeted therapies, increasing the need for custom antibodies thereby driving the segment growth.
Players
- Thermo Fisher Scientific Inc.
- Agilent Technologies, Inc.
- Sino Biological, Inc.
- Bio-Rad Laboratories, Inc.
- Kaneka Eurogentec S.A.
- YenZym Antibodies, LLC.
- OriGene Technologies, Inc.
- Laboratory Corporation of America Holdings
The report provides a detailed analysis of these key players in the global custom antibody services market. These players have adopted different strategies such as agreement, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Recent Development in Custom Antibody Services Industry
- In March 2024, Sino Biological, Inc., a biotechnology company, announced the formation of a services partnership with Toronto, Canada-based Rapid Novor, Inc. Under the terms of this agreement, Sino Biological will market Rapid Novor’s proprietary de novo REmAb monoclonal antibody (mAb) sequencing service in combination with its custom mAb development and production services.
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Carbon Capture and Storage Market is expected to grow from 6 billion USD in 2024 to 40 billion USD by 2031, at a CAGR of 21.9% | Exactitude Consultancy
Luton, Bedfordshire, United Kingdom, Sept. 24, 2024 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Global Carbon Capture and Storage Market
The global carbon capture and storage market is expected to grow from 6 billion USD in 2024 to 40 billion USD by 2031, at a CAGR of 21.9%. The upsurge in demand for sustainable and environmentally-friendly solutions is a significant factor driving the expansion of CCS technologies across various industries- including oil & gas, chemical manufacturing, and cement production.
Key Players in this market are- Shell, ExxonMobil, Chevron, Equinor, TotalEnergies, Sinopec, Occidental Petroleum, Linde, Aker Solutions, Mitsubishi Heavy Industries, Fluor Corporation, Air Products and Chemicals, Honeywell, Schlumberger, BP, Hitachi, General Electric, Siemens Energy, Carbon Clean Solutions, Global Thermostat, and others.
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The global carbon capture and storage (CCS) market is expected to experience progress in the forecasted period from 2024 to 2031. This market is highly driven by increasing focus on achieving Net-Zero targets, as well as reducing green-house gas emissions. The CCS market plays a crucial role in battling climate change crisis. The market also offers a solution for capturing and storing carbon dioxide emissions from power generation, industrial processes, and other manufacturing industries.
October 30, 2023– CABGOC, also known as Cabinda Gulf Oil Company Limited, a subsidiary of Chevron in Angola, hosted the signing of a Memorandum of Understanding (MOU) in Luanda among Chevron New Energies and the Government of Angola. The agreement intended to discover potential opportunities for lower carbon business in Angola. Chevron and the Government of Angola arranged to assess projects related to nature-based and technological carbon offsets, low-carbon biofuels, hydrogen, carbon capture and storage, and the creation of a regional centre of excellence to promote lower-carbon investments.
August 1, 2023– India faced the issue of balancing energy security, energy equity, and environmental sustainability while achieving decarbonization. To successfully tackle this “Energy Trilemma”, collaborative efforts from government, businesses, and civil society are required. TERI (The Energy and Resources Institute) and Shell collaboratively launched a report on 1st August, “India Transforming to a Net-Zero Emissions Energy System”. The report also explained the steps needed to be taken by India, to meet its net-zero emissions target by 2030, while also maintaining energy- security and equity.
Factors responsible for the growth of the CCS market
Governments are promoting carbon capture and storage (CCS) though supportive policies, subsidies, and incentives. These activities aim to accelerate the adoption of CCS technologies, as part of broader climate change mitigation strategies. In North America and Europe, governments are implementing carbon pricing mechanisms, like carbon taxes and cap-and-trade systems. These processes create financial incentives for industries to invest in CCS. Carbon pricing pushes companies to adopt the cost of emissions, making it more economical to adopt CCS technology, instead of facing huge taxes or penalties for surpassing emission limits. In the US, the 45 Q tax credit rewards companies for capturing and storing CO2, offering a tax credit/ ton of CO2 confiscated. Similar initiatives are introduced in Europe, aligned with European Union’s Green Deal, which aims to achieve carbon neutrality by 2050.
These policies are important in lowering the economic barriers to CCS adoption and encouraging private-sector investments. In developing countries, while a policy landscape is less mature, international cooperation and climate finance mechanisms are helping to bridge the gap. Global policy frameworks, such as the Paris Agreement, further reinforce the importance of CCS in achieving long-term climate goal. To align with international environmental goals and regulatory standards, industries in high-emission sectors like energy, cement, and chemicals are particularly investing in CCS. Companies like ExxonMobil, Chevron, and Shell are leading the way, by developing large-scale CCS projects to capture carbon dioxide emissions from their industrial processes. These investments are driven to meet increasing stakeholder expectations, for corporate responsibility, and transparency regarding environmental impact.
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Carbon capture and storage serves not only as a compliance measures, but also as a competitive differentiator for companies operating in highly regulated markets. Integrating CCS into sustainability strategies empowers companies to present themselves as environmentally responsible, which can enhance brand reputation and meet the growing demands from consumers, investors, and government for cleaner, greener practices. Furthermore, by reducing emissions, companies can benefit from carbon credits or avoid paying significant taxes on emissions. It can make carbon capture and storage both an economic and environmental advantage. The CCS serves as long-term goal for many companies is to achieve net-zero emissions.
Technological advancements in carbon capture and storage (CCS) are constantly improving the efficiency and cost-effectiveness of the technology, which makes it readily accessible for a varied range of industries. Key inventions in carbon0dioxide capture methods are transforming the landscape of CCS. One such advancement is post combustion capture, where carbon dioxide is removed from flue gases after combustion. This method is gaining popularity, as it is a cost-effective solution.
Another promising technology is Direct Air Capture (DAC), which captures carbon dioxide directly from the atmosphere. DAC is particularly valuable as it can reduce existing carbon levels in the air, offering a solution beyond point-source emissions. Also, research into oxy-fuel combustion and chemical looping combustion is improving capture rates and reducing energy requirements. Storage technologies are also advancing, with enhanced monitoring and verification systems ensuring safe, long-term sequestration of CO2 in geological formations. Also, innovations in carbon utilization, where captured CO2 is converted into beneficial products, such as, building materials or synthetic fuels, are creating new market opportunities and revenue streams. These technological improvements are crucial in making CCS scalable and economically viable for diverse sectors, contributing significantly to global emission reduction targets.
Restraints and Opportunities
While the carbon capture and storage market hold great future, it also faces restraints, such as high upfront costs and limited infrastructure. Latest CCS technologies require large upfront investments, and operating expenses remain high due to energy-intensive processes. The lack of robust structure for CO2 transportation, as well as long-term storage is a barrier to large-scale implementation. Another problem lies in public acceptance and regulatory frameworks, especially concerning CO2 storage. People may resist projects due to concerns about potential leaks or environmental risks. In addition, the policy landscape is still developing, with unreliable regulations across regions, which makes it difficult for companies to invest in CCS technology. In developing countries, the absence of strong policy support and inadequate financial incentives further hamper CCS adoption.
The advancements in technologies are making carbon capture and storage more efficient and scalable. It is paving the way for broader applications in industries- such as cement, steel, and power generation. Moreover, the increasing focus on carbon utilization—where captured carbon is used in products like fuels or building materials, offers new revenue streams. With rising global pressure to address climate change, CCS is set to play a critical role in de-carbonizing hard-to-abate sectors, offering companies a competitive edge in a low-carbon economy.
Carbon capture and storage market presents vast opportunities. The growing emphasis on reducing greenhouse gas emissions and achieving net-zero goals is driving interest in CCS as a worthy solution. Governments in countries such as North America and Europe are offering incentives, subsidies, and tax credits (e.g., the US 45Q tax credit), which help balance the high costs of CCS. The emergence of carbon pricing mechanisms is also creating financial drivers for industries to adopt CCS technologies.
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Market Segmentation
Carbon Capture and Storage Market by Type Value (USD Billion)
- Pre-combustion
- Post-combustion
- Oxy-fuel Combustion
Carbon Capture and Storage Market by End Use Industry (USD Billion)
- Oil and Gas
- Coal and Biomass Power Plant
- Iron and Steel
- Chemicals
- Others
Carbon Capture and Storage Market by Region (USD Billion)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Regional Insights
According to Exactitude Consultancy, North America is most dominant region in the global carbon capture and storage market. In the US, significant federal funding and tax incentives, such as the 45Q tax credit, have encouraged investments in CCS technologies. Several large-scale CCS projects are underway, mainly in the oil, gas, and power generation industries, with companies like ExxonMobil and Chevron leading the way. These projects are crucial for reducing carbon emissions and helping industries meet stringent environmental regulations.
European Union’s Green Deal has been a major driver of CCS investments. The EU aims to achieve carbon neutrality by 2050, and CCS is seen as a key technology for decarbonizing sectors such as heavy industry and power generation. Countries like Norway, the UK, and the Netherlands are at the forefront, with prominent projects like the Northern Lights initiative, which focuses on storing captured Carbon dioxide under the North Sea. In Asia-Pacific, countries such as China and Australia are scaling up their CCS initiatives to reduce their carbon footprints, with government support and partnerships playing a crucial role in advancing the technology.
Key Players
- Shell
- ExxonMobil
- Chevron
- Equinor
- TotalEnergies
- Sinopec
- Occidental Petroleum
- Linde
- Aker Solutions
- Mitsubishi Heavy Industries
- Fluor Corporation
- Air Products and Chemicals
- Honeywell
- Schlumberger
- BP
- Hitachi
- General Electric
- Siemens Energy
- Carbon Clean Solutions
- Global Thermostat
The global Carbon Capture and Storage market is looking out for rapid growth as the world moves towards a more sustainable future. With increasing government support, corporate sustainability initiatives, and technological advancements, CCS is set to become a critical tool in the fight against climate change. The demand for CCS technologies is expected to rise as industries continue to prioritize emissions reduction, driving innovation and investment in the sector.
For more information on the global CCS market, please visit Exactitude Consultancy.
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Irfan Tamboli (Head of Sales) – Exactitude consultancy Phone: + 1704 266 3234 sales@exactitudeconsultancy.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Fed And Inflation Recalibration
As most everyone knows by now, the Federal Reserve cut interest rates at their September meeting for the first time since 2020. The size of the cut, 50 basis points (bps), which is half a percent, was a surprise, at least to LCM Capital Management. This should have a positive impact on most things people use to finance their way of life; from mortgage rates, car loans and eventually credit card debt. However, it will have a negative impact on the interest rates savers receive, reducing what banks pay to their clients on their savings. This is a positive for the banks if you couldn’t tell.
So why would the Federal Reserve cut rates more than the 25bps the market was anticipating?
No one knows for sure, probably not even Fed Chairman Powell. We remind you of one of our firm’s favorite quotes from him in July 2022, “we now understand better how little we understand about inflation.”
According to Mr. Powell’s policy statement after the rate cut decision, “this decision reflects our growing confidence that with an appropriate recalibration of our policy stance, strength in the labor market can be maintained.”
We would like to remind Mr. Powell that just last month nbcnews.com wrote, “U.S. job gains over the 12 months ending in March were revised downward by 818,000 which was the largest negative revision downward since 2009 and adds to recent concerns that the economy has been slowing. The change means that roughly 2.1 million jobs were created in the U.S. in the past year, compared with about 2.9 million prior to the revision (almost 30% less than thought). The new figures do not represent job losses — merely new estimates of how many jobs were actually created during the period in question.” While it is correct to say it is not job losses, it still points to labor market weakness.
Bank of America research analysts said after the report’s release, “Even after these large downward revisions, the labor market looks to have been on solid footing.” Don’t know what planet they are living on, but a 30% downward revision doesn’t exactly sound to us as having solid footing.
So maybe they cut rates because inflation is now under control? Well according to the Fed’s statement, “we have greater confidence that inflation is moving sustainably toward 2% and that the central bank judges that the risks to achieving its employment and inflation goals are roughly in balance”
So, LCM Capital Management asks, does anyone think inflation is running at or near 2% or even dropping as the Fed says it is?
Inflation as most of you know, measures how prices for goods and services rise over time which reduces the purchasing power of money. It affects everything. The Consumer Price Index (CPI), is probably the most commonly known index for tracking inflation.
The CPI is weighted according to a typical household’s budget meaning, housing has a bigger influence than apparel. It should if it’s going to represent most American’s month to month cost of living. Since we are all talking about AI these days, we thought we would ask Chat-GPT what makes up the CPI index? After reading each category, please ask yourself – is this costing me more or less than last year, 2 years ago or 4 years ago?
- Housing (Shelter):
Housing costs, including rent, utilities, and homeowners’ equivalent rent (an estimate of what homeowners would pay to rent their own homes), make up the largest portion of the CPI, typically around 30%. However, the CPI doesn’t account for interest payments on mortgages, loans, or credit cards. Instead, it focuses on rent and the cost of owning a home so fed’s rate cut doesn’t mean this category is coming down. - Food and Beverages:
This category tracks the cost of groceries (food at home) and dining out, including both alcoholic and non-alcoholic drinks. Been out to dinner or for drinks lately? - Transportation:
Transportation costs include gasoline, vehicle purchases, used car prices, maintenance, public transit fares, and airline tickets. - Medical Care:
This covers health insurance, prescription drugs, medical services, and medical supplies. Anyone’s premiums dropping? - Apparel:
Clothing, footwear, and related accessories are included here, although this category tends to be less volatile compared to others - Recreation:
Spending on entertainment, such as movies, hobbies, sports equipment, and recreational activities, falls under this category. Taken the kids to a ball game lately? - Education and Communication:
This includes school tuition, textbooks, telephone services, and internet bills. Do you have any kids going to college? - Energy:
Energy costs track the prices of electricity, natural gas, fuel oil, and gasoline. - Other Goods and Services:
This catch-all category includes personal care products, beauty services, and miscellaneous expenses like funeral costs.
Are any of these things costing you less? Didn’t think so.
What continues to perplex us is Core CPI, a term our government and Federal Reserve like to use as their real inflation indicator. Core CPI is the CPI minus food and energy and they exclude these because they can fluctuate in cost quite unpredictably. The problem is, these are 2 essential life living requirements and without them, literally, we can’t survive. So why remove them from the cost of living? Our guess, because it fits their narrative, whatever that might be.
Perhaps some things have reached a plateau, but as consumers, does anyone see prices falling? Time will tell why the Fed cut rates more than anticipated but I think we can all agree it sure doesn’t seem to be because inflation and our cost of living are dropping as they want us to believe. Or maybe the interest payments on debt created was becoming uncomfortable.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
J.D. Vance warns of deliberate ‘bond-market death spiral’ if Trump is elected
Former President Donald Trump often warns about financial calamities that could ensue if rivals are elected. His running mate says there could be a problem if he is elected.
Speaking to the former Fox News personality Tucker Carlson, Sen. J.D. Vance, the Ohio Republican and the party’s vice presidential nominee, said one of his big worries is the bond market.
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“The thing I really worry about on bond markets is, OK, we have $1.6 trillion to $2 trillion in debt every single year in this country getting added to the national debt. And the only thing that makes that serviceable is that interest rates are still pretty low,” said Vance.
“If interest rates go to 8%, and you’re spending way more to service the debt than you are on actual goods, services and infrastructure for your country, like that can become a huge spiral that could take down the finances of this country,” he said.
Vance said Wall Street could deliberately try to sink a Trump presidency.
“I really worry about the bond markets. Do the international investors, the people who are getting rich off globalization, the people who have gotten rich from shipping our manufacturing base to China, the people who have gotten rich from a lot of wars — do they try to take down the Trump presidency by spiking bond rates?” Vance wondered aloud to Carlson.
He said a Treasury secretary would have to be able to manage through a crisis in real time.
He then gave a comparison to Liz Truss’s ill-fated premiership in the U.K. “It would be devastating to the president if you had this bond-market death spiral,” he said.
That’s a lot to unpack. On the numbers, Vance is roughly correct. Bond yields are lower than where Vance recollects — the 10-year BX:TMUBMUSD10Y has dropped to 3.76% — but the fiscal-year deficit will be around $2 trillion (in part, it should be noted, due to the tax cuts Trump signed into law during his first presidency).
Net interest on the public debt through the first 11 months of the fiscal year has been $870 billion — more than any program besides Social Security and Medicare, and even more than defense spending.
Famed investor Stanley Druckenmiller — no fan of the current U.S. administration under President Joe Biden — has warned that inflation could surge, and bond values suffer, in a second Trump administration. He said Trump’s attacks on the independence of the Fed could lead to an “Arthur Burns model, times two,” a reference to the Fed chair under Nixon.
As for the comparison to Truss, whose premiership was famously outlasted by a head of lettuce: In September 2022, Truss’s chancellor, Kwasi Kwarteng, outlined to Parliament what was called a minibudget.
In it was the first estimate of bond-market issuance that would be needed to fund the government’s intervention into the energy market, and it also included unexpected tax cuts for the wealthy. The pound GBPUSD plunged in the immediate aftermath — on a Friday — and then nosedived the ensuing Monday, in part due to thin trading conditions in Japan where there was a market holiday.
The Bank of England intervened because many pension funds, at the urging of the government’s pension regulator, had leveraged investments in U.K. government bonds, which plunged in value. But the central bank set a date for unwinding its support, and the Truss government ahead of the deadline backtracked on most of its fiscal plans.
Truss resigned the briefest premiership in British history.
Truss has said that a Bank of England report showing the pension-fund troubles was the main source of the rise in bond yields demonstrates the crisis was the central bank’s fault.
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CXM CLASS ACTION REMINDER – Lead Plaintiff Deadline in Sprinklr, Inc. Class Action Fast Approaching; Contact Robbins LLP for Information
SAN DIEGO, Sept. 24, 2024 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sprinklr, Inc. CXM securities between March 29, 2023 and June 5, 2024. Sprinklr is a software company that provides AI-based “Customer Experience Management” platforms for its client’s customer-facing teams. Its products help customers provide customer service across various platforms and in different capacities.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that Sprinklr, Inc. (CXM) Misled Investors Regarding its Difficulties Scaling the CCaaS Market
According to the complaint, during the class period, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the difficulties in the implementation of scaling in the Contact Center as a Service (“CCaaS”) market and the resulting growth slowdown on their existing “go-to-market” initiatives associated with Sprinklr’s core suite of products, which collectively caused Plaintiff and other shareholders to purchase Sprinklr’s securities at artificially inflated prices.
On December 6, 2023, during Sprinklr’s earnings call following a same day press release announcing its strong third quarter earnings, defendants announced a sequential decrease in the total number of customers spending more than $1 million, attributing it to macroeconomic conditions. Additionally, Sprinklr reduced its estimated growth for the fourth quarter and fiscal year 2025 (ending January 31, 2025) from consensus expectations of 16% growth down to only 10%. On this news, the price of Sprinklr’s stock fell more than 33% to close at $11.11 on December 7, 2023.
Plaintiff alleges that defendants continued to mislead investors by creating the false impression of anticipate growth. However, on June 5, 2024, Sprinklr announced significantly reduced growth expectations, this time cutting fiscal year 2025 projections another three percent, down to a mere 7% annual growth, again attributing the losses to reduced customer retention in Sprinklr’s core business and macro headwinds. On this news, Sprinklr’s common stock declined from $10.84 per share on June 5, 2024, to $9.20 per share on June 6, 2024, a decline of more than 15%.
What Now: You may be eligible to participate in the class action against Sprinklr, Inc. Shareholders who want to serve as lead plaintiff for the class must file their papers with the court by October 8, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.
To be notified if a class action against Sprinklr, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
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The Seville Luxury Senior Living Community Now Open in San Clemente
The 87-unit boutique assisted living and memory care community is in Orange County.
SAN CLEMENTE, Calif., Sept. 24, 2024 /PRNewswire/ — The Seville, an upscale, 87-unit senior rental community in San Clemente, is now open and welcoming its first residents. Set on 2.5 acres between Los Angeles and San Diego, The Seville combines exceptional care with abundant amenities in a comfortable yet luxurious setting to serve older adults who need daily assistance or occasional help, along with those who may have dementia-related diseases.
Managed by Orange County-based Momentum Senior Living, the community offers a vibrant and graceful lifestyle of comfort and ease, with 63 assisted living units and 24 memory care units. Harbert South Bay Partners, LLC developed the community to resemble a boutique hotel rather than a typical senior living community, offering residents greater independence, personalized support and customer service.
The two-story community features elegant interiors and stylish, comfortable apartments. The Seville’s quaint size allows for a more intimate, personalized approach to care, with partial views of the ocean, hills and mountains.
“Our new community offers seniors and their families lifestyle options they likely never thought possible, all in a setting that captures the iconic coastal vibe of Southern California while delivering top-tier care,” says Justin Telles, executive director of The Seville.
Under the direction of a staff Medical director, a team of trained staff, licensed nurses and dedicated caregivers are always on-site to provide the best care and support possible. Assisted living residents receive support throughout the day or just from time to time, while residents with cognitive impairments such as Alzheimer’s benefit from unique memory care programs and services from certified staff.
The Seville offers a wide range of amenities focused on convenience and wellness for a comfortable lifestyle. Residents can enjoy concierge services for package delivery and appointments, a movie theater, fitness center, professionally staffed salon, and a chef-led restaurant serving three daily meals.
Additional features include a tended beer and wine bar, private dining room for family gatherings, regular housekeeping and laundry assistance, and a refreshing pool heated year-round for residents to relax and socialize. Three beautifully landscaped courtyards provide secure outdoor access, allowing residents to enjoy fresh air and sunshine.
“Assisted living apartments offer full kitchens, walk-in closets, and in-unit washers and dryers, providing a level of convenience and autonomy that’s rare in most senior living communities,” Telles says. “Memory care apartments are equally well-appointed, ensuring residents experience a high standard of living.”
The Seville has created an environment that reflects community values and promotes holistic health for older adults looking to stay as independent as possible by collaborating closely with residents and their families. “Our resident-focused approach tailors events, experiences and activities to meet each individual’s unique needs and preferences, and to enrich their lives,” Telles says. “As neighbors move in and get involved, it will be exciting to see The Seville’s true personality come to life, shaped by those who call it home.”
The Seville is located at 2421 Calle Frontera in San Clemente. For more information or to schedule a tour, call 949.379.8454 or visit the-seville.com.
About Momentum Senior Living
Orange County-based Momentum Senior Living brings extensive experience guiding senior living communities across the U.S. and Southern California. Momentum assures a laser focus on helping residents stay connected and inspired through shared events, experiences, tastes and technology. Momentum’s holistic approach encompasses all aspects of life, including the mind, body, spirit and environment, allowing residents to experience a lifestyle and community culture focused on their total well-being. Momentum possesses a unique aptitude for overseeing senior living in the region. The two principals have catered to the needs of over 4,000 residents across seven senior communities in Southern California.
About Harbert South Bay Partners, LLC
Since 1994, Harbert South Bay Partners has developed superior-quality senior living communities totaling more than 11,000 residences. A key part of Harbert South Bay Partners’ business model involves staying on the leading edge of trends that align with today’s seniors. This includes pioneering new approaches in building design and partnering with companies that provide safe, high-quality, state-of-the-art care for seniors. Harbert South Bay Partners is headquartered in Dallas, Texas, with just under 1,000 units under construction or in design/pre-development throughout the U.S.
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SOURCE The Seville of San Clemente
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.