North Sea oil and gas production peaked years ago, but Total says development of the Culzean field shows there is plenty of life in the basin. The FT’s Mure Dickie goes offshore to take a look. ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Listen to our podcasts: https://www.ft.com/podcasts Follow us on Twitter: https://twitter.com/financialtimes Check us
Month: December 2022
Ever feel like everyone on the internet thinks just like you do? It’s likely because of a phenomenon called filter bubbles.
U.S. prosecutor Marshall Miller (C), William Nardini (R) and Kristin Mace attend a news conference in Rome February 11, 2014. Tony Gentile | Reuters Banks and other corporations that proactively report possible employee crimes to the government instead of waiting to be discovered will get more lenient terms, according to a Justice Department official. The
Thomas Barwick | Stone | Getty Images The share of retirement savers who withdrew money from a 401(k) plan to cover a financial hardship hit a record high in October, according to data from Vanguard Group. That dynamic — when coupled with other factors like fast-rising credit card balances and a declining personal savings rate
Inflation, geopolitical uncertainty and fears of a recession have undermined financial confidence across the board, according to a new report by Edelman Financial Engines. Less than one-quarter, or 23%, of more than 2,000 adults polled earlier this fall said they felt “very comfortable” about their finances. Fewer — just 12% — consider themselves wealthy, the
In this article RENT Follow your favorite stocksCREATE FREE ACCOUNT Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC As some shoppers think twice about purchases, Rent the Runway is getting a bump. The fashion rental and subscription company on Wednesday reported stronger quarterly revenue that beat expectations and raised its financial outlook for the
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached their lowest level in more than a year last month, as retail sales decline amid interest rate hikes, rising new vehicle availability
My days generally consist of some mixture of working on code, investigating issues, and attending meetings. Meetings dominate my Tuesdays (and usually only Tuesdays, thankfully), and the remainder of the week is split between debugging and coding. Issues identified generally become coding work, e.g., writing up a design doc, pushing a quick hotfix to a
Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday.
Tim Robberts | Digitalvision | Getty Images Coming up with enough money for retirement is a challenge for all workers. Women are more likely, at 50%, to say they’re behind, versus 35% of men, a new report from Goldman Sachs found. What’s more, 24% said they are “very behind schedule,” compared with 14% of men.
Luis Alvarez | Digitalvision | Getty Images Every investor looks to buy low and sell high, which sounds simple enough … until you try to actually put it into practice. The problem is that it’s seldom obvious when the highs and lows of a particular cycle will happen. Most of the time, that’s apparent only
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images After a series of crypto-collapses, scandals and bankruptcies, Americans’ views on cryptocurrency have soured sharply, with the
Thomas Barwick The deadline is fast approaching for mandatory retirement plan withdrawals, which may force some retirees to sell assets in a down market. But experts say there may be ways to reduce the negative effects. Required minimum distributions, known as RMDs, are yearly amounts that must be taken from certain retirement accounts, such as
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT Shares of Carvana plummeted by more than 40% during trading Wednesday after the embattled online used car retailer’s largest creditors signed a deal binding them to act together in negotiations with the company. The pact, as first reported by Bloomberg, includes creditors such as Apollo
This is how #whale #bones get cleaned behind the scenes at the #Smithsonian #museum. Watch the full episode of Colossal Collections here: https://youtu.be/H8IwPq77ebk
June 3 (Bloomberg) — What if if a table or a bridge could build itself? If researchers at the self-assembly lab at MIT have their way, parts will someday put themselves together. Skylar Tibbits shows Bloomberg what a self-assembling future could look like. (Source: Bloomberg) — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers
When Boxed made the decision to automate its New Jersey fulfillment center, CEO Chieh Huang wanted to be sure that there was still room for humans on the floor. But how long will those jobs last?
In this article THO TOL PINS CPB Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Revenue also beat consensus and the food producer said its results were helped by
Matthias Clamer | Getty Images Long-term wealth-building strategies should not be an all-or-nothing game. Yet videos on YouTube, TikTok or Instagram may sometimes tout seemingly urgent get-rich-quick schemes. “At the end of the day, if there is some misinformation that’s keeping people on the platform for a very long time, that video might get surfaced
Barry Sternlicht, founder, chairman and CEO of Starwood Capital Group. CNBC | NBCuniversal | Getty Images In Starwood Capital CEO Barry Sternlicht’s view, the Federal Reserve’s ongoing interest rate hikes are driving the U.S. economy straight into a recession. During a session of CNBC’s Financial Advisor Summit on Tuesday, Sternlicht said he thinks that an
Austin Wells loves to travel the world. But he doesn’t like long flights, jet lag or an unsettled routine. And that’s why, Wells, who is 28 and lives in San Diego, leased a residence on board a luxury boat that he will move into — and work remotely from — for at least three years
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines is reinstating its quarterly dividend that it suspended at the start of the Covid-19 pandemic in 2020, the latest sign of the airline industry’s recovery. The $54 billion in federal aid that airlines received to keep paying employees during the pandemic prohibited dividends and share buybacks,
In this article TOL SFIX SBNY PLAY MDB Follow your favorite stocksCREATE FREE ACCOUNT Cinder blocks sit in a pile near homes under construction at the Toll Brothers Inc. Jupiter Country Club housing development in Jupiter, Florida. Mark Elias | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. MongoDB —
Ascentxmedia | E+ | Getty Images The CEOs of some of the biggest American companies believe the economy may be heading for a recession. “It could be a hurricane,” JPMorgan Chase CEO Jamie Dimon said on CNBC’s “Squawk Box” on Tuesday morning. Yet financial advisors warn against too much certainty, or pessimism, over what’s next. ‘It’s possible
Milan2099 | E+ | Getty Images Long Covid is a chronic illness with far-reaching impact, both in terms of health and household finance. As many as 23 million Americans have suffered long-haul symptoms of Covid-19, according to the U.S. Department of Health and Human Services. But there are steps individuals and their families can take to blunt
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key lesson of the past year is that the world is not ready to move away from oil and gas as the dominant
Chris Ryan | Getty Images Investors are bracing for 2023 amid stock market volatility, rising interest rates and geopolitical risk — with many carrying recession fears into the new year. But despite economic uncertainty, financial experts point to timely opportunities, urging investors to put cash into the market, rather than leaving it on the sidelines.
In this article MDB Follow your favorite stocksCREATE FREE ACCOUNT Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares rose 27% in extended trading on Tuesday after the database software maker surprisingly swung to a profit. Here’s how the company did: Earnings: 23 cents per share, adjusted, vs. a loss of 17 cents
In this article UNP UAL GM WMT JPM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and