India isn’t overly dependent on anyone for oil — not even Russia, India’s Minister of Petroleum and Natural Gas told CNBC, adding that his country has diversified its sources. “India doesn’t get over dependent on anyone,” Hardeep Singh Puri told CNBC’s Tanvir Gill when asked if his country was too dependent on the Kremlin. Since
Environment
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle trades in other currencies — is still far away. “I would like to be able to transact everything in rupees. That’s my personal [view],” India’s
For the past year, Keneth Byarugaba has been working as a runner for Worldcoin in Uganda. His job is to get as many people as possible to scan their eyeballs into a big metallic orb in exchange for about $60 worth of cryptocurrency. Runners, who are paid a commission based upon how many Ugandans they
The Hywind Tampen project is located in waters off the Norwegian coast. Ole Berg-rusten | AFP | Getty Images A facility described as “the world’s largest floating offshore wind farm” was officially opened by Crown Prince Haakon of Norway on Wednesday, marking the culmination of a major renewable energy project years in the making. Located
The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, U.K., on Tuesday, March 15, 2022. Luke McGregor | Bloomberg | Getty Images Two founders of Tornado Cash, the widely known Russian cryptocurrency mixer, have been charged with laundering more than $1 billion in criminal proceeds. In a newly unsealed indictment,
FTX cryptocurrency exchange founder Sam Bankman-Fried, wearing prison clothing, stands between his attorneys Mark Cohen and Christian Everdell in Manhattan federal court where he plead guilty to seven criminal charges contained in a new indictment during a hearing before U.S. Magistrate Judge Sarah Netburn in New York City, August 22, 2023 in a courtroom sketch.
Nuclear power has been touted as a proven, safe way of producing clean energy, but why isn’t it more widely adopted? Sean Gallup | Getty Images News | Getty Images As the world pushes toward its goal of net-zero emissions by 2050, nuclear power has been touted as the way to bridge the energy gap
Cavan Images | Getty Images As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations. In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including an RS Automotive in Takoma Park, Md., and a Shell station in Fulham, England, have made a full switch. Location,
SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images) Zhong Zhi | Getty Images News | Getty Images A lead China official called for tighter
Since the CNBC Investing Club’s July Monthly Meeting, the stock market has seesawed up and then down on a slew of quarterly earnings results and inflation data. That’s left Wall Street struggling this month. Here’s a look at the best performers from the Club’s 36 holdings from the market close after the July 12 meeting
Here’s a rapid-fire update on all 36 stocks in Jim Cramer’s Charitable Trust, the portfolio we use for the CNBC Investing Club. Jim ran through each stock during our August Monthly Meeting on Thursday. Apple (AAPL) : Apple didn’t have a perfect fiscal third quarter at the start of the month, but it didn’t need be
In this article OIH SMH NVDA Follow your favorite stocksCREATE FREE ACCOUNT Drilling rigs sit unused on a companies lot located in the Permian Basin area on March 13, 2022 in Odessa, Texas. Joe Raedle | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter.
In this article HE Follow your favorite stocksCREATE FREE ACCOUNT A Mercy Worldwide volunteer makes damage assessment of charred apartment complex in the aftermath of a wildfire in Lahaina, western Maui, Hawaii on August 12, 2023. Yuki Iwamura | AFP | Getty Images Shares of Hawaiian Electric tumbled more than 35% on Monday amid Wall
Morgan Stanley’s decision Tuesday to boost its price target on XPO Logistics (XPO) to $65 a share, from $45, could signal a “new king” in the trucking-and-logistics industry, CNBC’s Jim Cramer said — even though he’s long been partial to Old Dominion (ODFL). Shares of XPO were trading down around 1% Tuesday morning, at roughly
In this article RWE-DE Follow your favorite stocksCREATE FREE ACCOUNT An aerial view shows wind turbines at RWE’s Scroby Sands Wind Farm, off the coast of Great Yarmouth, eastern England, on February 15, 2023. Daniel Leal | Afp | Getty Images LONDON — An offshore wind turbine in the North Sea caught fire Tuesday, with
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. U.S. stocks rose Monday, though they’re still having a rough August. Nvidia (NVDA), which has been slumping recently, jumped about 5.5% to start the week. Morgan Stanley reiterated Nvidia
FTX Founder Sam Bankman-Fried leaves from Manhattan Federal Court after court appearance in New York, on June 15, 2023. Fatih Aktas | Anadolu Agency | Getty Images Sam Bankman-Fried’s legal team is asking a U.S. district court judge to grant the former FTX CEO “uninterrupted access” to his daily prescribed medication while he is in
In this article OIH SMH Follow your favorite stocksCREATE FREE ACCOUNT An oil pumpjack pulls oil from the Permian Basin oil field on March 14, 2022 in Odessa, Texas. Joe Raedle | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks The U.S. Department of Energy is investing up to $1.2 billion in giant vacuums that suck carbon out of the air in an effort to slow global warming. So-called direct air capture, or DAC, is an emerging technology that has not scaled up
The U.S. government is deploying trillions of dollars of stimulus money into infrastructure investments, boosting the prospects for a number of industrials in the Club portfolio. On the back of Covid’s impact on the economy, President Joe Biden enacted a slew of domestic funding bills in a bid to help the nation recover from labor
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