The spot price for current physical cargoes of Brent crude oil soared Thursday to $141.36, the highest level since the 2008 financial crisis, according to S&P Global, which tracks the data. The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for…
AI startup ElevenLabs announced on Wednesday it had raised $500 million at an $11 billion valuation, as it eyes a potential IPO. Sequoia Capital led the round, with participation from existing backers Andreessen Horowitz and Iconiq, as well as new investors Lightspeed Venture Partners, Evantic Capital, and Bond. The raise more than triples the $3.3…
Kalshi’s logo appears on a smartphone placed on a reflective surface, with a blurry betting curve projected in the background in Creteil, France, on March 9, 2026, during a major scandal and $54 million lawsuit concerning bets related to recent strikes in Iran. Nurphoto | Nurphoto | Getty Images A federal appeals court ruled on…
My top 10 things to watch Friday, Oct. 3 1. Boeing problems: The planemaker’s new 777X widebody jet is now set to make its commercial debut in early 2027 instead of next year, Bloomberg reported this morning. That delay could expose Club name Boeing to sizable non-cash accounting charges. Safety certification work is taking longer…
David Montgomery wants to leave the Detroit Lions, or does he? The standout running back questioned an ESPN report that stated he’s requested to leave Detroit this offseason. “Damn, Dmo told you that ?” Montgomery replied in a post about the report on X, seemingly referring to himself as “Dmo.” While Montgomery disputed ESPN’s report,…
Now that the NFL Draft is behind us, the bulk of the 2026 NFL offseason is in the books — and it was really one to remember. There were 10 new head coaches hired, the most since 2022. The Arizona Cardinals decided they no longer wanted Kyler Murray, but the Minnesota Vikings deemed him good…
A Peloton stationary bicycle inside a store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton on Thursday posted its second profitable quarter in a row as it released strong guidance for the crucial holiday shopping season, banking on its relaunched product assortment to drive…
ABOARD A HONEYWELL TEST PLANE — Aerospace giant Honeywell is building new cockpit alerts that developers say will give airline pilots more precious time to react to hazards at airports. Honeywell senior test pilot Capt. Kirk Vining late last month put the alerts — called Surface Alert, or SURF-A — to the test by recreating…
Global stocks have fluctuated wildly over the past week, as concerns about AI valuations hang over equity markets. Some respite from a four-day sell-off followed Nvidia ‘s earnings release on Wednesday, but its own gains were quickly reversed during Thursday’s trading session as New York-listed stocks lost further ground . Friday saw U.S. stocks rebound…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch It is tempting, in assessing what 2025 brought for the U.K. economy and for Britain’s corporates and financial markets, to focus more on what didn’t happen than on what did. Most obviously, widely expected interest rate…
