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Debts owed by Venezuela conocophilips and exxon mobil Energy Secretary Chris Wright told CNBC on Wednesday that these are not immediate priorities for the Trump administration following the overthrow of President Nicolas Maduro. “The huge debts Conoco and Exxon have are very real and will need to be repaid in the future,” Wright told CNBC’s Brian Sullivan. “But it’s a long-term problem, not a short-term problem.”Conoco and Exxon filed arbitration lawsuits against Venezuela after former President Hugo Chávez nationalized the oil industry in 2007. Venezuela owes Conoco about $10 billion and Exxon about $2 billion, according to a JPMorgan memo…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Thursday. If you haven’t figured it out yet after reading this newsletter, I’m a huge cliché user. So, S&P500As traders face their first losing day of the year, they may be able to seek solace in the age-old adage, “It’s a marathon, not a sprint.”Stock futures fell this morning after mixed trading.Here are five important things investors need to know to start their trading day.1. Market moversSecretary of Health and Human Services Robert F. Kennedy Jr. speaks during the daily briefing in the Brady Briefing…
RHONJ’s Dolores Catania engaged: Why fiance Paul Connell proposed at an Apple StoreNew year, new title for Gina Kirschenheiter. The Real Housewives of Orange County star is officially engaged to longtime boyfriend Travis Mullen on New Year’s Eve. The engagement took place at Big Bear during the couple’s family celebrations, along with Gina’s children Nick, 13, Sienna, 11, and Luca, 10, whom she shares with ex Matthew Kirschenheiter, and Travis’ children from previous relationships, Presley, 14, Bennett, 12, and Joey, 9. And as the family was preparing for New Year’s Eve dinner, Travis asked Gina to go outside and help…
Despite the heartbreak of his team’s loss to Algeria, Mboradinga won the hearts of fans and left a lasting impact on the tournament.The Democratic Republic of the Congo suffered a heartbreaking defeat to Algeria in extra time and withdrew from the African Cup of Nations (AFCON) 2025, but their most famous supporter left a lasting impact on football fans and players alike.Michel Ngcuka Mboradinga, who quickly became a fan favorite and social media star with his unique tribute to his country’s hero Patrice Lumumba, said goodbye to AFCON after meeting with the Algerian team at a hotel on Wednesday.Dressed in…
Apple CEO Tim Cook introduced Apple Card at a launch event at Apple’s headquarters in Cupertino, California, on March 25, 2019.Noah Berger | AFP | Getty ImagesJP Morgan Chase an agreement was reached to take over the apple Credit card from original issuer; goldman sachsThe two banks said in separate releases on Wednesday.The deal, completed after a year of negotiations between the parties, means even greater growth for the credit card and overall retail banking giant. JPMorgan will take over more than $20 billion in credit card loans in 2022 from Goldman, which has begun a shift away from consumer…
Spangle, the AI e-commerce startup founded by former Bolt CEO Maju Kuruvilla, has raised $15 million in a new funding round, valuing the company at $100 million. The Series A round, led by NewRoad Capital Partners, comes more than a year after the Seattle-based startup raised a $6 million seed round at a $30 million pre-money valuation. The startup said Madrona, DNX Ventures, Streamlined Ventures and strategic angel investors also participated, bringing total funding to $21 million. Retailers are facing a shift in the way consumers find products online, as AI tools, social platforms, and recommendation engines increasingly influence purchasing…
It’s widely understood that drinking and operating heavy machinery don’t mix. Alcohol can slow reaction time, impair judgment, cause trouble focusing and lead to dizziness or nausea — effects that become even more dangerous when operating an aircraft. And while it’s rare for commercial pilots to attempt to fly under the influence, a string of incidents in recent years has brought the issue to the forefront. Most notably, Japan Airlines came under scrutiny due to excessive alcohol consumption by two pilots the day before their flight in December 2024. A captain from the same airline admitted to drinking three beers…
Jensen Huang doesn’t seem fazed by his expected $7.75 billion tax bill.That’s what the CEO of NVIDIA could end up owed to the state of California if the proposed ballot measure succeeds in imposing a one-time 5% wealth tax on the state’s billionaires. Hwang, who is the ninth richest person in the world with a net worth of $155 billion, according to Bloomberg estimates on Jan. 6, told Bloomberg TV on Tuesday that he would be “absolutely fine” with that outcome.”I have to say, I’ve never thought about it,” Huang, 62, said when asked if the proposed tax would concern…
I know you just started a new year, my dear friend, but I have some news for you. Valentine’s Day is approaching. That means you need to start thinking about V-day gifts for your boyfriend or husband.d.If youIf you’ve exhausted all the best gift ideas during Christmas, you need some fresh ideas. When searching for inspiration, most lists repeat the same overwhelming items he’s probably received in the past, like funky socks, novelty ties, beard cream, and other grilling equipment he probably won’t use. Luckily, I’ve been taking note of what others have gifted their loved ones, and I’ve come…
President Donald Trump said Wednesday that Venezuela would use oil sales proceeds to buy U.S. products.”I have been informed that Venezuela plans to purchase only American-made products with the funds it receives from the new oil deal,” Trump said in a post on his social media platform Truth Social. The president said the purchases would include agricultural products, medicines, medical equipment and equipment to improve Venezuela’s power grid and energy facilities. President Trump said Tuesday that Venezuela will hand over 30 million to 50 million barrels of oil to the United States after the overthrow of President Nicolas Maduro. President…