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Carbon emissions from major tech companies surged by 150% from 2020 to 2023, driven by AI advancements and increased data center energy use. Amazon, Microsoft, Meta, and Alphabet saw significant rises in emissions, highlighting a troubling trend in the tech sector's environmental impact. As data centers' electricity consumption is projected to reach 945 TWh by 2030, this growth poses challenges to global climate goals, exacerbated by a lack of regulatory oversight for AI emissions.
Canada Goose Holdings Inc. (NYSE:GOOS) saw significant changes in institutional ownership, with Barclays PLC reducing its stake by 90.1% in the last quarter. Analysts currently rate the stock as "Hold," with a consensus price target of $10.20, while shares opened at $9.10, reflecting a 1.0% decline. The company, which specializes in luxury apparel, operates through Direct-to-Consumer, Wholesale, and Other segments across various global markets.
Rosenblatt Securities raised ANSYS's target price from $335 to $340, maintaining a "neutral" rating. Deutsche Bank AG reduced its stake in the company by 24.2%, while various hedge funds adjusted their holdings. ANSYS reported a quarterly EPS of $1.64, missing estimates, with revenue of $504.89 million, an 8.2% increase year-over-year.
American Express has declared a quarterly dividend of $0.82, payable on May 9th, with an ex-dividend date of April 4th. Analysts have mixed ratings on the stock, with a consensus "Hold" and an average price target of $295.05. Recent insider sales indicate a decrease in positions, while institutional investors have increased their stakes significantly.
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
Peru aims to attract over $500 million for digital infrastructure investments in the next two years, focusing on 5G deployment with partnerships from Chinese companies like ZTE and Huawei. The government supports telecom development through favorable regulations and public-private partnerships, targeting 60% urban 5G coverage by 2025. Internet access has surged from under 20% in 2012 to over 76% in 2023, reflecting significant progress in bridging the digital divide.
China has intensified its crackdown on cryptocurrency, implementing new regulations that require banks to monitor and report cross-border crypto transactions, labeling them as risky financial activities. This ongoing hostility towards digital assets has led many crypto firms to relocate, while other countries like Turkey and Egypt have also enacted their own bans, indicating that China is not necessarily a role model but rather learning from global experiences in crypto regulation.
Bolivia is witnessing a surge in cryptocurrency adoption as Meru launches a blockchain wallet that integrates with Visa, Mastercard, and MoneyGram, targeting freelancers across Latin America. The wallet, built on the Stellar blockchain, offers self-custody and DeFi features, facilitating over 50,000 transactions worth more than $13 million. With cryptocurrency transactions exceeding $75 million in just four months, the trend reflects a growing demand for digital financial solutions in the region.
Meru has launched a blockchain wallet in Bolivia, integrating with Visa, Mastercard, and MoneyGram, targeting freelancers across Latin America. The wallet, built on Stellar's blockchain, allows self-custody and DeFi returns, reflecting a surge in cryptocurrency transactions exceeding $75 million in four months. With over 50,000 transactions processed, Meru aims to enhance digital payment adoption and support remote workers in the region.
India's delegation expressed outrage at COP29 over the swift adoption of a USD 300 billion climate-finance package, which they deemed "unfair" and "stage-managed." Adviser Chandni Raina criticized the amount as "abysmally poor" compared to the USD 1 trillion needed annually by developing countries, highlighting concerns over the sources of funding and the voluntary nature of contributions.
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tech giants carbon emissions rise 150 percent driven by ai advancements
09:50 06.06.2025
canada goose shares see significant institutional trading activity and analyst ratings
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09:10 17.05.2025
rosenblatt securities raises ansys target price to 340 while maintaining neutral rating
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13:08 11.05.2025
american express announces dividend increase and analyst rating updates
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13:45 10.05.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
Peru accelerates digital infrastructure with Chinese partnerships for 5G rollout
03:52 09.03.2025
China's tightening crypto regulations influence global market but not as a model
13:11 03.01.2025
Bolivia embraces cryptocurrency with Meru's new blockchain wallet launch
07:19 17.12.2024
Bolivia embraces cryptocurrency as Meru launches Stellar blockchain wallet for payments
04:53 17.12.2024
India condemns unfair climate finance deal at COP29 amid diplomatic tensions
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13:59 01.12.2024
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