Oil giant BP is committed to tackling climate change, the company's CEO said, but he insisted that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years."It may not be popular to say that oil and gas is going to be in the energy system for decades to come but...
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021.Brendan McDermid | ReutersU.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five-week winning streak.Dow futures rose about 40 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures rose...
Chinese electric vehicle start-up Nio Inc's first employee Tianshu LI, and company's leadership team celebrate at the New York Stock Exchange (NYSE) Opening Bell to commemorate the company's initial public offering (IPO) at the NYSE in New York, September 12, 2018. Brendan McDermid | ReutersMarkets are running to all-time highs even as companies confront inflationary pressures and labor shortages, but...
The first bitcoin upgrade in four years has just gone live. It is a rare moment of consensus among stakeholders, and it's a big deal for the world's most popular cryptocurrency. The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate middlemen from transactions. "Taproot...
A baggage handler pushes a bag near a Southwest Airlines airplane at Hollywood Burbank Airport in Burbank, California, October 10, 2021.Robyn Beck | AFP | Getty ImagesSouthwest Airlines on Saturday offered its flight attendants new incentives aimed at avoiding more flight cancellations, particularly over the peak holiday period, amid concerns over staffing, according to an internal memo.Southwest canceled more...
Antoine Walker, former professional NBA playerShareif Ziyadat | Getty ImagesIn 2008, at the end of his 13-year basketball career, Antoine Walker had amassed $108 million.Two years later, he had nothing."I came into the league at 19 years old," he said. "I came from humble beginnings, so I was not used to having money at all."When he started making money,...
Morsa Images | DigitalVision | Getty ImagesThe standard premium for Medicare's outpatient care coverage will jump by 14.5% for 2022, far outpacing an earlier estimate of 6.7%, according to the government.The standard premium for Part B, which covers outpatient care and durable equipment, will be $170.10 next year, up $21.60 from $148.50 this year, said a senior official for...
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 13, 2021.Brendan McDermid | ReutersConsumers are in the spotlight in the week ahead, with the imminent release of retail sales for October and earnings from major chain stores.Retail sales is the big economic report for the week, when the Census Bureau...
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.Kyle Grillot | Bloomberg | Getty ImagesInnovation investor Cathie Wood took advantage of a rough week for 3D printing company 3D Systems and scooped up the name in her flagship ETF.
Workers at the construction site of the Dafaqu grand bridge of Renhuai-Zunyi expressway in southwest China's Guizhou Province, on April 21, 2021.Yang Wenbin | Xinhua News Agency | Getty ImagesChina's urbanization rate is set to rise, and infrastructure stocks in the country are at "super cheap" valuations, says DBS Bank, which highlighted three stocks investors don't want to miss.