On Tuesday, BP shares took a hit as the company announced that it expects to post an impairment of up to $2 billion in the second quarter. This news has led to a 2.6% drop in the company’s shares during early market trading in London. BP cited weak refining margins and lower oil trading performance
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President Joe Biden is facing speculation from Stifel, with a 40% chance that he will not seek reelection. The firm’s chief Washington policy strategist, Brian Gardner, believes that it is a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. Despite this uncertainty, Gardner also noted that
The real estate market in San Francisco has been facing significant challenges, with the vacancy rate for office space reaching a record high of 34.5% in the second quarter. This is a stark increase from previous years, showcasing the impact of both the Covid-19 pandemic and the slowdown in the tech industry. The average asking
When it comes to planning for retirement, one of the key factors to consider is the impact of taxes on your savings. Whether you are in the middle of your career or getting ready to retire, understanding where you are investing your money and how those accounts will affect your taxes in the future is
Last week, as I was preparing to leave work, I realized that my wallet was missing from my backpack. Panic set in as I searched frantically for it, only to come up empty-handed. I contacted security and the bank to lock my cards, feeling defeated and vulnerable. As a finance intern at CNBC, I turned
Boeing, the U.S. aerospace giant, has recently agreed to plead guilty to criminal fraud related to the fatal crashes of its 737 Max aircrafts. This decision has labeled Boeing as a felon, despite allowing the company to avoid a trial as it attempts to move past the safety and manufacturing crises that have plagued it.
After a monthslong negotiation filled with twists and turns, Paramount Global has finally agreed to merge with Skydance. This merger signifies the end of the Redstone family’s control over the storied movie studio and media company. The agreement was reached after Paramount’s special committee gave their consent to the deal following a preliminary agreement between
The aviation industry is currently experiencing record demand for summer air travel, with airports bustling and increased capacity on flights. However, this surge in demand has not translated to record profits for U.S. airlines. While some carriers have forecasted record demand and potential revenue growth, higher labor costs and other expenses have significantly impacted their
Investors are bombarded with conflicting signals as the economy wavers, contrasting with the S&P 500’s booming performance. In this volatile scenario, savvy investors look to the picks of esteemed Wall Street analysts to guide them toward stocks that boast robust balance sheets and promising growth potential. According to TipRanks, a platform renowned for ranking analysts
In the past year, there has been a significant surge in employment scams, with criminals utilizing advanced techniques such as artificial intelligence to target unsuspecting job seekers. Reports of job scams increased by 118% in 2023 compared to the previous year, as per the Identity Theft Resource Center. These scammers often pose as recruiters and