Bahrain: Two Men Arrested In Ma'ameer For Causing Public Disturbance
According to authorities, the individuals appeared to be under the influence of intoxicants. One of the men reportedly damaged several parked cars, while the other was seen struggling to walk and staggering across the road, posing a risk to himself and others.
The police responded promptly to the situation and took the necessary legal actions against both men.
Officials have reminded the public that any disruptive or dangerous behavior, especially under the influence of substances, will be dealt with seriously in order to maintain public safety.
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Yahoo
20 minutes ago
- Yahoo
Energy Transfer Playing The Long Game While Everyone Else Panics
Energy Transfer (NYSE:ET)'s share price was under pressure from the broader market since early 2025. This is one of those stocks that doesn't make headlines like the flashy tech companies, but is quietly building something huge while most investors are looking for the next AI company. In this article I'll analyze ET in light of recent developments and give my investment decision. Pipeline Empire Getting Bigger Warning! GuruFocus has detected 8 Warning Signs with ET. ET has one of the biggest networks in America when it comes to energy. I'm talking about over 125,000 miles of pipeline that crosses more than 30 states. That shows that ET is a company that is essentially the American energy's circulatory system. The first thing I want to touch on is how their volumes are growing overall. Interstate natural gas volumes are increased by 3% in Q1 2025 and reached a new partnership record, while crude oil shipments are up 10%, NGL shipments are up 4% and NGL exports are up 5%. Those are some really big numbers and we can clearly see the huge amount of energy that's flowing through their system every day. Before starting the year ET announced that they made an investment decision for the Hugh Brinson Pipeline which is a $2.7 billion project. That project links the Dallas/Fort Worth area to the Permian Basin. They say that the first phase will be able to handle 1.5 billion cubic feet of water every day and will be fully operational by the end of 2026. There's Also An AI Effect These days any company I analyze has AI related to it. ET is no different. They said they will make their first business contract to send natural gas straight to a data center. They worked out an agreement with CloudBurst Data Centers to develop a building just for AI. The facility will produce roughly 1.2 gigawatts of power which is enough for 750,000 homes. Co-CEO Tom Long said ET got requests for potential connections from 62 power plants it doesn't currently serve in 13 states and 15 power plants it currently serves. It also received requests from more than 70 potential data centers in 12 states. Companies are lining up to connect to ET's network in order to meet the massive power requirements of AI. LNG Export Opportunity The Lake Charles LNG export project by ET is going forward now that it received permission from the government to export 2.33 billion cubic feet of natural gas every single day. Facility will have a liquefaction capacity (this means maximum amount of liquefied natural gas (LNG) that the facility can produce) of 16.45 million tons yearly and will be operational by December 2028. In April 2025, ET also signed a development deal with MidOcean Energy. We really need to discuss about that essential matter. Because MidOcean promised to pay for 30% of the building costs. ET definitely benefit from increasing global LNG demand. As Europe continues to reduce its reliance on Russian gas and Asian markets expand ET has very good opportunity to take advantage of that. Debt Management Energy Transfer's long-term debt is $59 billion in Q1 2025. This was 14% greater than the year before. That might sound scary, but the company produces a lot of money and uses it to grow instead of merely paying off debt. The debt/equity ratio is also 130%, which is very bad for a regular corporation. But I can say that it's a fair sum for a midstream company that requires a lot of cash. For example if you look at peers of ET you'll see that average debt to equity ratio is around %157. That's why I can say that %130 is pretty okay ratio for ET. Dividend Analysis I clearly see that ET was distributing dividends since its IPO but it doesn't have a stable dividend growth. Even though the average dividend growth is around 8.29%, it saw a maximum of 42% and a minimum of -42% YoY dividend change. When I consider that dividend growth will grow by 6% on average in the coming years with a linear regression calculation I think we will encounter a DPS of $1.79 in 2030. This indicates a yield on cost of 10.14% which I think is not bad at all. When I look at the dividend yield, I again see serious volatility rather than stability. I calculate that the dividend yield fluctuates around 11.76% on average. In addition to that the linear regression calculation indicates a dividend yield of 8.26% in 2030. In the scenario where the dividend per share is $1.79, a dividend yield between 8.26 - 11.76% indicates that the stock price will be between $15.2 - 21.7 in 2030. If I calculate dividend growth with CAGR instead of linear regression, I reach a slightly different result. The dividend growth rate over the last five years is 16.48%. If I assume that this growth rate will continue for the next five years, I predict that the dividend per share will be $2.80 in 2030. This again indicates a share price in the range of approximately $23.8 - 34 with the same dividend yield level. The dividend analysis indicates a worst-case dividend of $1.79 per share and a share price of $15 in 2030, while the best-case dividend of $2.80 per share and a share price of $34. Since this range is mostly above ET's current share price, I can say that the dividend analysis is giving a bullish signal for the stock. Revenue Growth Seems Steady When I look at ET's revenue, especially since the beginning of 2023, I don't see any particular trend, neither positive nor negative. The revenue, which was stable at $20 billion, continues to keep net income around $1.2 billion. Net margin was fluctuating quite steadily around 5.24% since 2021. If I assume that revenue will shrink by an average of 3.9% in the next quarter, as it has in every second quarter since 2022, I can expect a revenue of $20.21 billion. This revenue indicates that net profit will be announced at $1.06 billion with an average net margin of 5.24%. With the current shares outstanding, this also indicates an EPS of $0.31. I see analyst consensus of $24 billion for revenue and $0.31 for EPS. But my calculations suggest that this is below expectations and almost the same EPS. This isn't surprising given ET consistently reported less income than expected. It looks like it might do it again. In conclusion, I can say that I see stability in the financials in general. Even if there are below expectations reports the stability continues and there is no negative trend in sight. Valuations and Profitability ET currently stands at 11.86x forward P/E, above its historical average of 8.63x. At the same time, while it historically diverged negatively from the SP500 index's forward P/E by an average of 11.60x, this divergence is currently at -10.26x. So it can't be easily said that the stock is a cheap stock according to forward P/E analysis, but it doesn't appear to be seriously expensive either. Compared to Kinder Morgan (KMI), ET offers a higher dividend yield (7.43% vs. 4.17%) but more leverage. ET's 14.77% ROE beats KMI's 8.43%, while its forward P/E ratio of 11.86 is lower than Kinder Morgan's 22.07. ET's more aggressive growth strategy and higher leverage create more risk but also more upside potential compared to the more conservative KMI. Price Performance and Charting ET made serious lows in 2020 and 2021 due to COVID. But it recovered very well from these levels and especially in 2022 it rose above the Hodrick-Prescott filter that I use to determine the trend. After this process, the trend officially became bullish and ET ran to $20, testing these levels again for the first time since 2017. Even though it fell below $15 in early 2025, affected by the general market trend and international relations, it managed to recover again by finding support from this HP filter. Even though the stability of its financials supported ET's recovery very well, unfortunately there is not enough positive momentum. Especially the MACD shows that negative momentum is currently taking over the stock on the monthly time frame. When I go down to the weekly timeframe, I see that especially the 100 and 200-week weighted moving averages were in a bullish trend since mid-2022. But especially with the effects of the general market sell-off in the first half of 2025, the 200-week moving average seems to have been tested for the first time since 2020. It seems likely that ET, which couldn't find enough buying, will encounter a new negative momentum when looking at the MACD. This shows that ET will retreat to at least around $16. My thought here is that the financials and its position in the general market will help and support ET's price to remain at a certain level. Even though I don't think this uptrend will be easily broken, if it drops below $16 we can see ET fall to $13. Because $13 level is a support level. I still see the worst-case scenario as one where ET fluctuates between $20-13. In the positive scenario where it stays above the moving averages, I think the bullish trend will continue as long as the $20 level is broken. Risks Especially in the financials I see that ET is having difficulty fully translating its revenue growth into net profit growth. ET's PEG ratio of 0.91 may be pricing in overly optimistic growth assumptions that could disappoint the market. In addition to that I said that the company has a fee-based revenue model, but still 10% of it is inevitably exposed to volatile commodity prices. The fact that wars are currently on the agenda in the international arena increases the volatility of oil prices, which in one way or another creates potential threats or advantages to ET's production volumes. I think this issue should be monitored carefully. Finally, the fact that the volatility and instability in dividend growth are seriously high reduces confidence for dividend investors, while volume cuts may cause a dividend decrease of 42% as in 2020. ESG and Environmental Issues ET is working on emissions reduction initiatives, including its Dual Drive compression technology, which saved 789,908 tons of CO2 by 2023. They also invested in renewable energy projects and renewable natural gas initiatives, such as the Maplewood 2 Solar Project and the Eiffel Solar Project. But the company faces ongoing environmental scrutiny due to projects such as the Dakota Access Pipeline and traditional fossil fuel focuses. ESG-focused investors may continue to steer clear of the stock despite operational improvements. Bottom Line Energy Transfer is essentially a pick-and-shovel game for America's energy infrastructure. While everyone else is arguing about renewables vs. fossil fuels, ET is building the pipelines and processing facilities that transport energy across the country, regardless of source. The AI ??and data center boom are creating a huge new demand for reliable power and Energy Transfer's network is positioned to take advantage of it. The stock is unattractive, but it pays a 7.4% dividend that is well-covered by cash flow, trades at reasonable valuations and invests in projects that should drive growth in the coming years. Its debt load is manageable given its cash generation and recent acquisitions are already showing in volume numbers. The biggest risk is probably a major recession that crushes energy demand, but even then, Energy Transfer's diversified network and core infrastructure role provide some defensive features. The only negative is that in the short term, the technical data from the charting analysis is biased toward momentum, which could put ET's stock price in a somewhat sideways trend. This isn't a get rich quick story, but it is a solid dividend-paying infrastructure company that should compound returns over time as America's energy consumption continues to grow. I think it's a good long-term investment and I'm a long-term buy, although the chart shows some downside potential down to $16. This article first appeared on GuruFocus. Sign in to access your portfolio
The Sun
21 minutes ago
- The Sun
Lee Kum Kee Supports the 2025 Asian Championship of World Chinese Cuisine
HONG KONG, CHINA - Media OutReach Newswire - 29 July 2025 - The 2025 Asian Championship of World Chinese Cuisine, organised by the World Federation of Chinese Catering Industry, was held on 26th June 2025 at the Chinese Culinary Institute in Hong Kong, China. As the title sponsor, Lee Kum Kee provided contestants with its sauce products for use, empowering top chefs from across Asia in crafting exquisite dishes and compete for top honours. This marks the first time the competition being hosted in Hong Kong, China, drawing 70 teams of Chinese cuisine chefs from across Asia to showcase their culinary skills and foster expertise exchange. Each team was tasked with preparing one cold dish and two hot dishes within 90 minutes. A panel of professional judges evaluated the entries based on taste, creativity, presentation, and execution. Throughout the competition, the chefs tactfully incorporated a variety of Lee Kum Kee sauces into their creations, demonstrating the versatile applications of the brand's sauce products in professional settings. The event also served as a valuable platform for chefs to connect, exchange ideas, and elevate their culinary craftsmanship. Following the one-day intense battle, the results were revealed at the 'Lee Kum Kee Gala Dinner – 2025 Asian Championship of World Chinese Cuisine Awarding Ceremony'. The night brought together contestants, industry representatives and guests throughout Asia to enjoy a specially curated banquet featuring dishes made with Lee Kum Kee sauces and celebrate the achievements of winning chefs. Dodie Hung, Executive Vice President – Corporate Affairs of Lee Kum Kee said, 'Lee Kum Kee has always been working closely with culinary partners and chefs in supporting various cooking competitions and industry symposiums. We are thrilled to see chefs from across the region using our sauce products to curate delicious and innovative dishes in this prestigious competition. We look forward to continuing our collaboration with chefs to deliver superior Asian culinary experiences and promote Chinese culinary culture worldwide.'
The Independent
21 minutes ago
- The Independent
Who wants to be a millionaire? 1 in 10 Americans already is but the status loses its luster
As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn't afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year. But this summer, the 41-year-old hit a milestone that long felt out of reach: She became a millionaire. A surging number of everyday Americans now boast a seven-figure net worth once the domain of celebrities and CEOs. But as the ranks of millionaires grow fatter, the significance of the status is shifting alongside perceptions of what it takes to be truly rich. ' Millionaire used to sound like Rich Uncle Pennybags in a top hat,' says Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, a wealth management firm in El Segundo, California. 'It's no longer a backstage pass to palatial estates and caviar bumps. It's the new mass-affluent middleweight class, financially secure but two zeros short of private-jet territory.' Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood. A June report from Swiss bank UBS found about one-tenth of American adults are members of the seven-digit club, with 1,000 freshly minted millionaires added daily last year. Thirty years ago, the IRS counted 1.6 million Americans with a net worth of $1 million or more. UBS — using data from the United Nations, World Bank, International Monetary Fund and central banks of countries around the globe — put the number at 23.8 million in the U.S. last year, a nearly 15-fold increase. The expanding ranks of millionaires come as the gulf between rich and poor widens. The richest 10% of Americans hold two-thirds of household wealth, according to the Federal Reserve, averaging $8.1 million each. The bottom 50% hold 3% of wealth, with an average of just $60,000 to their names. Federal Reserve data also shows there are differences by race. Asian people outpace white people in the U.S. in median wealth, while Black and Hispanic people trail in their net worth. Barley was working as a journalist when her newspaper ended its pension program and she got a lump-sum payout of about $5,000. A colleague convinced her to invest it in a retirement account, and ever since, she's stashed away whatever she could. The investments dipped at first during the Great Recession but eventually started growing. In time, she came to find catharsis in amassing savings, going home and checking her account balances when she had a tough day at work. Last month, after one such day, she realized the moment had come. 'Did you know that we're millionaires?' she asked her husband. 'Good job, honey,' Barley says he replied, unfazed. It brought no immediate change. Like many millionaires, much of her wealth is in long-term investments and her home, not easy-to-access cash. She still lives in her modest Orlando, Florida, house, socks away half her paycheck, fills the napkin holder with takeout napkins and lines trash cans with grocery bags. Still, Barley says it feels powerful to cross a threshold she never imagined reaching as a child. 'But it's not as glamorous as the ideas in your head,' she says. All wealth is relative. To thousandaires, $1 million is the stuff of dreams. To billionaires, it's a rounding error. Either way, it takes twice as much cash today to match the buying power of 30 years ago. A net worth of $1 million in 1995 is equivalent to about $2.1 million today, according to the U.S. Bureau of Labor Statistics. A seven-figure net worth is, to some, as outdated a yardstick as a six-figure salary. Nonetheless, 'millionaire' is peppered in everything from politics to popular music as shorthand for rich. 'It's a nice round number but it's a point in a longer journey,' says Dan Uden, a 41-year-old from Providence, Rhode Island, who works in information technology and who hit the million-dollar mark last month. 'It definitely gives you some room to breathe.' No other country comes close to the U.S. in the sheer number of millionaires, though relative to population, UBS found Switzerland and Luxembourg had higher rates. Kenneth Carow, a finance professor at Indiana University's Kelley School of Business, says commonalities emerge among today's millionaires. The vast majority own stocks and a home. Most live below their means. They value education and teach financial responsibility to their children. 'The dream of becoming a millionaire,' Carow says, 'has become more obtainable.' Jim Wang, 45, a software engineer-turned finance blogger from Fulton, Maryland, says even if hitting $1 million was essentially 'a non-event' for him and his wife, it still held weight for him as the son of immigrants who saved money by turning the heat off on winter nights. The private jets he envisioned as a kid may not have materialized at the million-dollar threshold, but he still sees it as a marker that brings a certain level of security. 'It's possible, even with a regular job,' he says. 'You just have to be diligent and consistent.' The resilience of financial markets and the ease of investing in broad-based, low-fee index funds has fueled the balances of many millionaires who don't earn massive salaries or inherit family fortunes. Among them is a burgeoning community of younger millionaires born out of the movement known as FIRE, for Financial Independence Retire Early. Jason Breck, 48, of Fishers, Indiana, embraced FIRE and reached the million-dollar mark nine years ago. He promptly quit his job in automotive marketing, where he generally earned around $60,000 a year but managed to stow away around 70% of his pay. Now, Breck and his wife spend several months a year traveling. Despite being retired, they continue to grow their balance by sticking to a tight budget and keeping expenses to $1,500 a month when they're in the U.S and a few hundred dollars more when they travel. Hitting their goal hasn't translated to luxury. There is no lawn crew to cut the grass, no Netflix or Amazon Prime, no Uber Eats. They fly economy. They drive a 2005 Toyota. 'It's not a golden ticket like it was in the past,' Breck says. 'For us, a million dollars buys us freedom and peace of mind. We're not yacht rich, but for us, we're time rich.' ___ Matt Sedensky can be reached at msedensky@ and
