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The reboot, which premiered on the streamer in 2018, was initially hosted by Bobby Berk, Karamo Brown, Tan France, Jonathan Van Ness, and Antoni Porowski. November 13, 2023: Bobby Berk reveals he's exiting 'Queer Eye' after 8 seasonsBobby Berk announced his exit from "Queer Eye" in 2023. AdvertisementHis full statement read:"To the Queer Eye Community who have become family to me. It's with a heavy heart that I announce that season 8 will be my final season on Queer Eye. According to one source, Van Ness' temper would hit a boiling point at least once a week.
Persons: , Bobby Berk, Karamo Brown, Tan, Jonathan Van Ness, Antoni Porowski, he's, Gilbert Flore, Getty Images Berk, I've, It's, Berk, Bobby, Jeremiah Brent, Eric Charbonneau, Paramount Pictures Brent, Rachel Zoe's, Rachel Zoe, He's, Nate Berkus, Ilana Panich, costars, Kevin Winter, Van Ness, Berk didn't, Van, Brent, what's, didn't, that's, Michelle Obama, Stone Organizations: Service, Business, Variety, Getty Images, Queer Eye, Netflix, Getty, Paramount Pictures, France Tan Locations: Tan France, Las Vegas, France, France Tan France, Instagram, Tan, Van Ness, Berk
Oil prices edge higher as supply risks mount
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand. Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand. Oil prices have shrugged off signs of weak demand in the United States, the biggest oil consuming nation, and rallied higher as cross-border strains between Israel and Lebanon's Hezbollah escalated. On the demand front, rising U.S. crude stockpiles and weak gasoline consumption has kept a ceiling above oil prices. Government data this week showed an unexpected jump in crude inventories in the country as fuel demand weakened.
Persons: Brent Organizations: Brent, . West Texas, FGE Energy, U.S, National Hurricane Center Locations: United States, Israel, Iran, Lebanon, Turkey, U.S, Gulf Coast, Brent
Even Biden knows he flopped at the debate
  + stars: | 2024-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +1 min
President Joe Biden conceded his first debate did not go well. "I don't debate as well as I used to," Biden said during a rally, listing off other skills that have diminished. AdvertisementPresident Joe Biden on Friday admitted what the nation already knew: he bungled his first debate against former President Donald Trump. "I don't debate as well as I used to," Biden told supporters at a rally in North Carolina. Biden conceded that his debate skills aren't the only thing that has diminished.
Persons: Joe Biden, Biden, , Donald Trump, Kamala Harris Organizations: Service, Business Locations: North Carolina
U.S. crude oil on Friday traded near a two-month high and is on pace for a third-straight weekly gain as fears of war between Israel and the Iran-backed militia Hezbollah grow. West Texas Intermediate hit an intraday high of $82.72 per barrel, the highest level for the U.S. benchmark since April 30. U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Hezbollah could target Israel's offshore gas operations if war breaks out, and Israel could seek to hit Iranian oil facilities, according to RBC Capital Markets. There is also a risk that Iran could attack tankers in the straight of Hormuz or abandon a détente with Saudi Arabia and hit the kingdom's oil facilities, according to the firm.
Persons: Brent, stoking, Saudi détente, Helima Organizations: Hezbollah, Texas Intermediate, RBC Capital Markets, Pentagon, NBC News, The State Department, U.S, RBC Locations: Khiam, Lebanon, Israel, Gaza, Iran, U.S, Hormuz, Saudi Arabia, Saudi
Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."
Persons: , Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs the first presidential debate of 2024 wrapped up on Thursday evening, China started dunking President Joe Biden for his oratory style. "In today's first TV debate, Trump won," wrote the popular blogger Housha Moonlight. Advertisement"I'm worried that Deng Deng will die suddenly during this debate," another poster wrote, referring to a nickname for Biden. Indeed, the debate on Thursday prompted hundreds of posts and comments remarking on the ages of both candidates.
Persons: , Joe Biden, mumbling, Business Insider's Bryan Metzger, Brent D, Griffiths, Donald Trump, he's, Biden, Weibo, Trump, Deng Deng, Xi Jinping Organizations: Service, Business, Communist Party, Weibo Locations: China, Atlanta
Oil prices slid in early Asian trade on Thursday as a surprise build in U.S. stockpiles fueled fears about slow demand from the top oil consumer, though worries a potential expansion of the Gaza war may disrupt Middle East supplies capped declines. Oil prices slid in early Asian trade on Thursday as a surprise build in U.S. stockpiles fueled fears about slow demand from the top oil consumer, though worries a potential expansion of the Gaza war may disrupt Middle East supplies capped declines. Brent crude oil futures fell 30 cents, or 0.4%, to $84.17 a barrel by 0028 GMT. "An expected increase in U.S. inventories of crude oil and gasoline are weighing on the market due to fears of weakening demand," said Tsuyoshi Ueno, senior economist at NLI Research Institute. The U.S. Energy Information Administration reported a 3.6 million barrel jump in the country's crude oil stocks last week, surprising analysts polled by Reuters who had expected a 2.9 million-barrel drawdown.
Persons: Tsuyoshi Ueno Organizations: Brent, . West Texas, NLI Research, U.S . Energy Information Administration, Reuters Locations: Gaza, Israel
In today's big story, we're looking at the first — and somewhat unconventional — US presidential debate happening tonight . Evan Vucci/AP images, Manuel Balce Ceneta/AP images, Tyler Le/BIIt didn't come easy, and it won't feel quite the same, but we're getting our first US presidential debate tonight. AdvertisementBut don't be surprised by some noticeable differences from what you've come to expect when two presidential candidates face off. And this marks the first presidential debate the platform navigates under the Elon Musk regime. In other newsAdvertisementWhat's happening todayRFK Jr., who did not qualify for the CNN presidential debate, will answer debate questions via livestream during his campaign's counter-programming.
Persons: , Evan Vucci, Manuel Balce Ceneta, Tyler Le, Joe Biden, Donald Trump, it's, Insider's Brent D, Griffiths, Biden, Brent, Chris Szagola, Julien de Rosa, Alice Tecotzky, Cros, Sunny Verghese, Goldman Sachs, Goldman, Adam Posen, Posen, Bord, Jenny Chang, Rodriguez, Mustafa Suleyman, Alberto Miranda, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, Biden, CNN, Fox News, MSNBC, Elon, Getty, Peterson, BI, NFL, RFK Jr Locations: Tesla . Texas, New York, London
Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar. The comments along with data showing a stable housing market kept expectations in check over when and by how much the Fed will cut rates. Markets are pricing in 47 basis points of easing this year, with a rate cut in September pegged at 66% probability, CME FedWatch tool showed. In the currency market, the dollar index , which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715. The yen touched a 34-year low of 160.245 per dollar on April 29, prompting Tokyo to spend roughly 9.8 trillion in late April and early May to support the currency.
Persons: Androniki, Lisa Cook, Cook, Michelle Bowman, Selena Ling, OCBC, OCBC's Ling, Shri Navaratnam Organizations: Nikkei, REUTERS, Federal Reserve, . Federal, Reuters, Bank of Japan's, Brent, U.S, West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, U.S, Asia, Pacific
Bloomberg News first reported that a copy of the decision was briefly posted on the court's website and then removed. A Supreme Court spokesperson confirmed that something was inadvertently posted online but said the high court's final opinion remained unreleased. "The Court's Publications Unit inadvertently and briefly uploaded a document to the Court's website. The Court's opinion in these cases will be issued in due course." Related storiesIn the copy posted online, the court said it would allow for emergency abortions to continue in Idaho, Bloomberg reported.
Persons: , Moyle, Biden, Donald Trump's, Roe, Wade Organizations: Service, Bloomberg News, Business, Unit, Bloomberg, Biden Locations: Idaho, Moyle v, United States, Idaho's
President Joe Biden needs his debate gamble to pay off. Biden, who's viewed his life as one shaped by fate, decided to upend his reelection campaign by scheduling the earliest major presidential debate ever. Related storiesThe Times reported that Biden's team hopes the debate will jolt Americans into paying more attention to the race. PRESIDENT TRUMP: I've been preparing for this debate for my whole life. pic.twitter.com/nV3kQXGg3u — Trump War Room (@TrumpWarRoom) June 26, 2024Americans aren't surrounded by the crush of Trump news like they once were.
Persons: Joe Biden, Biden, who's, Donald Trump, There's, Trump, RealClearPolitics, he'll, Obama, David, I'm, Corey Lewandowski, TRUMP, I've, , nudging Trump, Trump's, Jake Tapper, Dana Bash, would've, Bobby Knight, We’re, ” Trump, Karoline Leavitt, Kasie Hunt, Leavitt, Mike Sington, there's Organizations: Service, strongarm Fox, The New York Times, Business, Trump, Times, Studies, CNN, — Trump, Republicans, GOP, MLB Locations: Michigan, Wisconsin, Pennsylvania, Afghanistan
Crude oil futures rose Wednesday as investors wait for the latest U.S. inventory data for indications of how gasoline demand is holding up as summer. Here are today's energy prices:Traders are waiting for confirmation that demand is firming from the latest U.S. oil and gasoline inventory data, which the Department of Energy will release at 10:30 am. "Thus, convincing stock draws in the US would go a long way to bolster this optimism," Evans said. Analysts are expecting that U.S .oil and gas inventories fell by 2.9 million barrels and 1 million barrels, respectively, last week, according to a Reuters poll. There are fears an Israeli offensive in Lebanon could trigger a direct confrontation with OPEC member Iran, potentially jeopardizing crude oil supplies.
Persons: Brent, John Evans, Evans Organizations: West Texas Intermediate, Traders, Department of Energy, OECD Locations: Israel, Lebanon, Iran
But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.
Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices fell in early Asian trade on Wednesday after an industry group reported a surprise jump in U.S. stockpiles, fueling concerns about weaker-than-expected demand in the top oil consuming nation. Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. The American Petroleum Institute reported U.S. crude oil stocks rose by 914,000 barrels in the week ended June 21, according to market sources briefed on the data. API reported a 3.84 million barrel jump in U.S. gasoline stocks last week, the sources said, compared with analysts' expectation of a 1 million barrel decline.
Persons: Brent Organizations: . West Texas, American Petroleum Institute, Reuters, U.S, Federal Reserve, ANZ Bank Locations: Cushing , Oklahoma
Elected officials who prefer not to discuss the fact that New York City has one of the most segregated school systems in the United States could soon have no choice. At the same time, in Brooklyn, a public school district that covers both poor and affluent neighborhoods has shown it is possible to integrate schools — without rancor or a mass exodus of white families — when parents and school officials value integration as a benefit in itself. As my colleague Troy Closson explained last week, the remaking of Brooklyn’s District 15 began several years ago, when parents expressed a desire to integrate middle schools that were among the most homogeneous in the city. Schools adopted targets to admit certain numbers of disadvantaged children.” Middle schools set aside seats for students who were from low-income families, living in temporary housing or still learning English. Crucially, the schools fill incoming classes through a lottery, instead of using metrics like grades or attendance.
Persons: Troy Closson, ” Closson, Organizations: New, Locations: New York City, United States, York, Brooklyn, Brooklyn’s
Crude oil futures fell Tuesday as the recent rally took a breather, with traders watching tensions on the Israel-Lebanon border and summer fuel demand. U.S. crude oil and global benchmark Brent are ahead 5.5% and 4.9%, respectively, for the month as prices have bounced back from May doldrums on a more optimistic outlook for summer fuel demand. Here are today's energy prices:Geopolitical tensions are also back in focus amid fears that Israel and the Iran-backed militia Hezbollah could go to war. Oil prices hit annual highs in April as Israel and Iran teetered on the brink of war, stoking fears that a wider conflict could engulf the Middle East and disrupt crude supplies. But McKay also said the oil rally could fade with funds likely to start liquidating long positions if WTI prices fall below $81 per barrel.
Persons: doldrums, Israel, CQ Brown, John Evans, Evans, Ryan McKay, McKay Organizations: Brent, Hezbollah, Air Force, Sunday, Israel, TD Securities Locations: McKittrick, Kern County , California, Israel, Lebanon, Iran, Gaza
Oil demand will rise for another 10 years, though producers are pulling back on new investment. The bank estimated oil demand would peak around 110 million barrels a day in 2034. AdvertisementThe global oil market could run into a supply shortage as peak demand is still a decade away, according to Goldman Sachs analysts. That's due to rising oil demand in Asia and increasing demand for petroleum products, the analysts said. "While peak oil demand is still a decade away, capital is slowing for the production of crude oil and oil products, contributing to constrained supply in the medium term," they later added.
Persons: Goldman Sachs, , Nikhil Bhandari, Amber Cai, Brent Organizations: Service, ExxonMobil, Chevron, Oil & Gas Journal, Goldman, US Energy Information Agency Locations: Asia, OPEC, Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaFd Bank CEO: Fears in the commercial real estate are 'overblown'Brent Beardall, WaFd Bank CEO, joins 'Power Lunch' to discuss the state of regional banks being downgraded by Moody's, and the headwinds in the sector.
Persons: Brent Beardall Organizations: WaFd, WaFd Bank
Affirm — The buy now, pay later stock popped 10% after Goldman Sachs assumed coverage of the name at a buy rating. Roth MKM upgraded Cinemark to a buy from a neutral rating, saying that headwinds should soon shift to "very attractive tailwinds." Anheuser-Busch InBev — The brewing company's shares rose around 3% after UBS upgraded the stock to buy from neutral. Carrier Global — The heating and ventilation stock rose 3% on the heels of a Citi upgrade to buy from neutral. Energy stocks – A slate of energy names rose as crude oil futures jumped to start the last week of June.
Persons: Eli Lilly, tirzepatide, Eli Lilly's, ATTR, Goldman Sachs, Will Nance, Roth MKM, headwinds, Morgan Stanley, Cowen, Ferrari, Brent, SLB, Baker Hughes, — CNBC's Lisa Han, Jesse Pound, Alex Harring, Sean Conlon, Samantha Subin Organizations: Systems, Food and Drug Administration, Coyote Logistics, UPS, Alnylam Pharmaceuticals, Nvidia, Microsoft, Anheuser, Busch InBev, UBS, Busch, IBM, Ryder, Carrier, Citi, Ferrari —, Energy, West Texas Intermediate, APA Locations: U.S
Oil prices pulled back Friday, snapping a recent winning streak, but closed out the week nearly 3% higher. West Texas Intermediate and Brent are on pace for a monthly gain of 5.3% and 4.7%, respectively. U.S. crude oil booked its worst month of the year in May, but prices have bounced back on hopes that the market will tighten on summer fuel demand. Ryan McKay, senior commodity strategist at TD Securities, said supply risks are now back in focus as tensions are building on the Israel-Lebanon border. Israel and the Iran-backed militia group Hezbollah have traded threats of war in recent weeks.
Persons: Brent, Tamas Varga, Ryan McKay, Benjamin Netanyahu, Israel, McKay, WTI Organizations: West Texas Intermediate, TD Securities, Hezbollah Locations: East, Israel, Lebanon, Iran, Gaza
Oil extends losses as strong dollar weighs on commodities markets
  + stars: | 2024-06-24 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors' risk appetite. Brent crude futures slid 40 cents, or 0.5%, to $84.84 a barrel by 0036 GMT, after settling down 0.6% on Friday. U.S. West Texas Intermediate crude futures were at $80.34 a barrel, down 39 cents, or 0.5%. In Ecuador, state oil company Petroecuador has declared force majeure over deliveries of Napo heavy crude for exports following the shutdown of a key pipeline and oil wells due to heavy rains, sources said on Friday. In the U.S., operating oil rigs fell three to 485 last week, their lowest since January 2022, Baker Hughes said in its report on Friday.
Persons: Brent, Tony Sycamore, Petroecuador, Baker Hughes Organizations: Midland, . West Texas, U.S, PMI, IG, greenback, ANZ Locations: Odessa, Texas, Sydney, U.S, Gaza, Ecuador
Read previewPresident Joe Biden and former President Donald Trump are set to face off later this week in the earliest major presidential debate on record. The first presidential debate of the 2024 election will be Thursday, June 27 at 9 p.m. Then-President Donald Trump eyes former Vice President Joe Biden during the final debate of the 2020 election. CNN correspondent Daniel Dale rose to fame fact-checking Trump, but don't expect him, Tapper, or Bash to chime during the debate. In late April, Biden told radio host Howard Stern he would debate Trump.
Persons: , Joe Biden, Donald Trump, Morry Gash, Trump, Biden, Jake Tapper, Dana Bash, Biden team's, Daniel Dale, Tapper, David Chalian, Robert F, Kennedy Jr, Kena Betancur, Kennedy, Nicole Shanahan, Kennedy's, we’ve, hick, O, hite, ake, ike, orward, egan, orth Organizations: Service, Clear, Trump, Business, CNN, New York Times, Getty, O bama Locations: Max, Atlanta, AFP
Read previewPresident Joe Biden and former President Donald Trump are set to face off later this week in the earliest major presidential debate on record. The first presidential debate of the 2024 election will be Thursday, June 27 at 9 p.m. Then-President Donald Trump eyes former Vice President Joe Biden during the final debate of the 2020 election. In late April, Biden told radio host Howard Stern he would debate Trump. Trump will be in Virginia, a state that hasn't gone for the GOP in a presidential election since 2004.
Persons: , Joe Biden, Donald Trump, Morry Gash, Trump, Biden, Jake Tapper, Dana Bash, Biden team's, Daniel Dale, Tapper, David Chalian, Robert F, Kennedy Jr, Kena Betancur, Kennedy, Nicole Shanahan, Kennedy's, we’ve, hick, O, hite, ake, ike, orward, egan, orth Organizations: Service, Clear, Trump, Business, CNN, New York Times, Getty, O bama Locations: Max, Atlanta, AFP
The nation's highest court typically wraps up its business by the end of June, but court watchers count roughly a dozen major pending decisions. Trump v. United States: The Trump immunity caseThe implications for Trump alone made this the most closely-watched case this term. As Justice Neil Gorsuch said during oral arguments, the court may write "a rule for the ages." Justices heard oral arguments in a case brought by commercial fishermen about a rule requiring them to pay for monitors that track potential overfishing. Justice Elena Kagan said during oral arguments that 70 Supreme Court rulings and more than 17,000 lower-court decisions have relied on Chevron.
Persons: , Donald Trump's, Trump, Neil Gorsuch, Ketanji Brown Jackson, Jack Smith's, Smith, Lev Radin, Fischer, Joseph Fischer's, John Roberts, Loper, Raimondo, Biden, Elena Kagan, Andrew Harnik, Moyle, Roe, Joshua Turner, Ken Paxton, Brandon Bell, Ron DeSantis Organizations: Service, Trump, Business, . United, Police, United, Enron, Capitol, Electoral, Biden, Washington Post, Loper Bright Enterprises, FDA, Chevron, Natural Resources Defense, Inc, Getty, Idaho, Labor, Paxton, Industry, Gov, The Washington Post, Court, GOP Locations: . United States, United States, Pennsylvania, Chevron U.S.A, Idaho's, Idaho, Texas, Red, Florida
To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.
Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, , Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning
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