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Read previewUkraine attacked Russia's oil infrastructure after US officials advised them against targeting Russian oil refineries, Bloomberg reports. Russia's oil infrastructure took another hit as drones targeted refineries in the Samara region. The targeted refineries, both part of Rosneft PJSC's Samara region group, play a crucial role in Russia's oil production landscape. The strikes have targeted refineries, storage depots, and other key sites, exacerbating economic pain and raising fears of further escalation. Indeed, the refineries targeted in the Samara oblast last night are over 800 miles from Kyiv.
Persons: , Dmitry Azarov, Organizations: Service, Bloomberg, Business, US, Financial Times Locations: Ukraine, Samara, Russia, Rosneft, Russian
The gathering at Wat Bang Phra Buddhist temple is part of a Thai Wai Khru ritual where devotees pay homage to Luang Phor Pern, the temple's formal abbot, who died in 2002. He had a reputation for refining and popularizing the temple's Sak Yant tattoo style. The idea that tattoos confer magical powers has existed in many parts of Asia for thousands of years. The tattoos' magical power were on display during the ceremony where some devotees were in a trance state, or were shouting, running and had to be held back. "I was almost shot once, but the bullet didn't come out," he said, adding that the incident made him a believer of the tattoo's magical power.
Persons: Artorn Pookasook, Sak Yant, Luang, Petcharat Mothin, Monk Tuk, Napat Wesshasartar, Panu, Clelia Oziel Locations: PATHOM, Bangkok, Thai, Asia, Cambodia, Laos
The US has urged Ukraine not to strike Russian oil refineries, fearing it could drive up prices and prompt retaliation, reports say. Ukraine has ramped up its attacks in recent months, targeting Russia's energy infrastructure. Ukraine has ramped up its attacks on Russia's energy infrastructure in recent months, conducting long-range drone strikes on some of its biggest oil refineries. Russian Emergencies Ministry/ReutersShortly after the Financial Times report, a Ukrainian government official responded publicly, saying that Ukraine would continue to strike oil refineries. More than 10 major refineries and depots have been damaged, and oil prices have spiked in recent weeks.
Persons: , Biden, Olga Stefanishyna, Diego Herrera Carcedo, Torbjörn Törnqvist Organizations: US, Service, Financial Times, Russian Emergencies Ministry, Reuters, Anadolu Agency, Getty, Gunvor Locations: Ukraine, Washington, Russia, Ukrainian, Klintsy, Bryansk Region, Bakhmut, Donetsk Oblast, Dnipro
Deutsche Bank reiterates Charles Schwab as buy Deutsche Bank raised its price target on the stock to $77 per share from $75. UBS reiterates Boeing as buy UBS said the risks are already priced in for Boeing shares. Loop reiterates Best Buy as buy Loop said the electronics giant is a "stealth housing play." UBS reiterates Micron as buy UBS said it is standing by its buy rating on the stock heading into earnings on Wednesday. UBS upgrades Cognex to buy from neutral UBS said the systems software company is "high quality growth at a discount."
Persons: Goldman Sachs, Charles Schwab, Bernstein, , Redburn, Cooper, Jefferies, ZM, Mizuho, Baird, KeyBanc, Raymond James, Morgan Stanley, Stephens, Guggenheim, Wells, Wells Fargo Organizations: Nvidia, Deutsche Bank, Northern Trust Deutsche Bank, Northern Trust, Apple, Google, Barclays, Cooper Companies, Citi, Honeywell, Honeywell International Inc, Union Pacific Corp, Mizuho, UBS, Boeing, Micron, TEAM, Logistics, Industries, JPMorgan, Systems, Bank of America, Avis Budget, OW, Equity, Accenture, Starbucks Locations: Snowflake, 2H24E, Truist
Oil prices rise on tighter supply, geopolitical risks
  + stars: | 2024-03-18 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 10 cents to $81.14. Lower interest rates would stimulate demand in the U.S., supporting oil prices.
Persons: firming, Benjamin Netanyahu, Olaf Scholz, Tony Sycamore, Sycamore Organizations: Brent, U.S . West Texas, ANZ, U.S, U.S . Federal, IG, International Energy Agency Locations: Kasnodar, East, U.S ., U.S, Red, Brent
Ukraine attacked another Russian oil refinery on Saturday night. AdvertisementA long week of attacks on oil and gas infrastructureThis past week, Ukraine has made a concerted effort to degrade Russia's oil production capabilities. The governor of Russia's Samara Oblast reported on March 16 that Ukrainian drones had attacked two Rosneft oil refineries. One attack had hit another major oil refinery operated by Lukoil in the southwestern Volgograd region. Similar incidents had occurred across Russia in January, hitting the Slavneft-Yanos oil refinery, an oil refinery in Tuapse, a storage facility in Klintsy, and a Baltic sea Ust-Luga terminal.
Persons: , Ukrainska, Russia's, Andriy Yermak, Volodymyr Zelenskyy, Zelensky, Краснодарському кра РосВдео Organizations: Bloomberg, Service, Business, Astra, Ukrainska Pravda, Security Services, Security Service, Stringer, Anadolu Agency, Getty, Reuters, Staff, Lukoil, НПЗ Locations: Ukraine, Russian, Krasnodar, Moscow, Russia, Russia's Samara Oblast, Ryazan, Nizhny Novgorod, Leningrad, Lukoil's Norsi, Russia's Belgorod, Norsi, Ukrainian, Volgograd, Tuapse, Klintsy, Baltic
The S & P 500 and 30-stock Dow also were lower Friday, but have held up better than the Nasdaq for the week. Sector spotlight: There's a whole lot of red among S & P 500 sectors Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Dow, Jensen Huang, Jim, I've, Jensen, Jim Cramer's, Brendan McDermid Organizations: CNBC, Nasdaq, Microsoft, Apple, Adobe, Energy, Valero Energy, Bank of America, Marathon Petroleum, Phillips, Coterra Energy, VanEck Semiconductor, Nvidia, Broadcom, tailwinds, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: U.S, New York City
After treatment with targeted deep brain stimulation, she hopes to walk out soon and, for the first time in her adult life, live independently, in her own apartment. Doctors used a tube that led into her stomach through her nose to give her food and gave her fluids intravenously. Deep brain stimulation for severe obsessive-compulsive disorder helped Julia Hum earn her high-school equivalency certificate last year. Refining deep brain stimulationHum had a deep brain stimulator implanted in 2021. Deep brain stimulation can be life-changing, but it doesn’t work equally well for everyone, and researchers say they’re getting closer to understanding why.
Persons: Julia Hum, Hum, , Doctors, it’s, ” Hum, Andreas Horn, “ I’ll, I’ll, Darin Dougherty, didn’t, they’re, ” Horn, Sameer Sheth, , Sheth, Dougherty, “ It’s, she’s, Dr, Sanjay Gupta, “ Hope Organizations: CNN, General Hospital, Doctors, Mass General Research Institute, Baylor College of Medicine, CNN Health Locations: Massachusetts, Houston
This picture taken on Jan.12, 2024 shows onshore oil pumps in Tutong district in Brunei. Oil extended gains in Asian trade on Thursday after a surprise drop in U.S. crude stockpiles indicated strengthening demand, while possible supply disruptions following Ukrainian attacks on Russian refineries also underpinned prices. After seriously damaging Lukoil's refinery in Nizhny Novgorod on Tuesday, Ukraine hit refineries in the Rostov and Ryazan regions, Russian officials said. Two sources familiar with the situation told Reuters that the refinery had been forced to shut down two primary oil refining units. Gasoline inventories slid for a sixth straight week, falling by 5.7 million barrels to 234.1 million barrels, the EIA said, triple the expectations for a 1.9 million-barrel draw.
Persons: Vladimir Putin Organizations: Oil, U.S, West Texas, Rosneft's, Reuters, Energy Information Administration, EIA Locations: Tutong district, Brunei, Brent, Ukrainian, Nizhny Novgorod, Ukraine, Rostov, Ryazan, Rosneft's, Russian, Russia, U.S, Gulf
In 2021, I moved to Guanajuato, Mexico. Dixon posing in front of Grüner See, a lake in Styria, Austria Courtesy of Hannah DixonI'm American and British. Friends, who were fellow digital nomads, suggested we consider moving to Guanajuato, Mexico. Dixon and wife Kim Gorchs, on a colorful street in Guanajuato, Mexico. But I learned that renting a place to live in Mexico is a million times easier once you're on the ground.
Persons: , Hannah Dixon, It's, Dixon, it's, who's, Hannah Dixon I'm, Brexit, I, Kim Gorchs, I'd, I've, Animales, we've, we'll Organizations: Service, Virtual Excellence Academy, Business, Kansas City, National Institute of Migration, Facebook, Sun Locations: Mexico, Bangkok, New York, France, Budapest, Hungary, Guanajuato, Austria, Graz, Styria, Mexican, Kansas City, Kansas, Teotihuacan, Mexico City
Fossil fuels are the main driver of the human-caused climate crisis, and science shows deep, sustained reductions to emissions are required this decade. In an annual update on its energy transition strategy on Thursday, Shell said it will target a 15-20% reduction in net carbon intensity of its energy products by 2030 compared with 2016 intensity levels. Measuring emissions by intensity means a company can technically increase its fossil fuel output and overall emissions while using offsets or adding renewable energy or biofuels to its product mix. The company retired a previous target to reduce its carbon intensity by 45% by 2035. Shell also maintained its target to halve emissions from its own operations, known as Scope 1 and 2 emissions, by 2030, saying it had already achieved more than 60% of that target.
Persons: Shell, Wael Sawan’s, , , Backtrack, Mark van Baal, ” Shell Organizations: CNN Locations: , Paris, Singapore, Germany
Mars may be 140 million miles away, but its gravitational pull could be impacting Earth's oceans. Scientists at the University of Sydney in Australia believe the red planet's tug is creating "giant whirlpools" in the oceans called eddies, which can shift the deep-sea floor. This, they claim, is part of a 2.4-million-year climate "grand cycle" on Earth that has been ongoing for at least 40 million years. The red planet's orbit and ours are locked in an intricate dance, and every so often, these line up so that Mars' gravitational pull on Earth is just a little more intense — this is called resonance. This information is crucial when refining models helping us see how our planet's intricate climate will progress over time.
Persons: Adriana Dutkiewicz, NASA's, Dietmar Müller, Malin, Matthew England, Benjamin Mills, wasn't, Mills Organizations: Service, University of Sydney, Business, NASA's Goddard Space, geosciences, Nature Communications, Mars NASA, JPL, Systems, University of New, New, University of Leeds Locations: Australia, Japan, New, University of New South Wales, Sydney
DUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. It had reported a $161 billion profit in 2022, likely the largest ever reported by a publicly traded company. “The decrease mainly reflects the impact of lower crude oil prices and lower volumes sold, and weakening refining and chemicals margins,” the company said in its filing. The energy giant had planned a conference call Monday to discuss its results. The crown prince hopes to use the oil wealth to pivot the kingdom off oil sales, such as with his planned $500 billion futuristic desert city, called Neom, and other projects.
Organizations: United Arab Emirates, Sunday, Aramco Locations: DUBAI, United Arab, Saudi, Aramco
Saudi oil giant Aramco posts 25% fall in full-year profit
  + stars: | 2024-03-10 | by ( Dan Murphy | ) www.cnbc.com   time to read: +2 min
Artur Widak | Nurphoto | Getty ImagesSaudi Arabia's state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. Changing HandsThe earnings come after the Saudi government transferred an additional 8% of Aramco shares, worth $164 billion, to Saudi Arabia's Public Investment Fund (PIF). PIF already owned 4% of Aramco, and controls Sanabil, a financial investment firm, which owns 4% of Aramco as well. Aramco said total dividends of $97.8 billion were paid in 2023, up 30% from 2022. watch nowThe PIF's 16% state in Aramco, worth an estimated $328 billion, is set to strengthen its financial position and boost its ability to deploy capital to invest on behalf of the Saudi state.
Persons: Artur Widak, Amin Nasser, Yasir Al Organizations: Aramco, Saudi Arabian Oil Group, World Petroleum Congress, Nurphoto, Getty, Saudi, Saudi Arabia's Public Investment Fund Locations: Saudi, Stampede, Calgary, Canada, Aramco
And most important of all, how does a toilet work at 40,000 feet? Matthias Balk/dpa/picture alliance/Getty ImagesUsing water to flush airplane toilets is a no go because of aircraft weight restrictions. When you press the flush button, a valve opens at the bottom of the toilet bowl, connecting it to a pipe below. Airplanes have never deliberately shot their toilet waste into the atmosphere, not even in the old days, says Jones. The onboard air circulation of today isn’t just about keeping healthy – it also controls how passengers feel, especially on longhaul flights.
Persons: Al St, Germain, who’s, James Kemper, Matthias Balk, biggie, , Nigel Jones, Jones, it’s, that’s, , Martin Leissl, Nik Sennhauser, Jones –, bev, ” Kris Major, he’s, Don Buchman, – Buchman, Buchman, “ It’s, St Organizations: CNN, Delta, , Kingston University, UK’s Royal Aeronautical Society, Airlines, JAL, Al Nippon Airways, Oman Air, Boeing, Airplanes, British Airways, Bloomberg, Getty, European Transport Workers ’ Federation Joint, Viasat, Netflix, Pilots, JetBlue, Germain . British Airways, US, American Airlines, Environmental Protection Agency, Airbus Locations: St, London, It’s, Japanese, Oman, Antarctica, London’s Heathrow, Europe, what’s, North America, New York City, Madrid, Rio de Janeiro, New York, Atlanta, Dallas, Chicago, Iberia, Southwest
Black representation in the boardrooms of health care organizations remains insufficient to help meet the needs of the communities they serve despite modest progress made in recent years, according to a new analysis from the nonprofit Black Directors Health Equity Agenda. Among that group, 66% of Black board members were men and 34% were Black women. The report’s release coincides with a BDHEA summit convening in the nation’s capital this week that will focus on board diversity and other key issues of health equity. A similar diversity trend was found among the country’s top health care payers, such as insurers. A limited understanding of the value of diversity and key topics such as implicit bias, health equity, and the importance of addressing the social determinants of health.
Persons: , , , Deborah Phillips, , SCOTUS Organizations: Black, Health, , EY Center for Health Equity, , Association of American Medical, U.S, Supreme Locations: U.S
It has reignited the savior complex of Silicon Valley's biggest personalities too. AdvertisementThough some questions are being asked about how much of a case Musk has here, the whole saga has offered plenty of incentive to Silicon Valley's more opinionated leaders to moralize on the future of AI. The open option — in theory at least — champions AI models that are transparent about how they're trained and collectively developed by a global community of developers. (2) Big companies, small companies, independent developers, and open source communities should be free to pursue AI. But which side of the battle the rest of Silicon Valley's AI leaders fall on will be watched just as closely.
Persons: , Elon, Sam Altman's OpenAI hasn't, OpenAI —, they're, Meta, Sam Altman, Andrew Caballero, Reynolds, Marc Andreessen, Vinod Khosla, Andreessen, shouldn't, isn't, 2VqL6T5qZe, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, OpenAI, Business, Getty, Manhattan, Chinese Communist Party, Big Locations: China, San Francisco, jure
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. Elon Musk is suing Microsoft -backed OpenAI and its CEO Sam Altman, among others, alleging they abandoned the company's founding mission to develop artificial intelligence "for the benefit of humanity broadly." "To this day, OpenAI, Inc.'s website continues to profess that its charter is to ensure that AGI benefits all of humanity.' In reality, however, OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft," the lawsuit filing said. Musk's lawyers said in the lawsuit that OpenAI's focus on maximizing profits for Microsoft breaks that agreement.
Persons: Sam Altman, Elon Musk, Altman, OpenAI, Greg Brockman, Musk Organizations: Economic, Microsoft, San Locations: Davos, Switzerland, San Francisco
Musk, who co-founded OpenAI in 2015, has since left and has formed his own AI company, xAI. Musk is asking for a jury trial and for the company, Altman and co-founder Greg Brockman to pay back the profit they received from the business. But Altman, Brockman and Chief Scientist Ilya Sutskever in 2019 formed OpenAI LP, a for-profit entity that exists within the larger company’s structure. Musk’s complaint said that company and its partnership with Microsoft violated OpenAI’s charter, representing a breach of contract. “Where some like Mr. Musk see an existential threat in AGI, others see AGI as a source of profit and power,” the complaint stated.
Persons: CNN — Elon Musk, OpenAI, Sam Altman, ChatGPT, Musk, Altman, Greg Brockman, Brockman, Ilya Sutskever, Organizations: CNN, Microsoft, Locations: AGI
Elon Musk is suing OpenAI and its CEO Sam Altman. Musk accused the company's partnership with Microsoft of jeopardizing its non-profit mission. AdvertisementElon Musk is suing OpenAI and its CEO Sam Altman, claiming that the ChatGPT maker's partnership with Microsoft is jeopardizing its original non-profit mission. "OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft," lawyers for Musk argued. In January Microsoft CEO Satya Nadella said he doesn't have any issues with OpenAI's ownership structure and just wants the ChatGPT maker to have "good governance" rather than control of the company.
Persons: Elon Musk, OpenAI, Sam Altman, Musk, , Greg Brockman, Altman, Brockman, Satya Nadella Organizations: Microsoft, OpenAI, Service, Google Locations: OpenAI
As someone who worked as a Starbucks barista for over a year, here are some of the biggest red flags to look out for. It's not always wise to mobile-order a drink with cold foam or shaken espressoCold foam won't last that long on top of a drink. Mary Meisenzahl/InsiderCold-foam cold brews have boomed in popularity over the past few years — pumpkin cold foam, Irish-cream cold foam, almond milk-honey cold foam, the list goes on. A little mixing can taste nice, but you lose the texture of the cold foam, which is a delight in itself. The same principle applies to any shaken espresso drink.
Persons: Baristas, , aren't, Mary Meisenzahl, barista, I'm, It's, Ramin Talaie, Getty, it's, that's, Sarah Jackson, I've Organizations: Starbucks, Service
Bill Winters, Chief Executive Officer at the Standard Chartered Bank, attends a panel session of the World Governments Summit in Dubai on February 12, 2024. Ryan Lim | Afp | Getty ImagesStandard Chartered chief executive Bill Winters says environmentally conscious investing can be good for business, dismissing the impact of a U.S. crusade against mission-driven investments. In the United States, for example, Republican lawmakers have decried ESG as a form "woke capitalism" that seeks to prioritize liberal goals over investment returns. But one of the stats that I love is the biggest renewable power center in the United States is the state of Texas, right? Signage atop the Standard Chartered Plc headquarters building, center, in Hong Kong, China, on Monday, Feb. 19, 2024.
Persons: Bill Winters, Ryan Lim, ESG, Winters, CNBC's, Organizations: Standard Chartered Bank, World Governments, Afp, Getty, Standard, Democratic, Chartered Plc, Bloomberg Locations: Dubai, U.S, United States, Texas, Hong Kong, China
Don Henley and Glenn Frey followed a routine while writing some of the most emblematic and enduring songs of the 1970s. The men, who co-founded the Eagles, would rent a house and bring in a piano and guitars. The two would rise in late morning — “musician time,” Mr. Henley testified in a Manhattan courtroom on Monday. They would make coffee, then have “philosophical” conversations and begin trying out riffs and discussing “song titles, subject matters, concepts,” he said. Mr. Henley paid particular attention to lyrics, crafting and refining them on legal pads.
Persons: Don Henley, Glenn Frey, ” Mr, Henley, , Glenn Horowitz Organizations: Eagles Locations: Manhattan, Malibu , Calif, New York, Town
An example of a plastic single-use injector at Battelle, a research nonprofit working on refining and reducing plastic use and waste, in Columbus, Ohio. Credit... Andrew Spear for The New York Times
Persons: Andrew Spear Organizations: Battelle, Credit, The New York Locations: Columbus , Ohio
Read previewMartha Ellen Mabry remembers getting her hair cut as a kid at the local salon one of her neighbors owned. AdvertisementHere are two principles the entrepreneur followed that helped her build two thriving businesses without a business or finance background. Mabry launched her basement salon Headchop on a shoestring budget. Mabry didn't spend a dime on marketing Headchop. Advertisement"What makes a business truly work for a long time is the care that goes into it," Mabry said.
Persons: , Martha Ellen Mabry, Mabry, Alisha Wetherill Mabry, she's, that's, I've, Michelle Iorio, Hayley Carloni, they're Organizations: Service, South Carolina, Business Locations: South, Brooklyn , New York, NYC, Williamsburg, DevaChan
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