Image source: Getty Images As the oil price falls, the Shell (LSE: SHEL) share price inexorably follows. The FTSE 100 energy giant is down 8.21% in the last month. That leaves it trading at the same level as a year ago. Shell’s profits plunged from a record $40bn at the height of the 2022 global energy crisis to $28.3bn in 2023, a drop of a third. But that was still the second highest figure since 2011. So is the recent decline a buying opportunity? Oil is a highly cyclical sector, so I prefer to buy when stocks are down rather…
Author: user
Bitcoin hovers around $60,000 ahead of a key decision by the US Federal Reserve on interest rates. Fed Funds futures data projects a 63% chance of the US Federal Reserve cutting rates by 50 basis points. On-chain data supports a bullish outlook as BTC’s new whales accumulate while old whales hold still. Bitcoin (BTC) retraces slightly, trading above $59,000 on Wednesday, as crypto markets brace for the upcoming interest-rate decision by the US Federal Reserve (Fed), which is expected to lower interest rates for the first time in more than four years. Even as traders widely anticipate the rate…
A reader says, “I have been trying to get information on how to invest in Index Funds but could not find much info. I would appreciate it if you could provide your guidance on this”.Our investing mantra is process-first, products-last. So, selecting an index fund should be the very last step. We recommend asking these questions before investing.1. Why are you investing? What is your goal? It is common for young earners to say they don’t have a goal or want to build wealth. Financial independence by 50-55 should be the default primary goal. So focus on that.2. How much should I…
(Reuters) – General Mills (NYSE:) posted a smaller-than-expected drop in quarterly sales on Wednesday, benefiting from improved demand as the Cheerios maker cut prices for some of its products. General Mills and other packaged food peers have been grappling with lower volumes for the past few years as price-conscious customers balk at companies raising prices to tackle higher input costs. As a result, General Mills has been trying to pare back prices in the past two quarters to boost volumes. Volumes were flat in the reported quarter, compared to a 2 percentage point decline in the prior one. Prices were…
Ford, a prominent American automaker, is actively investing in self-driving vehicle technology, aiming to be a leader in this emerging field. Recognizing the potential challenges of matching autonomous vehicles to varying road conditions, Ford has developed a new technology called “validation of vehicle before route utilization.” This innovative approach seeks to ensure that autonomous vehicles are optimally suited for the specific routes they will traverse, preventing potential safety risks associated with mismatched vehicle capabilities and road conditions. By carefully analyzing factors such as road conditions, weather forecasts, and vehicle specifications, Ford’s technology can determine the most appropriate autonomous vehicle for…
The Federal Reserve’s FOMC committee will meet today, and with the pace of inflation down to an annualized rate of 2.5%, the conventional wisdom expects the central bank to start cutting rates. The Fed has held its key funds rate at the 5.25% to 5.50% range since July of last year, in response to a generational spike in inflation.Most Fed watchers are predicting that the bank’s governors will approve a cut of 25 basis points, or 0.25%. While modest, that would mark the end of a 14-month tight money policy.For Bank of America, the Fed meeting is likely to provide…
Kramer Motorcycles, a renowned name in high performance racing, has introduced its latest creation: the APX-350 MA. This cutting edge motorcycle, specifically designed for the MotoAmerica Talent Cup series, showcases a remarkable blend of power, agility, and customizable features. Constructed upon a robust chromoly steel trellis chassis, the APX-350 MA delivers exceptional stiffness and torsional rigidity, essential for demanding racing environments. To ensure optimal handling and control, the bike is equipped with a fully adjustable WP suspension system, featuring open cartridge forks in the front and a rear shock with adjustable preload, compression, and rebound damping. Kramer Motorcycles Reveals APX-350…
Image source: Getty Images Tesco (LSE: TSCO) shares have taken me by surprise. A few years ago, I rejected the idea of buying them out of hand. I thought the big supermarkets were done as German discounters Aldi and Lidl gobbled up market share. The UK cost-of-living crisis didn’t just make shoppers poorer, it made raw materials pricier, squeezing Tesco from both ends. Also, Tesco operated to the finest of margins of just 3% or so. It has huge fixed costs with a nationwide network of stores and staffing numbers into the six digits. Plus its reputation was still tarnished…
The upcoming Audi Q3, which has recently been spotted in near-complete form, has been given a digital makeover by Kelsonik. The designer has envisioned the new crossover with a striking front fascia featuring split headlights, a wider grille, and a larger lower air intake. The side profile remains largely unchanged, except for new door lines and larger rear windows. At the rear, the Q3 boasts a thin light strip, an aggressive bumper, and a roof mounted spoiler. While the silhouette of the Q3 remains familiar, the updated styling cues give it a more modern and dynamic appearance. The split headlights,…
The Dow Jones index closed slightly lower on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. CPS Technologies The Trade: CPS Technologies Corporation CPSH CFO Charles Kellogg Griffith Jr bought a total of 1,000 shares at an average price of $1.43. To acquire these shares, it cost around $1,430. What’s…