[ad_1] John Hess, chief executive officer of Hess Corp., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 19, 2024. F. Carter Smith | Bloomberg | Getty ImagesThe Federal Trade Commission has banned Hess Corp. CEO John Hess from Chevron’s board as a condition for the oil companies’ $53 billion merger to move forward.The FTC on Monday alleged that Hess communicated with OPEC representatives about global oil output and inventory management over the years, encouraging them to take action that supports higher prices.The commission said in a complaint that Hess’ participation on Chevron’s board…
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[ad_1] NEW YORK (Reuters) -A federal judge on Monday dismissed a U.S. government lawsuit accusing eBay (NASDAQ:) of violating the Clean Air Act and other environmental laws by allowing the sale of several harmful products, including devices that defeat automobile pollution controls, on its platform. The decision was issued by U.S. District Judge Orelia Merchant in Brooklyn. The U.S. Department of Justice accused EBay of illegally allowing the sale of at least 343,011 aftermarket “defeat” devices that help vehicles generate more power and get better fuel economy by evading emissions controls. It was also accused of allowing sales of 23,000…
[ad_1] September turned out to be a strong month for the market this year, despite its reputation as a historically weak period for stocks. October could bring its own challenges, however, as it’s been deemed volatile by several news sources, including MarketWatch.With this backdrop in mind, we compiled a list of the worst stocks to own during this upcoming month, and Chipotle Mexican Grill Inc (NYSE:CMG) stands out amongst them. According to Schaeffer’s Senior Quantitative Analyst Rocky White, CMG finished the month of October lower eight times over the past 10 years, averaging a loss of 4.8%.Worst Of OctoberAt last…
[ad_1] Image source: Getty Images When I look at US stocks, I sometimes despair of the FTSE 100. Our dear old Footsie is up 11.3% in the past five years. The period does include the pandemic and the 2020 stock market crash. So maybe that’s not too bad? Well, the US went through exactly the same pains. But over there, the S&P 500 has gained 93.7% in the same period (at the time of writing). Go west? US investors have been trying to woo UK companies to cross the Atlantic and list in New York instead of London. In June…
[ad_1] Near-term actions will include:Installing 25,000 new, stronger polesRemoving or trimming 4,000 miles of higher-risk vegetationInstalling 4,500 automated reliability devicesActions will be completed ahead of the 2025 hurricane season. HOUSTON, Sept. 30, 2024 /PRNewswire/ — Today, CenterPoint Energy (NYSE:) announced a comprehensive suite of new actions as part of the next phase of its Greater Houston Resiliency Initiative (GHRI), including strengthening the energy system and operations over the next eight months and before the start of the 2025 hurricane season. These extensive near-term actions will: build on the work CenterPoint completed in the first phase of the GHRI, continue to…
[ad_1] Image source: Getty Images The FTSE 100 has had a strong year. Nonetheless, I still see plenty of value in UK shares right now. While this year has produced spells of volatility, that’s inevitable in the stock market. Looking at the bigger picture, I think UK equities could be primed to soar in the years ahead. The FTSE 100 currently has an average price-to-earnings (P/E) ratio of 11. That’s lower than its historical average of between 14 and 15. I especially like the look of these two. If I had the cash, I’d add them to my portfolio today. JD Sports Fashion First is JD…
[ad_1] (Article 5 §2 of the Regulation (EU) No 596/2014 of April 16, 2014 on market abuse) PARIS–(BUSINESS WIRE)–Regulatory News: Teleperformance SE (Paris:TEP) purchased certain of its own shares in connection with the share repurchase program announced on August 2, 2023, as authorized by its Shareholders’ Meeting held on May 23, 2024. These repurchases were carried out in connection with the objective of cancellation. It is specified that the detailed information by transaction is available on the Company’s website at the following link: https://www.teleperformance.com/en-us/investors/publications-and-events/regulated-information/ – section Liquidity contract and share buy-back program.Name of the IssuerIdentification code of the issuerTransaction dateIdentification…
[ad_1] Nio (NYSE: NIO) shares are down almost 30% so far this year. But anyone who bought stock in the Chinese electric vehicle (EV) maker more recently has done quite well. Nio shares have soared by more than 65% over the past month.The stock continued to surge again today as the trading week started. Nio’s U.S.-listed American depositary shares had gained 12.7% as of 10:15 a.m. ET. Some of the recent spike came from China’s latest plan to stimulate its struggling economy. But news that Nio has secured a new capital injection from strategic investors in China has the shares…
[ad_1] South Africa’s police car fleet may not boast the extravagant luxury of Dubai’s with its million-dollar supercars, nor does it use Lamborghinis like the Italian police for high-speed organ transport. However, what South Africa’s police force lacks in brand prestige, it more than makes up for in sheer numbers and performance. Recently, a single department took delivery of 50 Volkswagen Golf GTIs. The Durban Metro Police Service (DMPS) has added a substantial fleet of brand-new hot hatches to its ranks. Sharp-eyed observers might recognize that these GTIs are based on the pre-facelift model, identifiable by their headlights, which was…
[ad_1] Stellantis has experienced a significant decline in U.S. sales, with a 16% drop in the first half of this year. Breaking down the performance of its American brands through June, Jeep saw a 9% reduction in sales, while Ram took a harder hit, plummeting by 26%. Chrysler sales fell by 8%, and Dodge was down by 16%. With weakened demand, unsold inventory is piling up, prompting Stellantis to implement new measures to address the overflow. Previously, Stellantis aimed to limit its U.S. inventory levels to 330,000 vehicles by the first quarter of 2025. However, the company has now accelerated…