US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. Olivier Douliery | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to … Read more
Justin Tallis | AFP via Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Stocks advanceU.S. stocks gained … Read more
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on January 31, 2024 in Washington, DC. The Federal Reserve announced today that interest rates will remain unchanged. Anna Moneymaker | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC … Read more
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more
The oil market will face a supply shortage by the end of 2025 as the world fails to replace current crude reserves fast enough, Occidental CEO Vicki Hollub told CNBC on Monday. About 97% of the oil produced today was discovered in the 20th century, she said. The world has replaced less than 50% of … Read more
A driver pumps gas at a Sunoco gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images U.S. crude oil closed out the year more than 10% lower as bearish sentiment has taken over due to worries that the market is oversupplied from record production outside OPEC. … Read more
Israeli soldiers pictured on a tank at the Israel-Gaza border. Picture Alliance | Picture Alliance | Getty Images WASHINGTON — The Pentagon said Monday it is coordinating with U.S. defense titans to expedite the shipping of pending Israeli weapon orders as violence in the region escalates following a horrific weekend terror attack carried out by … Read more
An event logo displayed in the main conference hall at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates. The annual strategic energy conference runs from Oct 2-5. Bloomberg | Bloomberg | Getty Images Chief executives of some of the world’s largest energy companies on Monday sought to defend … Read more
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Picture courtesy Climeworks The U.S. Division of Vitality is investing as much as $1.2 billion in big vacuums that suck carbon out of the air in an effort to gradual international warming. So-called direct air seize, or DAC, is an rising know-how that has not scaled … Read more