Share to Twitter Share to Linkedin BP’s share price was the leading riser on the FTSE 100 on Tuesday following the announcement of record profits in 2022. At 507p per share the oil major was last trading 6% higher on the day. BP shares look extremely cheap on paper. They trade on a forward price-to-earnings (P/E) ratio of 5.7 times. A FTSE 100-beating 4.4% dividend yield adds an extra sweetener for value stock investors. Is the fossil fuel company currently too cheap to miss? Record Profits In today’s full-year update BP said that underlying replacement cost (RC) profits rocketed to all-time highs of $27.7 billion last year. This was more than double the $12.8 billion profit it recorded in 2021. Oil sector earnings have ballooned following the invasion of Ukraine. Fears of constrained supply pushed crude prices through the roof last year and the Brent benchmark rose around 10% during 2022. Prices settled back during the final quarter, … [Read more...] about BP Posts Record Profits In 2022. Should You Buy Its Shares Today?
When Cincinnati Bengals wide receiver Tee Higgins jumped over a pair of Kansas City Chiefs defenders on a back shoulder throw for a 27-yard touchdown in the third quarter of Sunday’s AFC championship game, it probably set off a lot of wishful thinking in Baltimore. What if the Ravens had just one receiver as tall, fast or talented as the 6-foot-4 Higgins? That play showed the biggest difference between the elite teams and the Ravens: They have impact players, and the Ravens don’t have enough. Three of the final four teams have top quarterbacks in Patrick Mahomes, Joe Burrow and Jalen Hurts. If you need pass rushers, there is Kansas City’s Chris Jones, San Francisco’s Joey Bosa and Philadelphia’s Haason Reddick. Cincinnati has receivers Ja’Marr Chase and Higgins, the Chiefs have tight end Travis Kelce and the Eagles have wide receiver A.J. Brown. The 49ers have the best defense in the game with Bosa and inside linebackers Fred Warner and Dre Greenlaw, while the Ravens have … [Read more...] about Mike Preston: Ravens need more than wishful thinking to join the NFL’s elite | COMMENTARY
Gautam Adani. The business empire of Gautam Adani is in mayhem, losing more than $100 billion in value and sending the Indian tycoon tumbling down the global rich list after allegations of major accounting fraud. - Who is Gautam Adani? - Adani, 60, is a publicity-shy school dropout of humble origins who rose to become fabulously rich. Moving to Mumbai in his teens to work sorting diamonds, he formed his own import-export business. His big break came in 1995 when he acquired a shipping port just as India's economy was opening up. Today, Adani Group has interests in everything from power generation and Australian coal mines to cement, media, food and Israeli ports. Its seven main listed units had a combined market value in January of around $220 billion. Read More The meteoric rise in the share prices of Adani's units -- the flagship Adani Enterprises rose more than 1,000 percent in five years -- has helped make Adani fabulously wealthy and fund further … [Read more...] about Why is Gautam Adani’s Indian empire in turmoil?
The Adani group lost over $100 billion after an American short seller's investigation. American short seller Hindenburg Research's damning report about Indian billionaire Gautam Adani has led to a stock rout, erasing over $100 billion from his empire and pushing him down on the global rich list. In its report, Hindenburg Research accused the Adani Group conglomerate of being involved in accounting fraud and "brazen stock manipulation". The company has refuted the allegations. Hindenburg Research says its report on Adani is based on two years of investigation, which included reviewing documents, visiting Adani Group sites globally and conducting interviews with former executives. The short seller is helmed by Nathan Anderson, who specialises in specialises in forensic financial research. Here are 5 things to know about him: - Anderson is a graduate of the University of Connecticut and had an unlikely career trajectory. He drove an ambulance in Israel before taking up … [Read more...] about 6 points about Nathan Anderson, Hindenburg Research founder who bet against Gautam Adani
Share to Twitter Share to Linkedin Harvard economist Raj Chetty is doing something remarkable, and it ought to be a model for how the government and the private sector can improve the lives of American citizens. His approach isn't political. It’s pragmatic . Even more admirable: he’s willing to face irksome facts about how inequality of opportunity is almost physically rooted in neighborhoods . It’s all about zip codes. You are who you are, economically and educationally, to a great degree because of where you live . Once you land in a zip code, it will launch you into new opportunities, or it will limit you. Where you’re going depends more than we want to admit on where you are right now. Chetty is the William A. Ackman Professor of Economics at Harvard. He focuses on economic inequality and social mobility: the ability of each generation of a family to enjoy a quality of life better than the previous one. Multiple studies have found that the U.S. is … [Read more...] about A Revolutionary Move For A Better Future
Share to Twitter Share to Linkedin Evolving trends in the publishing industry tend to have an outsized effect on the marketing world, as well. The content that marketers produce to reach their target audiences comes in many different formats, and whether it’s digital, print, video or sound, how it is published and distributed will have a major impact on the results a campaign generates. Knowing which publishing trends are ramping up and which are losing ground year after year can give content marketers a leg up when it comes to creating the most effective strategies. Below, members of Forbes Agency Council explore the biggest publishing trends emerging this year and explain how agencies can incorporate and leverage these trends in their client work or their own marketing efforts. 1. Personalization I predict that personalization is going to continue to steal the spotlight in 2023. The more you can segment your audience and tailor your content to them, … [Read more...] about 8 Big Trends In Publishing In 2023 (And How Marketers Can Leverage Them)
Share to Twitter Share to Linkedin Many agencies rely on freelance help to complete client work faster and for less money than it would cost to hire in-house talent. From large campaigns with many moving parts to one-off, last-minute projects, freelance talent can help pick up the slack in many areas. But getting everyone on the same page when people outside the agency are working on a project is often easier said than done. Whether an agency is temporarily understaffed or wants to bring contractors in to work with its internal teams on a consistent basis, it’s critical for agency leaders to ensure all parties understand timelines, deliverables and other expectations. Below, members of Forbes Agency Counci l share their best tips for making sure freelancers understand the goals of the agency and the specifics of the projects they’ve been assigned. 1. Take A Two-Pronged Approach First, lay out in writing the exact project requirements—including … [Read more...] about 14 Tips To Ensure Freelancers Understand An Agency’s Goals
Share to Twitter Share to Linkedin Billionaire Mark Cuban says President Trump is wrong to the think the economy can open up as early as May 1. And when it does open, it will take years to return to post-pandemic norms. “I wish he was right, but he’s not,” Cuban said in an interview on Sunday with Chris Wallace of FOX News Sunday. “People aren’t going to just venture outside. They're not going to go to large gatherings. They're not going to feel confident right off the bat. There’s going to be a lot of trepidation. And that concern is going to lead to people holding back on spending money,” he says. Some people are appalled by the rising stock market as unemployment explodes — over 16 million people have filed for unemployment in just 15 business days due to mandated government shutdowns of business. Retail, restaurants, travel, sports and entertainment have been particularly hard hit. “It speaks of a vast transfer of wealth orchestrated by the … [Read more...] about Mark Cuban Says Economy Will Never Be The Same Post-Pandemic
Share to Twitter Share to Linkedin Topline: As the coronavirus pandemic craters the world’s markets and disrupts the daily lives of millions, Norwegian Air said Thursday it would suspend around 4,000 flights and temporarily lay off up to 50% of its workers as businesses contend with sharp declines in revenue. 40% of Norwegian’s long haul fleet and 25% of its short haul fleet will be grounded until May, according to a press release. 50 employees from the South by Southwest music festival were let go after the 2020 event was canceled. Other layoffs include 145 drivers from the Port of Los Angeles as ships from China stopped arriving, the Washington Post reported . Travel agencies in Los Angeles as well as Atlanta, Georgia, have also laid off workers, as airlines suspend flights (and contend with President Trump’s new Europe travel ban), while a Seattle, Washington hotel chain shuttered an entire department, the Post reported. Christie … [Read more...] about Norwegian Air Axes Up To 50% Of Employees As Coronavirus Layoffs Begin
Share to Twitter Share to Linkedin Topline: The global tally for confirmed coronavirus fatalities hit the 100,000 marker Friday afternoon, as the total case number passed 1.6 million, according to Johns Hopkins University . Since Wuhan, China—believed to be where the virus originated—reported the first death in early January, it took 83 days to report the first 50,000 deaths and little more than a week for the confirmed count to top 100,000 . The 100,000 reported deaths out of 1.6 million confirmed cases suggests a fatality rate of a little more than 6%—but experts say the actual death rate may be much lower, as mild or asymptomatic cases are not counted in the totals. Countries like Spain and Italy have seen a higher death rate than other countries, in part because they have an aging population that is at more risk to coronavirus complications . Some experts have questioned the validity of China’s self-reported … [Read more...] about It Took Less Than 100 Days For Coronavirus Deaths To Top 100,000