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Bloomberg | Getty Images Oil prices on Friday rose 4% after the U.S. tightened sanctions against Russian crude exports, exacerbating supply concerns in an already tightly balanced energy market. International benchmark Brent crude futures with December expiry traded 3.9% higher at $89.34 per barrel at around 6:25 a.m. ET, while front-month November U.S. West Texas

Caroline Ellison, former chief executive officer of Alameda Research LLC, leaves Manhattan Federal Court after testifying during the trial of FTX CEO Sam Bankman-Fried, on October 10, 2023 in New York City.  Michael M. Santiago | Getty Images In an all-hands meeting on the evening of Nov. 9, 2022, Alameda Research employees gathered in a

In this article @SM.1 @S.1 @BO.1 GT Follow your favorite stocksCREATE FREE ACCOUNT Soybeans have become a cornerstone of American agriculture, contributing $124 billion to the U.S. economy in 2022, according to a study conducted by the National Oilseed Processors Association and the United Soybean Board. “Soybeans’ contribution to the U.S. economy is only increasing

Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg | Bloomberg | Getty Images The International Monetary Fund has raised its growth forecast for India, saying the country’s growth will remain strong in 2023 and 2024 — but analysts warn there will be headwinds

In this article XOM PXD Follow your favorite stocksCREATE FREE ACCOUNT Scott Sheffield, CEO of Pioneer Natural Resources. Adam Jeffery | CNBC Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in Hamas‘ war on Israel. “If Iran enters the war, we’re going to see much higher oil prices,

Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea’s research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles, California. Mario Tama | Getty Images California Gov. Gavin Newsom on Saturday gave the greenlight for the state’s

In this article BAC ENOG-GB Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during morning trading on July 06, 2023 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open

In this article BAC 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up

Lawyers for the U.S. Attorney’s office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Source: SDNY Sam Bankman-Fried has traded a luxury penthouse in the Bahamas for a decidedly different top-floor setting: a criminal courtroom in downtown Manhattan. He’s roughly 1,100 miles away

Saudi Energy Minister Prince Abdulaziz bin Salman addresses the opening session of the Middle East and North Africa Climate Week in Riyadh, on Oct. 8, 2023. Fayez Nureldine | Afp | Getty Images The influential Saudi and Russia-led oil producers’ alliance is preventively prepared to wait months for guidance from “real numbers” before adjusting policies

In this article VNDA Follow your favorite stocksCREATE FREE ACCOUNT EDITORS NOTE: Graphic content / TOPSHOT – A plume of smoke rises above buildings in Gaza City on October 7, 2023 during an Israeli air strike. At least 70 people were reported killed in Israel, while Gaza authorities released a death toll of 198 in

Palestinian Islamist group Hamas launched an unprecedented surprise attack on Israel on Saturday, the largest in decades. Gunman infiltrated areas of southern Israel from the Gaza Strip, with Israeli Prime Minister Benjamin Netanyahu declaring: “We are at war.” Dozens of people have reportedly been killed with hostages taken back to the Gaza Strip. Tel Aviv

With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials. We also added a former Club chipmaker to our Bullpen and upgraded a premium beer name to a buy rating. Finally, Friday’s market reversal helped us make good on

Witness Adam Yedidia answers questions during Sam Bankman-Fried fraud trial over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, October 5, 2023, in this courtroom sketch. Jane Rosenberg | Reuters Two of Sam Bankman-Fried’s former friends from MIT, who also worked at crypto exchange FTX while living with

From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel, gasoline or lubricants from Russia. Picture Alliance | Picture Alliance | Getty Images Russia’s government on Friday said it had withdrawn a ban on diesel exports delivered to sea ports via pipelines, removing a large chunk of restrictions it

Sam Bankman-Fried Trial appears at Federal Court in New York on Oct. 4th, 2023. Artist: Claudia Johnson Marc-Antoine Julliard typically trades cocoa beans. But in the spring of 2021, the London-based commodities broker decided to diversify into cryptocurrency trading. His platform of choice was FTX. Two years later, Julliard stood as the prosecution’s first witness

An off-shore oil platform off the coast in Huntington Beach, California on April 5, 2020. Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images It’s been a war of words and numbers between two major players in the energy industry – the International Energy Agency and OPEC – as they spar over

Pope Francis photographed on August 9, 2023, in Vatican City. Vatican Pool | Getty Images News | Getty Images Pope Francis issued a stark reminder about the effects of climate change on Wednesday, warning that “the world in which we live is collapsing and may be nearing the breaking point.” “Despite all attempts to deny,

The U.S. Ambassador to the United Arab Emirates Martina Strong believes the U.S. is unequivocally the most important foreign policy actor in the Middle East. Her comments come roughly one year after President Joe Biden threatened “consequences” for Saudi Arabia after the OPEC kingpin slashed oil production along with its allies against Washington’s wishes. Biden’s

Sam Bankman-Fried was sporting a fresh look at the first day of his trial Tuesday, with a spiffy new haircut reportedly given by a fellow inmate at the jail in Brooklyn where he’s been incarcerated since August over alleged witness tampering. The former CEO of bankrupt crypto exchange FTX was wearing a fresh-pressed suit, and