ExxonMobil is set to make a $100 million investment in its Baton Rouge Complex to enhance the production of high-purity isopropyl alcohol, a necessary component in semiconductor manufacturing. As reported by Opportunity Louisiana, the project aims to address the growing demand within the tech industry and is slated for completion by 2027. The Baton Rouge
Even when large-cap stocks lose, they still find a way to win. It’s been a rocky year for the S&P 500, but the mega-cap-heavy index has still easily beaten its peers with a relatively modest 5.2% loss. For comparison, the mid-cap-dense S&P 400 and small-cap-oriented S&P 600 have sold off by 6.9% and 10%, respectively,
President Bola Ahmed Tinubu has signed into law the Investment and Securities Act (ISA) 2024, marking a major milestone in Nigeria’s capital market reform. The new legislation, which repeals the former Investments and Securities Act No. 29 of 2007, is aimed at strengthening the legal and regulatory framework for investments and capital market activities in
Space tourism is getting a boost. Axiom Space, which flies both private and government missions, secured “hundreds of millions” in additional investment this week at a $2 billion valuation, sources told me — with the goal of exponentially scaling their footprint in space and creating the world’s first commercial space station. Since launching in Texas
Trump has been touting TSMC’s $100 billion plan to build new factories in the US as a strategic win. But former Intel CEO Pat Gelsinger suggests the investment is merely a facade that masks the US’ ongoing chip-making shortfalls. Taiwanese chip giant TSMC says it will invest $165 billion to construct six new fabs in
The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided important relief for farm families. While reductions in the corporate income tax rates were made permanent in 2017, income tax
Hyderabad: Former Telangana minister K.T. Rama Rao (KTR) found himself at the centre of a social media storm after claiming credit for BYD’s potential $10 billion investment in the state. Citing the BRS government’s EV & ESS policy and their 2022-23 negotiations, he hailed it as the “fruition of a long-term plan.” But netizens weren’t
Investment word of the day: Most investors track their investments’ performance to determine whether their strategies are achieving the desired results. Along with aligning with personal financial goals, checking an investment’s performance helps understand its relative performance to the benchmark index. One key measure to check this is alpha. What is alpha? Alpha, a technical
We got an early look at the balance of trade Thursday morning. Imports in February were more or less flat after surging in January, according to the U.S. Census Bureau. Meanwhile, exports picked up. All in all, the trade deficit shrank a little from the previous month. But that gap between imports and exports is just about the
The development of Jumeirah Village Circle (JVC) in Dubai is turning it into a hot cake for investors, especially those from the US who are looking for good business in real estate. Nakheel created this affordable housing project with everything a family needs that combines low cost, favorable geographical position, and a developing community that