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☆ Oil prices could spike 20%, possibly double if Middle East conflict disrupts Strait of Hormuz
  + stars: | 2024-01-06 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +6 min
Shipping can be rerouted away from the Red Sea, but crude would be essentially trapped if the strait is shut down, Struyven said. A prolonged disruption in the strait could eventually double oil prices, he said. McNally thinks the market should be factoring in a $12 geopolitical risk premium in oil prices right now. Wirth told CNBC's Sullivan that Chevron is currently working with the U.S. Navy to protect its vessels transiting the Red Sea. "Hopefully, if it doesn't escalate further, we'll be OK — even if there has to be a wholesale diversion of shipments around the Red Sea," Granholm said.
Persons: you've, Daan Struyven, Goldman Sachs, CNBC's Brian Sullivan, Struyven, Bob McNally, McNally, Bush, Antony Blinken, Daniel Yergin, Yergin, Michael Wirth, Tehran's, Wirth, CNBC's Sullivan, Joe Biden's, Jennifer Granholm, Granholm, Israel, Benny Gantz, Gantz, Biden's, Bob Yawger, Yawger, Brent Organizations: Shipping, Rapidan Energy Group, National Security Council, P Global, Brent, Chevron, U.S . Navy, NBC News . Energy, Mizuho, Energy Information Agency, Gulf Locations: Red, Iran, Hormuz, Persian, Israel, Strait, Yemen, Danish, U.S, Lebanon, Beirut, Lebanese, Islamic Republic, The U.S, Europe, South Africa, United States, East
☆ How OpenAI’s leadership shakeup could further boost Microsoft's AI prospects and its stock
  + stars: | 2023-11-20 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +4 min
Microsoft's (MSFT) bold move to hire ousted OpenAI CEO Sam Altman after days of chaos will help the software and cloud giant widen its lead in artificial intelligence. Greg Brockman, another OpenAI co-founder as well as its president and chairman, also departed and joined Altman to lead a new AI effort at Microsoft. OpenAI, the company behind ChatGPT, is a key AI partner of Microsoft, which has invested billions of dollars in the startup. "A lot of people could be poached" from OpenAI, Jim speculated. Reception for Copilot, a generative AI tool for Microsoft 365 productivity apps, has also been very positive as well.
Persons: Sam Altman, OpenAI, Altman, Greg Brockman, I've, Jim Cramer, Jim, Brockman, Satya Nadella, Emmett Shear, Nadella, Jim Cramer's, Gary Hershorn Organizations: Microsoft, NBC, OpenAI, CNBC, NEW, Corbis, Getty Locations: OpenAI, NY, New York City
☆ 2 women chasing a climbing record across 14 mountains both died in avalanches on their last peak
  + stars: | 2023-10-12 | by ( Thibault Spirlet | ) www.businessinsider.com   time to read: +3 min
Two climbers vied to become the first US female to reach the peak of the world's 14 tallest mountains. They were hit by avalanches on their final peak in southern Tibet and died, per reports. AdvertisementAdvertisementGutu wrote about her adventures on Instagram, including mountain climbing, skydiving, and paragliding. In the post, she said the mountain was known to have a "curse" for female climbers. "I am happy to see that in recent years this curse has been broken by many female climbers," she said.
Persons: —, Anna Gutu, Gina Marie Rzucidlo, Shishapangma, Gutu, Rzucdilo, Christy Rzucidlo, Suzan Rzucdilo, Exped, Anna, Mingmar Organizations: Service, New York Times, Xinhua, Facebook, NBC Locations: Tibet, China, Shishapangma, Nepal, Pakistan, Romania, Albania, Italy, Japan
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