Saudi Arabia
OPEC+ members could hike July oil production by 411,000 barrels per day: Sources
Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two […]
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Flyadeal CEO discusses wet leasing deal with Cebu Pacific and starting flights to Syria
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source
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The most common travel scams in 9 global cities
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report. The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company […]
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Qatari cybertrucks, elite camels and historic mega-deals: Why Gulf countries are going all out for Trump’s visit
Qatar’s Emir Sheikh Tamim bin Hamad al-Thani (L) receives US President Donald Trump in the Qatari capital Doha on May 14, 2025. Brendan Smialowski | Afp | Getty Images ABU DHABI, United Arab Emirates — If the Arab Gulf states were to hold a popularity contest right now, President Donald Trump would be the prom […]
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CNBC Daily Open: Nvidia is back in the green amid Trump’s dealmaking
NVIDIA CEO Jensen Huang and U.S. President Donald Trump shake hands at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters The “Magnificent Seven” group of stocks — comprising Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla — drove much of the S&P 500’s sterling 23.31% gain […]
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Trump joined by dozens of CEOs during his Middle East trip
U.S. President Donald Trump and Boeing CEO Kelly Ortberg attend a signing ceremony with Qatar’s Emir Tamim bin Hamad Al Thani (not pictured), in Doha, Qatar, May 14, 2025. Brian Snyder | Reuters More than 30 business leaders representing America’s top companies joined President Donald Trump on Tuesday for a lunch in Saudi Arabia during […]
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Nvidia turns positive for 2025, third ‘Magnificent 7’ member to do so as favored group regains groove
Jakub Porzycki | Nurphoto | Getty Images Nvidia on Wednesday climbed into positive territory for the year, becoming the latest “Magnificent 7” member stock to flip into the green amid the broader market’s recovery. The artificial intelligence darling surged more than 4% in the session, bringing its gain for this week above 15%. That rally […]
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Stocks making the biggest moves midday: Oklo, eToro, Super Micro Computer, Nvidia, JD.com and more
Check out the companies making headlines in midday trading: Oklo — Shares soared more than 16% on the heels of the nuclear startup’s narrower-than-anticipated loss for the first quarter. Oklo posted a loss of 7 cents per share for the period compared to the loss of 11 cents per share analysts polled by FactSet had […]
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AMD announces $6 billion buyback; shares climb 6%
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters AMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%. The authorization is […]
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Stocks making the biggest moves premarket: Nvidia, Super Micro, American Eagle Outfitters, UnitedHealth and more
Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro […]
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