Category: industrial
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Israeli industrial AI co Augury raises $75m
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Israeli Ai Machine Health and Process Hateful It announced the completion of a $ 75 million financing round led by Lightrock with the participation of the current investors Insight Partners, Eclipse, Qumra Capital, Schneider Electric Ventures and Qualcomm Ventures. The new tour is an increase in the Augurey evaluation, which…
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Israeli climate tech startups meet French industrial giants
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If only it were up to the Dan brothers, Yossi and Andre, and their indefatigable small company challengeIsraeli technological innovation will be a major part of the French business stream. As we mentioned in previous articles, bringing giant companies from abroad to Israel during high-risk periods such as now presents…
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Nvidia Set to Replace Intel in the Dow Jones Industrial Average
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(Bloomberg) — Nvidia Corp., the chipmaker at the heart of the artificial intelligence boom, is joining the oldest of Wall Street’s three major stock benchmarks. Most read from Bloomberg The company will replace rival Intel in the 128-year-old Dow Jones Industrial Average before trading begins on Nov. 8, S&P Dow…
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China Industrial Profits Extend Drop as Deflation Takes Toll
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(Bloomberg) — Profits at Chinese industrial companies fell faster in September than the previous month, as deflationary pressures sapped the strength of companies’ finances. Most read from Bloomberg Industrial profits last month at major Chinese companies fell 27.1% from a year earlier, after a 17.8% decline in August, the National…
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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.94% By Investing.com
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Investing.com – U.S. stocks fell after the close on Monday, as sector and sector losses dragged stocks lower. At the end of trading on the New York Stock Exchange, the index lost 0.94%, while the index lost 0.96%, and the index fell 1.17%. The best performers of the session were…
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World’s top miners set for hit from sharp slump in industrial activity, Deutsche Bank says
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Dazman/E+ via Getty Images The largest global mining companies are: Expected to suffer from lower metal prices Analysts at Deutsche Bank said this week that the decline in crude oil prices has slowed demand for copper, nickel and iron ore due to a sharp slowdown in industrial activity in China,…
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China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)
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China’s August 2024 retail sales, industrial production and investment data – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) Expected 2.5%, previous 2.7% Industrial Production +4.5% (YoY) (Aug) Expected 4.8%, previous 5.1% Fixed Asset Investment +$3.4 (YTD) (YoY) (Aug) Expected 3.5%, previous 3.6% Unemployment rate 5.3% Expected 5.2%,…
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China’s January – July industrial profits rise 3.6% YoY
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Building, infrastructure stocks among top industrial gainers of week, Dycom sees loser tag
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JulPo/E+ via Getty Images The SPDR Fund ETF Select Industrials (XLI) rose +1.82% For the week ending August 23, the SPDR S&P 500 Trust ETF (SPY) rose $1.2 billion. +1.41%. Powell Industries (Nasdaq: Powell) was the biggest industrial gainer (in the sector) this week, which saw construction stocks rise. Infrastructure…
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Applied Industrial Technologies maintains $235 target amid sales dip By Investing.com
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On Monday, Applied Industrial Technologies (NYSE:AIT) maintained its Outperform rating and $235.00 price target from Oppenheimer. The firm noted that while Applied Industrial Technologies saw a slight decline in sales, the company’s margins remained strong in the fourth quarter of fiscal 2024. This was attributed to a combination of unbalanced…
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Canada industrial product prices for June 0.0% vs 0.2% expected
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Previous CPI rates were revised 0.0% to 0.2%. IPPI Rates 0.0% vs. 0.2% Expected IPPI rates are 2.8% annual. Raw Materials Price Index -1.4% vs. -0.7% expected. Previous month -1.5% The wholesale price index rose 7.5% year-on-year for the fourth consecutive year. The rule implemented the annual increase level as…
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Nexus Industrial REIT Announces Second Quarter Results Date, and July and August Distributions
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Article Content TORONTO, July 18, 2024 (GLOBE NEWSWIRE) — Nexus Industrial Real Estate Investment Trust (“Nexus” or the “Real Estate Trust”) (TSX: NXR.UN) today announced that it intends to release its financial results for the quarter ended June 30, 2024, prior to the opening of the Toronto Stock Exchange on…
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The Dow Industrial Average average can’t close at a record but closes just above 40,000
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The Dow Jones Industrial Average hit an intraday high of 40,257, enough for a record close. The previous record close was on May 17, when the index closed above 40,000 for the first time ever at 40,003.60. However, late-day selling pushed the price below 40,000, before a last-minute rally brought…
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In China’s Industrial Heartland, Xi’s Revamp Plan Comes at a Cost
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Breadcrumbs Path Links PMN Business The use of state power to accelerate advanced manufacturing has left even sophisticated sectors struggling with oversupply. Article author: Bloomberg News Bloomberg News Published on July 10, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log…
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Nikkiso Clean Energy & Industrial Gases Group to Deliver around Two Dozen Liquid-Based Hydrogen Stations in South Korea
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 19, 2024 • 2 min…
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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.51% By Investing.com
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Investing.com – US stocks were mixed after the close on Friday, as gains in , sectors led stocks higher while losses in , sectors sent stocks lower. At the end of trading on the New York Stock Exchange, the index rose by 1.51%, while the index added 0.80%, and the…
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NASDAQ index rises by over 1%. Dow Industrial Average average flat
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All major US stock indices close higher during the day, but with different spreads. The Dow Jones Industrial Average closed almost unchanged at 39,069.58, up 0.01%. The S&P closed up 36.86 points, or 0.70%, at 5,304.71. It was reached just short of Tuesday’s record close at 5,321.42. The Nasdaq index…
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Implement county industrial hubs to unlock manufacturing potential
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One of the key sectors capable of accelerating economic growth is manufacturing. Hence, any country that aspires to achieve economic progress must place manufacturing at the heart of its strategic development plans. Recognizing this fact, Kenya has been constantly looking to improve the sector that for years has languished below…
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Plug Power rises to top industrial gainer of week, while IES Holdings dips
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audioundwerbung/iStock via Getty Images Selected Industrial Sector (XLI) declined-0.28%) for the week ending May 17 after gaining for three straight weeks, while the SPDR S&P 500 Trust ETF (SPY) rose (+1.65%) Climb four weeks on the trot. Year-to-date, or since the beginning of the year, XLI has risen +9.95% SPY…