British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.Nurphoto | Nurphoto | Getty ImagesFive months ago, British energy major BP was firmly in the spotlight as a prime takeover candidate. Now, not so much.Shares of the London-listed oil giant have climbed more than 32% since early April, outperforming many of its U.S. and European rivals.The improving sentiment can be attributed to a range of factors, including BP’s fundamental strategic reset, a leadership shake-up, progress on its cost-cutting program and a string of recent oil discoveries.It marks a stark contrast to…
Author: usaeverydaylife
A crane towers above the mobile launcher 2 adjacent the Vehicle Assembly Building at Kennedy Space Center on Tuesday, July 22, 2025. Richard Tribou | Tribune News Service | Getty ImagesThe director of NASA’s Marshall Space Flight Center, Joseph Pelfrey, announced his resignation from the role on Thursday, CNBC confirmed.Pelfrey said in an email to employees at the space agency that as NASA focuses on its mission to return humans to the moon, it will be “important for agency leadership to move forward with a team they choose to execute the tasks at hand.”The email also said Pelfrey would work…
Shelf of pharmaceutical products. D3sign | Moment | Getty ImagesPresident Donald Trump announced Thursday that the U.S. will impose a 100% tariff on “all any branded or patented Pharmaceutical Product” entering the country from Oct. 1.The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.He said that the exemption covers projects where construction has started, including sites that have broken ground or are under construction.”There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started,” Trump added in a post on Truth Social.The announcement came as Trump also unveiled a 25%…
CNBC’s “Fast Money” team shares their final trades of the day. Source link
Jack Antonoff speaks on stage at “Up Close & Personal” In My Studio With…Jack Antonoff at The Village Recording Studio on Aug. 11, 2025 in Los Angeles, California.Unique Nicole | Getty ImagesAcclaimed music producer Jack Antonoff is rejecting claims by Live Nation Entertainment CEO Michael Rapino that concert tickets are still “underpriced.”The CEO’s comments came at the CNBC Sport and Boardroom Game Plan conference last week, when he said, “In sports, I joke it’s like a badge of honor to spend [$70,000] for Knicks courtside. … When you read about the ticket prices going up, it’s still an average concert…
FILE PHOTO: Former FBI Director, James Comey appears before the Senate Intelligence Committee in the Hart Office Building on Thursday June 08, 2017 in Washington, DC.Matt McClain | The Washington Post | Getty ImagesFormer FBI Director James Comey, a longtime target of President Donald Trump’s ire, was indicted Thursday on criminal charges of false statement and obstruction.The charges came days after Trump publicly complained to Attorney General Pam Bondi that “nothing is being done” about Comey and other of the president’s perceived enemies, who he claimed were “all guilty as hell.”A senior Justice Department official told NBC News that Comey…
Dario Amodei, co-founder and chief executive officer of Anthropic, at the World Economic Forum in 2025.Stefan Wermuth | Bloomberg | Getty ImagesA federal judge on Thursday preliminarily approved Anthropic’s offer to pay $1.5 billion to settle a class action lawsuit with a group of authors, in what will be the largest publicly reported copyright recovery in history.The lawsuit, filed in the U.S. District Court for the Northern District of California, was brought last year by authors Andrea Bartz, Charles Graeber and Kirk Wallace Johnson. It alleged that Anthropic illegally downloaded books from pirated databases like Library Genesis and Pirate Library…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) There aren’t many reasons to believe this market pullback is the Big One, but might it become a bigger one? The setup entering the week opened the way to some retrenchment: The S & P 500 registered its most overbought reading in 14 months just as momentum was waning and market breadth was flagging. The rally had fed fully off the known positive catalysts of a Fed cutting rates in a steady economy, with the AI-investment theme running…
CSX is poised to grow as it closes new deals and clears operational roadblocks, even as competition in the freight rail industry heats up, according to Wells Fargo. The investment firm upgraded CSX stock to overweight from equal weight. It also raised its price target to $40 from $37, suggesting 15.5% upside. “The BNSF/CSX intermodal commercial agreements have begun and are expected to drive incremental volume onto CSX’s network,” analyst Christian Wetherbee said Thursday in a note to clients. “This has the potential to drive volume outperformance for CSX just as volume growth is likely to decelerate at other U.S.…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s “Fast Money” team discusses where markets may be headed from here with Andrew Davis, director of macro research at Bryn Mawr Trust Advisors. Source link
