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Movie Review: ‘September 5’ goes inside a newsroom during the Munich Olympics hostage crisisNEW YORK , Dec. 15, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global maintenance repair operations (MRO) for automation solutions market size is estimated to grow by USD 53.29 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.38% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The process industries, including energy and power, water and wastewater, and oil and gas, are experiencing growth during the forecast period. In the power industry, the increasing global demand for electricity, urbanization, and the use of electronic appliances are driving the need for more electricity. Renewable energy sources, such as solar and biomass, are becoming increasingly popular due to depleting coal reserves and the need to reduce carbon emissions. This shift towards green energy production is attracting significant investments, leading to the restructuring of power plants and the establishment of new ones. Automation solutions are expected to play a crucial role in these developments, fostering efficiency and productivity. Similarly, in the water and wastewater industry, the growing demand for freshwater resources and rising concerns over water reuse and recycling are driving investments in water and wastewater treatment facilities. Technologies such as desalination and nanotechnology are being used to treat wastewater to provide potable water. The pharmaceutical and semiconductor industries require high-quality water, further increasing the demand for automation solutions. The oil and gas industry is also witnessing growth, with ongoing exploration of new fields and expansions of production activities. Automation solutions are essential for optimizing operations in refineries and ensuring the safety and efficiency of offshore platforms. These factors are expected to drive the demand for automation solutions in the oil and gas industry during the forecast period. Analyst Review The Maintenance Repair Operations (MRO) market for automation solutions is witnessing significant growth, particularly in process industries and discrete industries, as they prioritize digital transformation and automation to enhance productivity and efficiency. The market is fragmented with numerous players, including suppliers of MRO products and services. The vaccination drives and economic recovery are expected to boost industrial activities, especially in the power industry and energy and power sectors. Green energy production is also driving demand for automation solutions in MRO. New technologies, such as Internet of Things (IoT) and sensors, are revolutionizing MRO by enabling predictive maintenance and remote monitoring. However, challenges such as a skilled workforce shortage, raw material shortages, and shipping delays persist. MRO providers are adopting outsourcing strategies to mitigate these challenges and offer comprehensive solutions. Companies are focusing on inventory optimization, safety standards, and pumps to cater to the evolving needs of their clients. Applied Industrial Technologies, Wesco, Sonepar, Rexel, and Air Works are some of the key players in the MRO market for automation solutions. Market Overview The Maintenance Repair Operations (MRO) market for automation solutions is witnessing significant growth in various industries, including process and discrete industries, as automation becomes increasingly essential for sustainability and productivity. The market is fragmented with numerous players offering MRO products and services for industries such as power, energy and power, water and wastewater, oil and gas, and manufacturing. Vaccination drives and the economic slowdown have led to downtime in several industries, emphasizing the need for efficient MRO practices. The shift towards green energy production and sustainability is driving the demand for eco-friendly MRO practices, e-commerce, IoT, big data, and new technologies like 3D printing. The skilled workforce is in high demand to manage the implementation of smart technologies, sensors, safety standards, and inventory management. Raw material shortages and shipping delays are challenges faced by the industry, but digitization through Industry 4.0 and digitization are paving the way for more efficient and cost-effective MRO solutions. MRO products include pumps, industrial motors, sealants, tapes, lubricants, lab supplies, test equipment, and more. Energy-efficient technology, carbon footprint reduction, and operating expenses are key concerns for industries, leading to the adoption of energy-efficient MRO practices and automation solutions. Automotive spare parts, semiconductor chips, data centers, urbanization, sustainable buildings, and green facilities are other sectors where MRO solutions are essential. Applied Industrial Technologies, GoExpedi, Air Works, Wesco, Sonepar, Rexel, and other players are leveraging smart technologies and outsourcing strategies to cater to the evolving needs of the market. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/maintenance-repair-operations-mro-for-automation-solutions-market-size-to-increase-by-usd-53-29-billion-between-2023-to-2028--market-segmentation-by-end-user-type-geography-technavio-302331385.html SOURCE Technaviobaccarat perfume men

Global Fast-moving Consumer Goods Software Market Size, Share and Forecast By Key Players-Abel Software, SANeForce, FieldAssist, Uneecops Technologies, InfopulseROBERT HARDMAN: Raw emotion, even tears, as tractor convoy of despairing farmers besieges Westminster By ROBERT HARDMAN FOR THE DAILY MAIL Published: 22:20, 11 December 2024 | Updated: 22:25, 11 December 2024 e-mail 13 View comments Behind the banners, bravado and competitive horn-honking, there was plenty of raw emotion on display again at yesterday's latest show of agricultural strength in the heart of Westminster. Inside Parliament, we saw the president of the National Farmers' Union, Tom Bradshaw, close to tears as he told MPs that some farmers were even contemplating suicide because of the 'awful, awful, unacceptable position' created by the Chancellor, Rachel Reeves , and her surprise imposition of inheritance tax on family farms. It was not about money, Mr Bradshaw explained. 'This is a lifetime of work. It's the heritage and the custodianship...' An awkward silence hung over the Environment Select Committee as he ran out of words. Outside Downing Street , farmers laid a wreath at the gates. This was, they explained, in memory of the handful of farmers whose recent deaths at their own hands have been linked to the turmoil induced by Labour 's plans. Nor was this a stunt, whatever cynical urban Lefties might say. Those who work on the welfare side of this solitary and financially precarious industry predict more tragedies. I spotted one woman in floods of tears as the wreath was laid. Behind the banners, bravado and competitive horn-honking, there was plenty of raw emotion on display again at yesterday's latest show of agricultural strength in the heart of Westminster. Pictured: Tractors fill Whitehall today to protest inheritance tax Outside Downing Street, farmers laid a wreath at the gates. This was, they explained, in memory of the handful of farmers whose recent deaths at their own hands have been linked to the turmoil induced by Labour's plans. Pictured: Farmer's daughters Amy and Ellie Deacon from St Alban's nside Parliament, we saw the president of the National Farmers' Union, Tom Bradshaw (pictured), close to tears as he told MPs that some farmers were even contemplating suicide because of the 'awful, awful, unacceptable position' created by the Chancellor, Rachel Reeves, and her surprise imposition of inheritance tax on family farms Three weeks ago, the UK's rural workforce had staged their first protest against the Budget – on foot. Yesterday, they brought the hardware. The most stirring sight of the day was simply that of hundreds of tractors packed the full length of Whitehall. By the time Sir Keir Starmer rose for Prime Minister's Questions at noon, these growling green workhorses were five-abreast from Trafalgar Square all the way up to Sir Winston Churchill on Parliament Square. They then embarked on a slow processional loop around London SW1 in first gear, blasting their horns all the way. Who knew tractors could be quite so tuneful? Several had rigged up airhorns to barp 'Old MacDonald had a farm' or 'Ten Green Bottles'. The most impressive was one monster which managed to play the opening bars of Rossini's William Tell Overture. Having initially tried to merge this lot with the buses and London traffic, the police decided there were so many tractors that it would be wiser just to divert everything else. Whitehall's work-from-home brigade thus had the perfect excuse for another day in their pyjamas. The machinery had started assembling from first light, with some being driven from as far away as Exmoor and Lancashire. Three tractors had made the crossing from the Isle of Wight. The oldest on parade was a 1967 David Brown 990 driven by Ely arable farmer Matt Golding, 46. With no cab, his machine looked more like a lawn mower among all these 21st-century giants with their heated cabs and flashing lights. Yet apparently this sturdy tiddler is still doing chores on the family's 200 acres, now in the hands of the third generation. But for how much longer can it remain in the family? A sign hangs on the back of a tractor, during a demonstration in support of farmers, in London, Britain, December 11, 2024 Farmers sit and stand on a tractor as they pose for pictures during a stop 'the death of British Farming' demonstration, to protest against changes to inheritance tax rules for land ownership for farmers, in Whitehall, central London, on December 11 That was the question everyone was asking yesterday. The oldest protester was Diana Baskervyle-Glegg, 93, from Burford in the Cotswolds. The youngest was Florence Cookes, aged five months, in the arms of her father, Birmingham sheep farmer Phil Cookes, 38. He had left the family's 1,200 sheep and 50 cattle in the care of his father for the day. In due course, he and his wife would like to transfer custody to Florence, but fear Labour's plans could scupper that idea. Mr Cookes told me that he favoured tougher action than this. 'We're all being a bit too nice,' he said. 'The French get it right with these things. We'd be better off shutting down London and the ports next time.' Others urged a less combative, more strategic approach, including the Reform leader, Nigel Farage, out for an early stroll through the tractor ranks. 'Just look at those 100 Labour MPs in rural areas with majorities thinner than a cigarette paper and they are starting to panic like crazy,' Mr Farage told me. 'We need a consistent campaign, bringing on board all those small family businesses which are going to get hit by these taxes – and then we could get a result on this.' Elsewhere in the crowd, I spotted everyone from ex-Foreign Secretary James Cleverly – 'Labour just see farmers as easy targets with loads of cash' – to Jeremy Corbyn's conspiracy theorist brother Piers. Wild of both hair and eye, he warned that farmers were the victims of a worldwide land grab by dark forces. Having initially tried to merge this lot with the buses and London traffic, the police decided there were so many tractors that it would be wiser just to divert everything else British MP and deputy leader of the Reform UK political party, Richard Tice gestures while holding onto a tractor today At least his megaphone was audible, unlike that of the main organisers, Kent-based Fairness For Farmers and Wiltshire's Save British Farming. This demonstration was so homespun that its leaders ended up simply having to shout from the back end of a pick-up truck parked outside Downing Street. 'We're not militant people,' yelled Maidstone market gardener, David Catt, 67, 'but we could bring this country to a standstill in minutes.' Canterbury farmer Jeff Gibson warned the crowd that just because Britain has not had a famine since 1623 and has never had cheaper food, it should take nothing for granted. The key message: this is just the start. Many of these farmers will be back again next week. On my way home, I again bumped into Tom Bradshaw outside Parliament. He explained he is still trying to persuade the Government to rethink its policy altogether 'and not just make a bad policy less bad'. As we spoke, a tractor slowed down and a farmer leaned out. 'You need to start turning it up, mate!' the man shouted at Mr Bradshaw. 'That's what I've been doing in there,' he replied. For how much longer can the countryside maintain this united, broadly level-headed front before the militants decide to take a lead? On yesterday's showing, those days seem to be numbered. Labour Share or comment on this article: ROBERT HARDMAN: Raw emotion, even tears, as tractor convoy of despairing farmers besieges Westminster e-mail Add comment More top stories

Stephen A. Smith berated the Giants in a scathing rant while defending his ESPN colleague Elle Duncan, who might’ve made herself an enemy of the Giants. Duncan’s remarks about Daniel Jones’ farewell speech — during which he thanked the Giants before they granted his release on Friday — didn’t sit well with Giants faithful , including Pat Hanlon, the team’s senior vice president of communications, who called her out on X. During Friday’s installment of “First Take,” Smith told the Giants to stop whining and claimed the organization called ESPN to complain about Duncan’s “Taking the L” segment about Jones. “The New York Giants, respectfully, shut the hell up,” Smith said. “Y’all are awful as an organization ... Y’all are sorry! Y’all are pathetic! The only reason why you get away with it is because the Jets have been worse ... and you’ve got the nerve to sit up there and call the network because you want to whine and moan about your ineptitude being put on public display?” Duncan didn’t spare Jones one bit while discussing him getting benched for Tommy DeVito and demoted to fourth string after he was unable to control the Giants’ offense. “You guys think he had this saved in his notes since like 2020? In all seriousness, DJ, I could have saved you like 90 seconds,” Duncan said, referring to his speech. “A rewrite: I’m sorry you paid me $108 million for one playoff win. And I look forward to reviving my career as Brock Purdy’s backup. The end.” Hanlon wasn’t thrilled with Duncan’s remarks. “That an ESPN personality would mock Daniel Jones’ statement today is mind boggling,” he wrote on X . “Given what has happened at that company over past few years, tone deaf.” Hanlon didn’t explain further about what happened at ESPN. The company recently went through multiple rounds of layoffs. Many Big Blue fans thought Duncan was overly harsh and disrespectful to Jones. Duncan, who was a guest on Friday’s “First Take,” stood by her comments. “You want to call me disrespectful to Daniel Jones?” she said. “Am I more disrespectful than the Giants making him a scout team safety? Am I more disrespectful than all of those same fans that are in my mentions right now who booed him mercilessly for the last six seasons? I stand by everything that I said.”

The Biden administration has agreed to lend $6 billion to troubled electric vehicle manufacturer Rivian to build a new factory near Atlanta, Georgia, a massive giveaway from an administration in love with EVs. The New York Times reports that the Biden administration has announced that it will provide a $6 billion loan to Rivian, which produces electric vehicles but has struggled significantly in recent years. The loan will be used to finance the construction of a new factory in Social Circle, Georgia, near Atlanta, where Rivian plans to manufacture midsize sport utility vehicles and hatchbacks. The loan agreement is expected to be finalized before the inauguration of President-elect Donald J. Trump in January, making it a binding contract between the Department of Energy and Rivian. This move is seen as part of the Biden administration’s efforts to secure leftist climate policies before the incoming administration takes office. The financing is a crucial lifeline for Rivian, which has been struggling to generate profits while selling vans to businesses and pickups and SUVs to individual consumers. The Georgia factory will complement Rivian’s existing plant in Normal, Illinois, and produce SUVs with a starting price of around $45,000, compared to the company’s current consumer vehicles, which start at approximately $70,000. R.J. Scaringe, the chief executive of Rivian, stated that the loan would help create thousands of new American jobs and further strengthen the country’s leadership in electric vehicle manufacturing and technology. The project has also garnered support from Georgia Gov. Brian Kemp (R), who announced the plans outside the Georgia State Capitol in Atlanta in December 2021. Rivian recently received additional support from Volkswagen, with the companies forming a joint venture to develop software and electronics. Volkswagen plans to invest $5.8 billion in the joint venture and Rivian, extending their partnership announced in June. Breitbart News reported earlier this year that Rivian was suffering serious financial difficulties: CNBC reports that shares of electric vehicle makers Rivian and Lucid plunged on Thursday following disappointing fourth-quarter earnings reports released after markets closed on Wednesday. Rivian stock sank around 25 percent, while Lucid shares dropped nearly 17 percent. Both companies cited stagnant production numbers and “existing economic and geopolitical uncertainties” as factors impacting results. Rivian forecasts production of 57,000 vehicles in 2024 — about the same as the 57,232 vehicles manufactured in 2023. Meanwhile, Lucid predicts production of 9,000 vehicles this year, a mere seven percent increase over 2022 levels. Read more at the New York Times here. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship.Teaching courses have surged in popularity among students awaiting a university offer but society, culture and health remain Victoria’s most popular study choices. A record 47,500 year 12 graduates will receive first-round offers by Victorian universities, TAFE institutes and independent tertiary colleges on Monday – nearly 4600 more than last year, with further offers to follow in January and February. Methodist Ladies’ College graduate Kate Zhang is waiting on a commerce offer. Credit: Luis Enrique Ascui There will be more than 1500 offers made for teaching courses, up by more than 3 per cent on last year to 4.3 per cent of all the offers made on Monday. The fastest growing area of study is management and commerce, comprising 16.5 per cent of Monday’s offers while health-related courses, which includes nursing and biomedical science, remain much sought-after, making up nearly 17 per cent. However, enthusiasm for studying information technology (IT) appears to be on the wane this year, making up just 4.5 per cent of courses offered, down from 5.3 per cent last year. Extensive data on the first-round offers, featuring students, offers and courses, will be available at theage.com.au from 10am on Monday. The Victorian Tertiary Admissions Centre said prospective students were flocking to society and culture pathways, with courses like arts, law, politics and economics making up more than a fifth of Monday’s offers. International Baccalaureate students in Australia, who have traditionally been forced to wait until January for their university offers, have been included in the December round for the first time this year. Methodist Ladies’ College graduate Kate Zhang said nerves were running high for some students ahead of Monday’s news. Loading Zhang, who completed the IB this year, already has an offer to attend a university overseas, where she would study either social analysis or economics alongside a shorter course in photography. She is expecting another offer from the University of Melbourne for a degree in commerce and will then consider her options. “I’m very privileged to be thinking about the opportunities that I have upcoming,” Zhang said. “I just hope that [on] Monday, everybody who’s worked hard to get to where they are, get their first preference, and if not, something works out for them in the end. “My friends who may have gotten close to the course requirements, but maybe not comfortably above, are feeling a bit nervous as they go into look at which preferences they got granted.” Zhang, whose ATAR was in the high 90s, hoped to visit extended family in China before university started. VTAC chief executive Teresa Tjia said options were still available for school-leavers who were not offered a course on Monday. “If you haven’t received an offer today or have changed your mind about what you wish to study, you can change preferences in your VTAC account until 4pm tomorrow. VTAC will make further offers throughout January and February,” Tjia said. The VTAC boss urged those who landed the course they wanted on Monday to savour the moment. Loading “Celebrate the offer you have received today with your family, friends and teachers,” she said. “Share this exciting achievement with those who have supported you throughout your educational journey.” The Morning Edition newsletter is our guide to the day’s most important and interesting stories, analysis and insights. Sign up here . Save Log in , register or subscribe to save articles for later. License this article University Campus Victoria VCE Noel Towell is Education Editor for The Age Connect via Twitter . Most Viewed in National LoadingLPGA, USGA to require players to be assigned female at birth or transition before puberty

LPGA, USGA to require players to be assigned female at birth or transition before puberty

Private equity bids long goodbye to IPOs

Washington : Kamala Harris has spoken out about her election defeat in a widely pilloried video in which she talked up her losing campaign’s record fundraising haul and urged demoralised Democrats to continue to mobilise against Donald Trump. After weeks of silence and a brief holiday in Hawaii, the vice president appeared in a 10-minute video to thank supporters and encouraged them to remain resilient in the face of Trump’s election victory. “Ability to engage and inspire”: Vice President Kamala Harris. Credit: X/TheDemocrats “The outcome of this election, obviously, is not what we wanted,” she said. “It is not what we worked so hard for, but I am proud of the race we ran, and your role in this was critical. What we did in 107 days was unprecedented... Don’t let anyone take your power.” The video went viral on social media, but was widely mocked by critics noting the vice-president’s tired and somewhat rattled appearance, with some even going so far as to question whether she was under the influence of alcohol. In a sentiment shared by many, TV personality Megan McCain, the daughter of former Arizona Republican Senator John McCain, also called for Democrats to remove the short clip posted to the party’s X account. Attendees react as US Vice President Kamala Harris, not pictured, speaks at Howard University in Washington, DC, US, on Wednesday, Nov. 6, 2024. Credit: Bloomberg “Take this down,” McCain wrote. “She’s still the sitting Vice President for God’s sake - this is awful. Like really, really awful.” But it was Harris’ comments about the “historic $1.4 billion” raised from grassroots supporters that angered some donors, who questioned how so much money could be spent, only to lose all seven battleground states, the popular vote and both houses of Congress. Speaking on News Nation, mega-donor John Morgan, who refused to back Harris’s presidential bid at all, said the expenditure would “follow Harris for the rest of her career.” “I think this disqualifies her forever,” said the founder of Washington-based law firm Morgan & Morgan. “If you can’t run a campaign, you can’t run America.” Elise Stefanik Credit: Bloomberg Harris’ video was the first time she has spoken publicly about the election since her concession speech at Howard University on November 6. It came as Trump’s campaign revealed that several of his cabinet and staffing picks had been targeted by bomb threats and swatting - a process that has become quite common in America, whereby police are called to someone’s home to check what often turns out to be a hoax. The campaign has not disclosed who was targeted, however, the office of New York Congresswoman Elise Stefanik, Trump’s pick for UN ambassador, posted that she was among them. “Last night and this morning, several of President Trump’s Cabinet nominees and administration appointees were targeted in violent, unAmerican threats to their lives and those who live with them,” said Trump’s spokeswoman Karoline Leavitt. Loading “In response, law enforcement acted quickly to ensure the safety of those who were targeted. President Trump and the entire Transition team are grateful for their swift action.” President Joe Biden’s decision to stand down on July 21 and elevate Harris as the Democratic candidate changed the trajectory of the 2024 presidential race and broke fundraising records in the three-month period to election day. However, in the aftermath of her crushing defeat, the campaign’s spending and political strategy have come under growing scrutiny amid recriminations about what went wrong. As the soul-searching continued, Harris campaign chair Jen O’Malley Dillon, senior adviser David Plouffe, deputy campaign manager Quentin Fulks and senior adviser Stephanie Cutter, appeared on the left-leaning Pod Save America podcast to provide their insights, blaming everything Biden, the media, and the truncated campaign time frame. Kamala Harris and Joe Biden at a rally together for her campaign in Maryland in August. Credit: Eric Lee/The New York Times Plouffe, a former Obama adviser, rejected as “nonsense” the idea that Harris should have done more to educate voters about who she was as a candidate, rather than focus on Trump. “To win a race like this given the political atmospherics, which were quite challenging, we had to raise the risk of a Trump second term,” he said. Dillon, meanwhile, said perceptions that the vice president spent too many weeks avoiding interviews was “completely bulls***” and said that when Harris did do interviews, the questions were “small and processy” and they did not help to inform voters wanting to know about her. Cutter added that many of the questions were just “dumb”. Loading Harris also received a lot of criticism during the campaign over comments she made on the TV show The View in which she said there wasn’t anything she would have done differently than Biden. This became an instant attack ad for the Trump campaign, and one of the most damaging errors for Harris as she tried to present herself to voters as the candidate of change. Asked about this on the podcast, Cutter said that the campaign tried to differentiate Harris from Biden by talking about her as a new generational leader who spent most of her career outside of the Washington beltway. “We were trying to tell a story and give the impression that she was different without pointing to a specific issue,” she explained. Elsewhere, veteran Democratic Party strategist James Carville hit out at young progressives in the Harris campaign, suggesting their role in thwarting her interview with Joe Rogan may have contributed to her crushing defeat. “The vice president was thinking about going on Joe Rogan’s show and a lot of the younger, progressive staffers pitched a hissy fit,” he said. “What I would tell them: ’Not only am I not interested in your f---ing opinion, I’m not even gonna call you by your name. You’re 23 years old, I don’t really give a s--- what you think.” Harris, meanwhile, used her video to urge supporters to stay positive. “You have the same ability to engage and inspire,” she said. “So don’t ever let anybody or any circumstance take your power from you.” Get a note directly from our foreign correspondents on what’s making headlines around the world. Sign up for the weekly What in the World newsletter here . Save Log in , register or subscribe to save articles for later. License this article Kamala Harris Donald Trump Farrah Tomazin is the North America correspondent for The Age and Sydney Morning Herald. Connect via Twitter or email . Most Viewed in World LoadingStock market peaks typically coincide with troughs in cash holdings – but a regional skew to that picture may be messing with the signal for anyone still wary of U.S. equities. The overwhelming, almost unnerving, bullishness about Wall Street stocks for 2025 is now pretty clear. Not one of 16 annual outlooks collected by Reuters from top brokers and investors sees the S&P500 .SPX lower in 12 months’ time, for example. And yet the vanishingly small number of “refuseniks” point to one significant reverse indicator to support their case – near historically low global allocations to cash. Bank of America’s closely-watched survey of asset managers around the world this week spotlighted that average cash levels in portfolios fell below 4% in December for only the second time since June 2021, triggering what it considered another “contrarian” sell signal for equities. Pointing to 12 such signals since 2011 that resulted in an average global equity loss .MIWD00000PUS of more than 2% in the subsequent month, BofA underscored the finding by showing that net cash allocations relative to funds’ benchmarks had plummeted by the most in five years to a record 14% underweight, versus 4% overweight in November. Underweight cash positions even close to this month’s record were in the past marked by deflating equity markets in early 2002 and 2011. Tallying with nose-bleed levels of record U.S. equity exposure and economic optimism, where only 6% of funds see a “hard landing” over the next 12 months, the global rotation out of cash and into stocks in the month since the election of Donald Trump has been the biggest in more than 10 years. Well, that alarming picture masks a number of factors that don’t quite fit the bill. For a start, it seems to fly in the face of still swelling assets under management at cash-like U.S. money market funds, which at a record $6.77 trillion last week have jumped by a quarter of a trillion dollars since the election and are up a cool trillion over the past 12 months. While there may be a number of factors driving that persistent rise in money fund AUM – such as reinvested interest earnings or households’ ongoing migration from lower-yielding commercial bank savings accounts – it hardly reflects the sort of drop seen in global funds’ cash levels and allocations. What’s more, the money fund coffers have continued to expand even since the Federal Reserve began reducing short-term interest rates in September – and amid expectations it will execute its third cut in the cycle on Wednesday. The clue lies in seemingly unshakeable faith among global investors in the “exceptional” U.S. economic and investment story – also clearly reflected in this month’s BofA survey. The poll showed funds at their most overweight U.S. equities relative to euro zone stocks in 12 years – the nadir of the euro debt crisis. What’s more, a subset survey cut of just European asset managers shows where the depth of the cash aversion really lies – with average cash levels among regional funds there almost a full point below global levels and near the lowest in more than a decade. That figures, given the speed and depth of European Central Bank and Swiss interest rate cuts compared with the relative foot-dragging at the Fed. The ECB and SNB have cut four times each already, with the latter now 160 basis points below the Fed’s policy rate and the Swiss base rate almost back at zero. With the European economy set to lag the United States significantly again next year, exposed to Trump’s promised trade wars and domestic political upheavals, and rates expected to tumble further as the Fed hesitates, cash appetite is bound to differ. But judged by the record 36% of European asset managers who report being overweight U.S. equities, and the 30% who expect U.S. stocks to be the best-performing global asset next year, that rundown of cash is heading straight across the Atlantic. That flow has likely been underway for months and explains much of outsize 6% surge of the dollar against the euro over the past three months, the parallel Wall Street outperformance against euro stocks and the 60-basis-point widening of the transatlantic 10-year debt spread. And those flows may have further to run. The key point is the low global cash level reflects the European picture more than the U.S. one. If the Fed stalls on further rate cuts after this week, then U.S. cash levels could well remain high while they are cut elsewhere in the world – leaving the apparently strange sight of rising U.S. stocks and cash levels intact. Only some revision to those extreme assumptions of U.S. exceptionalism – possibly involving some radical rethink of the stubborn Fed view – would start to balance that picture. Neither look likely early next year, but mid-2025 might throw a different light. Source: Reuters (By Mike Dolan; Editing by Jamie Freed)

The Class of 2025 at the Indian Institute of Technology (BHU) Varanasi has got 837 offers from 247 companies at the end of day 3 of placements, the institute said in a statement. About 176 companies visited during the first three days of final placements which started on December 1 and made 575 offers. The 89 recruiters who made 170 offers during Day 1 (Slot 0 and 1) included Databricks, Cohesity, Plutus Research, Google, Microsoft, Ola, Tata Motors , Flipkart, Nutanix, Sprinklr, HiLabs, Zomato , Groww, Meesho, and AQR Capital, among others. PhonePe, Cleartax, Deutsche Bank, Accenture India, Deloitte USI, Myntra, BNY Mellon, Walmart, Standard Chartered were among the 50 companies who made 216 offers during Day 1 (Slot 2) and Day 2 (Slot 1) while Turing, GreyOrange, Tata Steel, Tiger Analytics were among the 22 companies who came for Day 2 (Slot 2). Infosys , MavenMagnet, WCB Robotics were among the 15 recruiters who made 86 offers on Day 3. This apart, 262 PPOs were made by 71 companies including DE Shaw, Oracle, Inuit, ServiceNow, Walmart, Atlassian, Texas Instruments, Goldman Sachs, HUL, PwC, JSW, RIL among others. 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The American Clean Power Association (ACP) has released a report on clean energy growth in the US in 2024. The report highlights a surge in deployment in the 3rd quarter — 10.2 gigawatts (GW) of new clean energy capacity. “This record-setting quarter positions the industry to achieve a historic year in 2024, underscoring the strength of American clean power,” ACP writes. Through the first three quarters of the year, 29.6 GW of clean power capacity have been installed. That’s 86% more than in the first three quarters of 2023. In total, the US now has 294 GW of clean power capacity installed, or enough to power 72 million US homes. That’s all data from the association’s Clean Power Quarterly Market Report . ACP also recently put out a report on its expectations for the future of the US utility-scale solar market, the Solar Market Monitor . It was produced by S&P Global Commodity Insights. The report forecasts that 32 GW of utility-scale solar installations will be added in 2024. Furthermore, “The U.S. solar market is projected to grow with a Compound Annual Growth Rate (CAGR) of 6.6% from 2025 to 2030, reaching 37 GW of annual new installations in the final year of this decade.” That means an expected growth of total utility-scale solar capacity of 16% by 2030. “Solar capital costs are expected to continue decreasing, with a projected 14% reduction by 2035, primarily driven by declining module prices,” ACP adds. “The biannual Solar Market Monitor delivers insights into current and future solar market trends, covering capacity, project economics, technological developments, policy developments, and power market outlooks.” Circling back to the Clean Power Quarterly Market Report, ACP also provides the following key stats for different segments of the industry: Utility-Scale Solar: 6.3 GW of new solar capacity was added in Q3 alone, bringing the total to nearly 20 GW installed year-to-date. As a result, 2024 is poised to shatter the previous annual record of 21.3 GW installed in 2023. Energy Storage: Energy storage had another impressive quarter, adding 3.5 GW of new capacity, bringing the year-to-date total to 7.5 GW. States Lead the Charge: States across the country—such as Louisiana, Arkansas, and Mississippi—have joined the list of top clean power installers in Q3 2024 for the first time. Wind Pipeline Grows: The land-based wind pipeline saw upward movement in the third quarter, increasing three percent from the second quarter to reach 24.4 GW. The offshore wind pipeline grew to 15.5 GW in the third quarter, up 3.3 GW from the second quarter. Overall, the core story is clear: clean energy installations and energy storage installations continue to grow strongly. This year has been a particularly good year, and part of that may be a rush of installations in anticipation of threats to solar and wind power subsidies under a new Republican administration and Congress. The 4th quarter should be a very big quarter for solar and wind power, but I’m not so sure about 2025. We’ll see. CleanTechnica's Comment Policy LinkedIn WhatsApp Facebook Bluesky Email RedditPrime Minister, Dr. the Most Hon. Andrew Holness, says that during the next iteration of the New Social Housing Programme (NSHP) the Government will be focused on providing more cost-effective units that are easier to build. He said that the units will be “robust enough to withstand our weather and environmental conditions.” Dr. Holness, who was addressing the ceremony for the handing over of a two-bedroom unit to Shirley and Calvin Swaby in Fullerton Park, St. Ann on Thursday (Dec. 12), outlined plans to shorten the construction time of the units by using pre-built solutions that can be placed on a foundation. “They’ll still be strong, robust, but the prefabricated housing solutions, the technology is now far advanced for us to be able to deploy a one-bedroom or a two-bedroom solution quite easily,” he noted. “So, they are constructed in a factory, they are put on a trailer, and they are brought to the location. A small crane puts them in place, assembles them, and within a matter of a week or two, you have a house ready to occupy. That is the direction in which we will probably have to go because the time it takes for construction, in addition to the administrative time, procurement time, and the compliance time, does elongate the process,” he pointed out. Meanwhile, Minister of State in the Ministry of Finance and the Public Service, Hon. Zavia Mayne, who is also Member of Parliament for St. Ann South West, informed that Mrs. Swaby and her husband Calvin had lived in an abandoned teacher’s cottage in Alexandria in the parish before being served notice. Mrs. Swaby, whose husband is visually impaired, expressed gratitude to the Prime Minister and Mr. Mayne for their part in providing them with safe shelter, noting that their lives have been transformed.Jay Leno Fell Down A Hill Trying To Get Some Chicken Parmesan


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