Republican nominee for U.S. Senate Bernie Moreno addresses supporters at Brecksville Community Center on November 4, 2024 in Brecksville, Ohio. Stephen Maturen | Getty Images Crypto fans are celebrating the results of the Ohio Senate race, where blockchain entrepreneur Bernie Moreno has defeated Senate Banking Chair Sherrod Brown, a three-term incumbent, in a contest that
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Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives at court in New York, US, on Tuesday, Sept. 24, 2024. Michael Nagle | Bloomberg | Getty Images Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman
Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Source: NYSE Upstart, which uses artificial intelligence to inform online lending decisions, soared 46% on Friday, its best day in over three years. Toast, which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021.
In this article SQ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images During the crypto-crazed summer of 2021, when memecoins such as dogecoin and Shiba Inu were rocketing
Russell Hardy, chief executive officer of Vitol Services Ltd. Bloomberg | Bloomberg | Getty Images SINGAPORE — Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol, the world’s largest independent energy trader. “The petroleum, the oil business, we still think it will
Affirm, the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results. Here’s how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 31 cents adjusted vs. a loss of 35 cents expected Revenue: $698 million vs. $664 million expected Affirm reported gross merchandise volume (GMV) of $7.6 billion, topping the
Republican presidential nominee, former U.S. President Donald Trump, listens to a question as he visits Chez What Furniture Store which was damaged during Hurricane Helene on September 30, 2024 in Valdosta, Georgia. Michael M. Santiago | Getty Images News | Getty Images Donald Trump’s election victory on Wednesday sparked a palpable sense of dismay among
Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018. Luke Sharrett | Bloomberg | Getty Images U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning
Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Joe Raedle | Getty Images News | Getty Images As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them
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 Tuesday’s key moments. 1. Wall Street was rallying Tuesday as voters headed to the polls on Election Day. The Nasdaq was leading the charge, up 1.3%. The S & P 500 was up
A Wallbox EV charger for electric car is displayed during the “Mondial de l’Auto” at Parc des Expositions on October 15, 2024 in Paris, France. Chesnot | Getty Images News | Getty Images Silicon anodes appear to be leading the way in the race to commercialize next-generation battery technologies for electric vehicles. The buzz around
With one day to go until the U.S. general election, crypto companies have already poured tens of millions of dollars into the upcoming 2026 cycle. The pro-crypto and bi-partisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections. That $78 million includes more than
In this article TTE-FR Follow your favorite stocksCREATE FREE ACCOUNT Whoever wins the 2024 U.S. election should work to preserve America’s energy dominance rather than risk losing it, TotalEnergies CEO Patrick Pouyanne told CNBC on Monday. The U.S. is the world’s largest oil producer, accounting for 22% of the global total, according to the Energy
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT Jaap Arriens | Nurphoto | Getty Images Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The oil major’s quarterly profit, however, declined substantially compared to the year-ago period due to lower margins on refined product sales, lower prices
In this article XOM Follow your favorite stocksCREATE FREE ACCOUNT An Exxon gas station is seen in the Brooklyn borough of New York City on Oct. 6, 2023. Michael M. Santiago | Getty Images Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest production level in more than four decades. Here
The outcome of the U.S. presidential election on Nov. 5 won’t affect oil production levels in the short- to medium term, Exxon CEO Darren Woods told CNBC on Friday. Former President Donald Trump has called for unconstrained oil and gas production to lower energy prices and fight inflation, boiling his energy policy down to three
In this article D Follow your favorite stocksCREATE FREE ACCOUNT The Dominion coal burning power plant is seen in Saint Paul, Virginia on Tuesday, February 7, 2023. Community leaders in Southwestern Virginia are giving serious consideration to the idea of utilizing formerly mined coal sites to house small modular nuclear reactors. Mike Belleme | The
In this article Follow your favorite stocksCREATE FREE ACCOUNT ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. Chalinee Thirasupa | Reuters Chinese electric carmaker Zeekr said Thursday its deliveries surged by 92% in October from a year ago, helping the company clock its best month
In this article ZE594-CN TSLA Follow your favorite stocksCREATE FREE ACCOUNT New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. Yves Herman | Reuters Chinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp decline in crude prices and lower refining margins were partially offset
Nishad Singh, former director of Engineering at FTX Cryptocurrency Derivatives Exchange, left, and Claire Watanabe, former senior executive at FTX Cryptocurrency Derivatives Exchange, arrive at court in New York, on Oct. 30, 2024. Mackenzie Sigalos | CNBC Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday,
In this article PYPL Follow your favorite stocksCREATE FREE ACCOUNT A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. Shares were trading lower premarket.
U.S. crude oil rose more than 1% on Tuesday, one day after posting the worst daily loss in two years. Energy traders were relieved Monday after Israel’s long anticipated retaliatory strikes on Iran last Friday spared the Islamic Republic’s oil and nuclear facilities. The benchmark U.S. crude oil contract sold off more than 6%, or
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices and lower refining margins. The energy firm posted underlying replacement
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are holding onto gains to start the week. The only sector stuck in the red was energy as oil sold off. West Texas Intermediate
In this article TSLA KO MSFT AMZN META .DJI .SPX .IXIC .N225 JPY= @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange (NYSE) on October 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our
In this article 5KD-FF LILM Follow your favorite stocksCREATE FREE ACCOUNT German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s
With a historic presidential election just around the corner, Chevron CEO Mike Wirth told CNBC’s Jim Cramer what kind of government action is important for his company. “What really matters is consistent and coherent energy policy,” he said. “Affordable and reliable energy is essential to keeping inflation at a level that economies can handle —
JIUJIANG, CHINA – JUNE 17: A worker manufactures seamless steel gas cylinders for export at the workshop of Sinoma Science & Technology (Jiujiang) Co., Ltd. on June 17, 2024 in Jiujiang, Jiangxi Province of China. Wei Dongsheng | Visual China Group | Getty Images China’s steel exports will soon hit an eight-year high, before sweeping
The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company
In this article AMZN MSFT Follow your favorite stocksCREATE FREE ACCOUNT In this aerial view, the shuttered Three Mile Island nuclear power plant stands in the middle of the Susquehanna River near Middletown, Pennsylvania, on Oct. 10, 2024. Chip Somodevilla | Getty Images Nuclear power may be making a comeback in the U.S. after years
John Ketchum, chairman, president and chief executive officer of Nextera Energy, speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 8, 2023. F. Carter Smith | Bloomberg | Getty Images NextEra Energy is seeing strong interest from data center customers in restarting the Duane Arnold nuclear plant in
Liquefied natural gas (LNG) storage units. Dan Kitwood | Getty Images News | Getty Images The biggest influx of liquified natural gas (LNG) supply is coming online and it will transform the global market, bringing about wide and enduring effects, said RBC Capital Markets. “A wave of new LNG supply —the biggest yet— is set
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