Pep Guardiola’s Premier League leaders host David Moyes’ Hammers in the early kick-off
The bank posted record net income in its most recent earnings period. Here are five things we learned about the bank from its report.
These energy stocks have plenty of fuel to keep paying their dividends even if oil and gas prices cool off.
The son of a British man held in India -- in a case linked with a Dubai princess who claims she was kidnapped -- has appealed to Prime Minister Boris Johnson for help.
Back-to-back defeats mean Ireland face a tall order to replicate their “average return” of a third-place finish in the Six Nations last year. Italy's Six Nations losing streak - stretching back six years - is in danger of being extended to 30 games this weekend. Azzurri head coach Franco Smith has named an unchanged side after being competitive in defeat to defending champions England last time out but their wretched run remains a blight on the Championship.
It's possible to get rich by investing in the stock market, even if you're not already wealthy. Whether you're new to the stock market or have been investing for years, there are a few things to avoid if your goal is to make as much money as possible. If you're worried about the market crashing or nervous about investing, in general, you may be tempted to invest primarily in bonds or other conservative investments.
What usually distinguishes history's greatest investors is their approach to unexpected volatility and bearish conditions. Seizing on market crashes as an opportunity to buy great stocks at a discount will have an immense positive impact on your performance over the long term. To help readers find stocks that can deliver huge wins, we put together a panel of Motley Fool contributors and asked each member to identify a potential world-beater.
The leaders of Facebook (NASDAQ: FB) and Apple (NASDAQ: AAPL) have been exchanging barbs in the media for the past few months, accusing each other of unfairly wielding power. Corinne Cardina, Fool.com's healthcare and cannabis bureau chief, spoke with Nick Sciple, the bureau chief of tech, energy, and industrials, on a Fool Live episode recorded Feb. 11, about why Facebook is threatened by Apple's iOS update and what could be at stake for investors. Remember, Facebook is still only 13-years-old, 14-years-old age.
In the toughest crackdown yet police in Myanmar clashed with protesters detaining dozens of people. Several media workers were also detained.Despite the crackdown their numbers building through the morning, to chant and sing. Melting away into side streets as police advanced.Three domestic media outlets said a woman was shot and killed in the central town of Monwya. Police there were not immediately available for comment.One protester said they were inspired to come out onto the streets by Myanmar's ambassador to the UN. He spoke out Friday making a dramatic plea at the UN General Assembly to help end the military coup. "We (protesters) got so much encouragement to protest by seeing the Myanmar Ambassador to the U.N. That's why we came here to protest with lots of energy and as much effort we can have. We feel so thankful and got so much courage to see that the U.N. representative stands with us while we are trying to protest and get our our state counselor and president released" The Southeast Asian country has been in turmoil since the army seized power and detained elected leader Aung San Suu Kyi and much of her party leadership.Alleging fraud in a November election her party had won in a landslide. The coup has brought hundreds of thousands of protesters to the streets and drawn condemnation from Western countries, with some imposing limited sanctions.Uncertainty has grown over Suu Kyi's whereabouts. Officials of her National League for Democracy (NLD) party say she had been moved this week from house arrest to an undisclosed location.
A rooster fitted with a knife for an illegal cockfight in southern India has killed its owner, sparking a manhunt for the organisers of the event, police said Saturday.
Shares of the robotic surgical-system manufacturer are soaring, but can this company become the next Intuitive Surgical?
Facebook (NASDAQ: FB) is considered by many to be a top investment in the booming social media market. Facebook's revenue and earnings rose 22% and 57%, respectively, in fiscal 2020, as it overcame a pandemic-induced dip in ad spending in the first half of the year. Second, Facebook's growth will likely decelerate as Apple starts allowing iOS users to opt out of targeted ads this year.
Melbourne United have come from behind to defeat the Sydney Kings 83-80 and sit on top of both the NBL Cup and regular season ladders.Both teams went into Saturday night's meeting at John Cain Arena with a 2-1 record in the NBL's new tournament but Melbourne fought back in the second half to claim a key win against their fierce rivals.
Take Aurora Cannabis' (NYSE: ACB) price movements in the last 12 months as an example. When you're investing for the long term, short-term price movements that grab headlines are not something that you should place a lot of weight on when deciding whether to buy a stock. More importantly, the fear of missing out on a short-term price movement can drive you to invest in stocks that you haven't fully vetted.
In-form Lara Gut-Behrami's golden spell continued on Saturday when the Swiss skier sealed her second downhill win in the space of 24 hours at Val di Fassa.
Finding good dividend stocks among the thousands of publicly listed dividend-paying companies can get so overwhelming that income investors often pick the easy route and buy popular stocks. In doing so, investors often miss some great dividend stocks with impeccable track records and solid dividend growth potential. Here are three such little-known but amazing dividend stocks that may have flown under your radar.
It's a seller's market -- and a lack of housing inventory could make it a prime time to unload a smaller home.
(Bloomberg) -- Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout.The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 billion in payments from retail power providers and others after a deep winter freeze caused energy prices to skyrocket. The grid operator, known as Ercot, managed to cover part of that debt by transferring $800 million in revenues from another market but remains $1.3 billion short, according to a notice.If Ercot can’t come up with the rest, the debt could end being shared by everyone in the market -- even consumers. That may prompt lawmakers to step in and make up the difference, said Evan Caron, chief strategy officer of energy technology firm ClearTrace and a former Ercot trader.“Someone is going to need to pay,” Caron said in an interview. “I’ve never seen anything like this before.”Ercot did not immediately respond to an inquiry into whether it plans to ask for a state bailout.Also See: Griddy Barred From Texas Power Market for Payment BreachThe shortfall comes after this month’s Arctic blast knocked nearly half of the state’s power generating capacity offline, causing electricity prices to jump to $9,000 a megawatt-hour and leaving some buyers unable to pay. The crisis plunged more than 4 million homes and businesses into darkness for days. Dozens died in the cold.The $1.3 billion shortfall that Ercot now faces is unprecedented, said Adam Sinn, power trader and owner of Aspire Commodities LLC.“In the past I have only seen a million-dollar shortfall -- so a billion dollar one is not even in the ballpark,” Sinn said.In addition to managing the grid, Ercot is a middleman for transactions between power plant owners and retail energy providers that buy their electricity. Under typical conditions, those transactions are settled every day. But the organization warned Wednesday that several retailers were in “payment breach” and that more could default. As a result, some generators haven’t been paid in full.“If there are massive bankruptcies among utilities, then there might be a need for a state intervention of some sort, like a bailout,” said Michael Webber, a professor at the University of Texas at Austin who serves as chief science and technology officer at French utility Engie SA. “The total tally will certainly be higher than $2 billion, and no one knows what the ultimate consequences will be because this is new territory for us.”Two public utilities told Texas lawmakers during hearings Friday that Ercot owed them money for power they produced during the crisis.“We are concerned that because of potential bankruptcy of retail providers we will not be paid,” said Terry Naulty, assistant general manager of Denton Municipal Electric.Several retail electricity providers, including Young Energy LLC and Spark Energy Inc., are disputing Ercot charges they incurred for so-called ancillary services, which help the grid operator maintain reliability on the system.Because the real-time price of electricity was set at $9,000-a-megawatt-hour for several days during the grid emergency, the cost of ancillary services skyrocketed, costing some companies tens of millions of dollars. Some retailers have asked the Public Utility Commission of Texas to waive their obligation to pay those charges while their challenges are ongoing.Freepoint Commodities LLC has also appealed to the commission, saying they intend to challenge Ercot’s ancillary service charges and are concerned the grid operator lacks the liquidity to return any successfully disputed payments.On Friday, the grid operator announced it would cover part of the shortfall with $800 million in congestion revenues, money generated from trading bottlenecks on the grid that is supposed to be returned to consumers. Using congestion revenues will likely hit retailer margins, according to Caron.“They are going to have to figure out how to recoup those margins and if they are still alive and standing after this, anticipate the fixed-rate price contracts to go up for customers,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Joe Biden’s ambition to make the U.S. less dependent on other nations for rare earths and minerals critical to the clean energy transition will take years to accomplish.A review of the U.S. critical minerals and rare earths supply chain that the president ordered this week is likely to show that even with sweeping changes the nation is at least a decade from becoming self sufficient. That will mean turning to countries such as Canada, which has the the largest number of rare earth projects in the world, according to Gareth Hatch, managing director of Strategic Materials Advisors Ltd.“There’s far greater expertise in rare earths and critical minerals in Canada and Australia than there is in the U.S.,” said Hatch, who is also the CEO of Innovation Metals Corp., a subsidiary of Ucore Rare Metals, which has a rare-earth project in the U.S. “But the downstream markets are in the U.S., so it’s in the interest of all three countries to work together with the U.S. being the ultimate end market.”America lacks capacity to produce enough permanent magnets, needed to run the engines of everything from missile guidance systems to the wind turbines and electric cars at the center of the clean energy transition. Miners say it takes so long to get federal and state environmental permits, and that the process is so unpredictable and open-ended, that they struggle to plan new mines.Little CapacityThe U.S. has only one operational rare earths mine -- the Mountain Pass site in California owned by MP Materials -- with a handful of others a decade away from starting production. Right now, the mined ore all gets sent to China for processing, compared with China’s dozens of mines and hundreds of refining and separation facilities.The Defense Department awarded MP Materials contracts to fund processing and separation of rare earths, putting it on track to become the only U.S. company capable of doing so.“The supply-side response is always so slow compared to demand side events, so you absolutely have to start now for putting this capacity in place,” Hatch said. “The red tape associated with development of new minerals or mining projects in the U.S. has been pretty significant.”The Trump administration went some way toward speeding up permitting in July 2020, when it rewrote the way agencies scrutinize projects under the National Environmental Policy Act. But Biden is expected to either undo those changes or wait on the outcome of pending litigation.Biden’s order doesn’t specifically call for more domestic extraction, but lawmakers are gearing up for a fight. House Democrats say they support Biden’s goal of fortifying the nation’s supply chains, but not if it means more mining. Republicans counter that growing demand, especially for electric vehicles and renewable energy projects, can’t be met without more mining.To the argument that the U.S.’s reliance on imports from potentially hostile foreign nations like China creates a national security risk, Aaron Mintzes, senior policy counsel at environmental group Earthworks, counters that other nations will swiftly fill any voids. That happened in 2010, when China put trade restrictions on rare earth minerals, and Australia, Indonesia, Canada, and the U.S. almost immediately opened new mines.“Savvy investors hedge against future supply chain disruption risk,” Mintzes said. “The market has priced this in.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
You don't expect to make bank on chicken wings, Chinese online gaming sessions, or warehouse club shopping trips, but these unlikely companies offer some healthy long-term payouts if you're patient. Wingstop (NASDAQ: WING), NetEase (NASDAQ: NTES), and Costco (NASDAQ: COST) are currently yielding 0.4%, 0.9%, and 0.8%, respectively. There's a lot to like in Wingstop if you're a growth investor.