Oil prices extend slump on likely restoration of Libyan production, OPEC+ plans to raise output

Oil prices extend slump on likely restoration of Libyan production, OPEC+ plans to raise output

Oil pumpjacks operate as the Lake Fire burns in Los Padres National Forest with evacuation warnings in the area on July 6, 2024 near Los Olivos, California.  Mario Tama | Getty Images Oil prices extended declines during Asia trading hours, after a report that Libya’s oil production was set to be restored pressured prices overnight. … Read more

Asian chip stocks fall after Nvidia sell-off on Wall Street overnight

Asian chip stocks fall after Nvidia sell-off on Wall Street overnight

People walk past the logo of Samsung Electronics in Seoul on July 7, 2022. South Korea’s Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Jung Yeon-je | Afp | Getty Images … Read more

NFL season expected to spur record $35 billion in legal sports wagers

NFL season expected to spur record  billion in legal sports wagers

Joe Milton III #19 of the New England Patriots scrambles from the pressure of Kyu Blu Kelly #36 of the Washington Commanders during the third quarter of a preseason game at Commanders Field on August 25, 2024 in Landover, Maryland. Scott Taetsch | Getty Images Sport | Getty Images Football is back, and it’s expected … Read more

Huawei plans Sept. 10 launch event just hours after Apple iPhone launch

Huawei plans Sept. 10 launch event just hours after Apple iPhone launch

The Huawei flagship store and the Apple flagship store are seen at Nanjing Road Pedestrian Street in Shanghai, China, September 2, 2024.  Cfoto | Future Publishing | Getty Images Huawei said Monday it plans to hold a product launch event this month just hours after Apple‘s annual iPhone reveal as the Chinese technology giant looks … Read more

All cleared for a soft landing?

All cleared for a soft landing?

A customer pushes a shopping cart with bags outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | AFP | 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 … Read more

A new MIT study shows flying gets safer by the decade

A new MIT study shows flying gets safer by the decade

Airfare, departure times, flight length — these are the usual considerations for travelers who want to book a flight. But now, more are looking at a new factor: the aircraft itself.    One in five travelers said they are doing more research into the plane they may be flying on before they book, while slightly … Read more

Trump ‘disrespected’ Arlington cemetery for ‘political stunt’

Trump ‘disrespected’ Arlington cemetery for ‘political stunt’

U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. Brendan Mcdermid | Elizabeth Frantz | Reuters Vice President Kamala Harris on Saturday skewered former President Donald Trump for filming at the Arlington National Cemetery, accusing him of exploiting his visit for political purposes, which is prohibited. “Let me be clear: … Read more

How the CIA tries to recruit Russians to spy on their country

How the CIA tries to recruit Russians to spy on their country

The lobby of the CIA Headquarters Building in Langley, Virginia. Larry Downing | Reuters At the CIA’s covert training facility near Williamsburg, Virginia, commonly called “The Farm,” recruits are trained in the world of espionage and the many ways to get people to provide secret information. Jim Olson, the former Chief of Counterintelligence at the Central … Read more

FDA authorizes Novavax Covid vaccine targeting JN.1

FDA authorizes Novavax Covid vaccine targeting JN.1

A vial labelled “Novavax V COVID-19 Vaccine” is seen in this illustration taken January 16, 2022.  Dado Ruvic | Reuters The Food and Drug Administration authorized Novavax‘s updated protein-based Covid vaccine for emergency use in people ages 12 and up on Friday, paving the way for the shot to compete with Pfizer and Moderna‘s jabs … Read more

How data centers became billion dollar real estate investment

How data centers became billion dollar real estate investment

The U.S. is home to the majority of the world’s data centers, with more than 2,800. The closest nation after that is the United Kingdom, with less than 400, according to the Data Center Map. Data centers are the physical vertebrae of internet infrastructure, supporting cloud computing capabilities and artificial intelligence. The value of the … Read more