d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and used cars. The consumer price index, a key inflation gauge, rose 2.9% in July from a year ago, the U.S. Department of Labor reported Wednesday.
Environment
U.S. crude oil prices traded close to a three-week high Tuesday, after rallying on Monday in anticipation of an attack by Iran against Israel that could play havoc with Mideast production and transportation. “The oil market’s concern is that a broader conflict between Israel and Iran could cause oil supply disruptions in and around the
U.S. crude oil topped $77 per barrel on Monday, rising for the fifth day as the Pentagon dispatched more forces to the Middle East in anticipation of an Iranian attack on Israel. Defense Secretary Lloyd Austin ordered a carrier strike group, including F-35 warplanes, to accelerate its deployment to the region. Austin also ordered a
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | 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 need to know, no
A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023. Lauren Petracca | Bloomberg | Getty Images Tech companies are increasingly looking to directly connect data centers to nuclear plants as they race to secure clean energy to power artificial intelligence, sparking resistance from
U.S. crude oil futures staged a comeback Wednesday as the stock market rallied. The Dow Jones Industrial Average rose more than 400 points while the S&P 500 gained 1.5% after steep losses earlier in the week on recession fears. Crude oil stocks in the U.S. fell by 3.7 million barrels last week, while gasoline inventories
A truck carrying natural gas enters the Gaza Strip via the Rafah crossing with Egypt, hours after the start of a four-day truce in battles between Israel and Palestinian Hamas militants, on November 24, 2023. Said Khatib | AFP | Getty Images U.S. crude oil is on pace for a more than 3% gain for
GUANGZHOU,CHINA – NOVEMBER 24: A ZEEKR X is on display during the 2023 Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 24, 2023 in Guangzhou, Guangdong province of China. (Photo by Stringer/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images More Chinese electric vehicle brands are launching in Singapore
Passengers wait for their flights at Ben Gurion airport near Tel Aviv on August 6, 2024, amid regional tensions during the ongoing war between Israel and the Palestinian Hamas movement in the Gaza Strip. Gil Cohen-magen | Afp | Getty Images U.S. crude oil futures rose Thursday for the third straight day to trade above
We are selling 50 shares of Procter & Gamble at roughly $170.60 and buying 100 shares of Nextracker at roughly $40.84. Following the trades, Jim Cramer’s Charitable Trust will own 350 shares of PG, decreasing its weighting to 1.9% from roughly 2.15%; and 950 shares of NXT, increasing its weighting to 1.25% from 1.10%. We’re
In this article SPWR RUN Follow your favorite stocksCREATE FREE ACCOUNT A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022. David Paul Morris | Bloomberg | Getty Images Sunrun stock jumped nearly 14% on Wednesday as the rooftop solar installer sees
In this article .DJI Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors
In this article SPWR Follow your favorite stocksCREATE FREE ACCOUNT Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest
In this article .DJI Follow your favorite stocksCREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell in New York City on August 5, 2024. Charly Triballeau | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter.
In this article @RB.1 @LCO.1 @NG.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT A view of storage tanks and pipelines at the Shell Carson Distribution Complex, a distribution hub for petroleum products, in Carson, California, on March 11, 2022. Bing Guan | Reuters U.S. crude oil futures tumbled to a six-month low on Monday as
Nurphoto | Nurphoto | Getty Images The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to CoinGecko data.
Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. Despite that show of strength, shares of the industrial Club name were trading lower. Revenue in the second quarter increased over 8% year over year
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Images Chevron missed second-quarter earnings expectations, hurt by lower refining margins. The oil major also said Friday it is moving its headquarters from San Ramon,
The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | AP The Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The reactor in Covert, Michigan, about 70 miles of southwest of
Coterra Energy missed Wall Street expectations for sales and earnings in the second quarter. However, production volumes and more importantly cash generation both came in ahead of expectations. Revenue in the three months ended June 30 increased 7% year over year to $1.27 billion but came up short versus the $1.33 billion consensus forecast, according
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