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The Phillips 66 Carson refinery is shown after the company said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California’s fuel supply, in Carson, California, U.S., October 17, 2024.  Mike Blake | Reuters U.S. crude oil futures extended gains on Tuesday, after rising nearly 2% in the

U.S. crude oil futures jumped more than 2% on Monday, reclaiming some of the losses from last week’s steep sell-off. The U.S. benchmark finished last week more than 8% lower as traders increasingly believe Israel-Iran tensions will not lead to an oil supply disruption in the Middle East. Prices rose Monday after China cut its

Chris Larsen, the co-founder and chairman of Ripple, contributed nearly $9.9 million to Future Forward in September, in addition to more than $800,000 to the Harris Victory Fund, according to FEC data compiled by Breadcrumbs crypto market and blockchain analyst James Delmore and independently verified by CNBC. Including Larsen’s August contribution of $1 million worth of

“Make Bitcoin Great Again” hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Former US President Trump used to be a crypto critic but in recent weeks adopted a much friendlier stance alongside the sector’s emergence as an influential player in the 2024 presidential election through

In this article .DJI UNH .STOXX GS BAC C @CL.1 @LCO.1 ASML NVDA AMD SMH .IXIC .SPX Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open,

U.S. Rep. John Curtis speaks during the Utah Senate primary debate for Republican contenders battling to win the seat of retiring U.S. Sen. Mitt Romney, June 10, 2024, in Salt Lake City. Rick Bowmer | AP SALT LAKE CITY — John Curtis, a Republican congressman from Utah, has become a favorite of the crypto industry

Marquee at the main entrance to BlackRock headquarters building in Manhattan. Erik Mcgregor | Lightrocket | Getty Images SALT LAKE CITY — A year ago, Samara Cohen believed there was so much pent-up demand for bitcoin that she and her team at BlackRock launched one of the first-ever spot bitcoin exchange-traded products in the U.S.

U.S. crude futures edged lower Wednesday to trade below $71 per barrel, after selling off steeply in the previous session on reports that Israel will not attack Iran’s oil facilities. The U.S. benchmark tumbled more than 4% on Tuesday, after Israel told the U.S. that it will limit its retaliatory strikes to military targets in

Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024.  Kevin Wurm | Reuters Donald Trump’s crypto project, World Liberty Financial, published a 13-page document Thursday that described its mission and how tokens can be allocated, and that indicated that the Republican presidential

Crude oil futures rose slightly Thursday after a four-day losing streak as fears of a supply disruption in the Middle East eased and a surplus looms over the market next year. Although Israel has held back from retaliating against Iran so far, the situation “could change at a moment’s notice,” said Aditya Saraswat, Middle East

Amazon Web Services CEO, Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon Web Services is investing over $500 million in nuclear power, announcing three projects from Virginia to Washington State. AWS, Amazon‘s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services

Avishek Das | Lightrocket | Getty Images The price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector. Bitcoin is up more than 9% over the last week and ether is up about 7%. Other popular coins have also rallied, with solana up close

(L to R) Eric Trump, former US President and Republican presidential candidate Donald Trump and Donald Trump, Jr. attend a remembrance ceremony on the 23rd anniversary of the September 11 terror attack on the World Trade Center at Ground Zero, in New York City on September 11, 2024.  Adam Gray | Afp | Getty Images

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. Stocks dropped Tuesday after the S & P 500 started the week with a record-high close. Club chip stocks Nvidia and Advanced Micro Devices declined early on a Bloomberg

Collect Trump Cards Source: Collecttrumpcards.com With shares of his nascent social media business in the midst of a sharp rebound and with just three weeks until the presidential election, Donald Trump is bringing his latest proposed money-making endeavor to market, this time in crypto. On Tuesday, the former president and current Republican nominee aims to

A Russian-chartered oil tanker in the sea off Morocco in an area identified by maritime technology company Windward as a hub for smuggling oil. Europa Press | Getty Images Recent data shows the discount on Russian oil narrowing and exports increasing despite the G-7 price cap on Russian petroleum exports and U.S. sanctions. According to

Pippa Stevens | CNBC GREENPORT, N.Y. – Roughly 35 miles off the east coast of Montauk, New York, 12 turbines gently spin in the wind at Orsted’s newly developed South Fork Wind farm. The project, which connected to the grid earlier this year, is the first commercial-scale offshore wind farm in the U.S., providing enough

The global economy is entering a “dangerous time” like never before as Middle East tensions remain elevated, said S&P Global’s vice chairman Daniel Yergin. Since the Israel-Hamas conflict began on Oct. 7 of last year, the oil market has experienced minimal disruptions, with prices remaining under pressure as a result of increased U.S. production and

Nearly 16% of gas stations in Florida had run out of fuel as of late morning Tuesday as people flee north to escape the path of Hurricane Milton, according to data from GasBuddy. Many stations simply can’t keep up with gasoline demand as millions of Floridians collectively evacuate, said Patrick De Haan, head of petroleum

U.S. crude oil on Friday was on pace to eek out its second weekly gain in a row as Israel prepares to retaliate against Iran. The U.S. benchmark has gained 1% this week, while global benchmark Brent is ahead 0.8%. Oil prices have gained more than 10% through Thursday’s close since Iran hit Israel with

In this article .DJI META PANW NVDA .SPX RBLX GM @LCO.1 @CL.1 DGE-GB RI-FR MC-FR .STOXX .IXIC Follow your favorite stocksCREATE FREE ACCOUNT A view from the Alaska Bootanical Park, fall, Halloween and harvest season themed version of the Alaska Botanical Park with special displays, inside the Far North Bicentennial Park, Alaska, United States on

Honeywell stock received a rare downgrade from JPMorgan on Thursday. It’s the first time in more than a decade that analysts at the firm lowered their rating. The news JPMorgan cut Honeywell to neutral from buy, citing concerns about its newly announced materials spin-off . Shares of Honeywell were down roughly 0.6% after the call.

Crude oil futures drifted lower Wednesday after sliding more than 4% the previous day. The rally spurred by the risk of a wider Middle East war has stalled out amid uncertainty over how Israel will retaliate against Iran for last week’s ballistic missile strike. Chinese policymakers’ failure to deliver new economic stimulus measures at a

Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site.  Picture Alliance | Picture Alliance | Getty Images Sweden’s Northvolt on Wednesday said the head of its main plant, Europe’s first homegrown gigafactory for lithium-ion battery cells, will step down with

In this article GOOGL .IXIC @CL.1 @LCO.1 .SPX NVDA PANW META .DJI Follow your favorite stocksCREATE FREE ACCOUNT A man covering his head with Halloween pumpkin sits as trees’ leaves turns the colors of the autumn season at Central Park in New York, United States on October 30, 2023.  Fatih Aktas | Anadolu | Getty

Crude oil futures fell about 2% on Tuesday, as the rally on geopolitical risk took a pause while the market waits for Israel to strike back against Iran. “Oil can keep ascending only for so long purely based on perceptions and not actual supply disruption,” Tamas Varga, an analyst at oil broker PVM, said in

In this article @LCO.1 @CL.1 2317-TW .STOXX SMCI .IXIC .DJI .SPX Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international

A worker unloads a 24-kilowatt Generac home generator off a truck at Captain Electric on February 18, 2021 in Orem, Utah.  George Frey | Getty Images Shares of backup power generation company Generac Holdings surged more than 7% on Monday as Hurricane Milton rapidly strengthened into a Category 4 storm. Milton is forecast to move

A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023.  Anadolu | Anadolu | Getty Images Oil markets are being too complacent given the risk of major supply disruptions in the Middle East,

The oil tanker ‘Devon’ prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs. U.S.

A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images Oil prices have jumped more than $5 a barrel since the

One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren’t as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA). He leads the company’s investing and business development. “High yield bonds and preferred stocks…

A general view of the Port of Kharg Island Oil Terminal in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu Agency | Getty Images Satellite imagery revealed a number of oil tankers vacating the waters around Iran’s key Kharg Island oil loading terminal, amid fears of an Israeli counterattack on Tehran’s energy infrastructure. “The