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☆ Oil prices edge higher, on track for 3% weekly gain
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged higher on Thursday, recouping some of the more than 1% losses from the previous session after U.S. crude inventories rose much more than estimated. Brent was on track for a 3.2% gain in the week, while WTI was set to rise 2.9%. Last week oil fell more than 7% on worries about Chinese demand and easing concerns about potential disruptions of Middle East oil supplies. Smaller-than-expected rate cuts will temper the reduction in borrowing costs, which in turn could affect economic activity and oil demand. Meanwhile, Israeli strikes pounded Beirut's southern suburbs on Wednesday and Hezbollah said it fired precision guided missiles for the first time at Israeli targets, keeping markets nervous about supply.

Persons: recouping, Brent, WTI Organizations: Brightoil Petroleum, Holdings, Brent, U.S, West Texas, U.S . Energy, Administration, Reserve Locations: Waidiao, Zhoushan, Zhejiang Province, China, Israel, East, U.S, Washington, Iran

☆ US businesses are suffering from election uncertainty — and it could be hurting the economy
▼ + stars: | 2024-10-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s helped push uncertainty among small business owners to an all-time high since the nearly 40-year inception of a monthly survey the National Federation of Independent Business conducts to gauge small business sentiment. The scale of firms whose investment plans are impacted by election uncertainty is “pretty remarkable” compared to prior elections, said Daniel Weitz, survey director at the Atlanta Fed. The Fed’s Beige Book, a quarterly collection of survey responses from businesses compiled by the 12 regional Fed banks published Wednesday, highlighted a wide range of businesses that are suffering because of election uncertainty. But the blowback that businesses are facing from the election uncertainty should subside once the policy path ahead becomes more clear, at which point we could start to see a rebound in hiring and capital investment businesses make, Meyer told CNN. The combination of these three major unknowns is shaping small business owners’ uncertain outlooks, said Holly Wade, executive director of the NFIB Research Center.

Persons: Kamala Harris, Donald Trump, That’s, ” “, Duke, Daniel Weitz, ”, hesitancy, Brent Meyer, Harris, Meyer, that’s, They’re, Holly Wade, “ We’re, Wade Organizations: New, New York CNN, National Federation of Independent Business, Reserve, Atlanta and Richmond Federal, Duke University’s Fuqua School of Business, Fortune, Atlanta Fed, Cleveland Fed, Fed, Richmond Fed, Dallas Fed, Trump, CNN, Federal Reserve, NFIB Research Locations: New York, ’

☆ CNBC Daily Open: Treasury yields are making a return, like an uninvited ex
▼ + stars: | 2024-10-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis 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 matter where they are. What you need to know todayThe bottom lineLike an unwelcome ex-partner who shows up during the most inopportune times and refuses to leave, Treasury yields too have made a return and are hogging the market limelight. It's not inconceivable, then, that the strong economy might prompt the Fed to slow down, or even hold back, its rate cuts. The stock market slumped as yields rebounded.

Persons: Brendan McDermid, Brent Schutte, Paul Hickey, Hickey, Wells, they'll, —, Jeff Cox, Lisa Kailai Han, Pia Singh, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, U.S . Federal Reserve, Fed, Northwestern Mutual Wealth Management, Dow Jones Industrial, Nasdaq Locations: TY, New York City, U.S

☆ Sudan: ‘The world doesn’t see us’, said a militia chief while holding Clarissa Ward captive in Darfur
▼ + stars: | 2024-10-23 | by ( Clarissa Ward | ) edition.cnn.com time to read: +12 min

North Darfur, Sudan CNN —“La tasweer! During our journey in and out of North Darfur, we spent many hours traversing the remote region on sandy tracks. During our time in North Darfur, we passed at least six cell phone towers but none of them were operational. “The world doesn’t see us, the help doesn’t come,” the security chief mused to me one afternoon. The security chief poses with Scott McWhinnie and Clarissa Ward after announcing the team would be released.

Persons: Sudan CNN —, hemming, Scott McWhinnie, “, we’re, ”, Brent Swails, “ What’s, Clarissa Ward, Abdul Wahid al, Tawila, Abu Gamra, Don’t, don’t, Scott’s, Ward, ” Michel Lacharité, mused Organizations: Sudan CNN, CNN, Sudan Liberation Movement, Sudanese Armed Forces, SAF, Rapid Support Forces, UN, Toyota Land Cruiser, US, Emergency Operations, Yale Humanitarian Research Locations: Darfur, Sudan, North Darfur, El Fasher, Tawila, El, Ukraine, Gaza, New York City, Abu, Port Sudan, Geneva, Adre, Chad, Zamzam

☆ Oil falls more than 1% on higher US crude stocks as market watches Middle East
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +3 min

Brent crude futures dropped $1.08, or 1.42%, to close at $74.96 a barrel. U.S. West Texas Intermediate crude futures shed 97 cents, or 1.35%, to settle at $70.77 a barrel. "The large crude oil inventory build this week is offsetting the drop last week. Also pressuring oil prices, the dollar index rose on Wednesday to its highest since late July. The impact of the crude stocks build on prices was countered somewhat by persistent concerns over potential oil supply risk from conflict in the Middle East.

Persons: paring, Andrew Lipow, Antony Blinken's, Blinken, Yeap Jun Rong Organizations: Brent, . West Texas, Energy Information Administration, Lipow Oil Associates, ING Locations: East, Israel, Gaza, Lebanon, Middle, U.S, Milton, Lebanese

☆ Oil prices trim Middle East war risk-gains, China demand remains a worry
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +3 min

Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. "Crude oil prices have been fluctuating in response to mixed news from the Middle East, as the situation alternates between escalation and de-escalation," Satoru Yoshida, a commodity analyst with Rakuten Securities. U.S. Secretary of State Antony Blinken headed to the Middle East on Monday seeking to revive talks to end the Gaza war and defuse the spillover conflict in Lebanon. China's oil-demand growth is expected to remain weak in 2025 despite recent stimulus measures from Beijing as the world's No.

Persons: paring, Brent, WTI, recouping, Satoru Yoshida, Antony Blinken Organizations: Brent, . West Texas, Rakuten Securities, International Energy Agency Locations: China, Iran, Gaza, Lebanon, Beijing, Saudi Aramco

☆ Meta's revenue has room to run despite all their AI spending, says Jefferies' Brent Thill
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's revenue has room to run despite all their AI spending, says Jefferies' Brent ThillBrent Thill, Jefferies analyst, joins CNBC's 'The Exchange' to discuss outlooks on Meta, why he's raising his price target on the stock, and more.

Persons: Jefferies, Brent Thill Brent Thill Organizations: Jefferies

☆ 2 of the world's biggest oil producers are looking for new ways to power their economies
▼ + stars: | 2024-10-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Oil prices ended down 7% last week and are lower this year-to-date, despite Middle East tensions. Oil prices have been depressed this year because China — the world's largest oil importer — is in a prolonged economic downturn. Last year, they each accounted for 11% of the world's oil supply. This means that Saudi Arabia is looking to corner a larger market share instead of targeting higher profit margins by restricting output. Advertisement"But the problem is when oil prices spike, it sends oil companies searching for temporarily profitable oil," he added, referring to the US shale boom as the most recent example.

Persons: —, Abishur Prakash, Prakash, Anton Siluanov, Matthew Huber, we're, Huber Organizations: Service, —, Financial Times, International Energy Agency, Brent, US West Texas, Syracuse University, Saudi, Trump, OPEC Locations: Saudi Arabia, Russia, China, Toronto, Israel, Iran, Europe, OPEC

☆ Looking for dividend stocks? Here are Morgan Stanley’s top Asia picks for the fourth quarter
▼ + stars: | 2024-10-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

As investors attempt to navigate volatile global markets, Morgan Stanley is reiterating its recommendation to buy dividend stocks. Morgan Stanley named the world's largest contract electronics manufacturer as its top pick. Shares of Hon Hai are traded on the Taiwan Stock Exchange and are included in ETFs such as the iShares MSCI Taiwan ETF (6.2% weight). Morgan Stanley has a 12-month target price of 270 New Taiwan dollars ($8.42) on the stock, giving it around 30% potential upside. Morgan Stanley has a target price of 8.76 Hong Kong dollars ($1.13) on the stock, implying around 43% upside.

Persons: Morgan Stanley, Morgan, Mogan Stanley, Hai, Brent, CNBC's Michael Bloom Organizations: Asia, Apple, Hai Precision, Taiwan Stock Exchange, New, Hong Kong, Brent, Shanghai Stock Exchanges Locations: Japan, Asia, Pacific, China , Hong Kong, Taiwan, New Taiwan, Hong Kong, U.S

☆ Elon Musk's $1 million giveaway may not be legal
▼ + stars: | 2024-10-21 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Elon Musk is giving away $1 million each day to a voter who signs a petition. AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, according to election law experts. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."

Persons: Elon Musk, —, Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, I'm, he's, Rick Hasen, Josh Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Musk's America PAC, Pennsylvania, Gov Locations: Harrisburg , PA, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles

☆ Oil prices steady after 7% weekly drop
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. That marked the contracts' biggest weekly declines since Sept. 2, on slowing economic growth in China and falling risk premiums in the Middle East. China on Monday morning cut benchmark lending rates as anticipated, part of a broader package of stimulus measures to revive the economy. Data on Friday had shown that China's economy grew at the slowest pace since early 2023 in the third quarter, fueling growing concerns about oil demand.

Persons: Brent, WTI, Joe Biden, Baker Hughes Organizations: Brent, . West Texas Locations: China, East, Israel, Iran, Beirut

AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, some election law experts say. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. According to the America PAC website, the giveaway program is "exclusively open to registered voters in Pennsylvania, Georgia, Nevada, Arizona, Michigan, Wisconsin and North Carolina. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."

Persons: Elon Musk, —, Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, he's, Rick Hasen, Hasen, Matthew Alvarez, Tucker, Alvarez, Trump, We're, Josh Shapiro, Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Rutan, DOJ, Musk's America PAC, Pennsylvania, Business, Gov Locations: Harrisburg , Pennsylvania, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles

☆ Trump aims for the stars as he links his campaign to Elon Musk's success at SpaceX
▼ + stars: | 2024-10-20 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

At a Pennsylvania campaign rally in early October, Trump said he wanted to see human exploration on Mars by the end of his potential second term. That sort of rhetoric, whether intentional or not, links Musk's significant technological success with Trump's own campaign. It remains to be seen, however, just how influential Musk's success at SpaceX, or his other companies, and his campaigning will be with voters who are still on the fence. SpaceXBut SpaceX's achievement and Musk's ties to Trump could give the former president added support with some undecided voters. "Elon Musk, who's having so much success driving things from the private sector, is a guy that wants success in the federal government."

Persons: Elon Musk, Trump, —, It's, Donald Trump, Elon, Ohio Sen, JD Vance, Trump's, Tesla, X —, he's, Kamala Harris, Harris, Max, Anna Moneymaker, Musk, Peter Loge, Loge, Vance, Walz, Musk's, Elizabeth Chartier —, Harris —, SpaceX's Organizations: SpaceX, Service, GOP, Trump, Trump " America PAC, School of Media, Public Affairs, George Washington University, Republicans, NBC, Independents, Philadelphia Inquirer, Biden Locations: Pennsylvania, Ohio, Philadelphia, Musk's, Folsom , Pennsylvania, America, Butler , Pennsylvania, Folsom

☆ Elon Musk is flexing his wealth and political power unlike any of the richest men before him
▼ + stars: | 2024-10-20 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Musk has also seeded at least $75 million into a pro-Trump super PAC. "Elon Musk is sort of a natural for Donald Trump, " journalist Roger Lowenstein, who wrote a biography about Warren Buffett, told Business Insider. Recently, Musk's company seized the @America handle to boost his super PAC. AdvertisementNone of the other recent wealthiest men have come close to Musk's super PAC spending. Bezos made the biggest splash in 2018 when they donated $10 million to With Honor, a super PAC that supported veteran candidates.

Persons: Elon Musk, —, Donald Trump's, Musk, Elon, Donald Trump, Roger Lowenstein, Warren Buffett, Timothy Mellon, Robert F, Kennedy Jr, Koch, Michael Bloomberg, Bill Gates, Jeff Bezos, Ciara Torres, Lowenstein, Buffett, Warren, doesn't, It's, Anna Moneymaker, Barack Obama, Sen, JD Vance, Trump's, Trump, Ken Vogel's, Obama, Steve Ballmer, Gates, John McCain, Hillary Clinton, Joe Biden, he's, Steve Pope, Harris, Biden, Melinda French Gates, Bezos Organizations: Trump, Service, PAC, America PAC, American, Stetson University, Alternative Energy, The New York Times, Citizens, Citizens United, Microsoft, Berkshire, Republican, Obama, Electoral College, Nebraska, Congressional, Musk's, Washington Post, Communist Locations: Pennsylvania, Butler , Pennsylvania, Omaha, Gates, Nebraska's

☆ We are 15 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-10-20 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +9 min

The presidential race remains razor close, with control of the White House at a coin-flip. AdvertisementIn just over two weeks, Election Day 2024 will be here — a final cap to a wild, at times unprecedented presidential fight that, for the moment, remains far too close to call. Noted election forecaster Nate Silver's model now shows Trump with an extremely slight lead in what continues to remain a toss-up race. Harris trolled Trump on Friday for being "exhausted," referencing a string of interviews he has reportedly walked away from. In the overwhelmingly conservative state, there's a swing district, the Omaha-based Nebraska 2nd.

Persons: —, Joe Biden, Kamala Harris, Donald Trump's, pollster Kristen Soltis Anderson, iecuUVyJ5e, Kristen Soltis Anderson, Harris, Mark Robinson, Nate Silver's, Harris trolled Trump, Trump, Barack Obama, Hillary Clinton, She's, Mark Cuban, Liz Cheney, Obama, Bruce Springsteen, Clinton, Bon Jovi, He's, It's, Melania Trump, night's Al Smith, Mike Pence, cohosts, Nikki Haley, Elon Musk, Musk, Spencer Platt, Mary, there's, There's, Biden, Trump's, Warren Buffett's Organizations: Service, White, Labor, RCP, Trump, Gov, The New York Times, Democrats, GOP, Capitol, Fox, Tesla, PAC, Getty, Pennsylvania, North Carolina —, Democratic, Electoral, Nebraska, Nebraska Republicans Locations: North Carolina, Wisconsin , Michigan, Pennsylvania, Michigan, Siena, Georgia, Des Moines , Iowa, Philadelphia, New York, Michigan , Pennsylvania, Wisconsin, Nebraska, Maine , Nebraska, Omaha, Minnesota , New Hampshire, New Mexico, Arizona

☆ Trump vows to deport millions. Builders say it would drain their crews and drive up home costs
▼ + stars: | 2024-10-19 | by ( Jing Feng | Nicole Acevedo | ) www.cnbc.com time to read: +5 min

"It would be detrimental to the construction industry and our labor supply and exacerbate our housing affordability problems," said Jim Tobin, CEO of the National Association of Home Builders. Brent Taylor President of Taylor Construction Group, Tampa, Fla.Nearly 11 million undocumented immigrants were living in the U.S. as of 2022, the latest federal data shows, down from an 11.8 million peak in 2007. The labor pool is tight already, with the U.S. construction industry still looking to fill 370,000 open positions, according to federal data. 'The math is just not there'There is evidence that foreign-born construction workers help keep the housing market in check. Undocumented workers would likely flee ahead of any national deportation effort, Hetrick said, even though many have been in the U.S. for well over a decade.

Persons: Mike Blake, Donald Trump's, Jim Tobin, Brent Taylor, Taylor, couldn’t, Stan Marek, Marek, Tobin, George W, Ron Hetrick, Hetrick Organizations: Reuters, National Association of Home Builders, Taylor Construction Group, Pew Research Center, NBC News . Industry, Sun, Companies, Bush Institute and Southern Methodist University, U.S Locations: Menifee , California, Tampa, Fla, U.S, Florida, Texas, Raleigh, Nashville, Houston, San Antonio

☆ New York Mets offense comes alive to force Game 6 of NLCS against Los Angeles Dodgers
▼ + stars: | 2024-10-18 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

This time it was the New York Mets who bombarded the Los Angeles Dodgers 12-6 to force a Game 6 in the NLCS best-of-seven series. #NLCS pic.twitter.com/fx3DxklRzx — MLB (@MLB) October 19, 2024The Dodgers would tack on a run in the second inning but that did not stop the New York offense from continuing to pile on the runs. A five-run third inning had Mets fans turning the stadium into one big party as the lead increased to 8-1. The crowd couldn’t get comfortable as the Mets lead was down to four in the bottom of the sixth inning. New York Mets fan dressed as Grimace celebrates the team forcing a Game 6 in NLCS.

Persons: Mets ’, Pete Alonso, fx3DxklRzx, Andy Pages, David Peterson, Reed Garrett, Garrett, Ryne Stanek, Shohei, Mookie Betts, Brent Honeywell Jr, Jeff McNeil, Stanek, “ Let’s, Edwin Diaz, Ohtani, Betts, Diaz, Rob Tringali, “, ” Diaz Organizations: CNN, New York Mets, Los Angeles Dodgers, Mets, Citi Field, Queens, MLB, Dodgers, Dodger, Fox Sports Locations: New York, York, LA, Los Angeles

☆ Trump judge's latest release of Jan. 6. evidence was heavily redacted. Here's what was included.
▼ + stars: | 2024-10-18 | by ( Natalie Musumeci | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

A federal judge has released additional evidence against Donald Trump in his election interference case. The release follows a previously unsealed motion with new evidence against Trump by special counsel Jack Smith. Trump tried to delay the release of Friday's court documents until after the 2024 presidential election. The collection is related to special counsel Jack Smith's 165-page bombshell motion that included a trove of new evidence against Trump in the case. Advertisement"That's exactly what I did," Bowers told committee member Adam Schiff during the June 19, 2022 interview.

Persons: Donald Trump, Jack Smith, Trump, —, Tanya Chutkan, Jack Smith's, Smith, Brad Raffensperger, Chutkan, Mike Pence, Anna Moneymaker, Mike Pence's, Joe Biden's, Rusty Bowers, Ross D, Biden, Bowers, Adam Schiff, Bower's Organizations: Trump, Service, United States, Georgia, Prosecutors, Former Arizona, AP, Arizona House

☆ Oil edges up, but on track for biggest weekly loss in over a month
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +2 min

Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Both contracts settled higher on Thursday for the first time in five sessions after data from the Energy Information Administration showed that U.S. crude oil, gasoline and distillate inventories fell last week. "Speculative positioning across the ICE Brent complex strengthened from historically low levels, on heightened geopolitical risk of a potential Israeli strike on Iran's oil infrastructure," Citi analysts said in a note. Citi expects global oil demand to slow to 900,000 bpd in 2025 from 1 million bpd this year on an economic slowdown and as more electric vehicles hit the road. The "potential impact of China's emerging economic stimulus plans on oil demand is uncertain, and more robust support may only result in a limited boost," it added.

Persons: Brent, WTI Organizations: Brent, West Texas, Energy, Administration, of, Petroleum, International Energy Agency, ICE, Citi Locations: San Joaquin Valley, McKittrick , California, OPEC, Israel, Iran

☆ 13 of tips for preparing and cooking potatoes that chefs think everyone should know
▼ + stars: | 2024-10-18 | by ( Cheyenne Lentz | ) www.businessinsider.com time to read: +9 min

Business Insider asked professional chefs to share some of their best tips for preparing potatoes. Business Insider asked two professional chefs to share the most important tips for cooking potatoes. "Of course, if there is one potato that could be called an 'all-purpose potato' it is the yellow potato," Halliburton said. "Choose a spot that is cool and dark with good ventilation, but forgo the refrigerator," Halliburton told BI. AdvertisementPeeled potatoes can be placed in cold water until they're ready to be cutTo keep them from browning, keep peeled potatoes in water.

Persons: —, Brent Hofacker, Jerry, Rainey, Shutterstock, Titus, Byron Halliburton, Halliburton, greening, It's, spud, you'll, browning, Palak Patel, they're, Patel, Matthew Mead, fryer, Hrecheniuk Organizations: Service, Business, BI, Institute of Culinary Education, AP

☆ Mark Cuban will campaign for Kamala Harris in 3 key swing states
▼ + stars: | 2024-10-17 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Billionaire Mark Cuban is hitting the stump for Kamala Harris. AdvertisementWhile former President Donald Trump turns to Tesla CEO Elon Musk, Vice President Kamala Harris has a billionaire of her own to help the campaign's home stretch. Harris will stump with billionaire investor and former "Shark Tank" star Mark Cuban on Thursday in Wisconsin. Cuban's campaign appearances come amid speculation that the billionaire might aspire to join Harris' administration if she wins the election. During a previous press call hosted by the Harris campaign, Cuban conceded that Gensler's actions remain an open wound.

Persons: Mark Cuban, Kamala Harris, Harris, —, Donald Trump, Elon Musk, Doug Emoff, Trump, Gary Gensler, Cuban Organizations: Service, Trump, Securities and Exchange, cryptocurrency, Cuban, Politico, SEC, Dallas Mavericks Locations: Wisconsin, Cuban, Harris, Arizona, Michigan, Butler , Pennsylvania

☆ Oil prices could soar 62% by early 2025 if the geopolitical situation deteriorates, Citi strategist says
▼ + stars: | 2024-10-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The price of oil could hit $120 a barrel by early 2025, according to Citi. AdvertisementOil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. The forecast is Citi's bull case for oil, which hinges on conflict in the Middle East escalating and sparking disruptions to supply. Oil prices could fall as much as 33%, Saudi Arabia's oil minister said in a recent conference call, adding that he believed OPEC+ producers were pumping too much oil.

Persons: —, Israel, Eric Lee, Lee, we're Organizations: Citi, Service, Brent, Yahoo Finance, United Arab Locations: Israel, Iran, Russia, Ukraine, Saudi Arabia, United Arab Emirates, OPEC, East, Saudi

☆ Trump complains to judge that Kamala Harris has used Jack Smith's evidence in ads
▼ + stars: | 2024-10-17 | by ( Natalie Musumeci | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Trump's lawyers argued in a court filing that evidence is being used in Kamala Harris ads. Trump's attorneys asked a judge to hold off on the release of documents until after the election. AdvertisementDonald Trump is fighting to delay another release of prosecutors' evidence in the 2020 election interference case against him. AdvertisementChutkan has previously admonished Trump's team for seemingly raising conspiracy theories in their arguments. Additionally, the court documents said that Trump replied, "So what?"

Persons: Donald Trump, Kamala Harris, —, Trump's, Jack Smith, Tanya Chutkan, Harris, Chutkan, Smith, Trump, Mike Pence, Pence, President's Organizations: Service, United States, Democratic, Trump, Politico, Business

☆ A US airstrike in the Middle East is meant to remind Iran that nothing is out of reach
▼ + stars: | 2024-10-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

It used B-2 stealth bombers to target the underground sites. AdvertisementThe US on Wednesday targeted underground Houthi militia weapons stores in Yemen using long-range B-2 stealth bombers, damaging the group's capacity to attack international shipping lanes. AdvertisementIsrael is still mulling how to respond to Iran's attack, with some, including former Prime Minister Naftali Bennet, advocating for strikes on nuclear sites. The Washington Post on Monday reported that Israel's Prime Minister Benjamin Netanyahu told US President Joe Biden Israel wouldn't target Iran's oil or nuclear facilities. On Thursday, Brent crude futures were down 4 cents to $74.18 as investors waited to hear about developments in the Middle East.

Persons: —, Lloyd Austin, Austin, Naftali Bennet, Austin's, they'll, Benjamin Netanyahu, Joe Biden Israel, Brent Organizations: US, Service, US Air Force, Hamas, Israel, Washington Post, Israel's, Brent Locations: Yemen, Iran, United States, Israel, Gaza, Red, Gulf

☆ Millennials on track to retire early are maxing out HSAs to supplement their savings. Here's who is eligible for this account and how to use it to grow your money.
▼ + stars: | 2024-10-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. You'll have to move your money from your HSA to your HSA investment account. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.

Persons: —, Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS

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