DIRS.INFO The most relevant business & tech news

☆ Best energy and utility stocks to own for rest of year, according to UBS
▼ + stars: | 2024-05-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

In a Thursday note, analyst Josh Silverstein listed the firm's "most compelling" buy-rated stocks to own across the energy and utilities sectors, including Suncor Energy , Coterra Energy , SLB , NextEra Energy and First Solar . Energy and utilities sectors are faring well this year, gaining 12.5% and 8.9%, respectively, while the broader market has advanced about 9.3%. His $90 price target suggests shares could jump 15.1%. First Solar is another favorite of UBS, which assigned the stock a $350 price target that implies 26.5% upside. Other energy and utility favorites UBS named include Coterra and Suncor Energy .

Persons: Josh Silverstein, William Appicelli, Jon Windham, —, SLB Organizations: UBS, Suncor Energy, Coterra Energy, NextEra Energy, . Energy, Big Tech Locations: Schlumberger

☆ This index will beat the S&P 500, with inflation set to be among 2024's 'biggest risks,' BofA says
▼ + stars: | 2024-02-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors should prefer the Canadian TSX Composite benchmark index in 2024 to the S & P 500 , according to Bank of America. Last year, while inflation was moderating, the TSX underperformed the S & P 500 by 16 percentage points. However, the Canadian index beat the S & P 500 in 2022 when inflation was investors' prime concern. According to FactSet, the P/E currently stands at 15.75x, lower than the 20.28x of the S & P 500. Canadian investors can access the index through the near-identical iShares Core S & P/TSX Capped Composite Index ETF and BMO S & P/TSX Capped Composite Index ETF .

Persons: Ohsung Kwon, FactSet, Kwon, SPX Organizations: Canadian, Bank of America, TSX, of America's, BMO, U.S Locations: of America's Canada, 15.75x, United States, Canada, Yom Kippur, Vietnam

☆ 'Buy on the dips': Morgan Stanley names its favorite stocks in European tech
▼ + stars: | 2024-01-17 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Those themes can "drive earnings momentum throughout this year, especially in 2H24," Morgan Stanley's analysts led by Lee Simpson wrote in a Jan. 11 research note titled "2024 Outlook: buy on the dips." The stocks are listed in the order of Morgan Stanley's preference in the table above. ASML The Dutch semiconductor equipment maker made Morgan Stanley's list, with a 12-month price target of 700 euros ($764.26), giving it around 7.8% upside. They expect the stock to "outperform on recovery" and thus gave it a target price 48 euros, or 20.8% upside potential. VAT Group This German company was among Morgan Stanley's top stocks, thanks to its exposure to the memory segment.

Persons: Morgan Stanley, Morgan, Lee Simpson, Morgan Stanley's, Besi, STMicroelectronics Morgan Stanley, — CNBC's Michael Bloom Organizations: Wall Street Bank Locations: 2H24, upcycles

☆ Mushrooms are flourishing in the Abu Dhabi desert
▼ + stars: | 2023-08-10 | by ( Sarah Lazarus | ) edition.cnn.com time to read: +4 min

Now, a startup in Abu Dhabi has found a way to grow them in the middle of the desert. Below Farm is producing “specialty mushrooms” such as oyster, king oyster, shiitake and lion’s mane. Managing director Bronte Weir says the indoor farm, about 45 minutes’ drive from downtown Abu Dhabi, is the first in the region to grow and sell high-end mushrooms. He now orders 20 kilograms (44 pounds) of oyster mushrooms a week from the company. Neighborhood pizzeria Marmellata uses Below Farm's produce on one of its most popular dishes: the kale and mushroom pizza.

Persons: Bronte Weir, ” Weir, Liliana Slowinska, Wojciech Slowinski, Weir, isn’t, Abu, we’ve, ”, “, we’re, Dagstani Organizations: Hong Kong CNN, CNN Business, Business Research Company Locations: Hong Kong, Abu Dhabi, Europe, United States, UAE

☆ In upcycling drive, South African designers give new life to Western fashion waste
▼ + stars: | 2023-07-14 | by ( Catherine Schenck | ) www.reuters.com time to read: +2 min

[1/4] South African aspiring designer Khumo Morojele inspects a second hand clothing imported from the West and sold in bales in markets known as Dunusa, at his studio, in Johannesburg South Africa, July 3, 2023.REUTERS/Siphiwe Sibeko/File PhotoJOHANNESBURG, July 14 (Reuters) - Two South African aspiring designers, Khumo Morojele and Klein Muis, spend hours at a second-hand street market in Johannesburg looking for fashion items. The duo then upcycles what they find into clothing or accessories they say express uniquely African style. The duo's current project, "Dunusa: Life of a Garment", sees them sourcing second-hand clothing often sent to Africa from European countries, which are then deconstructed and reworked into avant-garde and abstract fashion. They are working with a Ghanaian shoemaker on a project to turn old soccer boots into sandals that reflect both African and European love for the sport. Reporting by Catherine Schenck, Writing by Tannur Anders; Editing by Olivia Kumwenda-Mtambo and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Khumo Morojele, Siphiwe, Klein Muis, Catherine Schenck, Tannur Anders, Olivia Kumwenda, Rosalba O'Brien Organizations: REUTERS, Thomson Locations: Johannesburg South Africa, JOHANNESBURG, Johannesburg, Africa, Berlin

The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. REUTERS/Benoit TessierIndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to planemakers. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars.

Persons: Le Bourget, Emmanuel Macron, planemakers, Sash Tusa, Benoit Tessier IndiGo's, there's, Pieter Elbers, flynas, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Julia Payne, Nandan Mandayam, Mark Potter, Jonathan Oatis Organizations: Airbus, Defence, Indian, Paris, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Partners, Air, REUTERS, Saudi, Bloomberg, Kyiv, Rafale, Eurofighter, Thales, Mexico's Viva, Thomson Locations: Paris, PARIS, Britain, UKRAINE, European, France, Germany, Spain, Le Bourget, India, Ukraine, Ukrainian, Belgium, Franco, Spanish, Indonesia, Air India

☆ Britain's charity stores are going upmarket
▼ + stars: | 2022-12-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +13 min

Britain's charity shops are transforming as they try to appeal to Gen Z customers. The managers told Insider their retro and vintage stores were largely in urban areas with large student populations. Grace Dean/InsiderE-commerce for charity shops is completely different than e-commerce for retailers that sell large batches of new products. Nonessential retail stores had to shut their doors for months during the pandemic, which the Charity Retail Association estimated cost UK charity shops about £28 million, or $32 million, a month. But, as the aisles of charity shops across the UK show, a lot of people do choose to donate them.

☆ Fast-Fashion Brands Like Zara, Shein Create Mountains of Waste From Holiday Shopping, Returns
▼ + stars: | 2022-12-22 | by ( Gad Allon | ) www.businessinsider.com time to read: +12 min

A report by the Ellen MacArthur Foundation found that, globally, less than 1% of used clothing is actually recycled into new clothes. Recycling clothes is expensive, and the existing technology isn't adequate to handle the volume needed to make a difference for the planet. While recycling clothing can be expensive, there are some companies that have figured out a way to limit waste by recycling. Time to be honestIn order to fix fast fashion, companies need to start being more transparent about their sustainability practices. It also ensures that the waste companies produce is out in the open.

☆ Charity clothing stores turn to Depop and Instagram as they head upmarket with vintage and designer items
▼ + stars: | 2022-10-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +13 min

Britain's charity shops are changing how they look and trying to appeal to Gen Z customers. They're selling more designer and vintage items, creating listings on Depop, and carefully curating their social-media profiles — all targeted mainly at appealing to the growing number of Gen Z shoppers. The managers told Insider their retro and vintage stores were largely in urban areas with large student populations. Non-essential retail stores had to shut their doors for months during the pandemic, which the Charity Retail Association estimates cost UK charity shops about £28 million ($32 million) a month. But, as the aisles of charity shops across the UK show, a lot of people do choose to donate them.

☆ This CNN Hero upcycles old computers to open new worlds for young Kenyans
▼ + stars: | 2022-07-14 | by ( Allie Torgan | ) edition.cnn.com time to read: +1 min

(CNN) Growing up in poverty in rural Kenya, Nelly Cheboi watched her single mother, who had only completed fifth grade, work tirelessly so Cheboi and her three sisters could attend school. "Looking at the poverty in the household, looking at the community and suffering, it just became so clear that I needed to do something." Cheboi attended college on scholarship in the United States, worked odd jobs to support her family, and discovered her passion for computer science. Today, she's giving 4,000 kids the chance for a brighter future through her nonprofit, TechLit Africa. The organization, whose name is short for Technologically Literate Africa, uses recycled computers to create technology labs in schools in rural Kenya.

Search resuls for: "upcycles"

10 mentions found