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Monthly Archives: December 2023

Oil prices set to rise in 2024 after OPEC+ voluntary cuts

Processing towers stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices are expected to rise in the new year after some OPEC+ oil producers voluntarily pledged to cut output. The oil cartel on …

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Federal judge blocks Montana’s TikTok ban, which would have been the first of its kind

TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. Jaap Arriens | Nurphoto | Getty Images A federal judge in Montana has blocked a law that would have resulted in a state-wide ban of TikTok starting on Jan. 1, 2024. Judge Donald …

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Jim Cramer explains why it’s hard to be bullish on healthcare

CNBC’s Jim Cramer on Thursday told investors why it’s hard to be bullish about healthcare stocks, citing challenges stemming from government action and lack of innovation. “We could really use some strength in the downtrodden health care sector, which accounts for just 13% of the S&P 500 even though it’s …

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Cramer reviews November’s top ten performers on the Russell 1000

CNBC’s Jim Cramer on Thursday went through the top ten performers on the Russell 1000 index during November, explaining why these smaller stocks saw success. “If you think we’re going to have a soft landing, if you believe inflation’s coming down, if you believe that interest rates have peaked, then …

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Read Linda Yaccarino’s message to X employees about Musk interview

Linda Yaccarino, CEO, X/Twitter speaks onstage during Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California.  Jerod Harris | Getty Images Entertainment | Getty Images Linda Yaccarino sent a memo to employees of X (formerly Twitter) on Thursday in the aftermath …

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This tiny country drove 15% of Nvidia’s revenue – here’s why it needs so many chips

Microchip and Nvidia logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As Nvidia posted stellar third-quarter results last week, industry observers pointed out that …

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India, not China, will lead APAC growth in next 3 years: S&P Global

India’s GDP growth is expected to reach 6.4% in 2024, and will hit 7% in 2026, according to S&P Global. Kriangkrai Thitimakorn | Moment | Getty Images As China’s economy slows, the main engine of growth in Asia-Pacific will move away from the world’s second largest economy to South Asia …

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China consumption shows no sign of strong V-shaped recovery: McKinsey

Consumers eating shabu shabu at a restaurant in Lianyungang City, East China’s Jiangsu Province, Nov 26, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China’s consumer isn’t going to be spending big anytime soon, which means companies need to be more strategic to tap what’s still a …

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Nashville added nearly 100 new residents per day in 2022

Nashville skyline at dusk. John Greim | LightRocket | Getty Images This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Over the past 30 years, Nashville, …

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OpenAI tender offer on track despite leadership fracas: sources

Sam Altman, CEO of OpenAI participates in the “Charting the Path Forward: The Future of Artificial Intelligence” at the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 16, 2023. Andrew Caballero-Reynolds | AFP | Getty Images OpenAI’s tender offer, which would allow employees to sell shares …

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