Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. Michael M. Santiago | Getty ImagesStock futures were higher early Tuesday as investors awaited key earnings from retailers and chipmaker Nvidia this week.Futures tied to the Dow Jones Industrial Average added 0.12%. S&P futures rose about 0.12%, while Nasdaq 100 futures traded higher 0.22%.In after-hours trading, Trump Media & Technology Group shed about 4%, giving back earlier gains, on news that the company is in talks to buy cryptocurrency trading firm Bakkt. Walmart shares rose 0.8% ahead of…
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Image source: Getty Images My investment focus in recent years has been on maximising passive income from dividends paid by shares. This is the best way I have found to make money with minimal effort – the definition of passive income. British American Tobacco (LSE: BATS) has long been one of my core holdings for achieving this. It has all three qualities that I look for in such a stock — a high yield, strong earnings growth, and market undervaluation, in my view. A high yield In 2023, it paid a total dividend of 230.89p, yielding 8% on its current…
Brazil’s Petrobras plans to spend $111 billion in the five years between 2025 and 2029, with $77 billion of this total earmarked for oil and gas exploration and production activities, Reuters reported, citing a securities filing.The new spending figure is $10 billion higher than an earlier version of the investment plan, where exploration and production spending was set at $73 billion. That earlier plan, in turn, was an upward revision on an even earlier version of the 2025-2029 budget that stood at $102 billion. Spending for 2025 specifically, however, was revised down in October. Initially pegged at $21 billion, the…
November 19th, 2024, 3:38 AM GMT+0000Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick share their take on the state of China’s economy, financial markets, policies and the implications for investors. They speak at the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit. (Source: Bloomberg) Source link
By Christoph Steitz and Tom Käckenhoff ESSEN, Germany (Reuters) -Thyssenkrupp took a fresh 1 billion euro ($1.06 billion) impairment on its struggling steel division, blaming the sector’s worsening outlook as weak demand and Asian competition hurt Germany’s industry. The latest impairment on steel, the second in as many years, comes as talks with Czech billionaire Daniel Kretinsky, who owns 20% in the division, continue over whether that stake could be raised to 50%. Like its German industrial peers, Thyssenkrupp (ETR:) has been struggling with a weakening global economy, rising competition from China and high costs, forcing it to seek new…
The global metal recycling market, valued at $61.37 billion in 2022, is expected to expand significantly, reaching $111.31 billion by 2031, growing… Source link
Shares of Palantir Technologies (NYSE: PLTR) have advanced more than 250% year to date due to strong financial results. This was driven by strong demand for its artificial intelligence (AI) platform and excitement surrounding the company’s addition to the S&P 500. Last week, Palantir announced plans to remove itself from the New York Stock Exchange and relist on the Nasdaq exchange, effective Nov. 26. The company said in a press release that it “anticipates meeting the eligibility requirements of the Nasdaq-100 index” once the move is complete. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market…
Image source: Getty Images I watched the BP (LSE: BP) share price slide for more than a year before adding the oil giant to my portfolio on 19 September. I thought it looked superb value trading at 411.5p, with a price-to-earnings (P/E) ratio of just 6.1. Yet the slide continues, and today I can buy BP shares for 386.6p. They’re 6% cheaper. As with any stock, BP isn’t perfect. Its shares can be volatile. Energy and commodity prices are highly cyclical. Also, they’re beyond the company’s control. BP’s revenue can rise or fall by billions, and there’s little the board…
MOSCOW (Reuters) – Russian President Vladimir Putin on Tuesday approved an updated nuclear doctrine, saying that Russia could consider using nuclear weapons if it was subject to a conventional missile assault on it supported by a nuclear power. The decision to change Russia’s official nuclear doctrine is the Kremlin’s answer to a reported decision by the administration of U.S. President Joe Biden to allow Ukraine to fire American long-range missiles deep into Russia. The updated doctrine, which outlines the threats which would make Russia’s leadership consider a nuclear strike, said an attack with conventional missiles, drones or other aircraft could…
Lithium is visible even on the surface of the land at Rhyolite Ridge, Nevada. Photo by Kirk Siegler hide caption toggle caption Photo by Kirk Siegler DYER, Nevada — Along a spine of windy, high desert mountains near the California border, the Rhyolite Ridge lithium deposit feels remote even for Nevada. Bernard Rowe, who first came to Esmeralda County, population 736, in the early 2000s, points out the rugged snow-capped peaks to the West. “That’s Boundary Peak, the highest point in Nevada you can see in the distance there,” he says. It was in the mid-2000s that the Australian ended…