Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Dow climbs Earnings recap: META, HON, F, LIN Club names reporting after the bell 1. Dow stocks go higher Stocks rose Thursday, with the Dow Jones Industrial Average climbing more
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Wells Fargo on Wednesday upgraded Halliburton (HAL) to the equivalent of a buy rating from hold, authoring a favorable investment case that closely aligns with the Club’s rationale for owning the oilfield services company. In addition to the bullish rating adjustment, analysts at Wells Fargo also raised their price target on Halliburton shares to $52
Officials have denied problems in the Franco-German relationship, but Chancellor Scholz’s focus on domestic politics is upsetting some lawmakers in Europe. Omer Messinger | Getty Images News | Getty Images Fresh tensions between France and Germany are challenging their relationship at a time when their unity is critical for broader European policy in tackling the
International Energy Agency Executive Director Fatih Birol warned emerging and developing countries are most vulnerable to soaring energy prices. “It is not the U.S. who will suffer the most [from] the high energy prices,” Birol told CNBC on Tuesday. Birol said those who will be hit hardest include oil-importing nations in Africa, Asia and Latin
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. HAL earnings beat Club stocks making news: STZ, LIN TJX is a best-of-breed stock 1. HAL earnings beat Halliburton (HAL) beat earnings and revenue expectations in its third-quarter results, reported
In this article MBG-DE NK-FR Follow your favorite stocksCREATE FREE ACCOUNT A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to increase the number of electric vehicles on its roads in the coming years. Ronny Hartmann | AFP | Getty Images Paris-headquartered minerals giant Imerys plans to develop a lithium
President Joe Biden said oil companies need to use their record profits to ramp up production rather than to enrich shareholders. “My message to the American energy companies is this: You should not be using your profits to buy back stock or for dividends. Not now. Not while a war is raging,” Biden said. “You
The door to number 10 is seen beyond a rain-covered umbrella at Downing Street on October 20, 2022 in London, England. Leon Neal | Getty Images News | Getty Images LONDON — U.K. Prime Minister Liz Truss is reportedly locked in discussions with a key member of the Conservative Party who oversees leadership challenges, as
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Stocks rally Earnings move Club names Sticking with DHR 1. Stocks rally Stocks rallied Friday on the back of a Wall Street Journal report suggesting the Federal Reserve could potentially
After years of anticipation, the cryptocurrency ethereum finally implemented a major network upgrade that completely changes how the blockchain verifies transactions, mints new coins and secures its network. Called proof-of-stake, this system has reduced ethereum’s energy consumption by more than 99%. Energy usage has been one of the cryptocurrency industry’s biggest targets for critique. But
Police offers stand guard near demonstrators blocking the entrance to a Luma Energy facility at the Puerto Rico Electric Authority (Prepa) Palo Seco Power Plant in Toa Baja, Puerto Rico, on Friday June 4, 2021. Xavier Garcia | Bloomberg | Getty Images When Hurricane Fiona hit Puerto Rico in September, Felipe Pérez was ready. Pérez,
As Europe struggles with a power shortage, Asia-Pacific’s power supply remains secure mainly because the region still uses a lot of coal, data has shown. With liquified natural gas supplies in the region redirected to Europe, power generators in Asia not only have less access to LNG but have had to opt out of buying
BRUSSELS — The European Union on Friday moved one step closer to establishing a cap on gas prices after several months of discussions, with Germany now conceding that the idea “makes sense.” The EU has been battling against an unprecedented energy shock stemming from Russia’s invasion of Ukraine. However, action thus far to curb gas
LONDON — U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. Truss was in office for just 44 days, making her the shortest-serving prime minister in British history. For 10 days of her premiership government business was
LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget” chaos, economic turmoil and weeks of political infighting. Speaking outside Downing Street, Truss said she had delivered her resignation to King Charles after meeting with Graham Brady, the leader of the Conservative Party’s 1922 Committee,
Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters President Joe Biden announced $2.8 billion in grants for 20 companies to produce batteries for electric vehicles in
British Prime Minister Liz Truss departs 10 Downing Street for the weekly Prime Minister’s Questions (PMQs) in the House of Commons in London, United Kingdom on October 19, 2022. Anadolu Agency | Anadolu Agency | Getty Images LONDON — British Prime Minister Liz Truss insisted Wednesday she was a “fighter not a quitter” as she
WASHINGTON — President Joe Biden will announce an additional release of crude oil from the Strategic Petroleum Reserve on Wednesday in the range of 10 million to 15 million barrels, sources familiar with the plan told CNBC. The move aims to extend the current SPR delivery program, which began this spring, through December, the sources
The EU is working on new measures to mitigate gas prices. Donato Fasano | Getty Images News | Getty Images LONDON — The European Union is working on new measures to prevent extremely high gas prices after “excessive” levels seen this summer, in a move that could have major implications for European consumers. The European
Putin’s war on energy is testing solidarity between EU nations Contributor / Contributor / Getty Images Russia’s continuing war in Ukraine is causing a “very, very challenging” situation in Europe, which is testing its countries’ solidarity not only in how they react to Putin’s aggression, but also in how they deal with the aftereffects. The
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