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FirstEnergy CEO: Investing in transmission grid as data center demand rises
CNBC Television 2025-10-23 16:27
Load Growth & Grid Investment - First Energy anticipates significant load increases due to data centers and electrification, necessitating investment in the transmission grid [2] - The company plans to increase its 5-year capital expenditure (CAPEX) plan for transmission by approximately 30% [3] - A strong and growing transmission grid is crucial to support AI, data centers, and chip investments [3] Labor Force & Training - First Energy is addressing labor needs through apprenticeship programs and hiring experienced line workers [5] - The company is actively training its workforce to support infrastructure investments and economic growth [5] Investment & Demand - First Energy ensures that hyperscalers and data center developers commit to paying for infrastructure investments to serve them [7] - This commitment provides confidence in sustained load and prevents existing customers from bearing the cost of potential overbuilding [7] Electricity Prices & Regulation - Generation accounts for 85% of the year-over-year increase in customer bills in four of First Energy's five states, where it operates as a wires-only company [9] - In the state where First Energy is fully integrated, year-on-year rates for customers were flat [9] - First Energy is working with regulators, governors, and customers to mitigate the impact of increasing generation costs [10]
X @TechCrunch
TechCrunch 2025-10-23 15:01
Your portfolio of unicorns awaits.Over the course at three days at Disrupt, you can get ahead of the competition and land your next successful investment. Lock in your ticket for Oct. 27 - 29 in San Francisco today: https://t.co/UcfKtiUoQS https://t.co/wtMFQLcflJ ...
X @Bloomberg
Bloomberg 2025-10-23 14:30
As the $1.7 trillion private credit market sets its sights on luring in money from individual investors, firms are increasingly finding the trade-off worth it to scale back their previous secrecy https://t.co/XoKmOSl2MN ...
Correction: AS Tallink Grupp Unaudited Consolidated Interim Report for the Q3 2025
Globenewswire 2025-10-23 13:30
Core Insights - AS Tallink Grupp reported a 3.0% increase in passenger numbers in Q3 2025 compared to Q3 2024, carrying 1,766,335 passengers, while cargo units transported decreased by 9.8% to 60,306 [2][3] - The Group's unaudited consolidated revenue for Q3 2025 was EUR 233.1 million, slightly up from EUR 231.9 million in Q3 2024, with an EBITDA of EUR 68.9 million and a net profit of EUR 40.8 million [3][10] Revenue and Operational Performance - Revenue from route operations, the Group's core business, increased by EUR 1.3 million to EUR 194.9 million compared to Q3 2024, although the segment result decreased to EUR 46.5 million from EUR 48.1 million [4] - The Estonia-Finland route saw a 10.1% increase in passenger numbers, with revenue rising by EUR 8.6 million to EUR 95.4 million, while the segment result decreased by EUR 1.2 million to EUR 30.2 million [5] - The Finland-Sweden routes experienced a 1.4% decrease in passenger numbers, with revenue increasing by EUR 0.4 million to EUR 73.0 million, but the segment result fell by EUR 1.0 million to EUR 12.2 million [6] - The Estonia-Sweden routes saw a significant 23.5% decrease in passenger numbers, with revenue dropping by EUR 7.7 million to EUR 26.5 million, although the segment result increased by EUR 0.6 million to EUR 4.1 million [7] Financial Metrics - The Group's gross profit remained stable at EUR 67.2 million, with a slight increase in EBITDA to EUR 68.9 million compared to EUR 68.4 million in Q3 2024 [8] - Amortization and depreciation expenses decreased by EUR 1.3 million to EUR 23.0 million, influenced by the sale of two vessels [9] - Net finance costs declined by EUR 2.2 million year-on-year to EUR 4.9 million due to a reduced loan balance and lower interest rates [9] Investments and Financial Position - The Group's investments in Q3 2025 amounted to EUR 5.5 million, with a focus on vessel maintenance and IT system improvements [11][13] - As of the end of Q3 2025, net debt was EUR 432.7 million, down from EUR 459.7 million at the end of Q2 2025, resulting in a net debt to EBITDA ratio of 3.4 [14] - Cash and cash equivalents at the end of Q3 2025 were EUR 31.9 million, with a total liquidity buffer of EUR 131.9 million [15] Dividends - The Group's dividend policy allows for a minimum payment of EUR 0.05 per share, with a total dividend of EUR 0.06 per share approved for 2025, to be paid in two installments [17][18]
X @Bloomberg
Bloomberg 2025-10-23 12:28
Four wealth advisers point to promising investment areas around the world. https://t.co/pMGWgZJ26w ...
X @Bloomberg
Bloomberg 2025-10-22 14:10
South Korea and the US are focusing on the structure of a $350 billion investment pledge by Seoul, rather than a currency swap, according to Finance Minister Koo Yun Cheol https://t.co/mnAvYBom93 ...
X @MEXC
MEXC 2025-10-22 05:15
Every pro trader has that one golden rule. Here are a few that never go out of style.馃憞 Swipe for trading truths worth remembering, and earn steady rewards with MEXC Earn: smart, simple, stable. ...
Why South Korea's retail investors are banking on risky bets #luxury #asia #shorts
Bloomberg Television 2025-10-22 01:00
Waking up to this view of the Han River in the famous Kangnam district is the ultimate symbol of success in Korean society. But a life of luxury is out of reach for many young South Koreans. Home ownership has been made harder by government policies and traditional savings aren't attractive enough with the nation's persistently low interest rates.So instead, the country's retail investors who are already notorious for their fearless approach to risk-taking are dabbling even more into high-risk, highreward t ...
X @Bloomberg
Bloomberg 2025-10-21 23:12
Global investors with heavy US exposure are steadily shifting more capital to Asia as the dollar loses steam and the region鈥檚 fundamentals shine, according to the co-chief executive officer of KKR https://t.co/c9mXB6fpmE ...
X @Investopedia
Investopedia 2025-10-21 22:00
You don鈥檛 have to be aggressive and take high risks to double your money. A more conservative approach can get the job done, if you鈥檙e patient. https://t.co/Prrmuy6oZa ...