OPEC+ just made the Fed’s job more complicated. Here’s what it did — and what could be next
Several OPEC+ members’ decision to further cut oil supplies adds to the global challenge of reining in firm inflation rates.
‘Miracle’ drugs could remake the weight loss industry
A report by the World Health Organization in 2022 showed that obesity has nearly tripled since 1975. More than 1 billion people are clinically obese globally, of whom 650 million are adults, 340 million are adolescents and 39 million are children. The …
Green transition won’t be perfect and we’ll need natural gas, World Energy Council CEO says
“We can’t let perfection be the enemy of the good in this, right?” the CEO of the World Energy Council said at a CNBC-moderated discussion.
China Renaissance delays results, halts trade citing star dealmaker’s disappearance
Bao, who is also CEO, started the bank in 2005 with a two-person team, seeking to match startups with venture capitalist and private equity investors.
Morgan Stanley just revealed its best long-term stock picks in Europe
Morgan Stanley expects the companies that made its “35 for 2025” list to see stronger revenue growth and profit growth than the broader market.
Bomb kills Russian pro-war blogger in St. Petersburg café
Vladlen Tatarsky was killed by a blast on Sunday in what appeared to be the second assassination on Russian soil of a pro-war figure.
China’s March factory activity growth falters on weaker demand, survey shows
China’s factory activity growth stalled in March, weighed by slowing production and weaker global demand.
Oil prices surge 8% after OPEC’s surprise output cut; analysts warn of $100 per barrel
Oil prices soared as much as 8% on the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.
Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, according to company releases.
Metaverse could drive up profits — but most businesses may not be ready to invest yet
The metaverse has a great potential to drive up business profits but there’s a lack of proven success, a survey of industry executives by KPMG showed.
