ByteDance Ltd. ’s TikTok has dropped plans to invest in a new Irish data center in a blow to the country’s reputation as a data center hub as it grapples with concerns over grid capacity. Instead of expanding capacity in Ireland, the social media platform is focusing on other projects to store European user data in the region, a company spokesperson said on Wednesday, confirming an earlier report ...
ByteDance Ltd. ’s TikTok has dropped plans to invest in a new Irish data center in a blow to the country’s reputation as a data center hub as it grapples with concerns over grid capacity. Instead of expanding capacity in Ireland, the social media platform is focusing on other projects to store European user data in the region, a company spokesperson said on Wednesday, confirming an earlier report from Ireland’s Business Post . ByteDance had previously signed an agreement for two buildings in Clondalkin in the west of Dublin. Ireland is one of Europe’s biggest data center hubs, but in recent years development has come to a halt as the country’s power grid failed to keep up with demand. A review by the regulator resulted in an effective four-year pause on network connections in the capital. Read More: Ireland Is Trying to Get Back on the Data Center Bandwagon ByteDance also has data-center projects in Norway and Finland and will now focus on those to bolster capacity to store its European data, the spokesperson said. The company will continue to operate its first data center in Ireland, which came online in 2023 and remains a key part of TikTok’s European operations, the spokesperson said. Ireland Pushes Power Plan to Attract Data Center Investment Ireland Ends Moratorium on New Power Links to Data Centers (1) Ireland Must Fix Infrastructure to Keep Investors, Makhlouf Says
alvarez/iStock via Getty Images Investment thesis The massive disruptions in LNG supplies from the ME, as well as from Russia, have short-term as well as long-term implications for Cheniere's ( LNG ) outlook. In the short term, the disruption stemming from the Strait of Hormuz has the potential to replicate the LNG price spike we saw in 2021-2022 if the conflict continues for a prolonged period. I...
alvarez/iStock via Getty Images Investment thesis The massive disruptions in LNG supplies from the ME, as well as from Russia, have short-term as well as long-term implications for Cheniere's ( LNG ) outlook. In the short term, the disruption stemming from the Strait of Hormuz has the potential to replicate the LNG price spike we saw in 2021-2022 if the conflict continues for a prolonged period. In the longer term, Qatar is faced with a multi-year partial outage. The Chinese-Russian Power of Siberia 2 project is more likely to be implemented, and perhaps the timeline will be expedited based on recent reports. This leaves the Europeans with no choice but to remain heavily dependent on a potentially tight LNG market, with no choice but to buy the needed volumes, regardless of the prevailing price. Among the potentially negative long-term factors I am looking at for Cheniere, I see early signs of the US shale patch stagnating, which could lead to rising natural gas prices in the US, which can potentially cut into Cheniere's profitability. With these considerations in mind, I see Cheniere's current share price as fully reflecting the potential fundamental upside, which is why I recently sold my position, and I am looking to buy again at some point, in a post-war new normal. Going from a buy to a hold I last covered Cheniere in December, when I had it as a buy on a significant pullback in its share price, which I found to have not been supported by its company-specific profile, as well as the external market outlook. At the time, I was watching the tightening of the natural gas market in Europe as a sign of higher potential LNG prices. Cheniere's stock price is up nearly 60% since I wrote that article, so I decided to take profits on my position, and I am currently designating the stock as a hold. I should mention that while most of the gain happened in March, Cheniere also saw its share price increase by 25% between the time I wrote the December article and the end of F...
The country's third largest cruise line has historically been a laggard relative to its peers. But that doesn't mean it will always be that way for Norwegian Cruise Line (NYSE: NCLH) . Can this textbook cheap stock become a world-beater? That's a big question, and I can only counter with some equally large predictions. Here are three things I see playing out in the next nine months for Norwegian C...
The country's third largest cruise line has historically been a laggard relative to its peers. But that doesn't mean it will always be that way for Norwegian Cruise Line (NYSE: NCLH) . Can this textbook cheap stock become a world-beater? That's a big question, and I can only counter with some equally large predictions. Here are three things I see playing out in the next nine months for Norwegian Cruise Line and its shareholders. Image source: Getty Images. Continue reading
U.S. cargo airline 21 Air has replaced Tim Strauss with a former Cargojet executive. Cargojet is a Canadian company that holds a minority interest in 21 Air, which is required by law to be run by U.S. citizens. The post Canada’s Cargojet plays role in CEO exit at Amazon partner 21 Air appeared first on FreightWaves.
U.S. cargo airline 21 Air has replaced Tim Strauss with a former Cargojet executive. Cargojet is a Canadian company that holds a minority interest in 21 Air, which is required by law to be run by U.S. citizens. The post Canada’s Cargojet plays role in CEO exit at Amazon partner 21 Air appeared first on FreightWaves.
A policy joint released by the NFRA and the PBOC on March 15 required lenders disclose all comprehensive financing costs to borrowers by Aug. 1. Photo: VCG China’s financial regulators are intensifying a crackdown on the consumer lending and loan-facilitation business, summoning major platforms for talks and pressing the industry to sharply curb borrowing costs. As Beijing tries to support growth ...
A policy joint released by the NFRA and the PBOC on March 15 required lenders disclose all comprehensive financing costs to borrowers by Aug. 1. Photo: VCG China’s financial regulators are intensifying a crackdown on the consumer lending and loan-facilitation business, summoning major platforms for talks and pressing the industry to sharply curb borrowing costs. As Beijing tries to support growth while containing financial risks, the policy emphasis is shifting from expanding credit access to shielding consumers from excessive debt. Recent moves underscore a stepped-up push by the National Financial Regulatory Administration (NFRA) and the People’s Bank of China (PBOC) to rein in a sector long criticized for opaque pricing.
Looking at the universe of stocks we cover at Dividend Channel, on 4/2/26, Wabash National Corp (Symbol: WNC) will trade ex-dividend, for its quarterly dividend of $0.08, payable on 4/23/26. As a percentage of WNC's recent stock price of $8.67, this dividend works out to approx
Looking at the universe of stocks we cover at Dividend Channel, on 4/2/26, Wabash National Corp (Symbol: WNC) will trade ex-dividend, for its quarterly dividend of $0.08, payable on 4/23/26. As a percentage of WNC's recent stock price of $8.67, this dividend works out to approx
IBM teams up with ETH Zurich to develop next-gen quantum-AI algorithms, targeting a fast-growing market and strengthening its research-driven strategy.
IBM teams up with ETH Zurich to develop next-gen quantum-AI algorithms, targeting a fast-growing market and strengthening its research-driven strategy.
Funtay/iStock via Getty Images Alcoa ( AA ) surged 6.1% in Wednesday's trading to a new three-year high following a Bloomberg report that Emirates Global Aluminium , the Middle East's biggest aluminum producer, has halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend. Also, Century Aluminum ( CENX ) up 6.4%, Constellium ( CSTM ) up ...
Funtay/iStock via Getty Images Alcoa ( AA ) surged 6.1% in Wednesday's trading to a new three-year high following a Bloomberg report that Emirates Global Aluminium , the Middle East's biggest aluminum producer, has halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend. Also, Century Aluminum ( CENX ) up 6.4%, Constellium ( CSTM ) up 5.4%, Kaiser Aluminum ( KALU ) up 5.9%, Rio Tinto ( RIO ) up 1.5%, BHP ( BHP ) up 1.6%. The smelter lost power from the attacks, and potlines were forced into an uncontrolled shutdown, causing metal to solidify inside the smelting circuits, resulting in significant damage to the operations, according to the report . Aluminum futures ( LMAHDS03:COM ) on the London Metal Exchange have surged since the Iranian attacks, with Aluminium Bahrain, another major producer in the region, also saying its operations were hit by Iran over the weekend. The Middle East produces ~9% of global aluminum supply, with EGA and others playing a key role in supplying manufacturers across Europe, Asia and the U.S.; even before the weekend strikes, the effective closure of the Strait of Hormuz had left the region’s major producers short of critical inputs. More on Alcoa, Century Aluminum and aluminum futures Alcoa Has A Lot Going For It That Justifies Further Upside Century Aluminum: A High Stakes Strait Of Hormuz Hedge Commodities: Oil Falls Below $100 On Optimism Over Iran War
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Asia 50 ETF (Symbol: AIA) where we have detected an approximate $270.7 million dollar inflow -- that's a 8.8% increase week over week in outs
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Asia 50 ETF (Symbol: AIA) where we have detected an approximate $270.7 million dollar inflow -- that's a 8.8% increase week over week in outs
hapabapa/iStock Editorial via Getty Images Novo Nordisk: Can The Fallen Rise Again? I've been humbled about how wrong my call on Novo Nordisk A/S ( NVO ) ( NONOF ) has turned out. It has been nothing short of a massacre, as bulls continue to shun and avoid picking up the fallen knives, even as NVO’s valuation is now at a level so low that it’s hard to fathom just how much lower the market wants to...
hapabapa/iStock Editorial via Getty Images Novo Nordisk: Can The Fallen Rise Again? I've been humbled about how wrong my call on Novo Nordisk A/S ( NVO ) ( NONOF ) has turned out. It has been nothing short of a massacre, as bulls continue to shun and avoid picking up the fallen knives, even as NVO’s valuation is now at a level so low that it’s hard to fathom just how much lower the market wants to take it. The challenges that it is currently facing in the market and also against its formidable rival, Eli Lilly ( LLY ), have completely eviscerated its valuation premium and more, arguably putting the stock into deep value territory or a cautionary tale to avoid (value trap). NVO and peers valuations (Author, S&P Cap IQ data) Of course the low valuation is not solely alluded to NVO. You can see for yourself from the above table where Pfizer’s ( PFE ) valuation is also at similar levels to NVO (at just 10.3x vs. PFE's 9.2x). But if we compare that against LLY’s 24x multiple, I think one couldn't help but worry whether most of the weight loss drug investors have fled Novo in lieu of Eli Lilly, if they expect worse times to follow, especially since recent study results haven't been convincing enough for long-term buyers to return more aggressively, I think. And I think it's hard to argue that such pessimism is not justified. It was only in late February when the results from the REDEFINE 4 trial disappointed Wall Street, showing little sign of overturning the prevalent advantage of Lilly’s Zepbound, as “CagriSema, a combination of its FDA-approved GLP-1 drug semaglutide and amylin analogue, cagrilintide, generated only ~20% of weight loss over 84 weeks, compared to Zepbound’s 23.6%.” Because these results are expected to have long-term ramifications. Particularly since even though the market is still expanding through the rest of the decade, JPMorgan believes that the obesity drugs market could hit $200 billion through 2030. A key driving force behind the market expansion...
The U.S. economy still has room to expand so long as gas doesn't go much above $4 a gallon, according to Jeremy Siegel. "I don't think it's going to get much above $4.10, unless there's some extreme measure going on," the professor emeritus of finance at University of Pennsylvania's Wharton School of Business told CNBC's " Squawk on the Street " on Wednesday. "And the economy can expand under that...
The U.S. economy still has room to expand so long as gas doesn't go much above $4 a gallon, according to Jeremy Siegel. "I don't think it's going to get much above $4.10, unless there's some extreme measure going on," the professor emeritus of finance at University of Pennsylvania's Wharton School of Business told CNBC's " Squawk on the Street " on Wednesday. "And the economy can expand under that oil situation." Investors have worried that higher prices at the pump will quickly raise costs for families, driving higher inflation at the same time as a weakening labor market that could result in a weaker economy. U.S. gasoline prices that have surged above $4 a gallon for the first time since 2022, spiking more than 30% since U.S. and Israel first attacked Iran in late February. Prices at the pump hit a nationwide average of $4.018, according to AAA. However, Siegel thinks those prices are nevertheless not very high on a historical basis when adjusted for inflation. He also noted there have been some encouraging signs the U.S.-Iran war may soon be over, including Israeli Prime Minister Benjamin Netanyahu's saying he thinks Iran is no longer an existential threat , according to Haaretz, an Israeli news organization. "There is some feeling that this will wrap up," Siegel said. "It is important to wrap up."
Looking at the universe of stocks we cover at Dividend Channel, on 4/2/26, Two Harbors Investment Corp (Symbol: TWO) will trade ex-dividend, for its quarterly dividend of $0.34, payable on 4/15/26. As a percentage of TWO's recent stock price of $11.41, this dividend works out t
Looking at the universe of stocks we cover at Dividend Channel, on 4/2/26, Two Harbors Investment Corp (Symbol: TWO) will trade ex-dividend, for its quarterly dividend of $0.34, payable on 4/15/26. As a percentage of TWO's recent stock price of $11.41, this dividend works out t
(RTTNews) - Business inventories in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Commerce Department on Wednesday.
(RTTNews) - Business inventories in the U.S. unexpectedly edged slightly lower in the month of January, according to a report released by the Commerce Department on Wednesday.
After being congratulated by President Trump for US manufacturing success, Nissan’s Americas chief Christian Meunier joins Bloomberg Open Interest to explain how tariffs are reshaping strategy by accelerating domestic production while squeezing margins. Despite the pressure, Nissan is committed to affordable cars and fighting a 25% tariff disadvantage. (Source: Bloomberg)
After being congratulated by President Trump for US manufacturing success, Nissan’s Americas chief Christian Meunier joins Bloomberg Open Interest to explain how tariffs are reshaping strategy by accelerating domestic production while squeezing margins. Despite the pressure, Nissan is committed to affordable cars and fighting a 25% tariff disadvantage. (Source: Bloomberg)