Electrovaya: Sell The Rally (Rating Downgrade)

A Betterment client is suing the firm, alleging advisors moved clients’ excess cash into sweep accounts at banks that didn’t generate any interest, leaving investors having “lost significant interest they would have otherwise earned.” New Jersey resident Michael Treadway filed the class action lawsuit in New York federal court, alleging he was a Betterment client…

Prior was +1.0% revised to 1.1% The advanced July reading comes in at 0.8% Retail sales for June 0.6% vs 0.4% estimate Ex Autos for June 0.5% vs 0.4% estimate. Prior 1.2%. In volume terms retail sales wer up 1.5% in June Retail sales were up 2.2%  with volume sales up 0.4% Details: Core retail sales:…

That MEG deal, valued at $8.6bn and closed in November after a bidding war with Strathcona Resources Ltd., added more than 100,000 barrels a day of output next to Cenovus’s Christina Lake operations, per Reuters.  McKenzie said the company remains on track to lift MEG production to 150,000 barrels a day by 2028, the Canadian Press reported.   Cenovus…

The Ethiopia-Djibouti corridor sits at the centre of this transformation, serving as the primary gateway for Ethiopia’s import and export flows. For financial institutions such as iibGroup, the role of banking extends well beyond liquidity provision. It is about deploying capital to support economic resilience, strengthen trade ecosystems, and deliver measurable social and environmental impact….

Opinions expressed by Entrepreneur contributors are their own. Key Takeaways We gave AI the job of writing our code and lost the ability to verify it before it ships, but that’s only half of the problem. The other half is that while you’re still trying to review what your own AI wrote, someone else’s AI…

The Federal Accounting Standards Advisory Board released guidance Tuesday on implementing the disclosure requirements for public-private partnerships with the federal government. Processing Content Technical Release 24: Implementation Guidance for SFFAS 49, Public-Private Partnerships, aims to help entities report in accordance with Statement of Federal Financial Accounting Standards  49, Public-Private Partnerships: Disclosure Requirements, which was issued…