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Oneok CEO Terry Spencer to retire on September 30, 2021

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

Jim Rogers Warns The "Worst Bear Market Of Our Lifetime" Is Fast Approaching

Jim Rogers Warns The "Worst Bear Market Of Our Lifetime" Is Fast Approaching Via Wealthion.com, Legendary investor Jim Rogers has seen more market ups and downs than most people alive today. And he has successfully made money - a LOT of money - in the process. But given today’s macro-environment, he’s more concerned about the market’s future prospects than he’s ever been before. In fact, he confidently predicts we will experience a massive economic and financial correction that will result in the biggest bear market of our lifetime. Too much debt. Rising inflation. Currency debasement. Malinvestment. Central bank intervention. Geopolitical stress. The current macroeconomic environment has it all. Rogers predicts collapse will begin in the weaker countries/companies first, and then cascade it way towards the US, eventually plunging the entire system into deep recession, if not a downright Depression. Here in Part 1 of our interview with Jim, he explains how bad he thinks things will get and why. Using his international viewpoint, he also unpacks China’s future prospects given its current challenges (including Evergrande) and the potential for greater competition from an opening of commerce between South and North Korea. And in Part 2,  Jim offers his advice to prudent investors looking to survive the coming bear market he predicts, and provides his outlook on a number of different commodities, including oil, uranium, farmland and precious metals. “I caution all of you, it’s been 11 years since we’ve had a serious bear market... and I would suggest to you that maybe next time when we have a serious bear market it’s going to be the worst in my lifetime,” Rogers previously told an international forum hosted by Russia. Reflecting on the piling-on of more and more debt by policymakers to paper over every crack in any economy or market, Rogers previously noted that "eventually, the market is going to say: ‘We don't want this, we don’t want to play this game anymore, and we don’t want your garbage paper anymore’." And when that happens, Rogers warns that central banks will print even more and buy even more assets. “And that’s when we will have very serious problems... We all are going to pay a horrible price someday but in the meantime it’s a lot of fun for a lot of people.” *  *  * Global investor Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37 – and has been sharing his wisdom with investors ever since, as well as having some pretty amazing life adventures. Tyler Durden Tue, 09/21/2021 - 15:39.....»»

Category: blogSource: zerohedge15 hr. 40 min. ago

AutoNation CEO Mike Jackson to retire after 22 years in the role

AutoNation Inc. said Tuesday that long-time Chief Executive Mike Jackson will retire, effective Nov. 1. The stock was indicated up 0.7% in premarket trading. The auto retailer said Mike Manley will join the company and become CEO on Nov. 1. Manley was most recently CEO of Fiat Chrysler Automobiles from July 2018 to January 2021, and currently serves as Head of Americas at Holland-based automobile company Stellantis N.V. , which was formed by the merger between Fiat Chrysler and PSA Group. "It has been a remarkable honor to serve as CEO for the past 22 years," Jackson said. "I have every confidence Mike Manley will lead AutoNation to an even brighter future." AutoNation's stock has rallied 70.3% year to date, while the S&P 500 has gained 16.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: marketwatchSep 21st, 2021

NASA plans to spend up to $400 million on commercial space stations. It"s evaluating about a dozen proposals from companies.

NASA expects to retire the International Space Station by the end of the decade. The agency is turning to private companies to build new alternatives. The International Space Station, photographed by Expedition 56 crew members from a Soyuz spacecraft after undocking, October 4, 2018. NASA/Roscosmos NASA plans to award up to $400 million to companies that want to build private space stations. From about a dozen proposals, NASA aims to pick two to four by the end of the year, CNBC reported. NASA hopes to be one of many customers on these private stations after the International Space Station retires. See more stories on Insider's business page. NASA is preparing to award up to $400 million to companies that want to build their own space stations.The agency has relied on the International Space Station (ISS) for 20 years, but it won't last forever. NASA expects to retire the ISS by the end of the decade, eventually emptying it and pushing it into Earth's atmosphere to burn up.NASA doesn't want to build a new space station itself. Instead, it's turning to private companies, offering them contracts to build their own stations through a program called Commercial Low-Earth Orbit Destinations.That program has "received roughly about a dozen proposals," Phil McAlister, NASA's commercial-spaceflight director, told CNBC reporter Michael Sheetz. NASA plans to pick two to four of those proposals by the end of the year and distribute up to $400 million in contracts between the winners, according to CNBC. An illustration shows an Axiom Space module orbiting Earth. Axiom Space "We got an incredibly strong response from industry to our announcement for proposals for commercial, free fliers that go directly to orbit," McAlister told CNBC. "I can't remember the last time we got that many proposals [in response] to a [human spaceflight] contract announcement."Operating the ISS currently costs NASA about $4 billion per year. Buying facilities on larger stations operated by private companies could save the agency more than $1 billion per year, McAlister said.NASA declined to name the companies that submitted proposals, citing a "blackout" period while it evaluates them. But more than 50 entities expressed interest when the program was announced, including SpaceX, Blue Origin, Boeing, and Airbus, according to Sheetz. McAlister said the current proposals come from a mix of legacy spaceflight companies and startups."We are making tangible progress on developing commercial space destinations where people can work, play, and live," he told CNBC.NASA used a similar contest to encourage commercial spaceships The Boeing CST-100 Starliner spacecraft is lowered onto an Atlas V rocket in Cape Canaveral, Florida, on November 21, 2019. Cory Huston/NASA NASA took a similar approach when it sought a replacement for the Space Shuttles: It offered funding to companies to develop and build new spaceships. The agency's Commercial Crew Program chose SpaceX and Boeing out of a group of proposals and funded each to develop new human-rated spaceships. Last year, NASA estimated that program would save it $20 billion to $30 billion.SpaceX's Crew Dragon ship is the product of that program, and it's now regularly flying astronauts to and from the ISS for NASA. It also just flew its first tourists on a mission that did not involve NASA beyond the use of its launchpad in Cape Canaveral, Florida. SpaceX has another private mission lined up in January, in which it's set to fly four people to the ISS for the company Axiom Space. The Crew Dragon spaceship Endeavour approaches the International Space Station with astronauts on board, April 24, 2021. NASA Private companies have also developed the vehicles that carry cargo to the ISS for NASA. As it does with all of these spaceships, NASA hopes to be one of many customers paying for space on future space stations. That's partially why its contracts won't fully fund their development."Going forward, we do not anticipate paying for the entire commercial destinations. We don't think that's appropriate, as the companies are going to own the intellectual property and they're going to be able to sell that capability to non-NASA customers," McAlister told CNBC.There are already new space stations in the making. China launched the first piece of its own space station earlier this year, and just completed its first three-month astronaut mission there last week. NASA, meanwhile, has already awarded Axiom Space $140 million to fly modules up to the ISS that will eventually detach from it to become their own space station. Axiom aims to launch its first module in 2024.Read the original article on Business Insider.....»»

Category: worldSource: nytSep 21st, 2021

Oneok CEO Terry Spencer to retire on September 30, 2021

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 25th, 2021

Amazon to retire Prime Now app, website by end of 2021

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 21st, 2021

Boeing CFO Greg Smith to retire in July 2021

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 20th, 2021

Adobe CFO Murphy to retire in 2021

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 23rd, 2021

Earnings Results: Adobe earnings, sales top estimates

The Silicon Valley company also offered second-quarter and full-year guidance that exceeded analyst estimates, and said Chief Financial Officer John Murphy intends to retire in 2021......»»

Category: topSource: marketwatchMar 23rd, 2021

Lenovo COO Lanci to retire

Gianfranco Lanci, COO and president for Lenovo, will retire from the PC vendor in September 2021. The company also disclosed organization and personnel changes that will become effective on April 1......»»

Category: topSource: digitimesFeb 5th, 2021

HanesBrands CEO Gerald Evans to retire in January 2021

HanesBrands Inc. announced Wednesday that Chief Executive Gerald Evans inte.....»»

Category: topSource: marketwatchMar 11th, 2020

Commerce Bank of Arizona CEO to retire, Phoenix market leader promoted

John Lewis, president and CEO of Commerce Bank of Arizona, will retire effective April 21, 2021, and will serve as the Tucson market president until his retirement. "It has been my privilege to serve as CEO of CBAZ," Lewis said in a statement. "I'm.....»»

Category: topSource: bizjournalsFeb 25th, 2020

GM to retire iconic Australian Holden brand

As General Motors restructures its global business, the Australian iconic Holden brand is to be retired by 2021. Libby Hogan reports......»»

Category: videoSource: reutersFeb 17th, 2020

General Motors to wind down Australia, NZ operations, sell Thai plant to Great Wall

General Motors Co is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021......»»

Category: topSource: reutersFeb 17th, 2020

General Motors to wind down Australia, New Zealand operations, sell Thailand plant

General Motors Co is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021......»»

Category: topSource: reutersFeb 16th, 2020

Allete appoints Bethany Owen as CEO, Alan Hodnik to retire in May 2021

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 3rd, 2020

Bronx BP Díaz Jr. drops out of mayoral race—and politics, he says

Bronx borough president has called off his run for mayor and will retire from elected office at the end of his term in 2021, he told supporters Monday. Díaz said he decided to make his decision... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 30th, 2020

Eaton Vance is looking for its next CFO

Eaton Vance Corp. Chief Financial Officer Laurie Hylton has told the asset manager that she plans to retire in early 2021, with the Boston-based firm saying it will kick off a search for her replacement in the first half of next year.  The company.....»»

Category: topSource: bizjournalsNov 18th, 2019

Leading And Lagging Sectors For September 22, 2021

Gainers read more.....»»

Category: blogSource: benzinga24 min. ago

EquityNet Surpasses 200,000 Members & $600 Million Raised

Salt Lake City, UT, Sept. 22, 2021 (GLOBE NEWSWIRE) -- EquityNet, the pioneer of business crowdfunding, is announcing today that its crowdfunding platform has surpassed $600 million in funding raised by over 1,000 businesses. The EquityNet platform now includes over 200,000 entrepreneur and investor members and 10,000 listed companies, making EquityNet one of the industry's largest business crowdfunding platforms.   Judd Hollas, founder and CEO of EquityNet, stated, "We're excited to announce the continuing growth of our platform and are delighted with our new milestones of 200,000 members and $600 million raised. Since its inception in 2005, EquityNet has allowed entrepreneurs from all industry sectors to connect with angel investors to raise one of the largest amounts of business ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzinga40 min. ago

Bitcoin Mining Produces 30,700 Tons Of Waste Every Year

According to estimates by researchers Alex de Vries and Christian Stoll, bitcoin mining produces almost 30,700 tons of waste in electronic waste every year. As cryptocurrencies become more common, they are likely to grow into a bigger environmental problem. Q2 2021 hedge fund letters, conferences and more Bitcoin Mining, An Environmental Issue The BBC reports […] According to estimates by researchers Alex de Vries and Christian Stoll, bitcoin mining produces almost 30,700 tons of waste in electronic waste every year. As cryptocurrencies become more common, they are likely to grow into a bigger environmental problem. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more Bitcoin Mining, An Environmental Issue The BBC reports that, according to the researchers’ estimates, the 30,700 tons average 272g (9.5oz) per transaction, while an iPhone 13 weighs 173g (6.1oz). This is because bitcoin mining utilizes a large amount of energy. “Attention has been focused on the electricity this consumes –currently more than the Philippines– and the greenhouse gas pollution caused as a result.” Amid the calculations, the computers that miners use for bitcoin mining have an average lifespan of 1.29 years, which results in thousands of e-waste tons annually. “The amount of e-waste produced is comparable to the ‘small IT and telecommunication equipment’ waste of a country like the Netherlands researchers said  –a category that includes mobile phones, personal computers, printers, and telephones.” According to Quartz, any downtime in the bitcoin mining system makes the next coin harder to earn, “and the only way to get an edge over competitors is to run more computers.” So, when the price of bitcoin increases, so does the mining activity, the energy usage, and the carbon footprint. Bitcoin Mining Efficiency In the quest for using increasingly efficient processors that consume less, the bitcoin industry has come across highly specialized chips that go by the name of “Application Specific Integrated Circuit” or ASIC. However, according to the researchers, once they become obsolete, these chips cannot be reused since “they cannot be repurposed for another task or even another type of cryptocurrency mining algorithm." These findings are seen against some critical data, which states that as little as 17% of all electronic waste is recycled, partly due to a lack of laws that define what to do with the products that complete their life cycle. Further, electronic devices are becoming increasingly expensive due to the global chip shortage, as industries like automotive and consumer goods have had to reduce their production output and are struggling to keep up with the demand. The experts told the BBC that “The rapid passage of millions of devices used for cryptocurrency mining may disrupt the global supply chain for other electronic devices.” To lessen the environmental effect of bitcoin mining, they believe it is necessary to switch to another mining system that utilizes less hardware. Updated on Sep 22, 2021, 9:17 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk40 min. ago