The massive demand for energy as Big Tech races to build its AI infrastructure has been a tailwind for GE Vernova (GEV), the power equipment maker that spun out of iconic GE earlier this year. Shares of the Cambridge, Mass.-based company have been hovering near all-time highs, along with the broader S&P 500 Industrial ETF (XLI), as investors look to play off the electrification and AI.
Open FlipTraders are staring down a series of risks after the stock market’s torrid start to the year, from economic fear, to interest rate uncertainty, to election angst. But perhaps the most important variable for whether equities can keep rolling returns to the spotlight this week: corporate earnings. The S&P 500 Index has soared roughly 20% in 2024, adding more than $8 tn to its market capitalization.
Open FlipCeigall India Ltd has received a Letter of Intent from the UPSRTC, for the establishment of the "Development of Kanpur Central Bus Terminal" on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis. The project has a total cost of Rs 143 crore, with an upfront premium of Rs 1 crore. It will be executed through a TBCB process, and the completion period for the project is set for two years.
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