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…
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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…
This fall, the Sorenson Impact Institute moved into its new home at the University of Utah, the Impact & Prosperity Epicenter. The hub … Source link
Economic data reflect global supply chain restructuring. Nearly two years into the regionalization, nearshoring, re-shoring, and “friend-shoring” of the global supply chain restructuring process, US and overseas economic data are revealing the consequences. As the supply chain shifts, accelerated by pandemic disruptions and policy uncertainty, previously dependable — and popular — data correlations are shifting as well. Consider US manufacturing. While technology, financial, and consulting firms have announced major layoffs amid 15 months of monetary tightening by the US Federal Reserve, the manufacturing sector remains resilient. Indeed, expansionary fiscal policies continue to spur positive growth and inflation, which, combined with…
Fudge data, then tradeThe potential for fraud is particularly high in VCM, which, according to a 2024 article in Colorado Law Review, is not only highly unregulated but is also plagued by conflicts of interest and lack of transparency. Main players in this market, states the article, are the project developers (entities that develop emissions-reduction projects like planting trees or distributing clean cookstoves), verification and validation bodies or VVBs (third-party entities that assess claims made by project developers) and standard setting bodies (groups of non-profits and business leaders that define project standards, certify offsets, and host registries that maintain information…
Iron ore miners in South Australia are moving to produce more environmentally friendly steel in the hope they can keep being a top supplier to mineral-hungry China. Source link
European markets open higherEuropean markets opened higher on Tuesday, with the Stoxx 600 index adding 0.35% shortly after trading began.Sectors were all in positive territory, with mining stocks leading gains, last up 1.3%.Regional bourses were also broadly higher, with the U.K.’s FTSE 100 rising 0.4%, while France’s CAC 40 added 0.28% and Germany’s DAX inched 0.1% higher.— Sophie KiderlinImperial Brands reports 4.6% increase in adjusted operating profit for its full fiscal yearImperial Brands on Tuesday reported a 4.6% annual increase in adjusted operating profit to £3.91 billion ($4.96 billion) for its full fiscal year that ended on Sept. 30. The…
Image source: Getty Images With Christmas around the corner, I need to start saving up. But it’s not easy when the stock market is offering so many attractive bargains! The combined effects of the UK Budget and the US elections have caused something of a panic, leading many shares to plummet. While this hasn’t been kind to my portfolio, I can’t help but feel the urge to take advantage of the opportunity. As the famous quote goes: “When there’s blood in the streets, buy!” With that in mind, I’m eyeing up two cheap renewable shares that brokers have tipped as…
(Reuters) -Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its shares surging 25% in extended trading. In the compliance plan, the AI server maker said it will be able to complete its annual report for the year ended June 30 and its quarterly report ended Sept. 30, but did not give a target date. “BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our financial statements current,…