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[ad_1] Melinda French Gates no longer plans to give most of wealth to Gates Foundation, WSJ reports [ad_2] Source link

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[ad_1] Competition Commission on Wednesday said Supreme Court has dismissed a petition filed by tyre companies wherein they had challenged the regulator’s order imposing penalties totalling over Rs 1,788 crore on them for anti-competitive practices. In August 2018, the watchdog had imposed a total fine of more than Rs 1,788 crore on Apollo Tyres, MRF, CEAT, Birla Tyres, JK Tyre and Industries and Automotive Tyre Manufacturers Association (ATMA). They were found to have violated Section 3 of the Competition Act during 2011-2012. The section prohibits anti-competitive agreements. An appeal was filed against Competition Commission of India (CCI) order before the Madras High Court and the same was dismissed on January 6, 2022. “Aggrieved with the same, the tyre companies preferred SLPs (Special Leave Petitions) before the Hon’ble Supreme Court, which were dismissed vide its order dated 28.01.2022,” the regulator said in a release on Wednesday. CCI noted that the case was initiated on the basis of a reference received from the corporate affairs ministry and that the reference was based on a representation made by All India Tyre Dealers Federation (AITDF) to the ministry. The regulator had found that the companies and the association indulged in cartelisation by acting in concert to increase the prices of cross ply/bias tyres variants sold by each of them in the replacement market and to limit and control production and supply in the market. The tyre manufacturers had exchanged price-sensitive data amongst them through their the platform of ATMA, and had taken collective decisions on the prices of tyres, as per CCI. The watchdog, citing its order, said in the release that sharing of such sensitive information made the coordination easier amongst the tyre manufacturers. CCI imposed penalties of Rs 425.53 crore on Apollo Tyres, Rs 622.09 crore on MRF Ltd, Rs 252.16 crore on CEAT Ltd, Rs 309.95 crore on JK Tyre and Rs 178.33 crore on Birla Tyres. It also asked them to cease and desist from indulging in unfair business practices. A fine of Rs 8.4 lakh was imposed on ATMA and it was directed to disengage and disassociate itself from collecting wholesale and retail prices through the member tyre companies or otherwise. Also, certain individuals of the tyre companies and ATMA were held liable for the anti-competitive conduct, the release said. [ad_2] Source link

[ad_1] The post 5 Fastest-Growing Stocks to Buy Now appeared first on Millennial Money. These companies are experiencing tremendous growth and are nowhere near finished tapping into their full potential. Check them out if you’re interested in the fastest-growing stocks. Growth stocks are a favorite among many investors because — well — they’re able to grow their sales very quickly. This makes them ideal if you’re looking to add some momentum to your portfolio.  That growth often comes with some potential risks, including share price volatility. But picking long-term winners isn’t impossible. Nor is it a guessing game. There are plenty of companies with fantastic businesses that are transforming their respective markets and aren’t speculative.  The companies on this list aren’t penny stocks. They have solid businesses that are growing at a healthy clip — and have the potential to do so for years to come.  5 Fast-Growing Stocks  Confluent Upstart Holdings  Block  Doximity  The Trade Desk 1. Confluent (NASDAQ: CFLT)  Confluent, Inc. (NASDAQ:CFLT) Price: $68.55 (as of close Feb 1, 2022) Market Cap: $18.13B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-89d87f7da7317c3736f307f8c9d9ce57”,{rangeSelector:{selected:1},title:{text:”Confluent, Inc. 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The problem is there’s too much data to sift through. Much of it goes unused.  Confluent wants to change that. Its cloud-based platform takes relevant data and allows companies to make real-time decisions based on it.  For example, when COVID-19 boosted the demand for online grocery delivery services, Instacart tapped Confluent to help manage real-time availability data for 500,000 new customers in just a few weeks.  That’s just one small example of the 3,000 corporate customers that are using Confluent’s data systems to improve their businesses.  And so far Confluent’s real-time data management services have paid off tremendously for the company. Total sales jumped 61% in the first nine months of 2021, and for the full year, management is expecting 60% revenue growth, compared to 2020.  The company just went public in mid-2021. As it taps into a massive $91 billion market, it’s likely that investors will have to stomach some volatility. But a bet on Confluent’s data management services could prove to be a very wise move in the next few years if you want to be part of a fast-growing stock.  2. Upstart Holdings (NASDAQ: UPST)  Upstart Holdings, Inc. (NASDAQ:UPST) Price: $117.33 (as of close Jan 31, 2022) Market Cap: $8.934B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-60e0ef3e731b0b38a0f694d6ee1e43f3”,{rangeSelector:{selected:1},title:{text:”Upstart Holdings, Inc. 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“%A, %B %e, %Y”}}]}); }); If you’re looking for an incredibly fast-growing company, Upstart Holdings may be just what you’re looking for. The company’s sales soared 270% in the first nine months of 2021, compared to the same period in 2020. Upstart uses artificial intelligence (AI) to help connect people to lending companies. The company says that its AI-based system not only helps more people secure loans than traditional lending systems but also that it has 75% fewer loan defaults at the same approval rate as major U.S. banks.  This win-win situation for both lenders and borrowers has helped propel Upstart’s business forward as it taps into the $84 billion personal loan business and the $635 billion auto loan industry.  Perhaps just as impressive as its total addressable market is the fact that Upstart doesn’t have any exposure to risky loans. Instead, it receives more than 90% of its revenue from the fees it charges to banks and lending institutions — very stable companies. Like many other growth stocks (particularly in the tech industry), Upstart’s share price tumbled at the beginning of 2022. But don’t let those share price swings scare you away from the company and its strong long-term potential in the loan origination market.  3. Block (NYSE: SQ)  Block, Inc. (NYSE:SQ)Price: $127.61 (as of close Feb 1, 2022)Market Cap: $73.801B document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-cc7d5f134d35b7927d28042db2debacb”,{rangeSelector:{selected:1},title:{text:”Block, Inc. 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“%A, %B %e, %Y”}}]}); }); Block is a bet on the fast-growing financial technology (fintech) space. The company is building out a leading position in numerous ways.  The first is Block’s popular Cash App. This person-to-person payment app allows people to easily exchange money, whether it’s for splitting a lunch check or paying the monthly rent. The app accounts for most of Block’s revenue, and the company continues to expand its usefulness.  For example, Block recently launched a buy now, pay later option through the Cash App. This seemingly simple service will help Block tap into an expanding market, which analysts estimate will be worth $20 billion by 2028.  The company’s Square brand has a very solid footing in the point-of-sale terminal and payment space for merchants.  And Block’s increasing focus on cryptocurrencies is already paying off. Block made less than $1 billion in Bitcoin revenue in 2019. But that figure skyrocketed to $8 billion in the first nine months of 2021 alone.  Block’s ability to tap into new areas of fintech has helped this nimble company grow its sales rapidly, with revenue in the first nine months of 2021 up 114% from the same period in 2020.  Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long

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[ad_1] A bolt of lightning that stretched nearly 769 kilometres across three US states in 2020 or equivalent to the distance between London and the German city of Hamburg has been declared as the longest recorded single flash by the World Meteorological Organisation (WMO). The record lightning struck on April 29, 2020 across Mississippi, Louisiana and Texas in the southern US, with the exact length at 768 km, or 477.2 miles, experts at the UN’s intergovernmental agency said on Tuesday. The longest single flash covered a horizontal distance of 768 – 8 km (477.2 – 5 miles) across parts of the southern United States on 29 April 2020. This is equivalent to the distance between New York City and Columbus Ohio in the United States or between London and the German city of Hamburg, the WMO said in a press release. The greatest duration for a single lightning flash of 17.102 – 0.002 seconds from the flash that developed continuously through a thunderstorm over Uruguay and northern Argentina on 18 June 2020, it said. The new record for the longest detected megaflash distance is 60 kilometres more than the previous record, with a distance of 709 – 8 km (440.6 – 5 mi) across parts of southern Brazil on 31 October 2018. Both the previous and new record used the same maximum great circle distance methodology to measure flash extent. The longest duration megaflash had a previous duration of 16.73 seconds which was derived from a flash that developed continuously over northern Argentina on 4 March 2019, 0.37 seconds shorter than the new record. The findings were published in the Bulletin of the American Meteorological Society, the WMO said. “These are extraordinary records from single lightning flash events. Environmental extremes are living measurements of the power of nature, as well as scientific progress in being able to make such assessments. It is likely that even greater extremes still exist, and that we will be able to observe them as lightning detection technology improves,” said Professor Randall Cerveny, rapporteur of Weather and Climate Extremes for WMO. “Lightning is a major hazard that claims many lives every year. The findings highlight important public lightning safety concerns for electrified clouds where flashes can travel extremely large distances,” said WMO Secretary-General Prof. Petteri Taalas. The new record strikes occurred in hotspots for Mesoscale Convective System (MCS) thunderstorms, whose dynamics permit extraordinary megaflashes to occur — namely, the Great Plains in North America, and the La Plata basin in South America. Noted lightning specialist and committee member Ron Holle noted, “these extremely large and long-duration lightning events were not isolated but happened during active thunderstorms. Any time there is thunder heard it is time to reach a lightning-safe place.” The only lightning-safe locations are substantial buildings that have wiring and plumbing; not structures such as at a beach or bus stop. The second reliably safe location is inside a fully enclosed metal-topped vehicle; not dune buggies or motorcycles. If lightning is within 10 km as found with reliable lightning data, go to the lightning safe building or vehicle. As these extreme cases show, lightning can arrive within seconds over a long distance, but they are embedded within larger thunderstorms, so be aware. The WMO Archive of Weather and Climate Extremes maintains official records of the world, hemispheric and regional extreme records associated with a number of specific types of weather. Presently, the Archive lists extremes for temperature, pressure, rainfall, hail, wind, and lightning as well as two specific types of storms, tornadoes and tropical cyclones. The previous assessments that established the flash duration and extent records used data collected by ground-based Lightning Mapping Array (LMA) networks. Many lightning scientists acknowledged that there are upper limits for the scale of lightning that could be observed by any existing LMA. Identifying megaflashes beyond these extremes would require a lightning mapping technology with a larger observation domain. Recent advances in space-based lightning mapping offer the ability to measure flash extent and duration continuously over broad geospatial domains. These new instruments include the Geostationary Lightning Mappers (GLMs) on the R-series Geostationary Operational Environmental Satellites (GOES-16 and 17) that recorded the new lighting records, and their orbiting counterparts from Europe (the Meteosat Third Generation (MTG) Lightning Imager) and China (FY-4 Lightning Mapping Imager). “Lightning is a surprisingly elusive and complex natural phenomenon for the impact that it has on our daily lives. We are now at a place where we have excellent measurements of its many facets, which allow us to discover surprising new aspects of its behaviour. Now that we have a robust record of these monster flashes, we can begin to understand how they occur and appreciate the disproportionate impact that they have,” said lead author and evaluation committee member Michael J. Peterson, of the Space and Remote Sensing Group (ISR-2) of Los Alamos National Laboratory, USA. There is still a lot that we do not know about these monsters, but as an early career scientist, it is a privilege to stand among my colleagues at the forefront of this new and exciting area of research and to push the boundaries of our understanding of what lightning is capable of,” Peterson said. [ad_2] Source link

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