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☆ How to position for growth in earnings, inflation, and the economy
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to position for growth in earnings, inflation, and the economySophie Lund-Yates, Senior Equity Analyst at Hargreaves Lansdown, and Ryan Detrick, Chief Market Strategist at the Carson Group, discuss mega-cap tech earnings, today's PCE report, and the direction of the markets.

Persons: Sophie Lund, Yates, Hargreaves Lansdown, Ryan Detrick Organizations: Carson Group, PCE

☆ Alphabet stock surges 11% on blowout earnings and first dividend for Google owner
▼ + stars: | 2024-04-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Alphabet shares surged in Friday's premarket after a blowout earnings report for the Google owner. AdvertisementAlphabet stock surged ahead of Friday's opening bell as investors cheered the Google owner's blowout first-quarter earnings. If those gains hold until the opening bell, its valuation will top $2 trillion for the first time. Meanwhile, Microsoft stock made more modest gains after it reported first-quarter earnings on Thursday afternoon. Shares were up almost in pre-market trading, putting its market capitalization on course to jump about $11 billion at the opening bell back above $3 trillion.

Persons: —, AJ Bell, Russ Mould, Amy Hood, hadn't, OpenAI, Sophie Lund, Yates, Hargreaves Lansdown Organizations: Google, Microsoft, Nasdaq, Big Tech, Service, Apple Locations: Friday's

☆ Gen Z would rather take a chance on a new app than use 'embarrassing' Instagram if TikTok gets banned
▼ + stars: | 2024-04-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."

Persons: Young, —, Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok

☆ Meta stock plunges on ‘aggressive’ AI spending plans
▼ + stars: | 2024-04-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. Meta (META), which also owns WhatsApp and Instagram, said Wednesday that first-quarter profit more than doubled year-on-year, while revenue was up 27%. Meta said full-year capital expenditure would be in the range of $35-40 billion — up from previous guidance of $30-37 billion — as it continues to accelerate infrastructure investments to support AI. Meta has forecast revenue of $36.5-39 billion, versus analyst expectations of $38.2 billion.

Persons: —, ” Sophie Lund, Yates, Hargreaves Lansdown, Meta, Mark Zuckerberg, ”, Stephen Innes Organizations: London CNN —, Meta, Facebook, Microsoft, Google, ”, Management

☆ Stock market today: Tesla shares pop as Elon Musk's promise of cheaper EVs charms investors
▼ + stars: | 2024-04-24 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Meanwhile, Nasdaq futures rose 0.6% and S&P 500 futures ticked up 0.2%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla's stock rallied before the opening bell on Wednesday as investors reacted to the electric car maker's first-quarter earnings report. The gains came after Tesla's earnings of $0.45 per share for the three months ending March 31 missed analysts' expectations. AdvertisementMeanwhile, US stocks looked set to start the day in the green, with S&P 500 futures up 0.2% and Nasdaq 100 futures climbing 0.6%.

Persons: Tesla, —, Sophie Lund, Yates, Hargreaves Lansdown's, Tesla's, It's Organizations: Nasdaq, Service, Dow Jones Industrial

☆ Stock market today: US futures rise as Tesla kicks off Magnificent 7 earnings season
▼ + stars: | 2024-04-23 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tesla is set to kick off Big Tech earnings season after the closing bell. AdvertisementUS stocks looked set to open higher at the opening bell on Tuesday, as traders waited for Tesla to kick off a make-or-break Magnificent Seven earnings season. Analysts are expecting Tesla to post earnings of $0.44 per share for the three months ending March 31, according to data from Refinitiv. "Big tech kicks off with Tesla results this evening," Sophie Lund-Yates, Hargreaves Lansdown's lead equity analyst, said. General Motors, Spotify, and Visa are among the other companies set to report earnings on Tuesday.

Persons: Tesla, —, Sophie Lund, Yates, Hargreaves Lansdown's Organizations: Big Tech, Elon Musk's, Service, Nasdaq, Dow Jones Industrial, Motors, Spotify, Visa Locations: Elon

☆ Fire engulfs Denmark’s historic stock exchange building, iconic spire collapses
▼ + stars: | 2024-04-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The tower of the historic Boersen stock exchange collapses as the building is on fire in central Copenhagen, Denmark on April 16, 2024. A fire broke out on Tuesday at Denmark's 400-year-old historic stock exchange building, engulfing its iconic dragon-tail spire which collapsed onto the roof. Videos and images from the scene on Tuesday morning showed a violent fire engulfing the stock exchange building, or Boersen, which had been undergoing renovation work. "Terrible pictures from the Stock Exchange. "An iconic building that means a lot to all of us, I think."

Persons: Troels Lund Poulsen, Poulsen Organizations: Reuters, Notre, Dame Cathedral, Denmark's, Stock Exchange Locations: Copenhagen, Denmark, Paris

☆ Pregnancy complications linked to increased risk of early death even decades later, study finds
▼ + stars: | 2024-04-15 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +8 min

CNN —Pregnancy complications, such as gestational diabetes or preeclampsia, may be linked to an elevated risk of death even decades after giving birth, according to a new study. The study, published Monday in the journal JAMA Internal Medicine, found that women who experienced major complications during pregnancy had an increased risk of early death and that risk remained elevated for more than 40 years. The data showed that more than 88,000 women had died and all five pregnancy complications were independently associated with a higher mortality risk later in life. Gestational diabetes was associated with a 52% increased risk of mortality, preterm delivery was associated with a 41% increased risk, delivering a baby with low birth weight was associated with a 30% increased risk, preeclampsia with a 13% increased risk and other hypertensive disorders with a 27% increased risk, the data showed. “We found that the increased mortality was attributable to multiple different causes of death, including heart disease, diabetes, respiratory disorders, and cancer,” he said.

Persons: Dr, Casey Crump, ” Crump, “, ”, Ashley Roman, ” Roman, Crump, Joanne Stone, Raquel, Jaime Gilinski, ” Stone, Sanjay Gupta Organizations: CNN, The University of Texas Health Science Center, Lund University, NYU Langone Health, ’, of Obstetrics, Icahn School of Medicine, CNN Health Locations: UTHealth, Houston, Malmö, Sweden, United States, Mount

☆ Global oil price hits seven-month high as Middle East tensions rise
▼ + stars: | 2024-04-02 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The global price of oil rose Tuesday to its highest level in seven months, propelled, in part, by concerns that mounting tensions in the Middle East could crimp supply. Brent crude, the world’s oil benchmark, climbed as much as 1.8% to $89 a barrel, the highest since early September, before paring those gains slightly mid-afternoon in Europe. Meanwhile, West Texas Intermediate crude, the US benchmark, also rose 1.8% to reach a five-month high of $85 a barrel. “You’ve got ongoing Ukrainian attacks on Russian refineries… Houthi attacks on shipping in the Red Sea,” as well as a “general sense that the Middle East is less stable than it was a year ago,” he told CNN. Geopolitical tensionsWriting about higher oil prices Tuesday, Sophie Lund-Yates, lead equity analyst at financial services company Hargreaves Lansdown, singled out escalating geopolitical tensions in the Middle East following an airstrike on Iran’s embassy in Syria Monday.

Persons: Richard Bronze, “ You’ve, ”, Sophie Lund, Yates, Hargreaves Lansdown, Israel, —, specter, Brent, Bill Weatherburn Organizations: London CNN, Brent, West, CNN, Revolutionary Guards, Organization of, Petroleum, Lund, Capital Economics Locations: Europe, West Texas, Brent, United States, Red, ”, Syria Monday, Iran, Syria, Israel, Tehran, Quds, OPEC, Iran’s, Damascus, Gaza, China

☆ 14 breathtaking wildlife photos from the World Nature Photography Awards
▼ + stars: | 2024-04-01 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The World Nature Photography Awards highlight amazing photos of the natural world. AdvertisementThe World Nature Photography Awards announced the winners of its 2024 contest, highlighting majestic images of animals, landscapes, and scenes from the natural world. A panel of judges then picked the winners across 14 categories including Underwater, People and Nature, Plants and Fungi, and Animal Portraits. As part of their efforts to promote sustainability and raise awareness of the climate crisis and its impact on nature, the World Nature Photography Awards team plants a tree for every photo submission received. This year's winner, Tracy Lund, took home the $1,000 cash prize and the title of World Nature Photographer of the Year.

Persons: —, Tracy Lund Organizations: Shetland Islands, Service

☆ World Nature Photography Awards 2024: Spectacular images of wildlife
▼ + stars: | 2024-03-29 | by ( Mark Tutton | ) edition.cnn.com time to read: +2 min

Rolex’s Perpetual Planet initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. London CNN —A dramatic photo of two gannets fighting for a fish in the waters off Scotland’s Shetland Islands has won first prize at the World Nature Photography Awards. Ivan Pedretti/World Nature Photography Awards“I love the contrast in colors between the white mountains and the black dunes with yellow grass,” he said in a statement. Launched in 2020, the World Nature Photography Awards (WNPA) were set up to promote photography and help the planet, planting a tree for each entry to the competition. As always, it’s such a joy to see the amazing caliber of entries into the awards.”

Persons: Tracey Lund, ”, “, Ivan Pedretti, ” Ivan Pedretti, Adrian Dinsdale Organizations: CNN, London CNN, Islands Locations: United Kingdom, Italy, Stokksnes, Iceland

☆ Who can fix Boeing? Here are some potential CEO candidates
▼ + stars: | 2024-03-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

New York CNN —Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. What Boeing wants in its new CEOWhen picking a new CEO, the company likely has two pools of choices. Or it can once again pick a leader like outgoing CEO Calhoun, who has a financial background and an undergraduate degree in accounting. Spirit was the only one to comment, but it did not address the possibility of Shanahan becoming Boeing CEO. Culp has an undergraduate degree in economics and an MBA from Harvard, a business background more than an engineering background.

Persons: William Boeing, Dave Calhoun, Calhoun, “, ”, Sir Tim Clark, ” Calhoun, “ It’s, Richard Aboulafia, Pat Shanahan Pat Shanahan, Donald Trump, Shanahan, “ Mr, Joe Buccino, Larry Culp Larry Culp, Jack Welch, Culp, Aboulafia, Kathy Warden Kathy Warden, Northrop Grumman, Northrop, Warden, ” Aboulafia, Mary Barra, Greg Smith Greg Smith, Smith, Alan Mulally Aboulafia, Alan Mulally, Ford, Mulally, It’s, Ron Epstein, ’, Stephanie Pope, Brian West, Pope, West, Elizabeth Lund Organizations: New, New York CNN, Boeing Company, Boeing, Alaska Airlines, Emirates Airlines, CNBC, US Department of Defense, CNN, General Electric, GE Aerospace, GE, Danaher Corp, Harvard, Northrop, General Motors, Barra, American Airlines, Ford, Detroit, GM, DaimlerChrysler, Chrysler, of America, Airplanes, GE Aviation, Services, Boeing Commercial Airplanes Locations: New York, American, Calhoun

☆ High maintenance 'prima donna' F-16 jets will be hard work for Ukraine, former US Marine pilot says
▼ + stars: | 2024-03-23 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

Ukraine is due to receive much-anticipated F-16 fighter jets from its Western allies. He said the jets are much more "high maintenance" than the Soviet-era aircraft Ukraine is used to. AdvertisementAs Ukraine awaits the long-anticipated delivery of F-16 jets from its Western allies, experts warn that it may face challenges operating the "high maintenance" aircraft. AdvertisementYuriy Ihnat, a spokesperson for the Ukrainian Air Force, told Politico that some changes would be needed for Ukraine to operate the F-16 Fighting Falcons. AdvertisementA cohort of Ukrainian pilots began training on the F-16 in Denmarks's Skrydstrup Air Base last August, Reuters reported.

Persons: —, Tom Richter, Yuriy Ihnat, Lockheed Martin, Troels Lund Poulsen Organizations: Marine, Service, US Marine, National Guard, Politico, Ukrainian Air Force, Fighting Falcons, Falcons, US Air Force, Lockheed, Air Force's, US, Air Base, Reuters, New York Times, Ukrainian, Royal Air Force, French Air Force, The Times, Nokia, Times Locations: Ukraine, Soviet, Denmark, Netherlands, Ukrainian, Kyiv, Russian

☆ Drones have ushered in a brutal new phase of Syria's civil war
▼ + stars: | 2024-03-22 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

Read previewDrones are increasingly shaping warfare in the Syrian civil war that entered its 14th year in March. Kasim Rammah/Getty ImagesHowever, unlike drones, Syrian Air Force aircraft require significant support from Russia. Advertisement"The Russians might not want to spend any more jet fuel and Soviet-designed bombs on Assad just to help him blow up hospitals and marketplaces in Idlib," Lund said. Advertisement"It seems well within the means of Tahrir al-Sham, the dominant jihadi militia in Idlib, to manufacture and use kamikaze drones," Lund said. Even though many of these opposition drones are often described as crude, low-tech, and DIY, Lund also does not rule out the possibility that Syrian opposition groups have received state backing for some attacks.

Persons: —, Bashar al, Assad, Freddy Khoueiry, RANE, Khoueiry, Aron Lund, Lund, Kasim Rammah, Moscow's, they're, RANE's Organizations: Service, Business, Century International, Syrian Air Force, embroilment, Scientific Studies, Research Center, Ministry of Defense, Hezbollah, Russia Locations: Russia, Ukraine, Damascus, Hayat Tahrir, Idlib, Homs, East, North Africa, Syria, Aleppo, Soviet, Iran, Yemen, Lebanon, Hmeimim, Latakia, Tahrir, Turkey

LONDON (AP) — British cellphone company Vodafone confirmed Friday that it is selling its Italian business to Switzerland’s Swisscom for 8 billion euros ($8.7 billion) and will hand back half of the proceeds to its shareholders through the buyback of company shares. Swisscom, a telecoms operator, will pay in cash that it will finance through new debt. "Fastweb and Vodafone Italia are an ideal fit to create high added value for all stakeholders." Swisscom will pay annual initial charges of 350 million euros, which is expected to decrease over time. ”Its refreshed strategy also has seen it seek to merge its U.K. business with Three U.K. to create Britain’s biggest mobile phone network worth around 15 billion pounds ($19 billion).

Persons: Swisscom, Christoph Aeschlimann, Margherita Della Valle, “, ”, Sophie Lund, Yates, stockbrokers Hargreaves Lansdown Organizations: Vodafone, Fastweb, Vodafone Italia Locations: British, Italy, Hungary, Ghana, London, Zurich

☆ Boeing removes head of 737 Max program, Ed Clark, in wake of safety incidents
▼ + stars: | 2024-02-21 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +3 min

New York CNN —Boeing removed executive Ed Clark, the head of its 737 Max passenger jet program, after a dramatic – and terrifying – midair blowout in January underscored ongoing problems with the jet. But he had previously held roles related to the 737 Max, including as chief engineer and chief 737 mechanic. It created a new executive position, Senior Vice President for BCA Quality, and named Elizabeth Lund to that position. Mike Fleming, who had previously been senior vice president of development and customer service, will assume the role Lund previously held. And Katie Ringgold, who had been vice president of 737 Max deliveries, will assume Clark’s former position overseeing the Max.

Persons: Ed Clark, Max, Dave Calhoun, ”, ” Clark, Elizabeth Lund, Lund, Mike Fleming, Katie Ringgold, Scott Kirby Organizations: New, New York CNN, Boeing, Max, Alaska Airlines, National Transportation Safety Board, NTSB, Boeing Commercial Airplanes, BCA Quality, – United Airlines, Delta Air Lines Locations: New York, Southwest, Alaska

A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington on January 25, 2024. The company's 737 program head, Ed Clark, is leaving the company, Stan Deal, CEO of Boeing's commercial airplane unit, said in memo to employees. "Ed departs with my, and our, deepest gratitude for his many significant contributions over nearly 18 years of dedicated service to Boeing," Deal said. A month after the Alaska Airlines flight, Boeing said misdrilled holes on some Max planes would delay handovers of the aircraft to airlines. The door plug that blew out of the almost brand-new 737 Max 9 used for Alaska Airlines Flight 1282 has already brought increased scrutiny and restrictions from federal regulators.

Persons: Max, Ed Clark, Stan Deal, Katie Ringgold, Deal, Elizabeth Lund, Lund, Ed, it's Organizations: Renton Municipal Airport, Boeing, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, Airbus, CNBC PRO Locations: Renton, Renton , Washington, Alaska, United

☆ For Bob Marley's many children and grandchildren, reggae is the family business
▼ + stars: | 2024-02-20 | by ( Olivia Singh | ) www.businessinsider.com time to read: +2 min

Bob MarleyJamaican reggae musician, songwriter, and singer Bob Marley performs onstage, in a concert at Grona Lund, Stockholm. Hulton Archive/Getty ImagesRobert Nesta Marley was born February 6, 1945 in the village of Nine Mile to Cedella Malcolm, a 19-year-old Black Jamaican woman, and Capt. The Jamaican reggae artist has been credited with making Jamaican music more popular worldwide. His greatest hits album "Legend" — which was released posthumously — remains the best-selling reggae album of all time, and Marley still ranks among the best-selling musicians of all time. Marley's life is dramatized in a new biopic called "Bob Marley: One Love," starring Kingsley Ben-Adir as the music icon.

Persons: Bob Marley, Robert Nesta Marley, Malcolm, Norval Marley, Marley, —, Peter Tosh, Bunny Waller, Tosh, Waller, Eric Clapton, Rita, Gibson Les Paul, Edward Seaga, Kingsley Ben, Adir Organizations: Grona, Hulton, Island Records, Wailers, Jamaican Locations: Grona Lund, Stockholm

☆ Russia is now in a better position for attacking elsewhere in Europe, defense official says
▼ + stars: | 2024-02-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Read previewRussia seems to be in a better position to launch a future attack on a NATO member state, despite its performance in Ukraine, a European defense official told Business Insider. Russia failed to take Ukraine's capital, Kyiv, early in its invasion, despite its much larger and better-supplied military. AdvertisementGermany's defense minister, Boris Pistorius, said last month that Russia could attack a NATO country within the next five to eight years. And Denmark's defense minister, Troels Lund Poulsen, also warned this month that Russia could attack a member within the next five years. Urbelis said that Russia's invasion of Ukraine has strengthened NATO, but urged members to ramp up their defense efforts.

Persons: —, Vaidotas Urbelis, Urbelis, Boris Pistorius, Troels Lund Poulsen, it's Organizations: Service, NATO, Business, EU Locations: Russia, Ukraine, Lithuania, Belarus, Russian, Kyiv, Soviet Union, Europe

☆ Who Kissed First? Archaeology Has an Answer.
▼ + stars: | 2024-02-13 | by ( Franz Lidz | ) www.nytimes.com time to read: +2 min

They met a week earlier at a pub near the University of Copenhagen, where both were undergraduates. “I had asked my cousin if he knew any nice single guys with long hair and long beards,” Dr. Rasmussen said. “I do,” said Dr. Rasmussen, who had taken some of the same classes. The researcher, at the University of Cambridge, suggested that the custom — a lip-kissing precursor that involved rubbing and pressing noses together — developed into hardcore smooching. — about when the Indian how-to sex manual, the Kama Sutra, was published — kissing had spread to the Mediterranean with the return of Alexander the Great’s troops from Northern India.

Persons: humanity’s, Sophie Lund Rasmussen, Troels, “, Dr, Rasmussen, ’, Arboll, ”, buss, —, Alexander the Organizations: University of Copenhagen, University of Oxford’s, Conservation Research Unit, Aalborg University, University of Cambridge Locations: Assyriology, Denmark, Asia, Northern India

☆ Romantic kissing’s earliest record dates to 4,500 years ago, scientists say
▼ + stars: | 2024-02-13 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

Romantic kisses have long been celebrated in songs, poems and stories, commemorated in art and film. Modern scholars therefore concluded that romantic kisses likely originated in India. Across thousands of cuneiform tablets kissing isn’t the most mentioned topic, “but it is attested regularly,” he said. But Arbøll and Rasmussen suspected that romantic kissing became accepted in Bronze Age Europe, and not because of migration alone. Even today, many cultures shun romantic kissing, Arbøll and Rasmussen reported.

Persons: CNN —, ”, Guy de Maupassant, Troels Pank, Assyriology, Justin R, Garcia, ” Garcia, de Maupassant, Arbøll, Dr, Sophie Lund Rasmussen, ” Arbøll, “, primatologist Frans B.M, De, Rasmussen, isn’t, It’s, ” Mindy Weisberger Organizations: CNN, University of Copenhagen, Indiana University, Kinsey Institute, Oxford University, Emory University, Scientific Locations: Mesopotamia, Bloomington, India, De Waal, Atlanta, Europe, Russia

☆ The US strikes on Iran-linked militants seem to be working, but that likely won't last long
▼ + stars: | 2024-02-09 | by ( Paul Iddon | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But experts on the region say that Iran and its militant allies still have the arsenal and motivations to threaten the US. The US airstrikes on February 2 hit 85 targets in seven locations in Iraq and Syria, killing an estimated 40 militiamen . For militias like Kataib Hezbollah in Iraq, it’s to provoke US responses that increase opposition to the 2,500 US troops based in Iraq. “By responding to the attacks, the United States poisons its relationship with local allies and screws up its position in Iraq.

Persons: —, ” Michael Knights, Biden, Joe Biden, ” Joel Wing, Jesenia Landaverde, “, Aron Lund, they’re, They’re, ” Lund, “ They’ve, ” Nicholas Heras, ” Heras, it’s, ” Organizations: Service, Washington Institute, Business, Republican, Command, U.S . Air Force, 28th Bomb, Ellsworth Air Force Base, Staff, US Air Force, New Lines Institute, US, Coalition Locations: Iraq, Syria, Iran, U.S, S.D, United States, America, Baghdad, Lund, Gaza

☆ Top stock pick in the Magnificent 7 is Meta, says Sophie Lund-Yates
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop stock pick in the Magnificent 7 is Meta, says Sophie Lund-YatesSophie Lund-Yates, Senior Equity Analyst at Hargreaves Lansdown, discusses earnings from Apple, Microsoft, and Meta.

Persons: Sophie Lund, Yates Sophie Lund, Yates, Hargreaves Lansdown Organizations: Apple, Microsoft, Meta

☆ Activist Bluebell believes BP is 50% undervalued compared to peers
▼ + stars: | 2024-02-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

The company's segments include gas & low-carbon energy, oil production & operations and customers & products. Its gas business includes upstream activities that produce natural gas, integrated gas and power, and gas trading. Its oil production & operations segment comprises upstream activities that produce crude oil, including Bpx Energy. As of Bluebell's October 4, 2023, letter to BP, BP traded on a price-earnings ratio of 6.7 times, a 44% discount to Chevron and ExxonMobil, which on average traded at 12 times. To make it even clearer how the market views BP's strategy, on February 7, 2023, when BP announced its partial retracement from this strategy, BP's share price rose 8% on the day and 17% on the week.

Persons: Giuseppe Bivona, Marco Taricco, Bivona, –, Helge Lund, Bluebell, BP's, Bernard Looney, Shell, Looney's, Looney, Pamela Daley, Solvay, Glencore, Ken Squire Organizations: BP Bunge, Bpx Energy, Castrol, Bluebell Capital Partners, Bluebell Partners, BP, ExxonMobil, Chevron, Bluebell, International Energy Agency, EV, Exxon, Shell, Mr, Renewables, Power, BP's Board, BlackRock, 13D Locations: bioenergy, Europe, Bluebell, Paris, Bioenergy, United States, U.S

☆ One activist investor is taking on BP, urging the oil giant to scale back green pledges
▼ + stars: | 2024-01-30 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

And on that front, we are not asking BP to renege on its strategy, but to adapt its strategy to the reality." Auchincloss has since been appointed as permanent CEO of the British oil and gas major. In response to the publication of the letter, a spokesperson for BP said the company "welcomes constructive engagement" with its shareholders. We continue to make significant progress, remain focused on delivery, and are confident the strategy will grow the value of bp and deliver sustainable long-term value for shareholders," BP said. Bivona declined to disclose Bluebell's stake in BP, saying that it was below a reporting threshold.

Persons: Giuseppe Bivona, Bivona, CNBC's, Bivone, Marco Taricco, Helge Lund, Murray Auchincloss, Auchincloss Organizations: Capital Partners, BP, Financial, Danone Locations: Bluebell, London

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