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Yahoo
a minute ago
- Yahoo
Chemours (CC) Soars 18% as Firm Expected to Benefit From AI, Chip Boom
We recently published . The Chemours Company (NYSE:CC) is one of the best-performing stocks on Wednesday. Shares of The Chemours Company (NYSE:CC) soared by 17.95 percent on Wednesday to close at $14.65 apiece as investors cheered the successful qualification of its Opteon cooling liquid from Samsung Electronics, marking a significant milestone amid the growing demands from AI and semiconductor firms. In a statement, The Chemours Company (NYSE:CC) said its Opteon two-phase immersion cooling fluid received Samsung's qualification and compatibility with its 4th generation Solid State Drives (SSD), providing certainty to server manufacturers and increased adoption. 'Our innovative technology offers superior compatibility, enables higher IT loads, with fewer equipment failures, and dramatically less energy and water use—all of which translates to reduced costs for downstream users. We're eager to continue working with Samsung and the broader industry to bring this breakthrough technology to market,' said Denise Dignam, president and CEO of The Chemours Company (NYSE:CC). To ensure swift qualification, the firm partnered with Samsung, tank manufacturer Liquid Stack, and semiconductor firm PKI Corp. to conduct performance testing using a commercial-scale 48U immersion cooling tank. Samsung and PKI established a robust testing and qualification process to support current and future generation qualifications. The equipment met all compatibility targets, with no sign of degradation. While we acknowledge the potential of CC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
3 minutes ago
- Forbes
Ultra-Fast Fashion Causes Industry Emissions To Rise For First Time In Four Years
Progress on sustainable fashion is being undercut by the rise of ultra-fast fashion a new report has found. The Apparel Impact Institute's latest Roadmap to Net Zero report shows that fashion's carbon emissions rose 7.5% in 2023, the first-time emissions have risen since it started collating the data in 2019. It has linked the rise to increased use of virgin polyester and production of clothing. The report states: 'While our methodology limits the attribution we can make to any specific company or category, we assume that the rise of ultra-fast fashion brands is a key contributor to this increase.' Many sustainable fashion campaigners have warned the environmental impact of fashion is worsening, despite widespread awareness, because of ultra-fast fashion, and the report provides new evidence. Companies such as Shein and Temu have had a meteoric rise in the past five years, appealing to Western customers with a huge offering at bargain-basement prices. Shein's market share in the global apparel sector grew to 1.53% in 2024, ahead of fast fashion rivals Zara and H&M, and third overall in the ranking only behind Adidas and Nike according to the GlobalData Apparel Intelligence Center. 'When it comes to these ultra-fast fashion companies, we don't have any visibility into the work they're doing. They tend to not be collaborative with the sector around co-investing and pooling resources around supply chain improvement,' says Lewis Perkins, president and CEO of Apparel Impact Institute via video call. In May, Shein had its net-zero-by-2050 target validated by the Science-Based Targets Initiative. However, critics have questioned whether this is achievable under its current business model. Ken Pucker, a professor in sustainable business dynamics at the Tuck School of Business at Dartmouth and the Fletcher School at Tufts University, posted on LinkedIn: 'Will they achieve their plan?... I'm dubious'. Puckers post highlighted how, by its own reporting, Shein's emissions rose 45% in 2023 to 16.7 million tons, a 175% increase from 2021. Perkins remains hopeful but sceptical about the move: 'As an optimist, I'd like to think that, for a lot of these companies, the light bulb is going off. But they're promises without real proof of action at this point.' He adds that any large companies signing up for science-based targets now has a lot of catching up to do. Perkins hopes that some of the ultra-fast fashion brands might join the Apparel Impact Institute in a mutually beneficial way to help them reach their climate goals and fund improvements in the supply chain. 'We'd like to see everyone take accountability. If we had more involvement, we could continue to lower cost and have greater reach.' The report lists the comparative cost of recycled polyester to virgin polyester as one of the barriers to wider adoption. In return, the Institute could help these brands meet their carbon goals, access lower-interest funding and talk about their environmental commitments with less risk of greenwashing Shein, in particular, is facing a lot of scrutiny. Earlier this month, Shein was fined €1 million ($1.169 million) by the Italian government under greenwashing regulation and in the UK, where Shein has filed for an IPO, pushbacks thought to be linked to its ethical credentials have stalled proceedings. Of course, Shein isn't the only brand engaged in this model, many have been keen to replicate its success, and France is taking further action on all ultra-fast fashion brands. In June, the French senate backed a law which would impose sanctions including taxing items with a low 'eco score' and banning advertising and influencer partnerships of fast fashion. Ultra-fast fashion may have proved a winning business formula until now but with financial and governmental pressure to disclose and improve its ESG performance, it may have reached its peak.
Yahoo
31 minutes ago
- Yahoo
Joseph Schnaier Announces National Scholarship Opportunity for Finance Students to Foster Industry Innovation and Leadership
Joseph Schnaier NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Renowned financier and entrepreneur Joseph Schnaier officially announces the launch of the Joseph Schnaier Scholarship for Finance Students, a nationwide initiative aimed at supporting undergraduate students with a clear vision for impacting the finance sector. With a longstanding commitment to academic advancement and financial education, Joseph Schnaier introduces this opportunity to identify and assist aspiring professionals who are dedicated to shaping the future of finance through innovation, integrity, and leadership. The Joseph Schnaier Scholarship for Finance Students invites current undergraduate students enrolled at accredited colleges or universities across the United States to submit a thoughtful, original essay in response to the following prompt:'What inspires you to pursue a career in finance, and how do you plan to make a meaningful impact in the financial world?' The submission window is currently open, and the application deadline is January 15, 2026. The winning applicant will be announced on February 15, 2026, following a thorough review of all submissions. To qualify for the scholarship, applicants must be undergraduate students pursuing degrees in finance, business, economics, accounting, or closely related disciplines. They must also demonstrate genuine interest in a long-term career within the finance industry. Submissions must be written in English and range from 500 to 800 words. Essays are to be submitted in PDF or Word document format. Joseph Schnaier, who has over 25 years of experience in private equity and investment, created this scholarship to encourage emerging talent and reduce the financial burden faced by dedicated students in the field. A respected figure on Wall Street since 1996, Joseph Schnaier has held prominent executive positions and co-founded successful ventures such as Friedman Schnaier & Associates and DOD Marketing Corp. His work spans a range of strategic investment areas, including private equity buyouts, rollups, and growth equity. In launching this scholarship, Joseph Schnaier continues his philanthropic mission to uplift the next generation of finance professionals. The program aligns with his broader vision of fostering a financially literate, ethically driven, and forward-thinking talent pool that will carry the industry forward. While the scholarship is based in New York, NY, it is not geographically limited. Undergraduate students from across the United States are encouraged to apply, regardless of their state or institution. Applicants are expected to reflect on their personal motivations, professional aspirations, and potential contributions to the evolving financial landscape. Joseph Schnaier emphasizes the importance of authenticity, clarity of purpose, and strategic thinking—qualities that have shaped his own career and continue to drive his support for student advancement. More details about the scholarship, including eligibility criteria and application instructions, can be found on the official website: Contact InformationSpokesperson: Joseph SchnaierOrganization: Joseph Schnaier Scholarship for Finance StudentsWebsite: apply@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
