The activation of the fifteenth Finance Battalion, which lately obtained orders to reactivate, brings distinctive capabilities to the first Cavalry Division and Fort Hood by means of planning, integration and synchronization of finance operations. Lt. Col. Ralph E. Schneider IV assumed command of the fifteenth Finance Battalion on Aug. 17 throughout a ceremony on Cooper Area.
“The fifteenth Finance Battalion’s sphere of assist not solely impacts the troopers of the first Cavalry Division,” mentioned Col. Anthony L. Wilson Sr., commander, 1st Cavalry Division Sustainment Brigade. “It’s instantly impacting the lives of troopers throughout your complete set up in addition to these troopers which might be getting ready to deploy. It’s clear to see that this group really embodies Folks First!”
The activation ceremony can also be important as a result of the fifteenth Finance Battalion, initially referred to as the fifteenth Finance Firm, was assigned to the “First Workforce” when it was first created on March 15, 1971, earlier than it was redesignated.
The unit final deployed in assist of Operations Desert Defend and Desert Storm because the fifteenth Finance Help Unit, the place they earned a Meritorious Unit Commendation for his or her superior efficiency. The activation of this battalion additionally aids the Folks First mission by delivering superior monetary assist and monetary capabilities to the troopers and their households.
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“This functionality is extraordinarily vital as the first Cavalry Division is essentially the most deadly modernized division within the Military,” mentioned Wilson. “The reactivation of the fifteenth Finance Battalion is one other methodology by which to place Folks First because it permits the division to ship monetary assist to First Workforce troopers in addition to their households by means of enhanced strategies and finance capabilities.”
Over time, the fifteenth Finance Battalion will proceed to develop to make sure they accomplish the first Cavalry Division’s mission of being essentially the most trendy warfighting unit in america Military.
“There are near 80 troopers that make up this battalion, however over time you’ll develop to a battalion of 180 finance professionals,” mentioned Wilson. “Able to assist the first Cavalry Division and Fort Hood.”
The leaders of some of the world’s biggest financial companies firmly believe “resiliency and wisdom” hold the key to a global economy facing geopolitical tensions, financial market jitters and uncertainty about the coming transition in Washington.
Market participants should handle the challenges coming from all directions step by step while keeping faith that the issues can be resolved, they said at the Global Financial Leaders’ Investment Summit in Hong Kong on Tuesday. The event, organised by the Hong Kong Monetary Authority, is in its third year and this year’s theme is “Sailing through changes.”
“We’re seeing everyone recognise we’ve got to build up resiliency,” said Jane Fraser, CEO of Citigroup. “It’s easy to say globalisation is dead. It’s not. It’s just changing tremendously.”
BNP Paribas chairman Jean Lemierre said trade is a matter of negotiation. “The end result will be an agreement because otherwise it would be terrible for each of us.”
Lemierre said that wisdom should lead to solutions for trade tensions, which is all about “tariff, quota, reciprocity and timing”.
“We know the parameters of the discussion, so wisdom should lead to this type of approach,” he said.
Greening and scaling up public finance is critical, but it is not enough. Significantly scaling up private sector finance, including through greening value chains, green financial products (e.g. funds and loans) and carbon finance is needed to channel more resources toward activities with a positive impact on the environment and society.
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Nvidia (NVDA) mania is heating up ahead of the market darling’s Wednesday earnings report.
The company is “representative of the most important stocks in America,” EMJ Capital founder and president Eric Jackson told Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast (listen in below; video above).
Jackson reiterated his call that Nvidia’s stock could double within the next twelve months given its wide lead on AI chip production.
“The investments [in AI] are just getting started,” Jackson added. “The need for these chips is still going to continue for the next year or two or three.”
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Nvidia’s stock has surged more than 2,600% in the past five years according to Yahoo Finance data, fueled by one impressive quarter after another as it grabbed the top position in cutting-edge chips.
The company’s strong performance are expected to continue in its fiscal third quarter — sales and profits are each estimated to be up 83% from a year ago. Wall Street remains bullish on its favorite stock.
Of the 63 sell-side analysts that cover Nvidia, 59 rate the stock a buy or strong buy, Yahoo Finance data shows. The average price target stands at $160.38, about 13% above current levels.
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“We see the near-term risks as largely balanced and we are buyers of Nvidia heading into its fiscal third quarter earnings report scheduled for Wednesday. Positive set-up indicators from accelerating bookings at cloud service providers, an upward bias on hyper-scale capital expenditures, as well as our view that near-term estimates will increase post the earnings call,” Evercore ISI analyst Mark Lipacis said in a client note on Monday.
Lipacis says if Nvidia were to let investors down, it would come in the form of decelerating revenue growth.
There has been a whirlwind of activity around Nvidia as of late.
In addition to achieving world’s most valuable company status by nudging out Apple (AAPL) and Google (GOOG), Nvidia joined the Dow Jones Industrial Average on Nov. 8. Former chip leader Intel (INTC) was kicked out.
“It’s good that Nvidia is part of the mix now,” Jackson said, noting it could encourage purchases from retail investors.
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One potential hiccup is the restrictions around selling to China by the Biden administration and subsequent write downs which were a “meaningful part of their quarterly earnings,” Jackson said. “They had to take it down to zero.”
Incoming president Donald Trump could stay firm on the chip issue as well, making good on his campaign promises around China.
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