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BP cuts over 5% of workforce to reduce costs By Reuters
By Ron Bousso LONDON (Reuters) -BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence in the energy giant. Around 4,700 employees and 3,000 contractor positions will be cut this year, BP (NYSE:) told Reuters. The cuts were…
The Poor Man’s Covered Call: Can We Use ITM Covered Call Strikes?
click ↑ 4 Featured What is the Poor Man’s Covered Call (PMCC)? This is a covered call writing-like strategy where LEAPS options are purchased instead of the actual stocks or ETFs and short calls are written against these long positions. LEAPS options expire approximately 9 – 24 months out. The technical term is a long…
Wholesale Used Car Prices Increased in July; Down 4.8% Year-over-year
by Calculated Risk on 8/07/2024 10:10:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in July Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in July compared to June. The Manheim Used Vehicle Value Index (MUVVI) rose to 201.6, a decline of 4.8% from a year ago. The seasonal…
Money and Me: Data Centered S-REITs; here is what you need to know – My Stocks Investing
21 November 2024 Money and Me: Data Centered S-REITs; here is what you need to know Join Michelle Martin as she explores the buzzing S-REITs sector with a focus on data centres! Hosted by Michelle Martin with guest Kenny Loh, REIT Specialist and Independent Financial Advisor, who starts with a surprising answer on who he…
Tata Steel Q3 update: India steel production rises 6% YoY to 5.68 million tonnes
Tate Steel India’s crude steel production jumped 6% year-on-year and 8% sequentially to 5.68 million tonnes aided by the commissioning of the 5 MTPA blast furnace at Kalinganagar in September. For 9MFY25, production rose 5% YoY to 16.2 million tonnes. Meanwhile, deliveries were the “best ever 3Q” sales at 5.29 million tonnes, a company filing…
