Patrick Boyle On Finance Patrick Boyle

Europe’s largest oil and gas company Shell was accused in an investigative report from Greenpeace Canada of selling millions of carbon credits tied to CO2 removal that never took place.Let’s look at what Shell did, how carbon offsets work, and how environmentally beneficial they actually are.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page:...

The Société Générale Delta One Desk is back in the news after two traders were dismissed - accused of placing unauthorized risky options trades.Kavish Kataria – one of the traders in question - attacked the banks leadership with a LinkedIn post on Thursday saying the “entire risk team and other bosses” were equally responsible for the trades and complaining that his bonus had been withheld. The Delta One desk that Kataria worked on is the same trading desk where rogue SocGen trader Jérôme Ker...

Lina Khan's Federal Trade Commission is suing to block Tapestry's $8.5 billion acquisition of Capri Holdings, saying the deal would harm consumers by reducing competition and raising prices in the affordable luxury handbag sector.Monday's lawsuit challenges the proposed deal that would have Tapestry controlling Coach, Kate Spade, Stuart Weitzman, Michael Kors, Versace and Jimmy Choo.According to the FTC, the acquisition could have a negative impact on the millions of American shoppers who now...

Check out Eight Sleep and unlock $200 off using my link: https://www.eightsleep.com/boyle/ British stocks closed at an all-time high this week, but as exciting as a new all-time high might sound, the British stock market has been lagging US and European stocks since the Brexit referendum.A recent report from Goldman Sachs says that the British economy is 5% smaller than it would have been had it remained in Europe.The IMF last week listed the UK in its Fiscal Monitor publication as one o...

Saudi Arabia’s plan to build a 170km long, 500m tall, mirrored city in the desert, filled with 9 million people has been curtailed to 2.4km long.According to Bloomberg, Saudi Arabia’s government had “scaled back its medium-term ambitions” for Neom, of which The Line is the most significant sub-project.The Saudi government had hoped to have 9M residents living in The Line by 2030, but this has been scaled back to fewer than 300,000, according to the report.The curtailment of plans comes as Sau...

Sales growth of electric vehicles has slowed dramatically this year. Tesla delivered 20% fewer cars in the first quarter of 2024 than in the prior quarter, and BYD who was previously the world’s biggest EV maker saw sales decline more than 40% over the same period.BYD’s EV sales were still up 13% when compared to the same quarter a year earlier, while Tesla’s sales were down 9%. Both companies have been slashing prices to stimulate demand.While EV sales overall are still rising, they ar...