NiseriN/iStock via Getty Images GE Vernova (NYSE:GEV) said it plans to cut the size of its offshore wind business, a move that could result in the elimination of 900 jobs around the world, Reuters reported Thursday. GE Vernova (GEV) cited cost inflation and supply chain challenges that have hurt the wind sector over the last year, but it also has suffered delays to two major projects it is supplying - Vineyard Wind in Massachusetts and Dogger Bank in the U.K. - because of incidents involving its turbine blades. \"The proposal reflects industry wide challenges for wind and aims to transform our Offshore Wind business into a smaller, leaner and more profitable business within GE Vernova,\" the company said. GE Vernova (GEV) has attracted widespread praise from analysts, but the company said last week it expected to lose $300M in its wind segment this quarter.

Ayman Zaid/iStock Editorial via Getty Images Alibaba (NYSE:BABA) released over 100 open-source artificial intelligence models, as its Cloud unit's annual flagship event, Apsara kicked off on Thursday. The Chinese tech giant also unveiled a new text-to-video tool based on its AI models. The open-source models are based on the company's large language model, or LLM, Qwen 2.5, and are designed for use in areas including, automobiles, gaming and science research. The LLMs also have more advanced capabilities in math and coding, according to a report from CNBC. China's cloud services market has seen a price war with players such as Baidu (BIDU) Alibaba, ByteDance (BDNCE), Tencent (OTCPK:TCEHY) (OTCPK:TCTZF) and iFlytek cutting prices of their large language models, or LLMs, which power AI chatbots. \"In the past year, the price of Tongyi large model API on Alibaba Cloud’s ModelScope has dropped by 97%. The lowest cost for deploying a million Tokens is now just RMB 0.50. The cost of inference is a critical factor for application proliferation, and Alibaba Cloud will continue to further reduce user costs,\" said Eddie Wu, Chairman and CEO of Alibaba Cloud Intelligence, in his keynote speech, according to Alizila, Alibaba's news portal. Wu noted that the company has seen that over 50% of new computing power demand stems from AI, and AI computing needs are at the forefront of demand. He expects this trend is set to grow exponentially. Wu added that despite Alibaba Cloud's investments in AI computing capacity over the past year, it still falls short of meeting its customers' \"voracious demand.\" The new AI models are between 0.5B and 72B parameters and support for over 29 languages, as per a report from Reuters.

shaunl New car registrations in the European Union showed an 18% drop in August, witnessing declines in the four major markets of the region. Germany took the biggest hit with a drop of 27.8%, and France of 24.3%, Italy 13.4%, and Spain 6.5%, the European Automobile Manufacturers' Association (ACEA) said on Thursday. August's 18.3% decline compares to July's modest 0.2% rise. So far in 2024, new car registrations have increased by 1.4%, reaching almost 7.2M units. A striking decline was seen in the battery electric vehicles ((BEVs)) of 43.9% to 92,627 units compared to 165,204 units in August 2023. Its total market share declined to 14.4% from 21% a year before. The sharpest decline was seen in Germany (-68.8%) and France (-33.1%). Plug-in hybrid car registrations saw a decrease of 22.3% last month. Its market share slipped to 7.1% from 7.4% last year. The only segment that saw growth was the hybrid-electric vehicles, up by 6.6% in August to 201,552 units, with three of the four largest markets seeing gains. Its market share climbed to 31.3% from 24% in August 2023. In August 2024, petrol car sales declined by 17.1%, and the diesel car market saw a decline of 26.4%. The overall automotive market is undergoing shifts, with traditional internal combustion engine vehicles still holding a significant share despite their gradual decline. Tickers to watch: Volkswagen Group (OTCPK:VLKAF), Stellantis (STLA), Renault Group (OTCPK:RNSDF), Hyundai (OTCPK:HYMTF), Toyota Motor (TM), BMW (OTCPK:BMWYY), Mercedes-Benz (OTCPK:MBGAF), Ford Motor (F), Volvo Cars, Tesla (TSLA), Nissan (OTCPK:NSANY), Suzuki (OTCPK:SZKMY).

piranka/E+ via Getty Images Steelcase shares (NYSE:SCS) fell more than 10% in premarket trade on Thursday after it missed estimates for second quarter revenue, while the profit outlook for the full-year fell short of consensus estimates amid weakness in international orders. The company sees full-year 2025 EPS in the range of $0.86 to $1.01, vs analysts' estimate of $0.98, while Q3 revenue forecast of $785 to $810 million, was below estimates of $812.08 million. Steelcase (SCS) said orders declined modestly in the second quarter compared to the prior year, including a 3% growth in the Americas and an 11% decline in the international market. \"The order growth in the Americas was primarily driven by government, education, and healthcare customers, while orders from large corporate customers declined compared to the prior year after several quarters of strong year-over-year growth,\" Steelcase (SCS) said in a statement. Steelcase further noted that the order decline internationally was driven by weakness across most major markets, with the exception of India. However, it expects order patterns from its \"largest corporate customers to return to growth in the second half of the year.\" Steelcase's (SCS) backlog was approximately $680 million at the end of the second quarter, which was approximately flat compared to the prior year and contained a higher percentage of orders expected to ship within ninety days compared to the prior year.

TotalEnergies（纽约证券交易所代码：TTE）延长与中国海洋石油公司的协议，将每年向中国供应125万吨液化天然气，直至2034年，巩固其作为全球主要液化天然气参与者的地位。该交易支持了该公司增加天然气销售的目标，天然气作为中国从煤炭转向发电的关键过渡能源。TotalEnergies液化天然气高级副总裁Gregory Joffroy表示：“该协议使我们能够继续确保在亚洲的长期销售，并减少我们对现货市场天然气价格的影响。”

Wasan Tita Siris to sale Fiery to Seiko Epson Corporation (OTCPK:SEKEY) in a transaction valued at approximately $591 million, the company said on Wednesday. Fiery is a provider of digital front end servers and workflow solutions for the growing industrial and graphic arts print sectors. Fiery was acquired as part of Siris' take-private acquisition of EFI in 2019. The divestiture of Fiery is the second carveout that Siris has completed from the broader EFI portfolio, after previously selling eProductivity Software to Symphony Technology Group, announced in 2022. The transaction is expected to close within 2024. Source: Press Release

德国(DAX：IND)+法国(CAC：IND)+1.13%摩尔多瓦8月份生产者价格同比下降0.2%。斯洛伐克的经常账户赤字在7月份上升到3.042亿欧元。奥地利8月份的年通货膨胀率降至2.3%。在美联储四年来首次降息后，泛欧斯托克600指数上涨0.71%。美联储大幅降息50个基点，缓解了投资者的担忧。投资者现在关注的是英格兰银行，预计在8月份降息25个基点至5%后，英格兰银行将保持利率不变。即将到来的会议：英国央行的利率决定预计在美国东部时间上午7点。在债券市场，美国10年期国债收益率上升1个基点，至4.00%。德国10年期国债收益率上升1个基点，至2.02%。英国10年期国债收益率上涨不到1个基点，至3.85%。货币：(欧元：美元)(英镑：美元)(瑞士法郎：美元)ETF：(EWG)、(GF)、(EWI)、(EWQ)、(FGM)、(DAX)、(FLGR)、(FXB)、(EWU)、(FKU)、(EWUS)、(FLGB)、(GREK)

Hess Midstream (NYSE:HESM) announced the pricing and upsize of the previously announced secondary public offering of 11 million shares of its Class A shares representing limited partner interests in HESM by an affiliate of Global Infrastructure Partners. The offering was upsized from the previously announced offering of 10 million Class A shares. The selling shareholder has granted the underwriter a 30-day option to purchase up to 1.65 million additional Class A shares. HESM will not receive any proceeds from the sale of Class A shares in the offering. The offering is expected to close on September 20, 2024. The stock price is down 2.71% on Thursday during premarket.

Topgolf Callaway Brands (NYSE:MODG) has entered into a multiyear agreement with Golf Saudi Entertainment, LLC to bring Topgolf Callaway Brands' family of brands, including Topgolf, Callaway, TravisMathew, Odyssey, and Ogio, to Saudi Arabia. As per the terms of the pact, Golf Saudi will construct three Topgolf venues by 2028 and may open two more in the future. Callaway Golf, Odyssey, TravisMathew, and Ogio will provide equipment and apparel for Saudi National golf teams, Saudi Elite golf professionals, and Golf Saudi facility pros. Golf Saudi will exclusively distribute Callaway Golf, Odyssey, and Ogio products in Saudi Arabia.

美国医疗保健房地产投资信托基金（纽约证券交易所代码：AHR）以每股23.55美元的价格承销公开发行1，740万股股票。承销商拥有30天的选择权，可额外购买最多261万股股票。净收益将用于行使购买合资伙伴在Trilogy Holdings中24%少数股东权益的选择权，并偿还其信用额度下的某些未偿债务。此次发行预计将于2024年9月20日结束。周三盘后交易时段，AHR（AHR）股价下跌3%。

Wirestock/iStock社论通过Getty Images中国国家开发银行金融租赁部门表示，将购买50架波音（纽约证券交易所代码：BA）737 Max 8喷气式飞机，这是其一周内的第二笔大型飞机订单。该订单可能会对这家飞机制造商（BA）起到提振作用，该公司正面临中国订单下滑以及工会罢工和质量问题。国银航空在一份声明中表示，该公司预计将在2028年至2031年间交付该飞机。国家开发银行金融租赁表示，该订单将优化其机队结构，提高采用先进技术的下一代飞机的比例。由于美国经济紧张，中国买家的飞机购买自2018年以来显着放缓中国关系，但正在慢慢恢复。

Justin Sullivan/Getty Images News Semiconductor company Ampere Computing, backed by Oracle (NYSE:ORCL) and Larry Ellison, is likely considering a potential sale, according to a Bloomberg report that cites people familiar with the matter. The Santa Clara, California-based company collaborated with a financial adviser to assess takeover interest from larger industry players but has not ruled out the option of remaining independent. The sale consideration may indicate that Ampere does not foresee an IPO as an easy path, the report said. The ongoing AI boom could benefit the company, but the semiconductor market has become increasingly competitive, with other tech firms also developing similar chips. Though the chipmaker seems to have stepped back from pursuing an immediate IPO, the possibility remains for the future, people with knowledge of the matter said. Ampere was valued at $8B in a proposed minority investment by SoftBank Group (OTCPK:SFTBY) in 2021. Oracle (ORCL) stock has gained about 46% over the last year, and it gets a Seeking Alpha quant rating of Hold with the highest factor grades given to profitability.

Andy Andrews Bel Fuse (NASDAQ:BELFA) (BELFB) to acquire a majority stake in Enercon Technologies from Fortissimo Capital based on an enterprise value of $400M. Bel will acquire an 80% stake upfront for $320M in cash plus up to $10M of potential earnout payments for the 2025-2026 period, with the intent to purchase the remaining 20% by early 2027 based on future EBITDA performance. The transaction Expands Bel’s (BELFA) exposure to the aerospace and defense end market from 17.5% to 31% of total revenue. It is expected to be accretive to Bel’s GAAP EPS within one-year post-close, and to Bel’s non-GAAP EPS from day 1. The company intends to finance the acquisition through a combination of cash on hand and an expansion of its existing credit facility.

hapabapa/iStock Editorial via Getty Images Palantir (NYSE:PLTR) awarded a $99.8M firm-fixed-price contract for user licenses for the Maven Smart System AI tool, ancillary software support and hardware. Work has an estimated completion date of Sept. 24, 2029. Army Contracting Command is the contracting activity.

Kachura Oleg/iStock通过Getty Images澳大利亚失业率维持在4.2%不变，与预测一致，与7月份的2.5年高点持平。数据显示，8月份雇主净新增就业岗位47，500个，几乎是经济学家预期的25，000个的两倍。失业人数减少1.05万人至62.7万人，其中寻找全职工作的人数减少740万人至42.19万人，寻找兼职工作的人数减少320万人至20.5万人。由于劳动力市场仍然紧张，储备银行短期内降息的可能性较小，这与全球央行的增长趋势背道而驰。周四，S & P/ASX 200指数上涨0.4%，至8，170点上方，在强劲的劳动力市场报告后创下历史新高。ETF：（EWA）、（FXA）、（FLAU）。

SlavkoSereda/iStock via Getty Images Crude oil futures pared losses but still settled lower after the Federal Reserve opted for a 50-basis point interest rate cut, the larger of the two options markets were considering and a move that some analysts see as likely to lift demand for crude but others view as signaling a weak U.S. economy. A larger than expected weekly draw in U.S. crude stocks also provided little help for oil prices, which continue to be weighed by persistent concerns about weakening global demand that have kept a lid on oil's recent bump up from multi-year lows. Commercial crude oil stockpiles in the U.S. fell by 1.6M barrels to 417.5M barrels in the week ended September 13 and were ~4% below the five-year average for the time of year, the U.S. Energy Information Administration reported. Investors may have linked the drawdown to Hurricane Francine, a short-lived event in which \"the numbers have a tendency to boomerang back in the opposite direction in the next week's report, after oil infrastructure comes back online,\" Mizuho's Robert Yawger said, according to Reuters. Oil futures had gained in the previous session, helped by worries over a renewed rise in Middle East tensions after thousands of pagers used by Hezbollah operatives in Lebanon exploded in an attack that the group blamed on Israel; a second round of attacks targeting walkie-talkies caused explosions across Lebanon on Wednesday. But traders turned skeptical about the possibility of a supply shock in the region, and Tuesday's gains likely reflect the reduction of a large net short futures position, Pepperstone head of research Chris Weston said, as reported by Dow Jones. Finally, the Department of Energy confirmed it is seeking bids for 6M barrels of crude oil for delivery next year to the U.S. Strategic Petroleum Reserve. Front-month Nymex crude (CL1:COM) for October delivery closed -0.4% to $70.91/bbl, and front-month November Brent crude (CO1:COM) ended -0.1% to $73.65/bbl. U.S. natural gas futures settled lower ahead of this week's inventory report, with the Nymex front-month October contract (NG1:COM) settling -1.7% at $2.284/MMBtu. ETFs: (NYSEARCA:USO), (BNO), (UCO), (SCO), (USL), (DBO), (DRIP), (GUSH), (USOI), (UNG), (BOIL), (KOLD), (UNL), (FCG) Indian officials said the country plans to continue to buy relatively cheap Russian oil despite Western sanctions, as Oil Minister Hardeep Singh Puri reiterated at Houston's GasTech conference that India will continue to procure oil and gas at the most competitive prices from any source. Russian crude accounted for 44% of India's overall imports in July, or just over 2M bbl/day, more than 4% higher than in June and 12% more than the year-earlier total; China's oil imports from Russia in July totaled 1.76M bbl/day.

AutumnSkyPhotography/iStock Editorial via Getty Images The EU's General Court largely upheld a fine imposed on Qualcomm (NASDAQ:QCOM), reducing it to €238.73M from the €242M imposed by the European Commission, or EC. In 2009, British company Icera filed a complaint with the EC against U.S. chipmaker Qualcomm and the following year the agency began an investigation. In 2012 Nvidia (NVDA), which acquired Icera in May 2011, supplied further information, adding to the complaint and made allegations of predatory pricing against Qualcomm. The EU antitrust regulator defined the relevant market as slim and integrated baseband chipsets compliant with the Universal Mobile Telecommunications System, or UMTS, standard. The Commission found that Qualcomm held a dominant in that market globally, at least between Jan. 1, 2009 and Dec. 31, 2011. The EC concluded that Qualcomm abused its dominant position by supplying certain quantities of some of its UMTS chipsets to two customers, Huawei and ZTE, below cost prices, with the aim of eliminating Icera, its main competitor at the time, the General Court said in a press release on Wednesday. Qualcomm had requested the Court to annul or to reduce substantially the amount of the fine. \"In its judgment, the Court makes a detailed examination of all the pleas put forward by Qualcomm, rejecting them all in their entirety, with the exception of a plea concerning the calculation of the amount of the fine, which it finds to be well founded in part,\" said the General Court. The General Court noted that an appeal may be brought before the Court of Justice against its decision within two months and 10 days of notification of the decision. The Court of Justice of the European Union, or CJEU, consists of two courts — the Court of Justice and the General Court.

CI Financial（TFX：CIX：CA）达成一项协议，出售本金总额为3.25亿美元的债券，利率为6.00%，每半年支付一次，到期日期为2027年9月20日。此次发行是根据CI Financial（CIX：CA）先前于2022年11月18日提交的基本货架招股说明书进行的。出售债券的净收益为现有债务再融资，其余收益（如有）将用于一般企业目的。

欧元区8月份通胀率从2024年7月的2.6%降至2.2%。欧元区8月份消费者价格指数环比上涨0.1%。ETF：（EWG），（GF），（EWI），（EWQ），（FGM），（DAX）货币：（欧元：美元）

TotalEnergies（纽约证券交易所代码：TTE）已与BOTASYS签署协议要点，从2027年开始，在十年内每年供应110万吨液化天然气。这项长期协议加强了TotalEnergies在土耳其液化天然气市场的影响力，并有助于确保长期销售，同时减少现货市场天然气价格波动的风险。作为全球第三大液化天然气公司，TotalEnergies的目标是到2030年将天然气在其销售结构中的比例提高到近50%，重点关注减少碳排放和消除天然气价值链中的甲烷排放。

Box (NYSE:BOX) announced the pricing of $400 million aggregate principal amount of 1.50% convertible senior notes due 2029 in a private placement. In addition, it has granted the initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount of the notes. The sale of the notes is expected to close on September 20, 2024. The notes will bear interest at a rate of 1.50% per year. Interest will be payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025. The notes will mature on September 15, 2029. The initial conversion rate will be 23.0102 shares of Box’s Class A common stock per $1,000 principal amount of notes, representing a premium of approximately 30% over the last reported sale price of Box’s common stock on the NYSE on September 17, 2024. Box estimates that the net proceeds from the offering will be approximately $389.2 million, including $447.8 million if initial purchasers opt to buy additional notes in full. Box expects to use approximately $45.6 million of the net proceeds for capped call transactions, approximately $191.7 million of the net proceeds for repurchase of $140.0 million of its outstanding 0% convertible senior notes due 2026, and the remainder of the proceeds for working capital and other general corporate purposes. In connection with the notes offering, Box entered into capped call transactions with certain of the initial purchasers and/or their respective affiliates and certain other financial institutions. Box is required to make in excess of the principal amount of converted notes to a cap initially equal to $66.86, representing a premium of 100% over the last reported sale price of Box’s common stock on NYSE. Furthermore, in connection with the issuance of its 2026 Notes, Box entered into capped call transactions with certain financial institutions, that is, the existing-capped call counterparties, to unwind a portion of the existing capped call transactions corresponding to the principal amount of the 2026 Notes repurchased. Box expects to receive approximately $30.3 million in connection with the unwind transactions, which it intends to use for general corporate purposes.