Wallstreet

Wall Street pick stocks for a potential $1 trillion energy opportunity

Technicians inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility in Squamish, British Columbia, Canada, on Monday, Nov. 4, 2019.

James MacDonald | Bloomberg | Getty Images

Analysts on Wall Street believe a “hidden” investment opportunity in the energy sector could be instrumental as the world attempts to transition away from fossil fuels.

Carbon capture and storage — known as CCS — capacity could grow nearly 100-fold by 2050, according to Bank of America. Analysts at the bank said cumulative investment in the industry could hit $1 trillion by 2050, according to its more optimistic estimates.

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China’s CICC Fends Off Wall Street With Hiring, Takeovers

(Bloomberg) — As global banks make inroads into China’s $15 trillion asset management market, China International Capital Corp. is launching a counter-offensive spanning from overseas acquisitions to hiring.

CICC is searching for potential targets among medium-sized, Asia-focused managers including stock houses and hedge funds, said Frank Xu, head of asset management. Without takeovers, the size of his business line is already expected to jump at least tenfold in the coming decade from a relatively low base, as mandates from commercial banks drive asset growth.

The Chinese broker is also looking for acquisitions in the wealth business as part of a

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Major Wall Street analysts on Apple’s second quarter earnings

Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California, June 22, 2020.

Brooks Kraft | Apple, Inc. | via Reuters

Wall Street analysts are largely focusing on the iPhone ahead of Apple’s second quarter earnings report on Wednesday after the bell.

The tech giant has largely done well during the pandemic driven by high demand of products like the Mac and iPad. In addition, the company debuted several updated products last week.

But now supply chain questions are emerging over the iPhone as well as sales

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Wall Street Rebounds on Strong Economic Data; Tech Earnings Take Center Stage

Bloomberg

Saudi Arabia in Talks to Sell Aramco Stake to Global Energy Firm

(Bloomberg) — Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast a rebounding economy in the aftermath of the coronavirus pandemic.The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to lock in customer demand for the country’s crude, Crown Prince Mohammed Bin Salman said in a rare interview on

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a look inside the art deco landmark in new york

completed at the peak of new york’s love affair with art deco architecture, ‘one wall street’ still stands today as a landmark to a bygone era. occupying an entire block in the city’s bustling financial district, the building was originally designed by ralph walker, who, in 1957, was hailed as ‘the architect of the century’ by the new york times. constructed for irving trust, an american investment bank, the skyscraper opened at the start of the 1930s and continued to serve as an office building until 2015.

 

now, with the building currently being transformed into residences — the largest

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Asian shares advance after gains on Wall Street

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A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, April 26, 2021. (AP Photo/Vincent Yu)

AP

Shares opened higher in Asia on Monday after a strong finish last week on Wall Street.

Tokyo, Hong Kong, Seoul and Shanghai all started out with modest gains and U.S. futures also edged higher. Oil prices slipped.

Stocks climbed Friday in New York, though the S&P 500 still ended with its first weekly loss in the last five. Technology stocks and banks led

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Wall Street stocks close bumpy week on a high

Wall Street closed the week largely flat following a bumpy five days during which investors debated whether there was enough good news on the horizon to push stocks higher.

The S&P 500 index ended Friday up 1.1 per cent in New York, after closing 0.9 per cent lower in the previous session following reports that the Biden administration would raise capital gains tax for wealthy individuals.

The blue-chip index has gained almost 30 per cent since November, after global drugmakers announced effective coronavirus vaccines and US president Joe Biden’s $1.9tn stimulus programme put money into people’s pockets, sparking an economic

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Wall Street stocks turn lower on reports of Joe Biden’s tax rise

Wall Street stocks turned lower following reports that US president Joe Biden planned to raise capital gains tax for wealthy individuals.

The S&P 500 index gave up morning increases and closed the trading day down 0.9 per cent following a Bloomberg report stating that people earning more than $1m would pay a capital gains rate of 39.6 per cent, up from 20 per cent. The tech-heavy Nasdaq Composite followed the blue-chip benchmark lower, falling 0.9 per cent.

The trading day shaped out to the S&P 500’s worst session in about a month, reversing a markets rally that has prioritised euphoric

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Chipotle stuns Wall Street with quesadilla-fueled earnings win

CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, Kate Rogers breaks down Chipotle’s blockbuster first quarter and massive digital sales growth. Plus, Eunice Yoon is on the ground in Shanghai testing out China’s new digital currency.

Dow closes more than 300 points lower following reports of Biden eyeing capital gains tax hike

U.S stocks reversed lower in a swift fashion on Thursday after reports that President Joe Biden is slated to propose much higher capital gains taxes for the rich.

The Dow Jones Industrial Average dropped 321.41 points, or 1%, to 33,815.90. At its

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