BP has abandoned its green ambitions in favour of ramping up fossil fuel production as its boss claimed that optimism over the pace of the green transition had been “misplaced”. In a major strategy shift, the energy company will increase its investment in oil and gas to $10bn (£7.9bn) a year while slashing more than…
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Name: Wealth signifiers. Age: We know from cave paintings and burial sites that Homo sapiens started to live a more settled life about 35,000 years ago – not just hunting and gathering, but trading, too. The ones who had the most tools, weapons, food and baskets were seen as the wealthy ones. A bit of…
England’s most polluting water provider “isn’t good enough” at trying to stop sewage dumping, its boss has admitted to MPs. The chief executive of United Utilities defended her £1.4m pay packet, including a £420k bonus, despite the company behind historic spills in Lake Windermere having been found to have polluted more than any other in…
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Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro Computer shares rallied 16% after the AI server company filed its delayed financial results by the Nasdaq’s deadline. The company’s auditor BDO wrote in…
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The home for sale at 377 Capron Ash Loop in Casselberry is pictured on Wednesday, Aug. 14, 2024. Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty Images Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume…
North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign. Jeff Greenberg | Getty Images TJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the off-price giant is still taking market share from department stores and other discounters as price-conscious consumers hunt for deals. The…
A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead. The company said it expects full-year total sales sales to range from $83.5 billion to $84.5…
