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Israeli police attacked a group of journalists outside Jerusalem’s Old City on Tuesday night, including a CNN producer who suffered a broken wrist in the violence. Police also damaged photography equipment and seized memory cards from journalists outside the Lions Gate in the Old City who were covering Ramadan prayers. On Tuesday, Muslim worshipers, who had been barred from praying at Al-Aqsa Mosque due to wartime regulations, gathered outside the Old City’s walls to perform Tarawih prayers during Ramadan. However, the police prevented them from praying and pushed them away. Worshipers moved to the streets in the nearby Wadi al-Joz…

Rising gas prices are driving more people to Costco for cheaper fuel. But the real benefit for retailers is the additional sales generated by the associated increase in in-store traffic. The national average for a gallon of regular unleaded gasoline was $3.91, according to AAA on Friday, as the Iran war enters its fourth week and U.S. crude oil prices soar to their highest levels not seen in four years. Gasoline prices have jumped about $1 a gallon over the past month, although it’s still well below the all-time high of $5.02 set in April 2022. Gasoline prices vary widely…

US President Donald Trump has threatened to “attack and destroy” Iranian power plants, saying: “Let’s start with the biggest ones!” The Strait of Hormuz must be opened within 48 hours. Introducing domestic facilities. There are about 110 gas plants in Iran, of which a small number are hybrid plants, according to data from OpenInfraMap, an open-source intelligence tool for energy infrastructure research compiled by volunteers. According to the site, the country also operates solar, hydro, wind, oil, diesel, coal, geothermal and nuclear power plants. The three largest plants by production run on gas. Damavand Combined Cycle Power Plant: Located approximately…

Value investors touted a variety of stock ideas in different parts of the market, even as geopolitical risks and rising energy prices weighed on sentiment. At the Value Invest Conference in New York on Thursday, Summit Street Capital Management’s Jennifer Wallace highlighted stocks that are gaining attention after the Strait of Hormuz shipping bottleneck has sent liquid fertilizer prices soaring. He touted CF Industries as a structurally advantageous “cash flow machine,” citing its exposure to world-priced fertilizer and low-cost U.S. natural gas inputs. “Fertilizer is priced on a global commodity basis,” Wallace said, adding that CF’s domestic cost advantage positions…

Bank of America says there are too many stocks to ignore. The investment bank says companies like Metaplatform have plenty of room to operate even in the face of macroeconomic uncertainty. Other stocks reviewed by Bank of America’s CNBC Pros with buy ratings include Bob’s Discount Furniture, Coca-Cola Andina, BlackRock, and Boot Barn Holdings. Coca-Cola Andina The Coca-Cola bottling and packaging company in Latin America is firing on all cylinders, according to the bank. Analyst Fernando Olvera recently upgraded the stock from Neutral to Buy, calling Coca-Cola Andina too compelling to ignore. “We think this is an attractive entry point…

On July 9, 2024, a European Ariane 6 rocket takes off from Kourou, French Guiana. european space agency ESA | via ReutersA new layer of critical infrastructure is emerging above our heads. Low Earth orbit (LEO), defined by NASA as space below 2,000 km altitude, is rapidly evolving from a niche technology area to one of the most strategically important environments of the 21st century. It underpins global navigation, telecommunications, defense and global connectivity, and is expected to attract a flood of investment.LEO satellites are relatively close to Earth, resulting in faster response times, lower launch costs, and faster communication…

McMurtry Automotive wants you to know one thing before you shell out more than 1 million pounds (about $1.34 million) for a new car. That’s really terrible. Deliveries to customers will begin this year of the Spéirling PURE, an electric single-seater hypercar capable of generating so much downforce that it literally turns the world of motorsport upside down. Founded in 2016 by Irish billionaire and inventor Sir David McMurtry, the manufacturer has developed a patented fan system called Downforce on Demand. In this system, two high-speed fans create huge suction under the car, effectively “sucking” the car onto the road…

The S&P 500 posted its fourth consecutive week of losses on Friday as the war between the US and Iran continues, pushing some stocks deeper into oversold territory. A stock is considered oversold when the 14-day Relative Strength Index falls below 30. Traders often view oversold numbers as buying opportunities, suggesting that the stock may have fallen too much in a short period of time. To be sure, there are some stocks that may have overextended their upside even as the overall market is down. Overbought stocks are those with an RSI value above 70. CNBC Pro used LSEG data…

This week, a topic that has been boomeranging around Silicon Valley is back in the spotlight: AI tokens as compensation. The idea is very simple. Companies don’t just give engineers salaries, stocks, and bonuses, they also give them budgets for AI tokens, the computational units that power tools like Claude, ChatGPT, and Gemini. You spend these running agents, automating tasks, and running code. The pitch is that access to more computing makes engineers more productive, and more productive engineers become more valuable. The idea is that it’s an investment in the person who has it. Nvidia’s leather-jacketed CEO Jensen Huang…

When a 19-year-old wrestler and two other men were hanged in the holy city of Qom on Thursday, analysts say Iran’s theocratic regime was sending a message to its opponents both at home and abroad. All three were involved in nationwide anti-regime protests in January, and were executed “in the presence of some people” with the approval of Iran’s Supreme Court, according to Mizan, a judicial news agency. Human rights groups, including Amnesty International, said the trial was a sham that involved forced confessions and expedited proceedings. In a statement on Friday, Amnesty International accused Iranian authorities of carrying out…