BP is selling its North Sea business and operational assets, ending 60 years of production in the region. This move marks the exit of the last major energy company from the North Sea, following others like Shell and ExxonMobil. The sale is driven by declining reserves and high UK taxes, including a 38% windfall tax expected to last until 2030. BP CEO Meg O'Neill stated the sale allows BP to focus on higher-value opportunities globally, while maintaining commitment to the UK. The sale is expected to raise $1.75-$3 billion and highlights challenges for UK energy policy under the new government.
Bitcoin dropped to $77,189 after US Producer Price Index (PPI) inflation came in stronger than expected at 5.4%, pushing the probability of a Federal Reserve rate hike to 72%. Rising oil prices above $100 per barrel and climbing US Treasury yields ad...
In Q2 2026, the Baron Emerging Markets Fund gained 19.61%, underperforming its benchmark, the MSCI Emerging Markets Index, which rose 24.05%. Key contributors to the fund's performance included SK hynix, Taiwan Semiconductor, Samsung Electronics, Mon...
Arbor Realty Trust is under significant stress due to rising interest rates, with its common equity trading well below its reported book value. The company's profitability is declining because of increased real estate owned (REO) assets, impairments,...
Ademi LLP is investigating whether the $10.50 per share acquisition offer by Copart for ACV Auctions Inc. provides fair value to ACV's public shareholders. The investigation focuses on the adequacy of the price, benefits to company insiders, restrict...
MYR Group reported a strong Q2 with earnings per share rising 86% year-over-year to $3.17 and revenue increasing 20% to $1.08 billion, driven by record growth in its commercial and industrial segment and margin expansion. The company’s backlog reache...
