Oil strategist says the market could be caught off guard by a crude spike this summer
Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley’s Martijn Rats.
BP and Abu Dhabi National Oil Co. suspend major purchase in Israeli gas firm
The deal would have seen BP and Adnoc buy a 50% stake in the Israeli gas producer.
World’s first major act to regulate AI passed by European lawmakers
The European Union’s parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment.
Zara owner Inditex climbs to all-time high as 2023 sales jump 10%
Shares of Zara owner Inditex rose to an all-time high Wednesday after the company announced its full-year 2023 results.
From warning on nuclear war to ‘psychotropic drugs’: Here are 5 things Putin told the Russian media
In an interview with pro-Kremlin media published Tuesday, Russian President Vladimir Putin laid out his vision for relations with the West, war and peace.
Volkswagen says tough market to weigh on car sales growth in 2024
Volkswagen expects a 3% rise in its car sales this year, down sharply from 2023 amid a gloomy economic outlook and growing competition.
Adidas warns of falling sales in North America as it continues to sell off Yeezy inventory
Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its Yeezy inventory.
Ukraine war updates: Oil prices rise after drone attacks on Russian refineries; Russia ready for nuclear war, Putin says
Oil prices rose around 2% Wednesday after production disruptions at several major oil refineries in Russia, following Ukrainian drone attacks.
Recession-hit Britain swings to economic growth in January, helped by construction bounce
The U.K. economy entered a technical recession in the final quarter of last year.
CNBC Daily Open: Stubborn inflation is a problem for the Fed
Once again, inflation came in hot for a second straight month.
