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S&P 500 futures tick higher after ‘Mag 7’ titans Alphabet, Amazon report earnings: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) during Pershing Square Capital Management LP’s initial public offering (IPO) in New York, US, on Wednesday, April 29, 2026. Michael Nagle | Bloomberg | Getty Images S&PP 500 futures were near the flatline on Wednesday night, following the release of quarterly reports from […]
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Trump says it’s ‘great’ that UAE pulled out of OPEC
U.S. President Donald Trump speaks during an event with Artemis II astronauts, NASA Commander Reid Wiseman, NASA Pilot Victor Glover, NASA Mission Specialist Christina Koch and Canadian Space Agency (CSA) Mission Specialist Jeremy Hansen, in the Oval Office at the White House in Washington, D.C., U.S., April 29, 2026. Evelyn Hockstein | Reuters President Donald […]
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Jet fuel bidding war breaks out as airlines confront ‘global stress test’ over shortages and cancellations
Europe is urgently turning to alternative suppliers of jet fuel as imports from the Middle East remain knocked out — but the continent must “fight for every cargo” in what analysts have dubbed a “global stress test” for the airline industry. The loss of Middle Eastern jet fuel because of the Iran war is quickly […]
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Trump threatens Iran with AI picture of himself with a gun: ‘No more Mr. Nice guy!’
US President Donald Trump takes questions during a press briefing in the Brady Briefing Room at the White House in Washington, DC, shortly after a shooting incident at the White House Correspondents’ Dinner on April 25, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump threatened Iran in a Truth Social post […]
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UAE’s departure from the OPEC oil cartel is not without precedence. Who could be next?
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit. The country’s decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with […]
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U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil. The […]
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CNBC Daily Open: Oil takes another hit, but chips steal the spotlight
Passenger planes sit on the tarmac at Dubai International Airport in Dubai on March 11, 2026. Drones fell near Dubai airport, injuring four people, while ships were hit in or near the Strait of Hormuz on March 11 as Iran kept up its campaign disrupting oil markets and air and maritime traffic. AFP | Getty […]
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UAE’s shock OPEC exit: What it means for the oil cartel’s future and for crude prices
The United Arab Emirates’ exit from OPEC this week will weaken the influence of the cartel and its leader Saudi Arabia on the oil market, a development that could prove bearish for prices over the long term. The UAE was the most influential member of OPEC behind Saudi Arabia. It was one of the few […]
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U.S. is ‘being humiliated by Iran,’ says Germany’s Merz, as Europe’s patience wanes
US President Donald Trump looks on during a meeting with Lebanon’s Ambassador to the US, Nada Hamadeh Moawad, and Israel’s Ambassador to the US, Yechiel Leiter, at the White House in Washington, DC on April 23, 2026. Brendan Smialowski | Afp | Getty Images The U.S. is being “humiliated” by the Iranian regime, Germany’s chancellor […]
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United Arab Emirates leaving OPEC, effective May 1
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s […]
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