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BP Plc posted its second-highest quarterly profit on record and announced a further $2.5 billion of share buybacks, capping a stellar period for Big Oil after Russias invasion of Ukraine pushed up energy prices. (Source: Bloomberg) When Bernard Looney took over as chief executive officer of BP Plc in 2020, he promised to quickly decarbonize the British oil major, cutting oil and gas production by 40 percent by 2030 and channeling billions of dollars into wind and solar projects. It was a stronger version of the “Beyond Petroleum” slogan BP once used. On Tuesday, Looney altered course. The company put out some fine words about its commitment to green energy and several billion dollars in investment to back it. But in tandem, it promised shareholders it would invest heavily into oil and gas projects. Instead of a 40 percent output cut, oil and gas production would fall by 25 percent by the end of the decade. Don’t say it out loud — because Looney took pains to emphasise that … [Read more...] about Don’t say it out loud, but BP is back into petroleum

There are many reasons for volatility of prices to deviate from business earnings. Maybe it is belief of a different macro environment. (Representative image) The term “volatility” finds unique use in Indian stock market lingo. I am not aware of any other market where “volatility” is so frequently referred to by market participants. In India, it stands for corrections/crashes many a time. Indian TV channels when describing markets on a day as having gone up or down (even a 50 point move in the Nifty) term them as “volatile” markets. However, volatility in its universal sense refers to a move away from trend –... … [Read more...] about How to make volatility your friend

Share to Twitter Share to Linkedin While Samsung might still be the world’s leading foldable smartphone seller, the Chinese manufacturers are catching up in the global scene. Honor is the latest brand to have announced that it will launch the Magic Vs foldable outside of China at Mobile World Congress 2023. And by the looks of it, the Honor foldable might feature a better hinge mechanism than the Galaxy Z Fold 4. The November 2022-launched Honor Magic Vs is going global on February 27 at MWC in Barcelona. Ahead of the announcement, the company provided a pre-production unit to the Jerry Rig Everything channel on YouTube . In the video, Zack tears down the foldable and gave us the first look at its innovative hinge. You can watch the full video below. The Honor Magic Vs features a “4-component design.” It lowers the number of components from 92 to just four on the foldable’s hinge. The company has used vertical metal slats to keep the foldable … [Read more...] about Here’s How Honor Magic Vs Is Taking On The Galaxy Z Fold 4

Share to Twitter Share to Linkedin Jenny Tolman spent the past year making many of her biggest dreams come true. She released a new album, got married, organized the first all-female country festival in Jackson Hole, Wyoming, saw her music video celebrating women who’ve survived drug addiction and human trafficking go viral, and welcomed her first child, a beautiful baby boy named Bear. It seemed fitting the little guy would wrap up 2022 so perfectly, arriving on the very last day of the year, December 31 st . Tolman let fans know he was on his way with her song “It’s a Boy,” late last year, and People Magazine helped introduce him to the world in January. At 26, Tolman feels incredibly blessed. “I feel very, very grateful. The only two things I’ve ever wanted in my life is to be a singer and to be a mom,” she says. “And I’m like, oh my gosh, it makes me want to cry.” She’s a strong believer in expressing gratitude - consistently and … [Read more...] about For Country Artist Tolman – Gratitude Is Everything

Share to Twitter Share to Linkedin Jewelry is a go-to when it comes to Valentine's Day gifts. In fact, outside of flowers and chocolates, US consumers spend more on jewelry than on any other gift category, and this year that figure is expected to be $5.5 billion . Once considered twee, heart-shaped jewelry looks set to win over more hearts than ever before this year, as independent designers explore an age-old symbol of love, friendship and romance. Here are eight Valentine's Day options that spell present perfection for last-minute shoppers. The Gold Heart stud earrings by Guzema These dainty gold studs are an ideal love token that will add a touch of femininity to lobe or cartilage. Ukrainian jewelry designer Valeriya Guzema has not only managed to keep her business afloat since the Russian invasion nearly a year ago, it now has a growing international following, who though their purchases support the Guzema Foundation, and in turn, the Ukrainian … [Read more...] about Valentine’s Day Gift Guide: The Best Luxury Heart Jewelry

Share to Twitter Share to Linkedin The images of the eyebrow raising pitch preparation for the series-opener between India and Australia were probably enough to spook the visitors. In what could be termed as gamesmanship from the hosts, or “pitch doctoring” to others, ground staff at Nagpur's VCA Stadium were tailoring the surface in an apparent bid to help India gain an advantage ahead of the first Test starting on Thursday. Already facing the toughest challenge in cricket, with India having not lost a home Test series in a decade, Australia's task appears even more daunting on a surface expected to spin heavily. But this Australian team, increasingly moulded in composed skipper Pat Cummins' image, might not be rattled so easily unlike previous agitated sides. "There potentially may be a fair bit of rough out there. That's just something we've got to embrace," Cummins told reporters on Wednesday. "It's going to be fun, it's going to be … [Read more...] about Australia Face Test Cricket’s Toughest Challenge Amid Indian Gamesmanship

Share to Twitter Share to Linkedin The 2023 NBA Trade deadline is nearly upon us, and the Milwaukee Bucks will have some big decisions to make. They’ve won eight straight games heading into the deadline and are clicking on all cylinders with Khris Middleton back in the lineup. However, they are not yet at full strength as Bobby Portis has missed the last seven games with an MCL sprain in his right knee. They’ve gone the entire season without having their entire team, making it difficult for general manager Jon Horst to evaluate his club. Even without all of their guys, it’s clear the Bucks are peers with the Boston Celtics (and maybe the Philadelphia 76ers?) as the class of the Eastern Conference. Still, there’s always room to upgrade. Here are the top 16 trade candidates the Bucks could potentially be interested in. Milwaukee Bucks Final Trade Deadline Big Board Kelly Oubre Jr., Wing, Hornets Jae Crowder, Forward, Suns Immanuel … [Read more...] about Milwaukee Bucks Final Trade Deadline Big Board

Share to Twitter Share to Linkedin Topline Pressure is mounting from Republicans and some Democrats in Congress to pass a national ban on TikTok, the social video app owned by Chinese company ByteDance which has already been banned on federal devices and some college campuses over privacy concerns. Key Facts TikTok has faced calls for bans from critics who fear China may use the platform to access the data of American users. Criticisms of the social platform intensified in the fall after reports revealed ByteDance repeatedly accessed U.S. user data and planned to use TikTok to track the location of specific American citizens ( including Forbes journalists ). ByteDance previously denied it had used TikTok to “target” journalists or public figures, but after an internal investigation revealed employees tracked journalists covering the company, it fired its chief internal auditor who led the team orchestrating the surveillance. … [Read more...] about Will TikTok Be Banned From The U.S.? Here’s Where It Stands.