A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty ImagesOil prices jumped more than 3% on Friday as the U.S. Treasury Department announced sweeping sanctions against Russia’s oil industry.Brent gained $2.82, or 3.67%, to $79.74 per barrel by 10:32 a.m. ET, while U.S. crude oil advanced $2.89, or 3.91%, to $76.81 per barrel.The sanctions target Russian oil companies Gazprom Neft and Surgutneftegas and their subsidiaries, more than 180 tankers, and more than a dozen Russian energy officials and executives. The sanctioned executives include Gazprom Neft…
Author: usaeverydaylife
U.S. President-elect Donald Trump appears remotely for a sentencing hearing in front of New York State Judge Juan Merchan with his attorney Todd Blanche (L) at Manhattan Criminal Court on January 10, 2025 in New York City. Curtis Means | Getty ImagesPresident-elect Donald Trump was sentenced without any penalties Friday in his New York criminal hush money case, 10 days before his inauguration for a second White House term.Manhattan Judge Juan Merchan sentenced Trump to “unconditional discharge,” meaning no jail, no probation and no fine.”This has been a very terrible experience,” Trump, who attended the hearing remotely, said before receiving the…
He is an autocrat condemned inside and outside his country as having stolen the nation’s last election. Yet on Friday, Nicolás Maduro, the Venezuelan president who has overseen his country’s dramatic decline — including runaway inflation, blackouts, hunger, mass migration and the unraveling of the nation’s democracy — was sworn in for a third term in office.At the ceremony in Caracas, the capital, Mr. Maduro raised his left hand and declared that he would preside over a period of “peace, prosperity, equality and new democracy.”“I swear before history!” he shouted.If he serves the full six years, it will extend his…
Sunrun could more than make up for last year’s pullback going forward, according to UBS. The bank upgraded shares of the clean energy stock to buy from neutral. Analyst Jon Windham also lifted his price target to $17 from $14. The updated price target implies upside of around 58%. Shares of Sunrun have popped 16% already this year after tumbling 53% in 2024. RUN 1Y mountain RUN 1Y chart “RUN looks attractive given the shares trading near all-time low multiples despite emerging positive fundamental trends,” Windham wrote, adding that Sunrun is emerging as the “clear market leader in a stabilizing…
In this aerial view taken from a helicopter, the Kenneth fire (below) approaches homes while the back side of the Palisade fire (above) continues to burn Los Angeles county, California on January 9, 2025. Josh Edelson | Afp | Getty ImagesInsurers exposed to the California homeowners’ market sold off sharply Friday as the devastation caused by the Los Angeles wildfires spread.Shares of Allstate declined 4% in morning trading, while AIG, Chubb and Travelers fell about 2% each. These four stocks were among the biggest losers in the S&P 500 Friday morning.AllState, Chubb and Travelers are the most exposed carriers to insured…
TKO Executive Chairman of the Board Vince McMahon is seen during a ceremony announcing Dwayne “The Rock” Johnson has joined the Board of Directors for TKO at New York Stock Exchange on January 23, 2024 in New York City.Michelle Farsi | UFC | Getty ImagesFormer WWE boss Vince McMahon has settled charges filed by the Securities and Exchange Commission related to his failure to disclose to the pro wrestling company’s board settlement agreements totaling $10.5 million with two women on behalf of himself and the WWE, the SEC announced Friday.McMahon agreed to pay a $400,000 civil penalty and reimburse the…
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024.Jessica Golden | CNBCDisney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service Venu, the companies said in a joint statement Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” they said in the statement. “In an ever-changing marketplace, we determined that it was best to meet the evolving demands of sports fans…
Check out the companies making headlines in premarket trading. Delta Air Lines — The airline stock popped 6% on stronger-than-anticipated fourth-quarter earnings. Delta posted adjusted earnings of $1.85 per share in $14.44 billion in revenue. That surpassed the EPS of $1.75 and $14.18 billion in revenue expected by analysts polled by LSEG. The company also offered up strong guidance. Walgreens Boots Alliance — The pharmacy stock surged 11% on better-than-expected results in the fiscal first quarter. Walgreens reported 51 cents adjusted earnings per share on $39.46 billion in revenue. Analysts surveyed by LSEG had forecasted earnings of 37 cents per…
Here are Friday’s biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm said it’s sticking with its buy rating on the stock following a meeting with Nvidia management at the Consumer Electronics Show. “Big-picture wise we feel more confident in: NVDA as AI incubator: NVDA’s unique/highly leverageable silicon/system/software platform is spawning new growth engines in physical AI/robotics, on-premise AI workstations, AI PC, autonomous driving (Uber, Toyota partnership)…” Truist initiates BioNTech as buy Truist called the company an “oncology powerhouse.” ” BioNTech is an oncology company at heart, even though it was the COVID vaccine (Comirnaty)…
Job growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year.Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday.The unemployment rate edged down to 4.1%, one-tenth of a point below expectations.Stock market futures were negative after the report’s release while Treasury yields soared.The report brings to a close a year in which employment grew each month, though inconsistently and at times raising questions over whether a recession loomed.…
