COP28 host UAE lashes out at ‘fake news’ on eve of the major UN climate summit
The UAE on Wednesday hit back at what it described as “fake news” designed to undermine its work as the host of the COP28 climate conference.
Elliott takes $1 billion stake in Phillips 66, seeks two board seats
Elliott’s push for board seats comes as Phillips has underperformed its competitors Marathon Petroleum and Valero with a higher operating expense per barrel.
OPEC+ oil producers head into meeting with quota unease and geopolitical risks casting a shadow
OPEC+ oil allies meet Thursday to decide policy over meetings overshadowed by internal strife, the imminent expiry of a Saudi supply cut and petropolitics.
Paris metro ticket prices set to almost double during 2024 Olympics
Tourists are set to pay almost twice the usual price of Paris Metro tickets during the 2024 Olympics that will take place in the French capital next year.
Watch CNBC’s full interview with Bridgewater Associates’ Ray Dalio
Bridgewater founder Ray Dalio, says what the U.S. needs is a “strong middle” and to bring together smart moderates to be able to make important reforms.
Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
Central banks having hiked interest rates at breakneck speed and those rates are set to stay higher for longer while the lagged effects set in.
Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate cuts
The market is getting ahead of the likely pace of U.S. interest rate cuts, according to IBM Vice Chairman Gary Cohn.
U.S. military aircraft crashes into ocean near Japan island with six on board, one confirmed dead, coast guard says
A U.S. military Osprey aircraft has crashed into the ocean near Yakushima Island in Japan with six personnel onboard, the local coast guard said.
CNBC Daily Open: AI schadenfreude is real
OpenAI rivals are courting its clients after the Sam Altman fiasco. The schadenfreude is real, but so is the intense competition in the burgeoning AI scene.
Pinduoduo transaction revenue surges 315% as Chinese consumers hunt for bargains
Pinduoduo on Tuesday posted more than 90% growth in third-quarter revenue, outpacing that of Alibaba, as consumers increasingly look for bargains.
