OPEC+ sticks to 2023 oil production targets as Saudi Arabia announces further voluntary cuts

OPEC+ ministers met on Sunday to agree further oil production policy steps amid depressed oil prices.

Oil prices pop 2.5% after Saudi Arabia pledges more voluntary production cuts

Oil prices jumped following OPEC kingpin Saudi Arabia's decision to cut production by another million barrels per day.

CNBC Daily Open: The Goldilocks effect

May's astounding jobs report has something for both the Federal Reserve and the economy.

Largest terminal at Long Beach, California port won't open Monday after getting hit by labor turmoil

Ports and workers are locked in an unofficial dispute over wages, as well as safety, automation and pension benefits.

Biden signs debt ceiling bill, avoiding a catastrophic economic default

President Joe Biden on Friday discussed a bill to lift the debt ceiling, just days before the Treasury estimated the government would run out of money.

People who live longest share these 2 traits, say authors who studied Japanese 'secret' for 'a long and happy life'

"Ikigai: The Japanese Secret to a Long and Happy Life," highlights the practices of some of the longest-lived people. Here are two things they have in common.

'Spider-Man: Across the Spider-Verse' opens to $120.5 million, second-highest debut of 2023

Sony's "Spider-Man: Across the Spider-Verse" opened to $120.5 million at the domestic box office this weekend.

Payrolls rose 339,000 in May, much better than expected in resilient labor market

Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones.

The rise of Albemarle, the world's largest lithium producer

The lithium-ion battery supply chain, from mine to market, is expected to grow more than 30% annually from 2022 to 2030, when it could reach $400 billion.

This 36-year-old bought an abandoned house for just $1 and fully renovated it—look inside her 'dream home'

In 2020, Maxine Sharples bought a 2-bedroom house in Liverpool, England — for just $1. The catch? It was in complete disrepair, and she had to turn it into a livable space. Here's how she fully renovated the 796-square-foot Victorian terrace for $74,000.

This couple bootstrapped their way to a multimillion-dollar business. Here are their top tips for success

Launched 5 years ago with $220,000, Coco & Eve's co-founders said they are "well on the way" to $100 million in annual revenue. 

JPMorgan raises 2024 economic outlook for India, but remains cautious of global headwinds

JPMorgan marked up its 2024 growth forecast from 5% to 5.5%, citing a number of reasons to justify only a modest increase.

FDA allows temporary import of unapproved Chinese cancer drug to ease U.S. shortage

The FDA has given Qilu Pharmaceutical permission to ship cisplatin to the U.S. to ease a national cancer drug shortage.

Three industries ripe for automation, according to a robotics guru

Jeff Burnstein, an automation-industry guru and president of the Association for Advancing Automation, outlines where automation could be applied next.

West Coast ports shut down as union workers 'no show' after breakdown in wage negotiations

West Coast ports are shutting down after union workers walked off the job after a failure in negotiations with port management.

Crypto bill from Republicans lays out clear roles for SEC and CFTC

The bill introduced by Reps. Patrick McHenry, R-N.C., and Glenn Thompson, R-Pa., would more clearly define the SEC's and CFTC's spheres of influence.

Google says Gmail on your phone just got a lot faster thanks to A.I.

Google announced an AI update for search within Gmail. AI models will now deliver "top results" for queries.

Starbucks' iconic coffee cup has a climate problem as mobile, drive-thru orders boom

Reusable cups have long been an in-store option at the coffee chain, but with three-quarters of orders now drive-thru, mobile or delivery, it's a bigger issue.

Consumers keep traveling despite recession fears and inflation

Airline and other travel bookings have been strong, despite concerns about higher interest rates, inflation and an economic slowdown.

‘Not just a fad’: Firm launches fund designed to capitalize on A.I. boom

Roundhill Investments makes bullish bet on one of the market’s hottest trends.

Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores

At least two bidders are looking to purchase Buy Buy Baby amid Bed Bath & Beyond's bankruptcy, including one that wants to keep 75% of stores open.

Boycotts hit stocks hard. Here's what might be next for Bud, Target and others caught in the anti-Pride backlash

While it's too early to say how damaging boycott threats will be, damage has been done to the stocks of companies drawn into the latest culture war battle.

Tech stocks close out first six-week rally since January 2020

The Nasdaq Composite rose 2% this week, boosted by a big rally in Tesla and an earnings from software maker MongoDB.

Elon Musk and Twitter face growing brand-safety concerns after execs depart

High-level Twitter employees tasked with brand safety have left, creating a potentially bigger problem when it comes to policing hate speech.

Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says

In April, prices for food away from home rose 8.6% compared with the year-earlier period, according to the Bureau of Labor Statistics.

Why wealthy Americans love UBS, the secretive Swiss banking giant

UBS's wealth management division has attracted wealthy foreign clients, due in part to strong Swiss secrecy laws.

Even as inflation rate subsides, prices may stay higher. Here's why

Prices and inflation are still a "top concern" for U.S. consumers, one expert says. For many, the big question is how soon they may see financial relief.

93% of CEOs are preparing for a recession—here's what it means for you

Economists and business leaders alike see a recession on the horizon, but investors continue to push the stock market upward.

Zuckerberg unveils Meta Quest 3 VR headset days before Apple reveals its own

The Meta Quest 3 is the successor to the Quest 2 headset that was released in the fall of 2020 at a starting price of $299.

Senate passes bill to raise debt ceiling, preventing first-ever U.S. default

The Senate passed a House-approved bill to raise the debt ceiling and cap government spending, sending it to President Joe Biden.

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