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29d06/01

BP Starts Production at Trillion-Cubic-Foot Gas Prize In Azerbaijan

BP Plc.(NYSE:BP) has officially launched commercial production of natural gas from the deeper reservoirs of the Azeri-Chirag-Gunashli (ACG) block, Azerbaijan's largest oilfield. Additionally, the British energy giant is looking to expand its regional footprint by preparing to take over as the operator of the massive offshore Babek gas field. Energy market observers will view the dual aim here as significantly deepening Western energy integration in the Caspian Sea, strengthening Azerbaijan's rol

unclassifiedmiddle-east · russia · usa
29d06/01

If IRS makes ruling on BOXX will the ETF's price drop?

Right now BOXX ETF is operating in a gray area to reclassify short term capital gains into long term capital gains. If the IRS makes a ruling disqualifying the treatment of gains on BOXX as long term capital gains and recategorizes the gains to short term capital gains at either the fund or investor level, I think it's safe to assume overnight the fund would be sold heavily and AUM would drop drastically. If the AUM drops sharply, would the price of the ETF drop at all? Or would bid ask spread w

Socialunclassifiedsocial-signal
29d06/01war-conflict · 1/5

Neo-brokers have done more for social mobility than the political left

Neo-brokers have done more concrete social work in recent years than the political left. Before the outrage starts: I don't mean charity, but actually improving opportunities for normal people. For decades, the capital market in Germany was effectively a club for people with higher incomes, financial knowledge or a bank advisor. High fees, complicated deposits and minimum amounts have deterred many people. At the same time, wealth creation was po

Socialunclassifiedgermany · europe
29d06/01

Fans furious at Travis Scott’s 20-minute Istanbul debut set

US rapper Travis Scott angered fans in Istanbul after a performance that barely lasted 20 minutes, with the audience booing as he left the stage early on Monday, footage on social media showed. On his first tour of Turkey, the 35-year-old hip-hop star made his Istanbul debut late on Sunday and was to hold another event in the western Izmir resort on Monday. The Istanbul event was billed as “a performance that goes beyond a classic concert” with a limited audience of just 2,500 fans, according to

unclassifiedchina · asia
29d06/01

I have around 40k€ sitting in a savings account as an emergency fund. Is that too much?

As the title states, I have 40k€ sitting in a savings account in Scalable Capital, earning an annual interest of 2.5%. This money is intended as my emergency savings, but I feel like it is a bit too much. As an immigrant to the EU from a poorer country, we were always taught that real wealth is always kept in cash and I am afraid that I still carry this mentality with me. I am 30M, single with no significant dependents and a working professional with a stable job. I already invest 1000€ monthly

Socialunclassifiedeurope
29d06/01war-conflict · 1/5

Weaknesses in fundamentals vs cyclical trend

The market seems to punish and rewards stocks at different times. How to clearly distinguish between weakness between long term potential vs cyclical trends. What does current value in hdb, nike and abbot stocks indicate? Specifically, what differentiates the cyclical headwinds from temporary disruptions, and true long‑term impairment in a company’s business model. Using examples like HDB, Nike, and Abbott, how do you evaluate the underlying signals? submitted by /u/Aggravating_Way6077 [link] [c

Socialunclassifiedsocial-signal
29d06/01

Russia's $16 Billion Nuclear Deal With Kazakhstan Lacks One Critical Detail

When can a deal involving Russia be considered as done? When it comes to Russia’s agreement to build Kazakhstan’s first nuclear power plant, it is hard to determine. Kazakh officials announced almost a year ago that Russia’s nuclear energy entity, Rosatom, would build Kazakhstan’s first nuclear plant on the shores of Lake Balkhash. Yet on May 28, Russian leader Vladimir Putin, on a state visit to the Central Asian country, signed an agreement covering the “basic principles and conditions of…

unclassifiedmiddle-east · russia · usa
29d06/01

British Sikh man jailed for life for student killing in Southampton

A UK court on Monday jailed a British Sikh man for life for killing a university student in a case that sparked anger after police handcuffed the dying victim following a false claim of racial abuse. A judge at Southampton Crown Court sentenced Vickrum Digwa, a 23-year-old local resident, to life in prison with an obligation to spend at least 21 years in jail for the killing of 18-year-old student Henry Nowak on December 3. A jury on Friday found Digwa guilty of murdering the accountancy and...

unclassifiedchina · asia · usa
29d06/01

Are we REALLY two weeks away from running out of oil?

I've been seeing analyst after analyst saying that the oil reserves mostly of European and Asian countries are two weeks away from running out if no Iran deal is reached. This will cause prices everywhere to skyrocket. Thing is, I've been hearing this same thing for weeks. Regardless of politics or blame, is the other shoe ACTUALLY going to drop in about two weeks or is this the "weatherman effect" where it's just safer for them to predict the worst outcome just in case? If the worst case scenar

Socialunclassifiedeurope · iran
29d06/01

"Oil prices surge on reports that Iran has cut off communication with US" - Y!Finance

Link (to Yahoo Finance). Frankly, this doesn't surprise me in the least; although there has been talk of ongoing negotiations, I have no idea if those were face-to-face someplace, or just two strong-willed old men texting demands at each other. For discussion: what does someone smarter than I am, think this week's actions and consequences will actually be? (Example: I'm not smart enough to invest in oil or futures etc ... is anyone here really doing that? Howzit going for you?) submitted by /u/D

Socialunclassifiediran
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