Jim Cramer Says Buy The AmEx Dip Citing Love From Millennial And Gen Z Members — Younger Customers Will Stick With The 'Company For Decades'
CNBC host Jim Cramer has urged investors to consider buying American Express Co AXP shares despite the recent dip in the stock price.
What Happened: Cramer, on his show “Mad Money,” highlighted the potential of American Express in the long term, especially in attracting younger customers. He emphasized the company’s strong earnings and credit quality, which he believes will only improve with the Federal Reserve’s ongoing interest rate cuts, reported CNBC.
“American Express had tremendous success at winning over lots of younger customers, who will likely stick with the company for decades to come,” Cramer said. “That’s the big story here, not a line or two on the call about a softer spending environment right now, which management is handling with aplomb.”
Despite a slight revenue miss and a downward revision of its full-year forecast, American Express reported a significant earnings beat. The company’s stock price fell by over 2% following the earnings report. Cramer believes that Wall Street is underestimating the company’s earnings strength and the potential for long-term growth.
He also lauded American Express for its success in attracting younger cardholders, a demographic he believes has a higher lifetime value than older customers. The company’s CFO, Christophe Le Caillec, noted on the earnings call that they are seeing strong loyalty from Millennial and Gen Z members.
Why It Matters: The recent dip in American Express’ stock price follows a mixed third-quarter earnings report. The company’s revenue (net of interest expenses) grew by 8% year-on-year to $16.64 billion, slightly missing the analyst consensus estimate of $16.67 billion. However, the adjusted EPS of $3.49 beat the analyst consensus estimate of $3.28.
Despite the revenue miss, the company’s Card Member spending or Billed Business grew by 6% (or 6% forex adjusted) year-over-year to $387.3 billion. This performance led analysts to increase their forecasts for the company’s future.
Earlier in October, American Express announced that it would become the sole owner of Swisscard after UBS Group AG UBS sold its 50% stake.
Despite the mixed results, analysts noted that the company’s higher loan volumes, stable growth in Card Member spending, and accelerated card fee revenue growth triggered the topline growth.
Price Action: American Express stock closed at $270.74 on Monday, down 2.19% for the day. In after-hours trading, the stock slightly recovered, rising 0.28%. Year to date, American Express has gained 43.77%, according to data from Benzinga Pro.
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This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
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UV Booster Market is Projected to Rise at a CAGR of 5.2%, Reach US$ 211.8 Million by 2034 | Fact.MR Report
Rockville, MD , Oct. 22, 2024 (GLOBE NEWSWIRE) — The UV Booster Market is expected to grow from US$ 127.6 million in 2024 to US$ 211.8 million in 2034. Fact. MR’s extensive study shows that the market will expand at a growth rate of 5.2% from 2024 to 2034.
The UV Booster market develops in the cosmetic industry under high awareness of the consumer about sun protection and skincare. There is a growing demand for products that can perform well on the side of protection against UV rays while boasting other benefits-such as moisturizing, anti-aging, and anti-inflammatory effects. The UV Booster market is increasingly attributed to popular skincare and hair care with potential benefits related to sun protection and anti-aging. Natural and organic products are in great demand due to a developing desire among consumers for alternatives to traditionally available chemical-based products.
The Benzotriazole segment is anticipated to grow at the highest rate owing to its increasing demand in lipsticks and lip balms. The Lipsticks & Lip Balms segment will see the highest CAGR, due to the fact that this ingredient will be increasingly used for popular cosmetic products. Overall, with more awareness amongst consumers about the benefits accruing from sun and skin care, the UV Booster market is expected to continue growing rapidly. Key players in the market are focusing on innovative product development, offering UV protection along with other benefits like moisturizing, anti-aging, and anti-inflammatory benefits.
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Key Takeaways from Market Study:
- Global UV Booster market will grow at a CAGR of 5.2%, reaching US$ 211.8 million by the end of 2034.
- North America will expand at a CAGR of 5.6% from 2024 to 2034, capturing 21.6% of the market share in 2024 and offering an absolute opportunity of US$ 15.5 million.
- East Asia will account for 30.2% of market share in 2024, generating an absolute dollar opportunity of US$ 27.0 million between 2024 and 2034.
- Between 2024 and 2034, the benzophenone by product classification is expected to produce an absolute dollar opportunity US$ 33.2 million.
- With a 53.9% market share, the UV Booster skin care cosmetics product type is estimated to be worth US$ 68.8 million in 2024.
“UV Booster market, where analysis highlight trends, growth drivers, and opportunities cosmetics companies can leverage in this emerging trend” says a Fact.MR analyst.
Market Development:
Key companies like Allnex, Perma Chink Systems Inc., BASF SE, Clariant AG, Solvay SA, Huntsman Corporation, Milliken Chemical, Spectrum Chemical, Adeka Corporation, Croda International PLC. are propelling the market growth.
As these important companies took advantage of a variety of primary strategies to improve their position in the electronic chemicals and materials market, they released new products, acquired companies, expanded, and made deals. As an instance-
- In April 2023, Allnex reached a milestone when it mechanically completed the new manufacturing hub in Jiaxing, China – another critical step forward in its strategic expansion into greener resins. Operations are expected to start in phases during the second half of 2023.
- In October 2022, Clariant introduced AddWorks® AGC 970, a novel light stabilizer for agricultural polyethylene films to improve resistance to UV exposure and agrochemicals with innovation spirit in agricultural fields.
- In April 2022, Allnex launched a new UV Booster product under the name of Allnex UV-101, which is used in hair care and skin care.
- In March 2022, Perma Chink Systems Inc. announced a new line of UV-stable water-repellent coatings for furniture and equipment used outdoors.
- In May 2022, BASF SE acquired the company Perstorp’s UV Booster business, this widened its product portfolio within the cosmetic and personal care industry.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global UV Booster Market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on product (benzamidine, benzophenone, triazine, benzotriazole, others), application (skin care cosmetics, hair care cosmetics, make-up cosmetics) and across major seven regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa).
Segmentation of UV Booster Market:
- By Product :
- Benzamidine
- Benzophenone
- Triazine
- Benzotriazole
- Others
- By Application :
- Skin Care Cosmetics
- Hair Care Cosmetics
- Make-up Cosmetics
- Lipsticks & Lip Balms
- Foundation
- Others (Concealers, etc.)
- By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Check out More Related Studies Published by Fact.MR:
Ultraviolet Stabilizers Market: Size is US$ 1.4 billion for 2023. Global demand for ultraviolet stabilizers is expected to reach an industry value of US$ 2.4 billion by 2033-end, increasing at a CAGR of 5.3% over the next ten years.
Sun Protection Active Ingredient Market: Size is set to reach a valuation of US$ 816.3 million in 2023 and further expand at a CAGR of 5.3% to reach US$ 1,370.3 million by the end of 2033.
High Purity Boron Market: Size is valued at US$ 1.21 billion in 2024 and is forecasted to expand at a CAGR of 8.5% to reach US$ 2.72 billion by the end of the assessment period in 2034.
EVA Foam Market: Size is approximated to touch a valuation of US$ 18.99 billion in 2024. The market has been forecasted to increase at 5.4% CAGR to achieve a value of US$ 32.2 billion by the end of 2034.
Seismic Rubber Bearing and Isolator Market: Size is estimated to reach US$ 461.91 million in 2024. The market is analyzed to rise at a CAGR of 3.2% to reach US$ 630.69 million by the end of 2034.
Electroplating Chemicals Market: Size is currently valued at around US$ 49.23 billion in 2024 and is forecasted to expand at a CAGR of 6.8% to reach US$ 94.69 billion by 2034.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
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Gas Engine Market Size Projected to Grow $6.3 billion by 2029 | MarketsandMarkets™
Delray Beach, FL, Oct. 22, 2024 (GLOBE NEWSWIRE) — The global Gas Engine Market size is expected to grow from USD 5.1 billion in 2024 to USD 6.3 billion by 2029, at a CAGR of 4.5% according to a new report by MarketsandMarkets™. The gas engines market is experiencing robust growth driven by increasing demand for cleaner energy solutions and the transition towards sustainable power generation. As industries and governments worldwide prioritize environmental sustainability, gas engines have emerged as a viable alternative to traditional fossil fuel-based power generation systems. This shift is further fueled by advancements in gas engine technology, enhancing efficiency and reliability while reducing emissions.
The growth in gas engine market can be attributed to various factors stimulating demand. A prominent driver is the escalating focus on cleaner energy sources and sustainability initiatives, prompting a surge in the adoption of gas-powered engines as a viable alternative to conventional fossil fuel-based options. Furthermore, technological advancements, including enhanced efficiency and reliability of gas engines, are significantly contributing to market expansion. These advancements not only improve the performance of gas engines but also make them more competitive and appealing to consumers seeking reliable and environmentally friendly power solutions.
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Gas Engine Market Scope:
| Report Coverage | Details |
| Market Size | USD 6.3 billion by 2029 |
| Growth Rate | 4.5% of CAGR |
| Largest Market | Asia Pacific |
| Market Dynamics | Drivers, Restraints, Opportunities & Challenges |
| Forecast Period | 2024-2029 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Gas Engine Market by fuel type, power output, application, and region. |
| Geographies Covered | Asia Pacific, Europe, North America, South America, Middle East & Africa. |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Adoption of Natural Gas as Transition Fuel |
| Key Market Drivers | Advance Gas Engine Technology |
Utilities segment to have highest gas engine market share from 2024 to 2029
The utilities segment, categorized by end-use industry, is expected to hold the highest gas engine market share from 2024 to 2029 due to several driving factors contributing to its dominance. Utilities, including electricity, gas, and water providers, are increasingly turning to gas engines for power generation and cogeneration applications to meet the escalating energy demands of modern societies. Gas engines offer utilities a reliable and efficient solution for electricity generation, enabling them to balance supply and demand while enhancing grid stability. Furthermore, the versatility of gas engines allows utilities to deploy them in various applications, such as peak shaving, grid support, and distributed energy generation, contributing to their widespread adoption across the sector. Additionally, the growing focus on renewable and cleaner energy sources is driving utilities to transition from traditional fossil fuel-based power generation to gas engines, which offer lower emissions and greater fuel flexibility. Moreover, supportive government policies and incentives aimed at promoting renewable energy and improving energy efficiency further accelerate the adoption of gas engines by utilities. With their proven reliability, efficiency, and environmental benefits, gas engines are poised to play a pivotal role in powering the utilities sector, driving significant market share within the segment during the forecast period.
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Gas Engine Market Dynamics:
Drivers:
- Trend toward clean and efficient power generation
- Stringent emission regulations
- Adoption of industrial automation and robotics and shift toward smart manufacturing
- Advancements in gas engine technology
- Integration of renewable energy sources
Restraints:
- Policy and regulatory uncertainty
- Fluctuating gas prices
Opportunities:
- Evolving landscape of coal, gas, and nuclear energy
- Adoption of natural gas as transition fuel
- Leveraging potential of biogas and landfill gas
Challenges:
- Infrastructural shortcomings
- Ensuring long-term sustainability
Asia Pacific is expected to be the second fastest region in the Gas Engine Industry
Asia Pacific is poised to emerge as the largest gas engine market due to several compelling factors propelling its growth and dominance in the industry. Firstly, the region’s rapid industrialization, urbanization, and population growth are driving significant demand for energy across various sectors such as manufacturing, construction, and transportation. Gas engines offer a reliable and efficient solution to meet this escalating energy demand while addressing environmental concerns, as they produce lower emissions compared to conventional fossil fuel-based alternatives. Furthermore, supportive government policies and initiatives aimed at promoting cleaner energy sources and reducing greenhouse gas emissions are accelerating the adoption of gas engines in the Asia Pacific region. These policies create a conducive environment for investment in gas engine infrastructure and deployment, further stimulating market growth. Additionally, the abundant availability of natural gas resources in countries like China, India, and Australia enhances the attractiveness of gas engines as a cost-effective and sustainable power generation solution. Moreover, ongoing investments in infrastructure development, including power plants, cogeneration facilities, and distributed energy systems, contribute to the widespread deployment of gas engines across the region. With favorable market dynamics, supportive regulatory frameworks, and increasing environmental awareness, Asia Pacific is poised to lead the global gas engine market, offering lucrative opportunities for industry players and driving innovation and sustainable development in the energy sector.
Key Market Players:
Some of the major players in the Gas Engine Companies are Caterpillar (US), Rolls-royce Holdings (UK), Siemens Energy (Germany), Wartsila (Finland), and Cummins (US).
Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting
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High-Speed Engine Market – Global Forecast to 2028
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Small Gas Engines Market – Global Forecast to 2028
About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets Inc. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA : 1-888-600-6441 UK +44-800-368-9399 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Smartest Dividend Stocks to Buy With $1,000 Right Now
Dividends are the unsung heroes when it comes to making money and building wealth in the stock market. They may not be as sexy or draw the attention that high-flying growth stocks do, but they can be just as rewarding, especially over time.
If you’re looking for dividend stocks to add to your portfolio, you might want to consider the following two companies. Each has a high dividend yield and each is a leader in industries that are likely to be around for the long haul. Investing $500 into each could net you about $65 in annual income at their current yields.
Tobacco giant Altria Group (NYSE: MO) has been one of the highest-yielding dividend stocks in the S&P 500 for quite a while. Its quarterly dividend is $1.02 per share and it offers a forward yield of over 8%. For perspective, the average dividend yield of the S&P 500 stands just above 1.3%.
When Altria announced a dividend increase in August, it marked the 55th straight year the company has raised its payout. It is one of only 54 companies on the stock market that has reached the Dividend King status, putting it in elite company when considering the thousands of companies on U.S. stock exchanges.
It’s one thing to have an attractive dividend. But it’s even more impressive when you manage to keep increasing an attractive dividend, which Altria has done — almost doubling it in the past decade.
Altria has maintained a stronghold in the cigarette industry for a while. Smoking rates have been steadily declining in the U.S., affecting volume, but the pricing power that it can exert has allowed it to offset this decline and keep its financials healthy.
The company has to find viable smoke-free options to maintain its leadership position in the long term. It failed with its $12.8 billion Juul investment (putting it lightly), but its recent vaping venture, NJOY, has been making positive strides. In the second quarter, NJOY consumables shipment volumes increased by 14.7% to 12.5 million units, and NJOY devices’ shipment volume jumped by 80% to 1.8 million units. This brought the totals to 23.4 million and 2.8 million, respectively, in the first half of 2024.
Cigarettes will be the mainstay of Altria’s business for the foreseeable future. However, it’s encouraging to see it making the investments needed for long-term success. In the meantime, investors can enjoy the company’s lucrative dividend, which should continue increasing for several years to come.
AT&T (NYSE: T) is getting accolades from investors for its improved financial picture after some turbulent years caused by a misguided decision to get involved in the media and entertainment industry. The company took its lumps, sold off its underperforming assets, and returned to its telecom roots, and the results have been paying off. The stock is up over 26% this year (as of Oct. 21), marking its best stretch in a while.
Market 'Very Convinced' Of A Trump Win, Says Stanley Druckenmiller: Why Billionaire Investor Thinks Blue Sweep Is 'Highly Unlikely'
While opinion polls predict a close race between Democratic nominee Kamala Harris and Republican nominee Donald Trump, billionaire investor and former hedge fund manager Stanley Druckenmiller, the chairman and CEO of Duquesne Family Office, on Thursday weighed in with his thoughts on the 2024 presidential election.
Don’t Miss:
What Markets Say: While stating that things are still fluid, Druckenmiller said he liked the market indicators for the elections. In an interview with Bloomberg, the billionaire said in 1980, the market was right on former President Ronald Reagan despite what the pundits said.
“And I must say in the last 12 days, the market and the inside of the market is very convinced Trump is going to win. You can see it in the bank stocks, you can see it in crypto, you can even see it in Trump Media & Technology Group Corp. (NYSE:DJT), his social media company,” he said.
Industries that benefit from deregulation will benefit from a Trump victory and outperform others, Druckenmiller said.
Trump is the favorite to win the election now, the billionaire said, adding that the polls do not mean much nowadays as no one even responds to them anymore.
See Also: Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die.” These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.
The Scenarios: Druckenmiller weighed in four scenarios, namely a blue sweep, a red sweep, the Trump administration with a blue branch of Congress, and a Harris administration with a red branch of Congress.
A blue sweep is extremely unlikely, the billionaire said, adding that even if Harris wins the presidency looking at state-by-state polls, it looks like the Republicans are going to win the Senate.
Where you got a blue sweep, you would have a rough time for equities for three to six months, Druckenmiller said. This will translate into the economy because equity ownership is 25% of financial assets, an all-time high, he added.
“So that’s a blue sweep. But the good news or the bad news, depending on how you view life is, I think it’s highly unlikely,” the ex-hedge fund manager said.
A red sweep is probably more likely than a Trump presidency with a blue Congress, he said. This is because anybody who votes for Trump is probably not going to switch their allegiance, he added.
Fiserv Earnings Enjoy 24% Boost, Raises 2024 Outlook On Heels Of DoorDash Partnership
Fiserv, Inc FI reported fiscal third-quarter results, with revenue increasing by 7% year-over-year to $5.22 billion, beating the analyst consensus estimate of $4.91 billion. Adjusted revenue increased 7% year-over-year to $4.88 billion.
The financial technology and services provider’s adjusted EPS of $2.30 beat the analyst consensus estimate of $2.26.
Also Read: Apple Pay Expands Buy Now, Pay Later With Affirm, Adds Support For Third-Party Browsers And More
The adjusted EPS marked a 17% increase over last year’s period. The stock price slid after the print.
Organic revenue grew 15%, led by 24% growth in Merchant Solutions and 6% in Financial Solutions.
The adjusted operating margin increased by 170 bps Y/Y to 40.2%. Adjusted operating margin increased 290 basis points Y/Y to 37.7% in the Merchant Solutions segment and by 40 bps Y/Y to 47.4% in the Financial Solutions segment.
“We are pleased with our third quarter performance, which showcases strength across both our Merchant and Financial Solutions segments and several significant new wins,” Chair and CEO Frank Bisignano said.
FY24 Outlook: Fiserv raised organic revenue growth outlook to 16%-17% (prior 15%-17%) and raised adjusted EPS outlook to $8.73-$8.80 (prior $8.65 – $8.80), representing growth of 16%-17% Y/Y versus the $8.75 consensus.
Fiserv announced a partnership with DoorDash Inc DASH to integrate financial services into the online delivery platform.
Through this partnership, DoorDash is leveraging Fiserv’s expertise in merchant acquiring, account processing, and card issuing to streamline financial services for Dashers. Starion Bank, a long-standing Fiserv client, will act as the Sponsor Bank for the Crimson accounts.
Fiserv stock gained 80% in the last 12 months.
Price Action: FI stock is down 0.85% at $195.50 premarket at the last check on Tuesday.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
DOJ Sues Rocket Mortgage, Appraisal Companies For Alleged Racial Discrimination — Rocket Responds: 'Massive Overreach'
The U.S. Department of Justice (DOJ) announced Monday afternoon that it’s going after a group of companies for alleged racial discrimination in mortgage refinancing applications.
What To Know: The DOJ filed a lawsuit against Rocket Companies Inc.’s RKT Rocket Mortgage; as well as Solidifi US; Maverick Appraisal Group and Maverick CEO Maksym Mykhailyna, alleging that the parties discriminated against a Black homeowner by “undervaluing her home based on her race” in an appraisal that takes place when a homeowner files to refinance their mortgage.
The DOJ also alleged Rocket Mortgage further interfered with the homeowner’s rights by canceling her mortgage refinance application after she reported the discrimination.
Benzinga reached out to Rocket Companies, Solidifi US and Mykhailyna’s company Maverick Appraisal Group for comment on the allegations.
Rocket Mortgage issued the following statement to Benzinga in response to the DOJ’s lawsuit:
“Under federal law, mortgage lenders are required to work at arm’s length during the appraisal process, partnering with independent appraisal management companies who assign the work to state-licensed professional appraisers. The law’s intent is to determine the home’s value without any input or bias from the lender or any other party with interest in the transaction,” the company said.
“It is clear the government isn’t interested in their own rules, or facts, and are simply including us in this case to score headlines based on our strong brand and prominent position in the industry. We look forward to exposing the government’s massive overreach in this matter.”
According to the DOJ, the homeowner applied for a mortgage refinancing loan from Rocket Mortgage in early 2021. Rocket Mortgage contracted Solidifi to appraise the home and Solidifi retained Mykhailyna and his company for the appraisal.
The home was located in a predominantly white neighborhood in Denver, but the complaint alleged Mykhailyna used sales data from neighborhoods that were further away and had larger Black populations. Mykhailyna also allegedly used homes in the same neighborhood to support an appraisal for a white homeowner in the same neighborhood a few months earlier.
“The complaint alleges that these and other errors demonstrate Mykhailyna undervalued the property because of race and color,” the press release states.
Mykhailyna sent his appraisal to Solidifi, which reviewed the appraisal and forwarded it to Rocket Mortgage. When Rocket Mortgage presented it to the homeowner, she contacted the company and explained why she believed there was racial discrimination involved. The DOJ claimed Rocket Mortgage canceled her refinance application in response.
The homeowner then filed a complaint with the Department of Housing and Urban Development (HUD), which conducted an investigation before referring the matter to the DOJ.
“HUD applauds today’s action and remains committed to working with DOJ to ensure appraisal companies and mortgage providers are held accountable when they violate our nation’s fair housing laws,” said principal deputy assistant secretary Diane Shelley of HUD’s Office of Fair Housing and Equal Opportunity.
“It has been over 56 years since the passage of the Fair Housing Act, and it is unconscionable that Black and Brown families still face discrimination during housing transactions.”
Rocket Companies shares closed Monday down 9.33% at $16.33, according to pricing data from Benzinga Pro.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
$150,000 Now or $1,200 a Month: Is a Lump Sum or Annuity Payment Better?
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When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement.
Monthly payments over time are the format that most people associate with pensions. However, a lump sum payment can, sometimes, be the better option. Depending on what your company offers and what kind of returns you can pursue, you might collect more from your money in the long run by taking it all up front.
For example, say that you’re an individual getting ready for retirement. Your employer has offered you either a $150,000 lump sum or $1,200 monthly payments for life. Here’s how to think about it.
To speak to a professional about your own retirement options, you can get matched with a fiduciary financial advisor for free.
Pensions are otherwise known as “defined benefit retirement plans.” This means that your employer commits to providing certain benefits in retirement. This is as opposed to “defined contribution retirement plans,” through which your employer commits to providing certain contributions during employment.
With a pension, your employer promises to provide monthly payments throughout your retirement. The exact amount can range widely, and is typically determined by factors that include your age, salary history, tenure with the company and seniority at retirement. This amount may be indexed to inflation or, like an annuity, it might be fixed.
It is the employer’s responsibility to keep the pension funded and solvent throughout eligible former employees’ lifetimes. To ensure that this system functions, pensions are backstopped by a federal agency which insures pensions up to a maximum amount.
Pensions are popular among workers and retirees because of their reliability. You don’t have to worry about balancing savings against costs of living. Nor do you need to manage complex, unpredictable and (if, you go it alone, very mixed) market returns. Instead, you can simply retire with an income.
For this same reason, however, pensions have become unpopular among employers. The same reliability that makes pensions valuable for retirees creates high and indefinite costs for companies. The expense of caring for a former workforce, quite simply, is very expensive.
As a result, among employers that do offer a pension, it’s common to offer “lump sum distributions.” With a lump sum distribution, the employee receives a single payout at retirement instead of monthly payments for life. This can turn an indefinite series of payments into one, scheduled expense, which is much more manageable for the employer.
Biogas Compression Market Set to Hit USD 319.2 million by 2031, with 21.2% CAGR: Analysis by Transparency Market Research, Inc.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 22, 2024 (GLOBE NEWSWIRE) — The global biogas compression market (바이오가스 압축 시장) is estimated to flourish at a CAGR of 21.2% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for biogas compression is estimated to reach US$ 319.2 million by the end of 2031.
Evolving financing models are playing a crucial role in market growth. Innovative financing mechanisms such as green bonds, crowd funding, and public-private partnerships are providing funding avenues for biogas projects, particularly in emerging economies where traditional financing may be limited.
Regulatory harmonization efforts are streamlining biogas project development across borders. Standardization of regulations and permitting processes facilitates cross-border investment and project deployment, fostering market expansion and global collaboration in the biogas compression sector.
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Advancements in biogas upgrading technologies are enhancing the quality of biogas for injection into natural gas pipelines. This trend opens up new opportunities for biogas utilization in sectors such as transportation and heating, driving demand for biogas compression systems tailored for pipeline injection applications.
Key Findings of the Market Report
- Screw compressors lead the biogas compression market, offering efficient and reliable compression solutions tailored to the specific requirements of biogas applications.
- Biomethane emerges as the leading application segment in the biogas compression market, driven by its versatility and potential as a renewable fuel source.
- Europe emerges as the leading region in the biogas compression market, driven by robust regulatory support and significant investments in renewable energy infrastructure.
Biogas Compression Market Growth Drivers & Trends
- Increasing adoption of renewable energy sources, driven by government mandates and environmental concerns, boosts demand for biogas compression solutions.
- Continuous innovation in compression technology enhances efficiency and reliability, making biogas compression more viable and cost-effective.
- Growing emphasis on waste-to-energy solutions promotes biogas production, driving the need for efficient compression infrastructure.
- Biogas offers a decentralized energy source, reducing dependence on traditional fossil fuels and enhancing energy security in various sectors.
- Emerging applications of biogas, such as transportation fuel and power generation, open new avenues for market growth and diversification.
Global Biogas Compression Market: Regional Profile
- In North America, stringent environmental regulations and increasing focus on renewable energy solutions propel the demand for biogas compression technologies. The United States, in particular, witnesses significant investments in biogas infrastructure, driven by government incentives and growing awareness of sustainable energy practices.
- Europe stands as a frontrunner in the global biogas compression market, buoyed by ambitious renewable energy targets and robust regulatory support. Countries like Germany, Sweden, and the Netherlands lead in biogas production and utilization, fostering a thriving market ecosystem with a strong emphasis on technology development and deployment.
- Asia Pacific showcases immense growth potential in the biogas compression market, driven by rapid industrialization and urbanization. Countries such as China, India, and Japan are investing in biogas infrastructure to address energy security concerns and mitigate environmental pollution. Government initiatives promoting clean energy adoption further catalyze market expansion across the region.
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Biogas Compression Market: Competitive Landscape
The biogas compression market features a competitive landscape marked by a blend of established players and emerging entrants striving to meet the rising demand for biogas compression solutions. Leading companies such as Atlas Copco, EnviTec Biogas, and Xebec Adsorption dominate with their extensive product portfolios and global presence.
Innovative startups like Greenlane Renewables and Unison Solutions are disrupting the market with cutting-edge technologies and tailored solutions. Strategic partnerships, mergers, and acquisitions are common strategies among key players to enhance market foothold and expand product offerings, intensifying competition and fostering innovation in the biogas compression sector. Some prominent players are as follows:
- Tetra Tech
- Aerzen
- Gardner Denver
- Biokomp Srl
- Hindustan Petroleum Corporation Limited,
- HAUG Sauer Kompressoren AG
- Bauer Compressors Inc.
- Enea Mattei S.p.A.
- Mehrer Compression GmbH
- Tecno Project Industriale Srl
- Avelair
- Fornovo Gas S.p.A.
- Chicago Pneumatic
- Swamatics
- DBS Engineering Services
Product Portfolio
- Tetra Tech offers comprehensive consulting, engineering, and technical services to address complex environmental, infrastructure, and natural resource challenges worldwide. With a focus on sustainability and innovation, Tetra Tech delivers tailored solutions to clients across various sectors, ensuring resilience and long-term success.
- Aerzen specializes in providing high-performance rotary lobe blowers, screw compressors, and gas meters for diverse industrial applications. With a commitment to innovation and reliability, Aerzen delivers energy-efficient solutions that meet the rigorous demands of customers worldwide, ensuring optimal performance and operational excellence.
- Gardner Denver offers a wide range of industrial equipment, including air compressors, blowers, and vacuum pumps, designed to enhance productivity and efficiency across various industries. With a legacy of engineering excellence and customer-focused solutions, Gardner Denver remains a trusted partner for reliable and innovative equipment solutions.
Biogas Compression Market: Key Segments
By Compressor Type
- Piston
- Screw
- Vane
- Liquid Ring
- Diaphragm
- Others
By Application
- Biomethane
- Transportation
- Combined Heat and Power
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Scoliosis Management Market is Projected to Reach $4.39 Billion by 2034, Growing at a 3.7% CAGR | Fact.MR Report
Rockville, MD, Oct. 22, 2024 (GLOBE NEWSWIRE) — According to a new industry report released by Fact.MR, the global scoliosis management market is estimated at US$ 3.05 billion in 2024 and is forecasted to reach US$ 4.39 billion by the end of 2034.
Increasing use of orthopedic implants, rise in the number of scoliosis surgeries, and the development of scoliosis spinal systems with MRI condition clearance are set to drive the growth of the global market over the coming years. Additionally, rising prevalence of idiopathic and congenital scoliosis, particularly in adolescents, will complement market expansion.
- The American Association of Neurological Surgeons (AANS) estimates that around 3% of the population in the United States suffers from scoliosis. Approximately 600,000 patients visit private facilities annually, over 30,000 teenagers wear braces, and approximately 38,000 patients have spinal fusion procedures performed in the country every year.
Increasing aging population has a significant influence on the scoliosis market because degenerative forms of the disorder become more prevalent as people age. Several industry players are investing in R&D to broaden the range of the products they sell. The market is expanding and becoming more competitive, which is leading to the making products at a fair price and benefiting patients.
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Key Takeaways from Market Study
- The global scoliosis management market is projected to expand at a CAGR of 7% from 2024 to 2034.
- The market is calculated to reach US$ 4.39 billion by the end of 2034.
- The market in the United States is set to reach a value of US$ 979 million in 2024.
- Brazil is estimated to account for 2% share of the market in Latin America in 2024.
- Revenue from the sales of scoliosis management solutions in Canada is set to reach US$ 189 million in 2024.
- The Latin American market is evaluated to expand at a CAGR of 6% from 2024 to 2034.
“Degenerative forms of scoliosis become more common with age. Advancements in treatment methodologies and increasing awareness are contributing to the growth of the market,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Scoliosis Management Market:
Key industry participants like DJO Global; TRULIFE; Wellinks, Inc.; Horton’s Orthotics & Prosthetics; Boston O&P; Bauerfeind AG; Spinal Technology Inc.; GE Healthcare; Zimmer Biomet; Medtronic; Exponent Inc., etc. are driving the scoliosis management industry.
Early Diagnosis of Juvenile Scoliosis Prompting Timely Intervention
Juvenile scoliosis is diagnosed between the ages of 5 and 5. At this age, scoliosis tends to grow more quickly. Young people who have scoliosis usually bend to the right. Patients undergoing brace treatment have their spines strengthened and the progressive nature of scoliosis stopped, as the condition worsens with age. Due to variations in the child’s degree of curvature, the braces may need to be changed every 12 to 18 months, which is driving market growth.
- The American Association of Neurological Surgeons (AANS) states that scoliosis is equally common in both genders and typically first appears in individuals between the ages of 10 and 15.
Scoliosis Management Industry News:
Key players in the scoliosis management market are prioritizing research and development to enhance their product offerings. Significant market developments include mergers, acquisitions, and collaborations with other organizations. To thrive in an increasingly competitive landscape, producing affordable products is essential. Many companies are also forming partnerships with local distributors and retailers to strengthen their global presence. Recently, NuVasive Inc. launched MAGEC X in the United Kingdom for treating early-onset scoliosis.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the scoliosis management market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges the scoliosis management market based on indication (cervical thoracic lumbar, thoracolumbosacral orthosis, lumbosacral orthosis), age group (infantile scoliosis, juvenile scoliosis, adolescent scoliosis), and distribution channel (hospital pharmacies, retail pharmacies, online sales), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
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About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
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