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In this article Follow your favorite stocksCREATE FREE ACCOUNT Geely-backed Zeekr is releasing an electric SUV in direct competition with Tesla’s Model Y. Zeekr Electric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400. The Zeekr 7X,

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares soared 34% on Thursday and were on pace for their best day in almost three

Workers inspect the Repository in ONKALO, a deep geological disposal underground facility, designed to safely store nuclear waste, on May 2, 2023, on the island of Eurajoki, western Finland. Jonathan Nackstrand | Afp | Getty Images Finland is on the cusp of burying spent nuclear fuel in the world’s first geological tomb, where it will

Jaque Silva | Lightrocket | Getty Images Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results. Here’s how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 14 cents adjusted vs. 51 cents expected

Crude oil leaks from an oil pumping jack in an oil field in Russia. Bloomberg Creative | Bloomberg Creative Photos | Getty Images A political standoff in Libya risks once more paralyzing the north African country’s lucrative oil sector — but the frequency of its power tussles and crude disruptions have called long-term oil price

Brent Lewin | Bloomberg | Getty Images PetroChina Co. posted record operating profits for the first half of the year on the back of strong drilling output and higher oil prices, which allowed it to offset weak fuel demand in China. China’s largest oil and gas company posted a net income of 88.61 billion yuan

U.S. crude oil futures slipped to $77 per barrel on Tuesday, after surging in the previous session on OPEC member Libya halting production and exports. Libya produces about 1.2 million barrels per day with the overwhelming majority of its crude exported to the global market, with European nations serving as the main buyers. U.S. oil

The HyperCube utilizes advanced immersion cooling technology. Sustainable Metal Cloud The artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool. That’s an opportunity for data center company Sustainable Metal Cloud, which operates “sustainable AI factories” made up of its HyperCubes in Singapore

Crude oil futures gained nearly 3% on Monday amid reports of a production halt in Libya and after Israel and Hezbollah traded a barrage of strikes across the Lebanon border. Libya’s eastern government in Benghazi said Monday that oil production and exports in the North African country would shut down, amid a dispute with the

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners coming to the kingdom to take capital elsewhere. The kingdom’s $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to

In this article OUSM OUSA .SPX Follow your favorite stocksCREATE FREE ACCOUNT It appears more investors are eyeing dividend stocks ahead of the Federal Reserve’s interest rate decision in September. Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates. “Investors are moving back toward dividends

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they

The Strategic Petroleum Reserve (SPR) Bryan Mound storage facility located in Brazoria County, Texas, is one of four sites that make up the country’s oil reserve.  Str New | Reuters Crude oil futures rose more than 1% on Friday, but are on pace for a weekly loss as slowing demand in China weighs on the

As the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a report this week from the nonprofit watchdog group Public Citizen. The sum, approximately $119

Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after he pleaded guilty to two charges including conspiring to make unlawful U.S. political contributions, in New York City, Sept. 7, 2023. Brendan McDermid | Reuters Convicted former FTX executive Ryan Salame‘s domestic partner Michelle Bond has been indicted in New