Market Watch

By Thomas Kiessling, CTO, Siemens Smart Infrastructure, and Stefan Niessen, Siemens Technology The current energy crisis is bringing out the sceptic in many of us. As the industry grapples with skyrocketing prices, unchanged demand for fossil fuels, and complicated incentive models – we mustn’t lose hope. There is a light at the end of this tunnel, which can be turned on with the flick of the commercial and industrial (C&I) solar switch. Siemens Smart Infrastructure To understand where we could be heading, we must reflect on where we are coming from. It’s easy to find gloomy sentiment around the energy crisis. One case in point is an article by Reuters , offering a cornucopia of challenges, threats by the industry to declare certain EU countries as non-competitive and concern about the state of manufacturing – in particular the base chemical industry – as manufacturers across continental Europe risk shutdown. The risk of companies leaving a region can be seen in two waves. The first is as a result of energy-induced marginal costs increases above viable limits. One such example is that of ammonia production, which has already left Germany. The second wave is more scattered and can happen with […]

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Bass Performance Hall will offer a special sensory-friendly performance of Disney’s "The Lion King" on Jan. 28 at 1 p.m. (Courtesy Bass Hall | Credit Joan Marcus for Disney) When Bass Performance Hall was scheduling its current Broadway at the Bass season, it was unclear if they would be able to fill the theater for a sensory-friendly performance of Disney’s “The Lion King.” But, within a month of opening tickets to the public, that performance was sold-out. It now has a waitlist of about 200 people. “It’s something that we’ve been interested in doing for a long time, but it takes a lot of pieces coming together to make it happen,” Dione Kennedy said. She is the president and CEO of Performing Arts Fort Worth, Inc. , which is the nonprofit that operates and manages Bass Performance Hall. At every performance, the venue has resources available to make shows more accessible to all patrons, including those with Autism Spectrum Disorder or other Intellectual or Developmental Disabilities, commonly referred to as IDDs . Guests can check out weighted lap pads and sensory bags that contain noise canceling headphones and fidget toys or utilize a designated quiet space. But the Jan. […]

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grandriver Tourmaline Oil Corp . ( OTCPK:TRMLF ) announced on January 12, 2023 that it has revised its production target downward, from 545,000 boe/d to a range of 520,000-540,000 boe/d, and has also revised its capital budget upward due to higher inflation expectations. The market responded negatively to this news, causing the company’s share price to drop by more than 3%, although Tourmaline declared a C$2.00 per share special dividend. This negative sentiment is a continuation of the short-term bearish trend that has been ongoing since December 2022, during which the stock has declined by 19%. It is, therefore, a great time to review whether the business fundamentals have changed for Tourmaline. If the long-term outlook remains bullish, the recent share price weakness should be viewed as a buying opportunity; otherwise, shareholders should move on. Tourmaline overview Tourmaline is the largest natural gas producer in Canada, having produced 2,240.64 MMcf/d of natural gas and 108,457 bbl/d of crude oil condensate and NGLs in 3Q2022, with gas accounting for 77.5% of the total production. The company is also the fourth largest gas processing midstream operator in the country (Fig. 1). Fig. 1. A map showing the landholdings and main midstream […]

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Climate Asset Management has just raised $650 million for its two natural capital investment strategies. Martin Berg , the chief investment officer of its Nature Based Carbon Strategy, explains its approach Environmental Finance : How have the COP15 biodiversity summit and the preceding climate talks changed the context for investing to protect biodiversity? Martin Berg Martin Berg : COP15 has helped elevate nature to a mainstream investment theme. I’ve never seen so much coverage of biodiversity loss and why it’s an important issue for investment. It has certainly changed the narrative. Over the last two years, we’ve seen much more attention given to nature, preceding the two recent summits. At COP26 in Glasgow, for example, the nexus between climate and nature started to become clear for many investors. They view the issue from two directions. Some see nature as an upcoming investment theme, like climate. Others look at the issue from the disclosure side. For example, French investors face disclosure requirements under Article 29 of France’s Energy Transition Law, while others are assessing how the Taskforce on Nature-related Financial Disclosures (TNFD) might affect them. EF: Are there any specific elements of the Global Biodiversity Framework (GBF) agreed at COP15 […]

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John Hood Raleigh, NC – Having enacted major reforms of North Carolina’s tax code, regulatory system, budgeting process, transportation funding, and education system over the past dozen years, what should the General Assembly do next? Phil Berger wants to double down on the legislature’s impressive record of conservative policy innovation. “We must build on that success so future generations of North Carolinians can reach even greater heights,” Berger said after his reelection as Senate President Pro Tem on January 11. “We must provide them with the tools needed to determine their future — from a world-class education to finding a good-paying job in a career of their choice, or to the freedom and opportunity to open their own business.” After his own reelection as Speaker of the House, Tim Moore described a similar vision. “Some of you represent communities where the population is going gangbusters, but others represent areas that are not seeing so much growth,” he told his colleagues. “Some of our challenges, as we move forward this year and enact policies, we will do all we can to make sure that the North Carolina dream of growing and moving forward is one that is enjoyed by everyone […]

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Local businesses across the state will have the chance for a major expansion grant of $25,000 this month. For small businesses, expansion is difficult and often cost prohibitive. Over the past few years, between pandemic restrictions and inflation, small businesses in Michigan have struggled to make a profit and grow — and this grant opportunity can help them. The Michigan Economic Development Corporation is providing a grant called Match on Main to help struggling small businesses. Originally intended to help businesses cope with the cost of adapting to COVID-19 restrictions, the Match on Main grant can now be used to help a business stay on its feet or expand in difficult times. The goal of the program is to support the growth and expansion of small businesses statewide, and help those businesses create and maintain jobs. "This grant helps businesses launch or grow," said Sault Ste. Marie DDA Director Stephanie Sprecker. "The grant can be used for many different things but it helps businesses to expand." The grant has already gone through multiple rounds since its inception, providing businesses across the state with much-needed funding. That includes, in November, two small businesses in Sault Ste. Marie. One of the […]

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The firm shares 2023 predictions and insights related to technology M&A, financings, capital markets dynamics and tech trends to watch in its sixth annual outlook report. NEW YORK and SAN FRANCISCO, Jan. 18, 2023 /PRNewswire/ — Following the challenges of 2022, Union Square Advisors , a technology-focused investment bank, forecasts enticing deal opportunities in the technology industry this year. These perspectives and other insights are showcased in the firm’s 2023 Outlook Report, "Navigating the Path Forward" , released today. Union Square Advisors notes that 2022 created a difficult deal-making environment, marked by stubborn inflation, the war in Ukraine, chronic supply chain problems and the lingering effects of COVID-19. While the firm expects to see volatility continue this year, it is optimistic that the fundamentally solid US economy will lead to a calmer deal making environment. The firm believes the present economic downturn is nearing the bottom and that markets will turn for the better in 2023, with Americans possessing $4+ trillion in savings collectively, individual and institutional investors becoming more eager to provide financing, many companies still hiring and the Federal Reserve moving aggressively to curb inflation. The report delves into more detail on the following trends in technology, […]

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Cult London-based streetwear brand Corteiz is launching its first major brand tie-up. On Monday night, a large Corteiz logo was projected onto the front of Nike’s flagship store on London’s Oxford Street. Passers-by posted it on TikTok, speculating that it was yet another stunt from Corteiz founder Clint419, akin to his past guerrilla pop-up moments on the streets of London or Paris. In fact, it was not a prank. It was a hint at what is to come: Nike has confirmed a collaboration will launch in the coming months. Corteiz has been one of streetwear’s biggest disruptors since its launch in 2017. Along with its unique, exclusive and innovative marketing strategy, no drop is ever the same; a tactic designed to keep its cult fanbase engaged. The pieces feature its distinctive Alcatraz logo, which represents rebellion against convention. Retail prices range from £30 for T-shirts to £125 for cargos. Although in its infancy, the brand has garnered celebrity backing, including from British rappers Dave and Central Cee. Its previous collaborators include Nigerian streetwear label Motherlan and Manchester-based rapper Meekz. Nike declined to share further details on the tie-up, which follows its high-profile collaborations with labels including Stüssy and Jacquemus. […]

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If diving into entrepreneurship was on your list of New Year’s resolutions this year, you might be wondering how to position yourself for maximum success. Maybe you’ve already checked some of the essentials off your list: You’ve come up with a business idea , started market research and gotten critical feedback . But you should also consider what could go wrong and get ahead of it. Something as simple as where you launch your venture could mean the difference between if it flourishes — or fails. According to the U.S. Small Business Administration , your business location is "one of the most important decisions you’ll make," as it impacts your taxes, legal requirements, revenue and more. Wallethub compared the 50 states across 27 key indicators of startup success to zero in on the best place to start and grow your next big idea . Here’s what it found: Overall Rank: 1 State: Utah Total Rank: 59.91 Business Environment: 7 Access to Resources: 1 Business Costs: 32 2 Florida 59.21 1 14 24 3 Texas 56.85 3 12 31 4 Colorado 56.14 4 7 35 5 Idaho 55.88 9 21 10 6 Georgia 55.37 5 26 19 7 Arizona 53.79 […]

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Amazon reportedly plans to lay off 10,000 workers this week 00:00 00:0004:16GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Amazon’s workforce reduction – the largest in its history – will begin Wednesday. Earlier this month, Amazon CEO Andy Jassy told employees in a blog post that the company was laying off about 18,000 people as it seeks to cut costs and would begin contacting impacted employees on Jan. 18. "Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so," Jassy said in the Jan. 4 post. "These changes will help us pursue our long-term opportunities with a stronger cost structure." Amazon declined to comment beyond the blog post. Ticker Security Last Change Change % AMZN AMAZON.COM INC. 98.12 +2.85 +2.99% Powered By The layoffs , which are just a fraction of its 1.5 million global workforce and part of the company’s ongoing annual operative review, will mostly impact the company’s Amazon Stores division — which encompasses its e-commerce business as well as company’s brick-and-mortar stores — and its PXT organizations, which handle human resources and other functions. Amazon’s workforce reduction – the largest in its history – will begin Wednesday. Jassy first […]

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