Chevron wins legal battle against Exxon over Guyana oil, facilitating $53B Hess deal
Read full article: Chevron wins legal battle against Exxon over Guyana oil, facilitating $53B Hess dealChevron has a clear way for the major oil company to complete its $53 billion acquisition of Hess Corporation’s offshore assets in Guyana.
Inflation cools to 4-year low as food, energy costs ease; but are Houston residents’ pockets still hurting?
Read full article: Inflation cools to 4-year low as food, energy costs ease; but are Houston residents’ pockets still hurting?For years, nationwide inflation has been a thorn in people’s sides, but could there finally be some relief in sight?
Chevron announces significant workforce reduction, could lay off up to 20 percent of employees
Read full article: Chevron announces significant workforce reduction, could lay off up to 20 percent of employeesAccording to a report by CNBC, Chevron announced plans to reduce its workforce by 15% to 20% as part of a cost-cutting strategy.
What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?
Read full article: What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?Two television networks with “NBC” in their names — MSNBC and CNBC — will no longer have any corporate connection to NBC News once a spinoff formally takes effect in about a year.
Comcast to spin off cable networks that were once the entertainment giant's star performers
Read full article: Comcast to spin off cable networks that were once the entertainment giant's star performersComcast is spinning off into a new company many of its cable television networks that were once at the heart of the entertainment giant, as consumers increasingly swap out their cable TV subscriptions for streaming platforms.
Self-driving car company Cruise halts fleets in Houston, elsewhere in bid to ‘rebuild public trust’ amid feds’ probe
Read full article: Self-driving car company Cruise halts fleets in Houston, elsewhere in bid to ‘rebuild public trust’ amid feds’ probeThe self-driving car and driverless rides company Cruise said Thursday that it is halting its driverless operations across its fleets -- including in Houston -- as it said on Twitter that it is taking steps to “rebuild public trust,” though it added that the decision “isn’t related to any new on-road incident.”
The booming business of F1 to be explored in CNBC documentary airing ahead of Las Vegas Grand Prix
Read full article: The booming business of F1 to be explored in CNBC documentary airing ahead of Las Vegas Grand PrixFormula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world.
The iPhone 15 is here: These are the features Houston will love -- and likely despise📱
Read full article: The iPhone 15 is here: These are the features Houston will love -- and likely despise📱If you’re an Apple fan you’ve likely heard the rumblings for months -- iPhone 15 is hitting stores on Friday.
ERCOT paid Bitcoin miner Riot $31.7M to limit energy consumption during heat wave in August
Read full article: ERCOT paid Bitcoin miner Riot $31.7M to limit energy consumption during heat wave in AugustRiot Platforms is losing so much money that it’s counting on energy credits from selling power back to the Texas grid to keep its costs under control, reports said.
HBO Max raises price for the first time since it launched
Read full article: HBO Max raises price for the first time since it launchedWarner Bros. Discovery is raising the monthly price of HBO Max by $1 as the company looks to further invest in content and the user experience, CNBC reported Thursday.
CNBC axes Shepard Smith's nightly newscast after two years
Read full article: CNBC axes Shepard Smith's nightly newscast after two yearsCNBC says it is pulling the plug on Shepard Smith's weeknight general interest news program, saying it wants to focus on the network's core strength of business news.
JetBlue cancels 1,280 flights through mid-January due to expected COVID-19 spike
Read full article: JetBlue cancels 1,280 flights through mid-January due to expected COVID-19 spikeJetBlue Airways will cancel about 1,280 flights between now and January, in expectation of continued Covid-19 outbreaks brought on by the omicron variant, the airline said Thursday.
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An unwelcome prank: Volkswagen purposely hoodwinks reporters
Read full article: An unwelcome prank: Volkswagen purposely hoodwinks reportersSeveral news organizations, including The Associated Press, USA Today, CNBC and The Washington Post, had reported the original press release as real news, some after being assured specifically that it was no joke. It was a similar story at USA Today, where a reporter specifically asked if it was a joke and was told “no,” said the newspaper's spokeswoman, Chrissy Terrell. “We are disheartened that the company would choose this type of disingenuous marketing.”The USA Today reporter who was initially lied to was more blunt. “About that plan to change Volkswagen of America's name.” wrote USA Today's Mike Snider. AdGlover said the company landed millions of dollars in publicity from a press release.
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Jump in hiring fuels optimism for US economic recovery
Read full article: Jump in hiring fuels optimism for US economic recoveryThat is down dramatically from 14.8% last April, just after the virus erupted in the United States. AdAlso hiring last month were retailers, which added 41,000 jobs, health care companies, with 46,000, and manufacturers, with 21,000. But state and local governments have slashed 1.4 million jobs since the pandemic erupted, including 86,000 last month, and most have instituted hiring freezes. The Congressional Budget Office projects the nation will add a substantial 6.2 million jobs this year. Sounding an optimistic note, he said: “There’s good reason to expect job creation to pick up in the coming months."
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‘I can’t do it. I can’t stay’: Mick Mulvaney resigns post following Capitol riot
Read full article: ‘I can’t do it. I can’t stay’: Mick Mulvaney resigns post following Capitol riotPresident Donald Trump’s former acting White House chief of staff resigned his post as special envoy to Northern Ireland on Thursday, saying “I can’t do it. I can’t stay.”Mick Mulvaney joined a growing list of Trump administration officials who are leaving following the violent riot at the Capitol on Wednesday. He served as acting White House chief of staff from January 2019 until March 2020. I can’t stay,” Mick Mulvaney told CNBC, which was first to report the resignation. “Those who choose to stay, and I have talked with some of them, are choosing to stay because they’re worried the president might put someone worse in.”
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CVS Health, Walgreens begin providing COVID-19 vaccines at thousands of hard-hit nursing homes
Read full article: CVS Health, Walgreens begin providing COVID-19 vaccines at thousands of hard-hit nursing homesCVS Health and Walgreens on Friday are beginning to offer COVID-19 vaccinations for residents and staff at those long-term care facilities, making them among the first Americans to receive the shots, CNBC reported. Walgreens said its pharmacists will administer the shots at nursing homes and assisted living facilities in Ohio, Connecticut and Florida. CVS said it will provide them at facilities in Ohio and Connecticut. Both companies will expand to facilities in other states next week. For more, go to CNBC’s full report.
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Pelosi and Mnuchin have 'extensive' talks on COVID relief
Read full article: Pelosi and Mnuchin have 'extensive' talks on COVID reliefWe still don’t have an agreement," Mnuchin said after meeting with Pelosi and briefing top Senate Republican Mitch McConnell. At the very least, the positive tone set by Pelosi and Mnuchin represented an improvement over earlier statements. That's well above what many Senate Republicans want but would probably be acceptable to GOP pragmatists and senators in difficult races. The “top line" limit upon which Pelosi, the Trump administration and Senate Republicans might be able to agree has been a subject of considerable speculation. Pelosi and Mnuchin have ramped up talks in recent days but remain far apart.
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Nearly a year after sudden exit, Shepard Smith returns to TV
Read full article: Nearly a year after sudden exit, Shepard Smith returns to TVThe 56-year-old newsman, a Fox News original who joined that network at its start in 1996, says he's relishing the fresh start. Smith left more questions than answers upon his Fox exit, leaving others to speculate about why. His 3 p.m. newscast stood out at a network where opinion is king, and sometimes he challenged statements made by the network's prime-time hosts. Asked about it, Smith said that “I had felt like it was time for a new challenge for a long time. With CNN, MSNBC and the broadcast networks courting Smith, CNBC was considered an underdog, at best.
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CNBC's Cramer apologizes for calling Pelosi 'crazy Nancy'
Read full article: CNBC's Cramer apologizes for calling Pelosi 'crazy Nancy'NEW YORK – CNBC's Jim Cramer apologized Tuesday for calling House Speaker Nancy Pelosi “crazy Nancy” during an interview, saying he was trying to make a point about Washington intolerance that fell flat. The fast-talking former hedge fund trader, one of CNBC's leading personalities for two decades, was interviewing Pelosi on negotiations on a relief bill for those hurt financially by the pandemic. “What deal can we have, crazy Nancy?” he said during the interview. He immediately indicated that he was channeling President Donald Trump, who has repeatedly used that derisive nickname for Pelosi. “It's time that CNBC takes steps to remove toxic misogyny from its airwaves, and that starts by firing Jim Cramer,” Thomas said.
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Are you considered ‘middle class’? Use this calculator to find out.
Read full article: Are you considered ‘middle class’? Use this calculator to find out.The Pew Research Center unveiled a calculator that determines whether you are middle class, CNBC reported. In the U.S., about 50% of Americans are considered “middle class,” according to the Pew Research Center. The calculator, which was unveiled on Thursday, is based on how many people live in a household, your location, and how much income people earn. The Pew Research Calculator uses 2018 data to find which group people belong to, compared with other adults in a metropolitan area and overall. To find out, use the calculator below, courtesy of The Pew Research Center.
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Don’t miss Wrinkles the Art Car on Jay Leno’s Garage Wednesday night
Read full article: Don’t miss Wrinkles the Art Car on Jay Leno’s Garage Wednesday nightHOUSTON – You can catch a Houston artist and car enthusiast on Jay Leno's Garage Wednesday night on CNBC. Jay Leno's Garage is a weekly show on CNBC where the comedian reviews cars, motorcycles and interviews celebrities behind the wheel. “It’s a hairless cat and I just love them, but my family does not like them as much as me. Kimi usually strips the art car every year and recreates it but she says Wrinkles’ newfound fame has earned her an extra life. You can see Kimi and Wrinkles on Jay Leno’s Garage at 9 p.m. CT on CNBC.
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The Amazon Fashion Summer Sale: Everything We Know So Far
Read full article: The Amazon Fashion Summer Sale: Everything We Know So FarSomething to look forward to: Amazon is planning a summer fashion sale event, called the Big Style Sale, on June 22. After a notice was sent to sellers on Tuesday, an Amazon spokesperson confirmed to CNBC that the event is happening. "The Big Style Sale is slated to take place later this month and will include seasonally relevant deals from both established and smaller fashion brands," the spokeswoman said. As we wait for more details on the Big Style Sale to be revealed, take a look at some of our favorite Amazon Fashion brands:Daily Ritual: Soft and cozy basics -- from joggers to jumpsuits -- created with lounging in mind. RELATED CONTENT:Buy More, Save More at Forever 21Take 20% Off Everything at Ray-BanRevolve Sale: Scratch and Save Up to 20% Off
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