Year: 2025
Oil prices jump as U.S. imposes sweeping sanctions against Russia oil industry
A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty Images Oil 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 […]
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It’s ‘Dry January.’ Here’s how much you can save by not drinking for a month
Ryanjlane | E+ | Getty Images The start of a new year is the most popular time to make a resolution or two. For many, those include giving up alcohol for the first 31 days. This year, 22% of adults are participating in Dry January, five percentage points higher than in previous years, according to a […]
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How Audemars Piguet CEO Ilaria Resta is disrupting the luxury watch business
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Audemars Piguet, the prestigious Swiss watch brand, is tearing down the marketing walls separating men’s and women’s watches, as women become […]
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Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
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 Images Insurers exposed to the California homeowners’ market sold off sharply Friday as the devastation […]
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Former WWE boss Vince McMahon resolves SEC charges over undisclosed settlements
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 Images Former WWE boss Vince McMahon has settled charges filed […]
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Disney, Fox and Warner Bros. Discovery call off plans to launch Venu sports streaming service
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 | CNBC Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service Venu, the companies said in […]
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Chuck E. Cheese makes a comeback, with trampolines and a subscription program
Chuck E. Cheese’s parent company has spent $230 million renovated its stores. Source: CEC Entertainment Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation. In June 2020, just as some states began lifting their pandemic lockdowns, Chuck […]
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Trump seeks Putin meeting as Biden administration announces twelfth-hour aid package to Kyiv
A souvenir shopkeeper displays Matryoshka dolls featuring Russian President Vladimir Putin and U.S. presidents, including Donald Trump. Misha Friedman | Getty Images News | Getty Images President-elect Donald Trump floated the possibility of a meeting with Kremlin leader Vladimir Putin to end the “bloody mess” in Ukraine, while the outgoing administration of Joe Biden pushed […]
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U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
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 […]
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Trump to be sentenced in New York for hush money case conviction
Former U.S. President Donald Trump attends his trial for allegedly covering up hush money payments at Manhattan Criminal Court on May 13, 2024 in New York City. Spencer Platt | Reuters President-elect Donald Trump is set to be sentenced Friday morning in his New York criminal hush money case, more than eight years after events […]
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