Amrita Sen, Energy Aspects founder and director of research, joins 'Money Movers' to discuss what the moves in crude oil are signaling, how much energy markets are tracking tensions in the Middle East, and much more.

Watching crude oil's recovery

India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks a staggering 1000% increase compared to 2021, prior to Russia’s invasion of Ukraine. Indian buyers began ramping up their Russian oil imports in...

India’s Crude Oil Imports from Russia Surge 1000%

Nigeria's oil output has risen to between 1.6 million and 1.7 million barrels per day after the government beefed up security to curb crude theft, Chief of Naval Staff Emmanuel Ikechukwu Ogalla said on Tuesday. Crude production in Nigeria, a member of the Organization of the Petroleum Exporting Countries (OPEC),...

Improved Security Lifts Nigeria's Oil Output

LONDON, Aug 9 (Reuters) – Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, the latest sign of Tehran pushing to sustain output at close to its highest in five years. Oil sales are Iran’s major...

Iran’s Oil Finds New Destinations in Tehran Export Push

U.S. Treasury yields rose Thursday as Wall Street assessed weekly jobless claims data that came in below expectations, easing concern from July's payroll report last week that the labor market was weakening. The yield on the 10-year Treasury was around 5 basis points higher at 4.018%. The yield on the...

10-year Treasury yield hovers near 4.00% after jobless claims decline

Sen. Elizabeth Warren sent a letter to Tesla Chairperson Robyn Denholm on Thursday concerning CEO Elon Musk and possible breaches of his fiduciary duty to the company. Warren wants to know whether the board has ever bothered to investigate Musk's use of Tesla resources to benefit his other companies, including SpaceX and xAI.

Tesla's board faces questions from Elizabeth Warren about Musk's corporate 'entanglements'

Warren, MI

Stellantis will indefinitely lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year as it discontinues production of an older version of its Ram 1500 pickup. The company has not announced a vehicle to replace the truck. The layoffs are expected to start as soon as...

Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck

Florida State

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Jacksonville Today

Gov. Ron DeSantis has issued a state of emergency in Northeast Florida and across much of the state as a tropical system appears almost certain to develop. The National Hurricane Center said Friday morning that a tropical wave has a 90% chance of developing into at least a tropical depression over the next seven days. Most models show it moving into the Gulf of Mexico and then coming ashore and crossing the state, possibly moving over Northeast Florida.

Tropical system is nearly certain to develop

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update - The Look Ahead

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Debby has weakened to a post-tropical storm, after making landfall in Florida as a Category 1 hurricane Monday. It's expected to bring more heavy rain and flooding to the Mid-Atlantic and Northeast on Friday and into the weekend. Homeowners insurance doesn't cover flood damage. You need a separate flood insurance...

If Debby damages your basement, here’s what’s not covered by flood insurance

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

South Carolina State

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Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

The Associated Press

TEHRAN, Iran (AP) — Iran’s newly elected president said his government will create “balance in relations with all countries” in line with national interests and the prerequisites for peace but stressed to the United States that his country “will not respond to pressure.”. Masoud Pezeshkian...

Iran’s new president vows balance with all countries but warns US his country won’t be pressured

Charles Van der Steene, president of Maersk North America, joins CNBC's Lori Ann LaRocco to discuss growth in Asian ocean freight orders, the U.S. consumer and economy, and the threat of a longshoreman strike at East Coast and Gulf ports in the Fall.

Maersk North America president on the strength of U.S. consumer and shipping outlook

JPMorgan Chase has rolled out a generative AI assistant to tens of thousands of its employees, the initial phase of a broader plan to inject the technology throughout the bank. The program, called LLM Suite, is already helping more than 60,000 employees with tasks like writing emails and reports. The...

JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Reuters

(Reuters) - Russian President Vladimir Putin has asked Iran's Supreme leader Ayatollah Ali Khamenei for a restrained response to Israel's suspected killing of the leader of Hamas, advising against attacks on Israeli civilians, two senior Iranian sources said.

Putin asks Iran to avoid civilian casualties in Israel response, sources say

NewsBreak

U.S. crude oil rises more than 1% as jobless claims fall, Middle East tensions simmer

West Texas Intermediate bounced back after crude inventories fell for a sixth straight week. The oil market is waiting to see whether Iran will follow through...

U.S. crude oil rises more than 1% as jobless claims fall, Middle East tensions simmer

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