Iraq and Syria signed an agreement Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz. Baghdad and Damascus signed the deal at a Chamber of Commerce summit in Washington on U.S. investment in Iraq. Energy Secretary Chris Wright presided over the signing by Basra Oil Company CEO Bassem…
Middle East oil producers plan to build new pipelines to reduce their dependence on the Strait of Hormuz, as Iran disrupts the Gulf states’ seaborne crude exports with near daily attacks on tankers. But new pipelines will not end the threat to the region’s energy exports, analysts said. This infrastructure is just as vulnerable to…
Billboards in Times Square celebrate the SpaceX IPO debut at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC Good times for SpaceX are proving short-lived as Elon Musk’s intergalactic IPO is now giving fodder to bears who said the U.S. stock market wasn’t ready for a $2 trillion market-cap injection. Shares of the…
Apple and Nvidia battled it out on Friday for the title of world’s most valuable company, with the iPhone maker briefly topping the long-time leader in market value. Shares of Nvidia briefly dropped about 3% and its market value dipped to $4.84 trillion in early morning trading, while Apple hovered near a $4.88 trillion market…
A SpaceX Starship spacecraft rolls out toward its launch pad past the Starbase Manufacturing Facility before its 10th test flight from the company’s complex in Starbase, Texas, U.S., August 23, 2025. Steve Nesius | Reuters SpaceX’s stock fell further on Friday, a day after it aborted a test flight for its Starship rocket at the…
A sign at BP Plc petrol station in London, UK, on Monday, Aug. 4, 2025. Bloomberg | Bloomberg | Getty Images BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country’s energy sector and reduce the region’s reliance on routes vulnerable…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Friday as investors weighed escalating tensions between the United States and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike…
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Asia tech stocks tumbled on Friday as a fresh rout in U.S. semiconductor shares spread across Asia, underscoring growing…
Lorie Logan, president and chief executive officer of the Federal Reserve Bank of Dallas, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025. Desiree Rios | Bloomberg | Getty Images Dallas Federal Reserve President Lorie Logan, asserting that this week’s good inflation news wasn’t…
The Commodity Futures Trading Commission has been the lead regulator on event contract exchanges for over 30 years after it issued a 1992 ruling on the Iowa Electronic Markets, widely recognized as the first prediction market. Now, as prediction markets are booming, legal experts increasingly speculate the CFTC’s sibling agency — the U.S. Securities and…
