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Maxim Shemetov | Reuters Saudi state oil giant Aramco posted a 23% drop in net profit in the third quarter, down to $32.6 billion attributable to “the impact of lower crude oil prices and volumes sold,” the company said Tuesday. The third-quarter net profit result marked a steep decline from $42.4 billion the same time

An aerial view of Funafuti, Tuvalu, from 2019. Tuvalu’s Department of Foreign Affairs describes climate change as “one of the most existential security risks currently threatening” the country. Mario Tama | Getty Images News | Getty Images Australia and the South Pacific island nation of Tuvalu are to forge closer ties thanks to a new

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. equities climbed higher Friday, with the S & P 500 up 0.47% and the Nasdaq Composite up 0.74%. Both indices are on track to deliver gains for the

SEC Chair Gary Gensler mocks putting a gun to his head in response to a “Blazing Saddles” reference by Rep. Emanuel Cleaver, D-Mo., during the House Financial Services Committee hearing titled “Oversight of the Securities and Exchange Commission,” in Rayburn Building on Tuesday, April 18, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images

In this article SRG-IT AES IG-IT Follow your favorite stocksCREATE FREE ACCOUNT The past few years have seen a number of business leaders talk about blending hydrogen into natural gas infrastructure. Nicolas Economou | Nurphoto | Getty Images A host of solutions — including blending hydrogen into natural gas infrastructure — will be needed to

A wind turbine installation taking place in Germany on July 14, 2023. The International Energy Agency is calling for a surge in renewable energy installations over the next few years. Ina Fassbender | AFP | Getty Images The COP28 climate change summit is fast approaching, with a host of world leaders and high-profile public figures

In this article UBSG-CH AMZN MSFT Follow your favorite stocksCREATE FREE ACCOUNT People walk by the New York Stock Exchange (NYSE) on November 02, 2023 in New York City.  Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings

In this article UBSG-CH AMZN UBER MSFT Follow your favorite stocksCREATE FREE ACCOUNT Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, during a Bloomberg Television interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 25, 2023. David Paul Morris | Bloomberg | Getty Images

An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. Joe Raedle | Getty Images News | Getty Images U.S. crude prices on Tuesday fellow below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the Israel-Hamas war

Indicted FTX founder Sam Bankman-Fried arrives at the U.S. Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters Twelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony from nearly 20 witnesses. The case was handed to the jury

Zoom In IconArrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNY Over the past month, lawyers in the criminal trial of Sam Bankman-Fried have brought close to 20 witnesses to the stand and presented hundreds of exhibits to the 12 jurors who will decide the fate of the

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, January 3, 2023. David Dee Delgado | Reuters In Sam Bankman-Fried’s fraud trial, prosecutors won quickly by keeping it simple. Jurors needed

Sam Bankman-Fried stands as forewoman reads the verdict to the court. Artist: Elizabeth Williams Just before 8 p.m. on Thursday, 12 jurors found Sam Bankman-Fried guilty of all seven counts against him. You could have heard a pin drop in the courtroom as the forewoman repeated the word “guilty” seven times in a row into

A worker pushes his bicycle under a line of cable trolleys transporting coal in Uttar Pradesh, India, on Nov. 19, 2021. Money Sharma | Afp | Getty Images There’s little doubt that India has made progress in its transition to renewable energy. The country’s leaders have been optimistic about its path to net zero, making

Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023.  Israel Defense Forces | Reuters The Israel-Hamas war could have a significant impact on

Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP | Getty Images It’s been nearly four weeks since Israel declared war on Palestinian militant group Hamas, and as the conflict in Gaza enters the second stage, concerns of a

Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters The government is paying for pizza and Uber rides home for the 12 jurors in lower Manhattan who will decide the fate of Sam Bankman-Fried. In court on Thursday, U.S. District Judge Lewis

Despite a downbeat month for stocks and mounting macroeconomic uncertainty, several Club names outperformed the market in October — and landed in the green. While the S & P 500 had its third consecutive down month — weighed down in part by soaring yields on government bonds and a mixed start to third-quarter earnings season

Mads Nipper, chief executive officer of Orsted A/S, during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. The annual Davos gathering of political leaders, top executives and celebrities runs from January 16 to 20. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg

Picture taken on May 3, 2022 shows a general view of Slovakia’s largest mineral oil refinery Slovnaft in Bratislava, Slovakia. Joe Klamar | Afp | Getty Images Record high oil prices could be on the horizon in the event of a conflagration of the ongoing Israel-Hamas war, the World Bank cautioned. Should the conflict expand