The BP (LSE:BP.) share price peaked at 562p in October 2023. In fact, this was the highest level achieved since 2010, when the Deepwater Horizon disaster killed 11 people and resulted in 4.9m barrels of oil leaking into the Gulf of Mexico. But it hasn’t done so well lately. It’s now around 415p. Could it reach £5 again? Let’s take a look. Analysing the figures Given that the majority of BP’s income is generated from the sale of oil and oil-based products, it comes as no surprise to learn that its financial performance (and therefore its share price) is heavily…
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ARMSTRONG, IA – Art’s Way Manufacturing Co., Inc. (NASDAQ:ARTW), a company specializing in agricultural and research equipment manufacturing, has announced its financial results for the third quarter and nine months ended August 31, 2024. The company also disclosed a leadership change with the departure of President and CEO David King as of October 1, 2024, and the appointment of current Chairman Marc McConnell as the new CEO. The company’s consolidated corporate sales from continuing operations for the third quarter were $5,876,000, a 27.6% decrease from the $8,117,000 reported in the same period of fiscal 2023. Nine-month sales also saw a…
(Bloomberg) — Mohamed El-Erian says the Federal Reserve needs to renew its focus on its fight against rising prices after September’s surprisingly hot jobs report served as a reminder that “inflation is not dead.”Most Read from BloombergHis comments came after Friday’s numbers blew away estimates, triggering a jump in US stocks and bond yields. Nonfarm payrolls rose by 254,000 in September, the most in six months.“This is not just a solid labor market, but if you take these numbers at face value, it’s a strong labor market late in the cycle,” El-Erian, the president of Queens’ College, Cambridge, told Bloomberg…
Image source: Getty Images The Barclays (LSE:BARC) share price is sensitive to changes in central bank interest rates and economic data. And on Friday 4 October the stock jumped 3% at 1:30pm. So, what happened? A little on Barclays Barclays is a universal bank with its primary operations in the UK and a strong presence in the US. As a diversified financial institution, Barclays offers a range of services, including consumer, corporate, and investment banking, as well as wealth management. Shares in the bank have surged this year, partially on stronger economic data, but also management’s plans to make the…
Meta’s founder, Mark Zuckerberg, has been making efforts to reshape his public persona recently, and it seems like he’s trying everything. He’s sporting a new haircut, adopting a more laid-back attitude toward his critics, and as revealed in a reply on Instagram, he now drives a supercharged Cadillac. When Brian Scotto, co-founder of Hoonigan (RIP), asked Zuckerberg what he drove in a relevant post, Zuckerberg responded, “Mostly Cadillac CT5-V Blackwing these days, but sometimes other things.” However, there’s one crucial detail missing: he didn’t specify whether his Blackwing has a manual transmission or not. My guess is it’s probably not,…
WINTER HAVEN, Fla., Oct. 4, 2024 /PRNewswire/ — SouthState Corporation (NYSE: SSB) (“SouthState”) announced today that it will release third quarter 2024 earnings results on Wednesday, October 23, 2024, after the market closes. Upon release, investors may access a copy of SouthState’s earnings results at the Company’s website at www.SouthStateBank.com under Investor Relations, News, News & Market Data section. SouthState will host a conference call on Thursday, October 24, 2024 at 9:00 a.m. (ET) to discuss its third quarter 2024 results. Investors may call in (toll free) by dialing (888) 350-3899 within the US and (646) 960-0343 for…
Bugatti has crafted an entirely new chassis for the Tourbillon hypercar. Due to evolving regulations and the introduction of a new hybrid drivetrain, the French automaker couldn’t reuse the platform that supported both the Veyron and Chiron. The results are stunning, as showcased in the newly released photos and videos from Bugatti. Calling the engineering challenges for the Tourbillon substantial would be an understatement. The goal was to create a car not significantly larger than the Chiron, while accommodating a V-16 engine paired with an electric motor and dual-clutch transmission, a twin-motor front axle, and batteries to power the system.…
Renault aims to achieve carbon neutrality in Europe by 2040, and globally by 2050. To reach this goal, the automaker is focusing heavily on battery-powered electric vehicles while maintaining a belief in the future of hydrogen cars. The Emblème, touted as a demonstration car, embodies this dual commitment by combining a hydrogen fuel cell with a rechargeable battery pack, similar to the new Honda CR-V e:FCEV. Renault refers to the Emblème as a “shooting brake,” though some might debate this due to its four-door design. Regardless of its classification, the Emblème is an aerodynamically focused concept with a drag coefficient…
Image source: Getty Images The FTSE 100 has had a pretty good run so far this year, rising by 7.3%. However, I’ve noticed three companies in the index that outpace this return. I’ll be taking a look at each of them and discuss which one I would add to my portfolio if I had the spare cash to do so. Halma Halma (LSE:HLMA) is a group of global safety equipment companies, specialising in hazard detection and life protection. Its shares have increased by 14% this year, providing a good return to investors. It has also been a consistent winner for…
The Hyundai Elantra N is one of the most affordable and enjoyable sporty sedans on the market today, but it’s not without its issues. It has faced two recalls for mechanical problems, its stock exhaust has been cited by authorities for being excessively loud, and now, Hyundai is reportedly refusing to honor a warranty on a malfunctioning vehicle—at least, that’s how it appears in one particular case. College student Christian Matzoros was driving his Elantra N home when the engine failed at around 46,000 kilometers (28,580 miles). “It just stopped. I was stepping on the gas pedal, and it wasn’t…