Month: January 2026
Libya to sign 25-year oil deal with TotalEnergies and ConocoPhillips
A view of the pipelines at Zueitina oil terminal, in west of Benghazi, Libya February 3, 2020. Picture taken February 3, 2020. Esam Omran Al-fetori | Reuters Libya will sign a 25-year oil development agreement on Saturday with France’s TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah […]
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Meta’s Reality Labs cuts sparked fears of a ‘VR winter’
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters Meta‘s deprioritizing virtual reality in favor of artificial intelligence and Internet-connected smart glasses has chilled the industry, leading to concerns about its […]
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Musk’s $1 trillion pay package renews focus on soaring CEO compensation
Elon Musk’s pay package of up to $1 trillion highlights the continued escalation in CEO compensation, even as worker pay slows and rewards to shareholders remain mixed, according to several studies. Already, Musk is the richest person on the planet with a net worth that tops $660 billion, according to Bloomberg. Musk saw his […]
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Trump administration unlawfully suspended EV charger infrastructure program, U.S. judge rules
A federal judge on Friday ruled President Donald Trump’s administration unlawfully suspended funding awarded to support the expansion of electric vehicle charger infrastructure, in a victory for 20Democratic-led states that sued over the action. U.S. District Judge Tana Lin in Seattle ruled in favor of 20 states as well as the District of Columbia, which […]
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Russia and Ukraine sit for tense talks on thorny territorial issue
Ukrainian and Russian negotiators met in Abu Dhabi on Friday to tackle the vital issue of territory, with no sign of a compromise, as Russian airstrikes plunged Ukraine into its worst energy crisis of the nearly four-year war. Kyiv is under mounting U.S. pressure to reach a peace deal in the war triggered by Russia’s full-scale […]
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I spent the week with tech CEOs. Here’s what they’re talking about
Fabricio Bloisi, chief executive officer of Prosus NV, during a Bloomberg Television interview at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 23, 2025. The annual Davos gathering of political leaders, top executives and celebrities runs from January 20 to 24. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty […]
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Nvidia director Persis Drell resigns with $26 million worth of stock after decade on board
Signage ahead of the Nvidia Live event at CES 2026 in Las Vegas, Jan. 5, 2026. Bridget Bennett | Bloomberg | Getty Images Nvidia director Persis Drell, an engineering professor at Stanford, resigned on Wednesday after just over a decade on the chipmaker’s board of directors, the company said in a filing with the SEC […]
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Cramer’s week ahead: Earnings from Meta, Microsoft and Apple. Plus, a Fed meeting
CNBC’s Jim Cramer alerted investors on Friday that next week will be a consequential one for Wall Street, pointing to a heavy load of quarterly earnings and a Federal Reserve meeting. “Make no mistake, next week matters,” Cramer said. He later added, “The bottom line? Mag Sevens. Momentum pays. Red-hot industrials, and a Fed meeting. […]
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Sen. Kirsten Gillibrand ‘optimistic’ Senate Agriculture will advance crypto bill despite differences
Sen. Kirsten Gillibrand, D-N.Y., is “very optimistic” the Senate Agriculture Committee’s updated legislation to regulate cryptocurrencies will advance, even though Republicans have yet to reach a deal with Democrats. “Senators have been working on a bipartisan basis for the last six months pretty intensely, and we have two different bills,” Gillibrand told CNBC in an exclusive interview. One piece of legislation is in the Agriculture Committee, […]
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Major winter storm may affect over 170 million Americans — how much it could cost you
A massive winter storm is threatening to wreak havoc across the U.S. in the days ahead — and potentially take a financial toll on households in its path. The National Weather Service said Friday that it expects a “significant, long-duration winter storm” to bring heavy snow, sleet and freezing rain to a broad swath of the […]
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