UAE might be using UN climate conference for oil deals
The Gulf country hosting COP28 this week reportedly wanted to kill two birds with one climate summit:...
The Gulf country hosting COP28 this week reportedly wanted to kill two birds with one climate summit: advancing environmental goals and selling fossil fuels.
COP28 President Sultan Al Jaber, who’s also the head of the Abu Dhabi National Oil Company (Adnoc), allegedly planned to propose energy deals to international leaders involved in the UN conference, according to leaked docs seen by the Centre for Climate Reporting (CCR) and the BBC. His critics are flabbergasted by what seems to be a brazen conflict of interest.
Israel and Hamas agreed to extend their cease-fire two more days
Yesterday, on what would have been the final day of the cease-fire, Israel and Hamas ...
Yesterday, on what would have been the final day of the cease-fire, Israel and Hamas decided to keep their truce in place for another two days, during which Hamas is expected to release an additional 20 hostages while Israel frees more Palestinian prisoners. So far, 69 of the 240 hostages Hamas captured in its Oct. 7 attack have been freed, including 11 women and children yesterday, and 117 people have been released from Israeli prisons. Though Israel says it remains dedicated to ending Hamas’s rule in Gaza, the extension has raised hopes for a longer break in the fighting that allows more aid into the area.
Dolly Parton's "Rockstar" album debuts at No. 1 on Billboard's top album sales...
Dolly Parton's "Rockstar" album debuts at No. 1 on Billboard's top album sales chart, the highest ever for Parton in the chart's 32-year history (More) | Jennifer Lopez to release first new album in a decade Feb. 16 (More)
A suspect has been arrested and charged with the shooting of three Palestinian college students in Burlington, VT, over the weekend, which is still being investigated as a possible hate crime.
EU antitrust regulators raised concerns that Amazon’s $1.7 billion purchase of Roomba-maker iRobot could harm competition. The news sent iRobot’s stock plunging 17%—but that’s after it soared 36% over five days following reports that European regulators planned to grant unconditional approval.
Elon Musk, who recently caught flak for endorsing an antisemitic post on X, visited Israel and toured a kibbutz that was attacked by Hamas with the country’s prime minister.
TikTok’s parent company, Byte Dance, is laying off hundreds of people in its video game unit after failing to produce a hit game.
Eli Lilly’s diabetes drug Mounjaro performed better for weight loss than Novo Nordisk’s Ozempic in a real-world study of overweight or obese adults.
Benchmark U.S. crude oil for January delivery fell 68 centsto $74.86 per barrel Monday. Brent crudefor January delivery fell 60 cents to $79.98 per barrel.
Wholesale gasoline for December delivery rose 1 cent to $2.18 a gallon. December heating oilwas unchangedat $2.84 a gallon. December natural gasfell 7 cents to $2.79 per 1,000 cubic feet.
Dow Jones, S&P 500 end lower, hitting pause on November rally
U.S. stocks closed lower on Monday, taking a breather from a powerful rally sweeping through the stock...
U.S. stocks closed lower on Monday, taking a breather from a powerful rally sweeping through the stock market in November. The Dow Jones Industrial AverageDJIA shed about 56 points, or 0.2%, to end near 35,333. The S&P 500 IndexSPX fell 0.2% and the Nasdaq Composite Index closed about 0.1% lower. U.S. stocks have staged a powerful rally this month, fueled by a sharp retreat in benchmark borrowing costs. The 10-year Treasury yieldTMUBMUSD10Y fell to 4.388% on Monday, the lowest in about two months, after briefly trading above 5% in October.
A major source of concern has been that higher borrowing costs might help the Federal Reserve tame inflation, but also derail the U.S. economy. With that in mind, investors will be keeping a close eye on economic data due this week, including the personal consumption expenditure index due on Thursday,a favored inflation gauge of Fed officials. The Dow was up 6.9% on the month through Monday, while the S&P 500 was 8.5% higher and the Nasdaq was on pace for a 10.8% monthly gain, according to FactSet.