Statkraft og Fortescue med reforhandlet kraftavtale for Holmaneset-prosjektet
Globenewswire· 2025-12-16 07:00
(Oslo, Norway, 12 December 2025) - CFO Anna Nord Bjercke in Statkraft AS has decided to step down from her position to pursue a career outside the company. EVP People, Organisation and Sustainability,... Read More ...
The FUTR Corporation Appoints Mortgage Industry Veteran Dave Zitting as Strategic Advisor to Expand Payments and Power High-Fidelity AI
TMX Newsfile· 2025-12-16 07:00
Core Insights - FUTR Corporation has appointed Dave Zitting as a Strategic Advisor to support its expansion into mortgage-related payments and enhance its AI technology infrastructure [1][5]. Company Overview - FUTR is focused on building a next-generation payments and intelligence platform that allows consumers to control and monetize their financial data while providing enterprises with high-quality datasets [3][7]. - The company aims to address the fragmented and underutilized nature of mortgage data, which includes payments, underwriting attributes, and property information [4][5]. Strategic Appointment - Dave Zitting brings over 30 years of experience in mortgage origination and fintech innovation, having co-founded Primary Residential Mortgage, Inc. (PRMI), which originated $5.4 billion in loan volume in 2023 [2][5]. - His expertise will be crucial for FUTR as it seeks to navigate the complexities of the mortgage industry and expand its payments product offerings [5]. Market Potential - The mortgage industry is identified as a significant source of consumer financial data and a large payment ecosystem, which aligns with FUTR's long-term strategy [5]. - FUTR's approach combines payments, consumer-permissioned data, and high-fidelity AI to create value for both consumers and institutions [4][5]. Incentive Program - The company has granted 350,000 incentive stock options to consultants at an exercise price of $0.34, with a vesting schedule of 1/48th per month over five years [6].
Ascot Announces Closing of Rights Offering
Globenewswire· 2025-12-16 06:59
VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSXV: AOT.H; OTCID: AOTVF) (“Ascot” or the “Company”) is pleased to announce the closing of its rights offering (the “Rights Offering”), previously disclosed in the Company’s press release dated November 7, 2025. The shareholders of Ascot exercised rights (the “Rights”) to acquire 1,487,151,720 common shares of the Company (the “Common Shares”). Each Right consisted of one Common Share, exercised at a subscription price of ...
Ford is switching gears from EVs: 'It was really the customer changing their decision'
Business Insider· 2025-12-16 06:58
Ford is switching gears, away from some electric vehicles. In a news release on Monday, the company announced several changes to its EV production, saying it is deprioritizing fully electric large vehicles, which were not making it money."Ford no longer plans to produce select larger electric vehicles where the business case has eroded due to lower-than-expected demand, high costs and regulatory changes," Ford said in the release. The company also plans to stop the production of electric commercial vans i ...
What's Driven Gold Prices Up in 2025?
Youtube· 2025-12-16 06:58
How would you you follow this obviously, at a granular level. How would you sum up the year in gold. There's been a remarkable year.It's kind of been one of those periods of time when gold, I think, has managed to punch its way into the mainstream of kind of the the debate in financial markets. And I think that has been mostly just a reflection of its price. You know, it's set it's up about 63% now or something like that, which, as you say, is its best year since 1979.And then I think as well as that, I thi ...
Ford’s $19.5 Bn EV Reckoning Signals a Strategic Reset, Not a Retreat
Investing· 2025-12-16 06:57
Market Analysis by covering: Ford Motor Company. Read 's Market Analysis on Investing.com ...
European markets set to open lower as traders look ahead to central bank action
CNBC· 2025-12-16 06:50
Market Overview - European stocks are expected to open lower, reversing earlier gains, with the U.K.'s FTSE index projected to decline by 0.25%, Germany's DAX by 0.63%, France's CAC 40 by 0.37%, and Italy's FTSE MIB by 0.33% [1] - Asia-Pacific markets experienced declines, following the downward trend in Wall Street as investors shifted away from artificial intelligence investments [4] Central Bank Actions - Investors in Europe are preparing for a significant week of central bank meetings, with the European Central Bank (ECB) expected to maintain interest rates at 2% during its final policy meeting of the year [2] - The Bank of England (BOE), Riksbank, and Norges Bank are also set to announce their last monetary policy decisions for 2025, with the BOE anticipated to lower interest rates [3] Economic Indicators - Eurozone and U.K. inflation figures are scheduled for release, which may impact monetary policy decisions [3] - Economists predict that U.S. nonfarm payrolls will increase by 50,000 in October, a significant drop from the 119,000 jobs added in September, with an expected unemployment rate of 4.5% compared to 4.4% in September [5]
Kering sells majority stake in New York property in $900 million deal
Reuters· 2025-12-16 06:49
Kering , the owner of luxury brand Gucci, said on Tuesday it had agreed to sell a 60% stake in a prime New York property to private equity firm Ardian, raising $690 million in cash. ...
Malaysia: TotalEnergies and PTTEP Strengthen Their Partnership
Businesswire· 2025-12-16 06:37
Core Points - TotalEnergies has divested an indirect interest of 9.998% in block SK408 in Malaysia to PTTEP, retaining a 30.002% interest in the block [1] - This transaction marks a significant milestone for TotalEnergies in Malaysia, following previous acquisitions in the region [1] - The partnership with PTTEP aims to enhance the management of TotalEnergies' portfolio in Malaysia and strengthen collaboration in energy resource development [2] Company Overview - TotalEnergies has been operating in Malaysia since 1985 and is a key partner of PETRONAS, making it the 3rd largest gas operator in the country [3] - The company employs approximately 300 people in Malaysia and holds interests in multiple offshore blocks, including 30.002% in block SK408 and 30% in block SK310 [3] - In 2023, TotalEnergies signed a deal with PETRONAS and Mitsui to develop a CO2 storage project in Southeast Asia [3] Industry Context - Block SK408 is a major gas development that contributes to Malaysia's energy security and is part of TotalEnergies' integrated upstream portfolio [2] - TotalEnergies is a global integrated energy company involved in various energy sectors, including oil, natural gas, renewables, and electricity [4]
Could Amazon Help You Become a Millionaire?
The Motley Fool· 2025-12-16 06:30
Core Insights - Amazon has experienced a remarkable growth of over 230,000% since its IPO nearly 30 years ago, evolving from an online bookstore to a technology-driven powerhouse across multiple industries [1][12]. Group 1: Business Operations and Market Position - Amazon is recognized as a dominant player in e-commerce, with expectations for continued growth as online shopping penetrates the retail sector [5]. - The company has diversified into streaming services with Prime Video, capitalizing on the decline of traditional cable TV [5]. - Amazon's advertising revenue grew by 24% year-over-year to $17.7 billion in Q3, positioning it as a leader in the digital advertising market [6]. - The company holds a strong position in cloud computing and artificial intelligence, primarily through the success of Amazon Web Services (AWS) [6]. Group 2: Competitive Advantages - Amazon's economic moat is reinforced by a powerful network effect in its marketplace, cost advantages in logistics, switching costs for AWS, and strong brand recognition [7]. - The company's operational efficiencies have significantly improved its margins, contributing to its competitive strength [11]. Group 3: Financial Performance and Valuation - Amazon's shares are currently trading at 18.8 times trailing-12-month operating cash flow, the lowest multiple in a decade, presenting an attractive valuation for investors [10]. - The company has shown a dramatic turnaround in earnings, moving from a $241 million net loss in 2014 to a projected $59 billion net income in 2024, with a compound annual growth rate of 20% expected from 2024 to 2027 [11]. Group 4: Investment Considerations - Long-term investors are encouraged to consider Amazon due to its favorable combination of secular trends, economic moat, valuation, and earnings growth potential [13]. - Despite its historical success in creating millionaire investors, the company's size may limit future explosive growth [13].