Atkore Receives Mixed Ratings from Analysts and Insider Stock Sales
Atkore (NYSE:ATKR) receives ‘outperform’ rating from Royal Bank of Canada, with stock analysts setting a price objective of $187.00. StockNews.com downgrades Atkore from ‘buy’ to ‘hold’. Atkore’s stock performance shows a 1 year low of $116.14 and a 1 year high of $189.39. Latest quarterly earnings data reveals $4.12 EPS, with a return on equity of 46.79% and a net margin of 18.80%. Insiders, including VP Leangela W. Lowe and Insider John W. Pregenzer, have recently sold shares of the firm’s stock.
Western Australia’s Greenhouse Gas Emissions Surge Raises Doubts on Australia’s Net Zero Targets
Western Australia’s greenhouse gas emissions are projected to rise significantly, posing challenges for Australia’s net zero targets. The state’s carbon emissions are expected to exceed 2005 levels by 20% in 2024, with little progress in decarbonizing the main power grid. The delay in setting a 2030 target and overcoming key barriers to emissions reduction further complicates the situation, leaving other states to make larger cuts to compensate for Western Australia’s shortfall.
Sodium-Ion Batteries Gain Attention as Sustainable Alternative to Lithium
As the demand for sustainable power sources rises, sodium-ion batteries are gaining attention as a more environmentally friendly alternative to lithium batteries. With lower water and energy requirements for production, and easier recycling, sodium-ion batteries are being deployed by energy companies worldwide, signaling a potential shift away from heavy reliance on lithium.
Indonesia’s Furniture Industry Seeks New Markets Amid EU Regulation
Indonesia’s furniture and handicraft industry is seeking new markets in response to the EU Deforestation Regulation. With the EU as a major buyer, the industry is now looking towards India, ASEAN, and Africa as alternative customers. The shift in focus aims to mitigate the impact of the EUDR and continue growth outside of the EU, signaling a significant reorientation in the industry.
Stanley Launches Exclusive Spring Collection at Target
Amazon’s spring sale features deep price cuts on cookware brands. Stanley launches exclusive collections with Target, offering new products in fresh pastel colors. From tumblers to coolers, the collection has everything needed to enjoy the season. Best picks include Quencher H2.0 FlowState Tumbler, IceFlow Flip Straw Tumbler, and Everyday Go Tumbler. Stanley’s exclusive spring collection at Target is designed to enhance outdoor and entertaining experiences.
Household Responses to High Inflation: Consumption, Saving, and Income Strategies
Households have faced significant challenges due to high inflation triggered by supply bottlenecks and energy price surges. According to the ECB’s Consumer Expectations Survey, consumers have adjusted their consumption, savings, and income strategies in response to elevated prices. The data indicates that consumers have resorted to measures such as shopping around, trading down to lower quality products, and reducing quantities purchased. The findings shed light on how households have adapted their spending and saving behavior in the face of high inflation, providing valuable insights into consumer resilience and adaptation during challenging economic conditions.
New Zealand slips into second recession in less than 18 months
New Zealand has slipped into its second recession in less than 18 months, with GDP shrinking by 0.1 percent in the October-December period. The recession is attributed to aggressive interest rate hikes and government policies, sparking political blame trading. The downturn raises concerns about the impact on the cost of living and economic growth.
In-N-Out Burger in Oakland Set to Close for the First Time in History
In-N-Out Burger in Oakland is closing for the first time due to increased crime, leaving the community reflecting on the end of an era. The closure raises questions about safety and crime in the region, prompting concerns among residents and business owners alike.
Toyota to Debut New Compact SUV, Land Cruiser FJ, in Late 2024
Toyota is rumored to debut the new compact SUV, the Land Cruiser FJ, in late 2024, with deliveries in Japan set to commence in the spring of 2025, followed by a global rollout. The vehicle is expected to uphold the exceptional off-road capabilities associated with the Land Cruiser nameplate, sitting on a ladder frame chassis to unlock its full potential for adventure-seekers. Anticipation continues to build for this new addition to the Land Cruiser family, promising off-road enthusiasts a compelling option in the compact SUV segment.
Bahrain’s Mumtalakat Acquires Full Ownership of McLaren Group
Bahrain’s sovereign wealth fund, Mumtalakat, has acquired full ownership of the McLaren Group, a renowned manufacturer of high-end sportscars and the majority stakeholder of the McLaren F1 team. This acquisition comes at a crucial time for the British company, which has been grappling with significant financial challenges. Amidst the deep financial uncertainty, McLaren sees the takeover as a pivotal moment, positioning it for strategic advancements in the competitive automotive and racing industries.