Image source: Getty Images I like buying FTSE 100 companies on a dip and with BT (LSE: BT) shares sliding in recent weeks is it the opportunity I’ve been waiting for? I’ve been waiting for the right moment to add BT to my portfolio for several years, alerted by a 75% crash in its share price as revenues slipped, management strategies misfired, and net debt headed towards £20bn. I’ve come close on a few occasions, but never screwed up the courage to click the ‘buy’ button. So why is this FTSE 100 recovery play falling again? BT fits the profile…
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Bitcoin rose above $93,000 for the first time on Wednesday, adding to its postelection rally, as traders pored through October inflation data Wednesday.The price of the flagship cryptocurrency was last higher by more than 3% at $92,984.53. At one point it briefly rose to a fresh record of $93,469.08.Traders were digesting the most recent consumer price index, which showed prices increased 0.2% in October, bringing the 12-month inflation rate up to 2.6%. That was in line with expectationsBitcoin, which has recently benefited from a big postelection rally across risk assets, is seen by many investors as a hedge against potential fiscal…
Volkswagen (VWAGY) is increasing its investment in Rivian (RIVN). Catalysts Hosts Seana Smith and Madison Mills outline what the expanded partnership means for the automakers and what it says about the electric vehicle (EV) space. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Source link
Warren Buffett Breaks 6-Year Streak Of Berkshire Hathaway Stock Buybacks, Say ‘It’s Too Expensive’ Berkshire Hathaway CEO Warren Buffett recently ended a six-year streak of stock buybacks for the company. While the company regularly participates in stock buybacks, it did not do so during the third quarter, according to Securities and Exchange Commission filings. Despite having over $325 billion in cash reserves, Buffett opted not to use that cash to buy back shares, suggesting that he believes the stock is too expensive. Don’t Miss: Buffett’s approach to stock buybacks is straightforward: he only buys back shares when he considers them…
MALVERN, Pa., Nov. 13, 2024 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc. (NYSE: NYSE:) today announced the release of its new TS7 series of single-turn, surface-mount cermet trimmers. The TS7 trimmers feature a compact 6.7 mm x 7 mm footprint with a height of 5 mm, making them ideal for applications requiring optimized board space in harsh environments. The TS7 series is designed to support automated assembly and setting processes, enhancing production efficiency while reducing both time and costs. Fully sealed to withstand standard board wash processing, the trimmers ensure reliability in demanding industrial, consumer, and telecom environments. Offering a 0.5…
On November 12, during the COP29 summit in Baku, Azerbaijan, Saudi Arabia, the world’s leading oil exporter, launched its first carbon credit exchange platform as part of its ambitious decarbonization goals and economic diversification plan.Led by the Regional Voluntary Carbon Market Company (RVCMC), primarily funded by Saudi Arabia’s Public Investment Fund (PIF), this platform aims to foster a robust market for carbon credits, enabling private sector engagement in environmental projects.Riham ElGizy, CEO of RVCMC, emphasized that establishing an integrated carbon trading infrastructure is vital for facilitating private sector investment, a step aligned with Saudi Arabia’s Vision 2030.This strategic initiative supports…
Annual CO₂ emissions continue to increase, reaching a record high in 2024. The shaded area around each line shows the uncertainty in the estimates. Credit: Global Carbon Project, CC BY Carbon dioxide (CO₂) emissions from fossil fuels continue to increase, year on year. This sobering reality will be presented to world leaders today at the international climate conference COP29 in Baku, Azerbaijan. Our latest annual stocktake shows the world is on track to reach a new record: 37.4 billion tons of CO₂ emitted from fossil fuels in 2024. This is an increase of 0.8% from the previous year. Adopting renewable…
Image source: Getty Images There are now an impressive 5,000 ISA millionaires and most of them have built their wealth by investing in… yes, that’s right, FTSE 100 dividend shares. Today’s updated figure comes courtesy of smart money app Plum, following a Freedom of Information request. That’s up from 4,000 at last count, an increase of 25% in a year The average ISA millionaire now has a tax-free pot of £1.35m and some are doing even better. The top 25 Stocks and Shares ISA investors hold an eye-watering £8,880,000 on average. Who wants to be a Stocks and Shares ISA…
Investing.com– Bitcoin touched new record highs on Wednesday, as optimism over a Donald Trump presidency continued to support investor sentiment. Major meme token Dogecoin also soared higher, continuing its stellar run-up to three-year highs in recent sessions after Trump confirmed Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE). Bitcoin shot up to record highs of nearly $91,000 this week, as crypto saw a week-long rally after Trump’s election victory. But focus was now on just what his policies will entail for crypto, as well as the broader U.S. economic outlook. The climbed more than 5%…
Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20, to fend off growing competition from discount upstarts Temu and Shein.Called “Amazon Haul,” the storefront is accessible through the company’s mobile app, and promises “crazy low prices” on a plethora of goods. Shoppers can buy $1 eyelash curlers and oven gloves, or a $3 nail dryer. The company is offering free shipping on orders over $25, or a $3.99 shipping fee on orders below that threshold.An Amazon spokesperson pointed to a company blog post announcing the storefront. The company noted that it…