The main headlines that the global financial media focused on last night and this morning were:
Gates-backed startups develop liquid tin energy storage technology
High-voltage transmission lines and solar panels at the Dafra solar power plant near Abu Dhabi, United Arab Emirates. Fourth Power seeks to store renewable electricity as heat for hours to days.
Bill Gates' Breakthrough Energy Ventures has stepped up its investment in long-duration energy storage to support a new thermal energy storage startup.
Fourth Power converts renewable electricity into heat and stores it for later use. By using liquid tin, the company's thermal cells can conduct heat at very high temperatures to the carbon block stack, which can then release electricity through the thermophotovoltaic cell. Such approaches can help address the intermittent nature of renewable energy.
Ruled to violate U.S. antitrust laws, Illumina plans to sell Grail
A U.S. appeals court ruled that Illumina's $7 billion acquisition of Grail violated antitrust laws, and Illumina said it would sell Grail.
The U.S. Court of Appeals for the Fifth Circuit ruled last week, but remanded the case back to the U.S. Federal Trade Commission for reconsideration. In its internal evaluation of the deal, federal regulators incorrectly applied antitrust standards and determined that their decision should be reversed.
The financial world is changing rapidly, but Wall Street's profit outlook hasn't changed
The financial world is rapidly changing as the Federal Reserve prepares to start cutting interest rates and U.S. stocks reach or approach all-time highs.
But one thing hasn't changed with the times: Wall Street's expectations of corporate profits.
According to the compilation, S&P 500 companies will earn about $247 per share by 2024. This is essentially the same as on May 5. During this period, the index rose 14% after the market experienced a banking crisis, rising inflation, and fears of a possible impending recession.
Suez Canal transit fees are Egypt's main source of foreign exchange Egypt's Suez Canal Authority said it was monitoring tensions in the Red Sea
Egypt's Suez Canal Authority said it was "closely watching" tensions in the Red Sea and any impact on the canal's transit, after unidentified militants attacked ships hundreds of miles south, causing major shipping companies to temporarily avoid the area.
Osama Rabie, chairman of the Suez Canal Authority (SCA), said in a statement on Sunday that 55 ships have been diverted to the Cape of Good Hope route between Europe and Asia since Nov. 19. So far, this represents only a small fraction of the 2,128 ships that passed through Egypt's waterways during the same period.
Fed's Goolsbee: It's too early to declare victory over inflation, wait for the CPI data
Chicago Fed President Goolsbee said it was too early to declare the central bank's victory in the fight against inflation, and the decision to cut interest rates would be based on upcoming economic data.
"We've made a lot of progress in 2023, but I still warn everyone that it's not done yet," Goolsbee said in an interview on Sunday, "so the data will drive the change in interest rates." ”
Goolesbee was more optimistic than most policymakers about the prospect of a soft landing for the U.S. economy, praising inflation progress this year while noting that inflation is still far from the Fed's 2% target.
Companies such as Clorox, Boeing, MGM and others have been tricked Why hackers are proliferating in 2023
Large-scale hacking attacks with widespread destructiveness are proliferating.
After a lull in 2022, ransomware attacks targeting high-value targets such as large corporations, banks, hospitals or government agencies have seen a "significant rise" this year, with a 51% increase by the end of November, according to cybersecurity firm Crowdstrike Holdings Inc. The company said there was a decrease in such attacks last year compared to the previous year.
And these vulnerabilities cause more damage to the victims. According to blockchain analytics firm Chainalysis Inc., ransom payments to hackers who hold the system "hostage" increased by nearly half by almost half by September, totaling nearly $500 million.