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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

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

The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England. Matt Cardy | Getty Images News | Getty Images LONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates. The British energy giant logged underlying replacement cost profit, used as a

World Trade Organization Director-General Ngozi Okonjo-Iweala opens the 2021 WTO Public Forum with a round table on Covid and trade, in Geneva, on September 28, 2021. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Fabrice Coffrini | Afp | Getty Images The World Trade Organization’s director-general warned that the ongoing

FTX founder Sam Bankman-Fried leaves US Federal Court in New York City on March 30, 2023. Kyle Mazza | Anadolu Agency | Getty Images FTX founder Sam Bankman-Fried resumed his testimony on Monday, and used his time on the stand to blame his former close friends and colleagues for the downfall of his crypto empire.

In an aerial view, the Valero Houston refinery seen on August 28, 2023 in Houston, Texas. Brandon Bell | Getty Images Oil prices dipped even after Israel sent ground forces into the Gaza Strip, raising tensions in the Middle East, as investors closely monitor the U.S. Federal Reserve’s monetary policy meeting later this week. Global benchmark

In this article CVX XOM Follow your favorite stocksCREATE FREE ACCOUNT Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Energy heavyweights Chevron and Exxon Mobil announced shiny new acquisitions this month — and some industry watchers say it could be the start of more multibillion megadeals to come. Chevron on Monday said

A worker cutting steel pipes near a coal-powered power station in China on Nov. 12, 2021. Greg Baker | AFP | Getty Images China changed the world’s energy system — and is set to do so again as a peak in demand for fossil fuels nears, according to the International Energy Agency’s Executive Director. Fatih

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023.  Amanda Perobelli | Reuters FTX founder Sam Bankman-Fried told jurors in his criminal trial on Friday that he didn’t commit fraud at his

Elevated bond yields and geopolitical uncertainty continued to be negative for stocks this week as the overall market moved into oversold territory. However, that set us up to put cash to work and make four small buys as our discipline mandates. We also upgraded one of our tech giants after it reported a stellar quarter