Image source: Getty Images Ouch – the BP (LSE: BP) share price has just fallen again. It’s today’s biggest FTSE 100 faller, plunging almost 5% this morning, on a day when most of the index got off to a flying start. Commodity stocks such as Anglo American and Glencore are racing out of the traps as investors celebrate more Chinese stimulus, but BP shares are heading backwards. So is the Shell share price. It’s today’s second biggest faller. That’s a blow for me because only a week ago I declared BP to be the bargain of the millennium. I put…
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A study by KnowHost revealed that Virginia’s data centers are under scrutiny for their significant environmental impact. With over 400 data centers in the state, these facilities emit nearly 200 tons of CO2 equivalent per megawatt-hour (MWh) of energy produced. As the demand for data centers continues to grow, especially with the rise of AI and cloud computing, concerns about their carbon footprint have intensified. This issue is particularly pressing in Virginia, where data center investments continue to rise. The increase in carbon emissions has raised questions about sustainability and the ability of the energy grid to handle this growth.…
The 2000s, often overshadowed by the glamour of the 1980s and the quirkiness of the 1990s, still had its defining moments. While it’s remembered for tragic events like 9/11 and the Great Recession, the decade also ushered in significant technological advancements and cultural shifts. The introduction of the iPod and iPhone, the rise of Netflix, and the emergence of social media platforms like Facebook marked a new era. However, amidst these positive developments, the Chrysler PT Cruiser stands out as a glaring misstep. This retro styled compact car, initially praised for its unique design, quickly garnered a reputation for poor…
By Jody Godoy (Reuters) – U.S. Senator Elizabeth Warren has asked defense industry groups how much their members make from contracts that withhold replacement parts and tools, pushing back on their opposition to a bill that would give the U.S. military a “right to repair” its own equipment. Warren asked the National Defense Industrial Association (NDIA) and three other industry groups in a letter on Wednesday how much they have spent lobbying against the provision included in the Senate’s 2025 proposed defense spending bill. Top defense contractors, including Boeing (NYSE:), Lockheed Martin (NYSE:), Raytheon (NYSE:) and General Dynamics (NYSE:), are…
This small commuter aircraft company is turning science fiction into a practical reality. It wasn’t too long ago that flying taxis were the stuff of science fiction. The technology needed to economically ferry passengers through the skies above busy urban streets just didn’t exist. As is so often the case though, time and innovation remove the obstacles to compelling ideas. Light but strong materials and quiet battery-electric engines are now realities, making air taxis possible. In fact, Archer Aviation (ACHR 0.34%) is making them. It hasn’t commercialized them yet, but that milestone is visible on the horizon. Could the air…
This small commuter aircraft company is turning science fiction into a practical reality. It wasn’t too long ago that flying taxis were the stuff of science fiction. The technology needed to economically ferry passengers through the skies above busy urban streets just didn’t exist. As is so often the case though, time and innovation remove the obstacles to compelling ideas. Light but strong materials and quiet battery-electric engines are now realities, making air taxis possible. In fact, Archer Aviation (ACHR 0.34%) is making them. It hasn’t commercialized them yet, but that milestone is visible on the horizon. Could the air…
The price of gold was trading at $2,673.24 per ounce as of 9 a.m. Eastern time today. That’s a +0.38% change from the same time yesterday and a +42.58% increase from one year ago. Gold price per ounce% ChangePrice of gold yesterday$2,663.04+0.38%Price of gold 1 month ago$2,525.45+5.85%Price of gold 1 year ago$1,874.95+42.58%Price of gold yesterday$2,663.04+0.38%Price of gold 1 month ago$2,525.45+5.85%Price of gold 1 year ago$1,874.95+42.58% Gold is an asset that many people like to own for inflation protection. Rising prices tend to erode the purchasing power of a currency like the United States dollar while gold generally increases in value…
General Motors, the largest automaker of the Detroit Big Three, has issued a safety recall affecting 449,671 full-size trucks and SUVs due to a faulty electronic brake control module. The module’s incorrect calibration can cause the low brake fluid warning light to remain inoperative. An engineer first reported the issue through GM’s Speak Up For Safety program in April 2024. This program was established in 2014 following the ignition switch scandal, which resulted in 124 deaths. Despite numerous claims, GM’s lawyers rejected the majority of them. GM Recalls 449,671 Trucks and SUVs for Brake Warning System Issue (Chevrolet) An investigation…
In April, the Brazilian government imposed a surplus tariff on certain steel imports, mainly from China, in response to pressure from local producers. Source link
China stocks took off again on Thursday as Beijing and local governments unveiled new moves to jolt the Chinese economy back to life. While doubts remain over whether the latest moves can yield sustained results, investors are buying into it. Major Chinese stock indexes are up more than 10% for the week, while U.S. listings for Alibaba (BABA), JD.com (JD) and Nio (NIO) also are flying. Global economic plays including Caterpillar (CAT), Freeport-McMoRan (FCX) and Alcoa (AA) were also in rally mode, as China stimulus lifted the price of copper, aluminum and other global commodities. ↑ X NOW PLAYING This…