Year: 2024
Crimson Sea risk to oil 'very actual,' price ranges could transform promptly if provide disrupted, Chevron CEO states
The crisis in the Pink Sea poses significant hazards to oil flows and prices could change promptly if tensions direct to a main supply disruption in the Center East, Chevron CEO Michael Wirth instructed CNBC on Tuesday. “It really is a incredibly critical condition and appears to be getting even worse,” Wirth explained in an […]
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Boeing appoints independent advisor to lead 737 Max 9 review as groundings stretch on
Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024. Mathieu Lewis-rolland | Getty Images Boeing on Tuesday appointed retired Admiral Kirkland Donald to serve as a special advisor while the company grapples with the fallout from an Alaska Airlines midflight accident on a 737 […]
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China's Taiwan approach 'has been counterproductive,' Blinken suggests
Antony Blinken, U.S. Secretary of Condition, speaks with CNBC’s Andrew Ross Sorkin at the WEF Yearly Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Secretary of State Antony Blinken claimed Tuesday that China’s developing aggression toward Taiwan has undermined the country’s possess pursuits. “I believe the technique that they have shown in […]
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OpenAI quietly eliminates ban on military services use of its AI equipment
Sam Altman, CEO of OpenAI, during an job interview at Bloomberg House on the opening working day of the World Economic Discussion board in Davos, Switzerland, on Jan. 16, 2024. Chris Ratliffe | Bloomberg | Getty Visuals OpenAI has quietly walked back again a ban on the army use of ChatGPT and its other artificial […]
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Pentagon awards $2.5 billion in satellite contracts to L3Harris, Lockheed Martin and Sierra Space
Lockheed Martin’s Tranche 0 Transport Layer satellites are seen in one of the company’s processing facilities. Lockheed Martin The Pentagon on Tuesday announced about $2.5 billion in contracts will go to L3Harris, Lockheed Martin, and Sierra Space to build satellites for an expanding military system. The U.S. Space Force’s Space Development Agency is having the […]
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AMD shares bounce 7% and head for best shut due to the fact 2021 on AI chip need
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote deal with at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023. David Becker | Getty Pictures AMD shares rose far more than 7% on Tuesday to their highest considering that reaching a report in November 2021, on optimism that the […]
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Vintage car auction internet site Convey a Trailer's gross sales strike file $1.4 billion even as rates fall
1967 Porsche 910 Source: Bringatrailer.com Deliver a Trailer, the popular on the net auction internet site for collectible automobiles, posted record gross sales in 2023, even as typical-vehicle selling prices hit the skids. Provide a Trailer’s income amplified about 2% final yr to over $1.4 billion from $1.35 billion in 2022, in accordance to the […]
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Judge blocks JetBlue-Spirit merger just after DOJ's antitrust problem
LaGuardia Global Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC A federal judge blocked JetBlue Airways‘ invest in of budget rival Spirit Airways, a big gain for Biden’s Justice Division, which sued to end the merger, alleging it would drive up fares for some of the most price-delicate […]
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Flight disruptions linger as winter storms, Max 9 grounding snarl travel
More than 320 flights have been canceled because of a winter storm that brought snow and freezing temperatures to Denver International Airport in Denver, Colorado, on Jan. 15, 2024. RJ Sangosti | Denver Post | Getty Images Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continued to disrupt travel for millions of […]
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‘Perfectly understandable’: Russia’s neighbors back again Ukraine’s refusal to negotiate on peace talks
President of the Republic of Poland, Andrzej Duda. Sopa Images | Lightrocket | Getty Pictures Poland’s President Andrzej Duda on Tuesday described Ukraine’s refusal to cede floor to Russia in possible peace talks as “properly understandable.” Talking to CNBC at the World Financial Forum in Davos, Switzerland, Duda restated his support for his Ukrainian counterpart Volodymyr Zelenskyy […]
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