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Energy
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U.S. crude oil edges lower after worst day in two years
29 October 2024Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.
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PayPal shares fall on revenue miss, soft guidance
29 October 2024PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.
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BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit
29 October 2024British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.
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AI boom thrusts Europe between power-hungry data centers and environmental goals
29 October 2024The growth in demand for AI could come at a cost to Europe's decarbonization goals as the specialized chips used by firms like Nvidia are expected to result in a rise in energy use of already power-hungry data centers.
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Oil sell-off fuels stock gains — plus, AMD earnings loom and CrowdStrike counters Delta lawsuit
28 October 2024Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
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CNBC Daily Open: Nasdaq hits all-time high even amid poor earnings growth
28 October 2024Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations.
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Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
28 October 2024Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom's Future Investment Initiative.
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U.S. oil posts worst day in two years after Israel spares Iran crude facilities
28 October 2024Oil prices lost ground on Monday after Iranian energy facilities were spared during an Israeli attack over the weekend.
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China's steel exports expected to falter in 2025 as pain from tariffs spread
25 October 2024Steel producers in China face a double-whammy of mounting overseas tariffs and weakened domestic demand at home.
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Chevron CEO says 'consistent and coherent energy policy' is what matters for the next administration
24 October 2024Chevron CEO Mike Wirth told CNBC's Jim Cramer what kind of government action is important for his company.