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Analysts told CNBC on Saturday that President Donald Trump’s overthrow of President Nicolas Maduro in oil-rich Venezuela is unlikely to cause a shock to energy markets in the short term. Arne Roman Rasmussen, principal analyst and head of research at A/S Global Risk Management, said that while the scale of the US attack was unexpected, markets were already pricing in a conflict with Venezuela that would disrupt oil exports.Venezuela is a founding member of OPEC and has the world’s largest proven oil reserves. But the South American country currently produces less than 1 million barrels of oil per day, less…
Passengers wait at Luis Muñoz Marín International Airport in Carolina, Puerto Rico, on January 3, 2026, as all flights are canceled due to U.S. military action in Venezuela.Miguel J. Rodriguez Carrillo | AFP | Getty ImagesAirlines including United Airlines and Delta Air Lines began resuming flights to Puerto Rico and other parts of the Caribbean early Sunday after U.S. aviation officials lifted temporary airspace restrictions imposed in the wake of the U.S. attack on Venezuela.U.S. Transportation Secretary Sean Duffy said in a post on X that the temporary restrictions are set to expire at midnight ET, paving the way for…
Amid rising political tensions, Bangladeshi officials have expressed concern about the safety of Indian players during the upcoming tournament.Following the expulsion of Bangladesh’s top players from the Indian Premier League (IPL), Bangladesh has announced that it will request the International Cricket Council (ICC) to change its T20 World Cup fixtures from India to Sri Lanka, citing concerns for player safety.Amid rising political tensions between the South Asian neighbors, the Bangladesh Cricket Board (BCB) has been asked by the government to write to the ICC, requesting a change of match venue and clarifying fast bowler Mustafizur Rahman’s sudden exclusion from the…
Ken Griffin, founder and CEO of Citadel, speaks at the New York Economic Club at the Plaza Hotel in New York, November 21, 2024.Brendan McDiarmid | ReutersCitadel’s flagship hedge fund, led by billionaire investor Ken Griffin, posted double-digit gains in 2025, weathering a volatile year marked by wild market swings, trade tensions and a year-end rally in risk assets.Citadel’s flagship multi-strategy Wellington fund, the largest, rose 10.2% in 2025, said a person familiar with the company’s earnings, who asked not to be identified because the information is private. The firm’s tactical trading fund, which combines equity and quantitative strategies, rose…
Check out the companies that made the biggest moves midday: Vertiv — Shares jumped 8% after Barclays upgraded the data center infrastructure provider’s rating from equal weight to overweight. The bank said it believes recent volatility has created an attractive entry point and that the potential for upside to earnings estimates could further outperform performance. SABLE OFFSHORE — Oil and gas companies soared nearly 19% after a federal court rejected an injunction by environmental groups that had sought to prevent Sable Offshore from restarting its Las Flores pipeline in California. Litigation regarding this issue continues this year. SanDisk — Shares…
north carolinaSean Pavone | iStock | Getty ImagesLithium and steel outperformed AI in 2025, at least when it comes to CNBC’s own Power City Index.The Power City Indexes (PCI) were created 10 years ago. The “Index” is comprised of the top 11 or 12 companies by market capitalization from 36 different cities and metropolitan areas across the United States. Stocks are equally weighted in each index and tracked throughout the year on FactSet.PCI is an easy and special way to find out which cities or metropolitan areas are “winning” in the stock market. We feature them all year long on…
Kyiv, January 2nd Reuters — President Volodymyr Zelenskiy named Ukraine’s defense intelligence chief as his top adviser on Friday, putting the popular military leader at the center of decision-making as Kiev seeks to shore up its defenses against involvement in Russian and U.S.-backed peace talks. The appointment of Kirillo Budanov, a decorated military veteran widely respected by the Ukrainian people, as chief of staff to the president marks a major shift in the position traditionally held by civilians who have focused primarily on domestic politics. Budanov, 39, will replace Andriy Yermak, a longtime close friend of Zelensky’s. He was a…
As billionaire entrepreneur Elon Musk prepares to take SpaceX public, investors are waiting for their chance to take part in what is expected to be the largest IPO in history. Musk said late last month that reports about space technology companies planning to go public this year were “accurate.” Multiple news outlets have reported that preparations are underway for an IPO following a stock sale that values the company at about $800 billion. SpaceX reportedly expects it to be worth about $1.5 trillion when it hits the public market. This would surpass the previous record set by Saudi Aramco’s IPO…
Editor’s note: This story contains descriptions and videos that readers may find disturbing. As young partygoers celebrated the New Year in a packed bar in the Swiss Alps, the celebrations quickly turned into a nightmare as a devastating fire ripped through the basement, killing at least 40 people and injuring 119 others. The Le Constellation fire in Crans-Montana has been described by the Swiss president as one of the country’s “worst tragedies”. As families anxiously await word that their loved ones are missing and experts work to identify victims, authorities are still trying to figure out how the fire started…
Sean Anthony Eddy | E+ | Getty ImagesAs any exchange-traded fund investor knows, the cost can be a fraction of your invested assets.In some cases, different providers (i.e. Vanguard, state street, charles schwabetc. — since they track the same index (such as the S&P 500), you may want to choose the cheapest one. But experts say it’s important to consider more than just the cost when choosing a fund to invest in.”ETFs that compete on price are typically index trackers that charge the lowest fees in their category,” said Dan Sotiroff, senior analyst at Morningstar. “So other considerations will ultimately…