Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in NVIDIA Corp (Symbol: NVDA), where a total of 2.2 million contracts have traded so far, representing approximately 223.2 million underlying shares. That amounts to about 1
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in NVIDIA Corp (Symbol: NVDA), where a total of 2.2 million contracts have traded so far, representing approximately 223.2 million underlying shares. That amounts to about 1
The England and Wales Cricket Board investigate an incident in a nightclub involving captain Ben Stokes and pace bowler Gus Atkinson following the first Test against New Zealand.
The England and Wales Cricket Board investigate an incident in a nightclub involving captain Ben Stokes and pace bowler Gus Atkinson following the first Test against New Zealand.
shaunl/E+ via Getty Images SLB ( SLB ) up 3.8% in Monday's trading, gaining along with other oilfield services stocks as crude oil prices rise, after saying it was awarded an engineering, procurement and construction contract by BP ( BP ) to provide a subsea boosting system for the Thunder Horse development in the deepwater U.S. Gulf; financial terms were not disclosed. As part of the contract, SL...
shaunl/E+ via Getty Images SLB ( SLB ) up 3.8% in Monday's trading, gaining along with other oilfield services stocks as crude oil prices rise, after saying it was awarded an engineering, procurement and construction contract by BP ( BP ) to provide a subsea boosting system for the Thunder Horse development in the deepwater U.S. Gulf; financial terms were not disclosed. As part of the contract, SLB ( SLB ) said OneSubsea will deliver a subsea boosting system, alongside associated project management, engineering, manufacturing, and testing required for execution. T he award builds on recent subsea boosting contracts for BP's ( BP ) Kaskida and Tiber developments, leveraging the same standardized high-pressure system solution. The company said its standardized approach is designed to improve execution efficiency and shorten delivery times compared to custom solutions. SLB OneSubsea is a joint venture backed by SLB ( SLB ), Aker Solutions ( AKRTF ), and Subsea7 ( SUBCY ) ( ACGYF ), headquartered in Oslo and Houston. More on SLB SLB: A High-Tech Way To Play The Oil Industry SLB.: Geographical Diversification May Deliver Growth, But Expect Near-Term Headwinds SLB Q1 2026 Earnings Call Transcript
Riot police fired tear gas to disperse scores of protesters rallying on Monday against plans to build on part of a national park in Kenya’s capital. Officers moved in and arrested at least nine people, including former Chief Justice David Maraga, outside the main entrance of Nairobi National Park, Reuters reporters said. Protesters - who waved placards marked with “Nature is not vacant land” a...
Riot police fired tear gas to disperse scores of protesters rallying on Monday against plans to build on part of a national park in Kenya’s capital. Officers moved in and arrested at least nine people, including former Chief Justice David Maraga, outside the main entrance of Nairobi National Park, Reuters reporters said. Protesters - who waved placards marked with “Nature is not vacant land” and other slogans - say the plans, including a parking area for more than 1,000 vehicles, will...
Phototreat/iStock via Getty Images Shares of Alibaba ( BABA ) and Baidu ( BIDU ) slipped into the red after the U.S. Department of Defense included the two within a list of Chinese military companies (CMC) operating in the U.S. This list has been expanded more liberally to now include entities subject to the "direction or control of a greater number of Chinese administrative bodies and their affil...
Phototreat/iStock via Getty Images Shares of Alibaba ( BABA ) and Baidu ( BIDU ) slipped into the red after the U.S. Department of Defense included the two within a list of Chinese military companies (CMC) operating in the U.S. This list has been expanded more liberally to now include entities subject to the "direction or control of a greater number of Chinese administrative bodies and their affiliates," versus the prior distinction of being a company "owned or controlled by the People’s Liberation Army or other organization subordinate to the Central Military Commission of the CCP." Therefore, under the new criteria, the Deputy Secretary of Defense has determined that Alibaba ( BABA ) and Baidu ( BIDU ) qualify for designation as Chinese military companies as they are “indirectly affiliated with State-Owned Assets Supervision and Administration Commission (SASAC) of the State Council and are a military-civil fusion contributor to the Chinese defense industrial base because they are affiliated with the Ministry of Industry and Information Technology (MIIT)” of the Chinese government. As a company named on the DoD list under Section 1260H, Alibaba ( BABA ) and Baidu ( BIDU ) can face DoD procurement bans, investment restrictions, and supply chain exclusions. This can include heightened trade scrutiny and additional challenges in obtaining licenses for U.S. technology. U.S. tech and merchandising companies can also be forced to divest or sever ties with companies listed as CMC to maintain their own federal contracts. Beginning June 30, 2026, the DoD will implement an “entity prohibition” that precludes the department from contracting directly with any CMC or any entity subject to the control of a CMC. On June 30, 2027, this prohibition will extend downwards through the supply chain, prohibiting the DoD from acquiring goods or services that include those sourced from a CMC or entities subject to their control. More on Alibaba, Baidu Baidu: The AI Re-Rating Has Begun Ba...
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and President Donald J. Trump. Reuters | Getty Images Sam Bankman-Fried has formally submitted a request for a presidential pardon, according to information listed on the U.S. Department of Justice Office of the Pardon Attorney website. The cofounder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison senten...
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and President Donald J. Trump. Reuters | Getty Images Sam Bankman-Fried has formally submitted a request for a presidential pardon, according to information listed on the U.S. Department of Justice Office of the Pardon Attorney website. The cofounder of the now defunct FTX crypto exchange is currently serving a 25-year federal prison sentence after he was found guilty of orchestrating a massive fraud scheme that misused billions of dollars in customer funds at FTX and its affiliated trading firm, Alameda Research. The exact date of the filing isn't clear but DOJ records indicate the request for "pardon after completion of sentence" was submitted in 2026 and is pending. President Trump said in a January interview with the New York Times that he has "no intention of pardoning" several high-profile people including Bankman-Fried. Trump has issued 147 pardons and commutations so far in his second term, according to the Department of Justice, including all of the Jan. 6-related cases . During his first term, he granted 238 pardons and commutations in total. Neither the White House nor the Justice Department responded to a request for comment. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Prices for a key nitrogen fertilizer have dropped dramatically, giving up all of the soaring gains as the conflict in Iran upended global supply chains for the crop nutrient. Prices for granular urea in New Orleans dropped to $453.50 per short ton, the lowest level since Feb. 6, according to Friday data from Bloomberg Green Markets. That’s down 36% from mid-April, when markets spiked to the highes...
Prices for a key nitrogen fertilizer have dropped dramatically, giving up all of the soaring gains as the conflict in Iran upended global supply chains for the crop nutrient. Prices for granular urea in New Orleans dropped to $453.50 per short ton, the lowest level since Feb. 6, according to Friday data from Bloomberg Green Markets. That’s down 36% from mid-April, when markets spiked to the highest levels since 2022. Urea is the most common form of nitrogen fertilizer, the class of crop nutrients that faced the most immediate price reaction to the US’s attacks on Iran and the ensuing blockage of the Strait of Hormuz. Nearly half of the world’s urea exports come from countries affected by the conflict, according to the Fertilizer Institute . The drop in demand comes as US farmers have largely finished applying fertilizers for the spring planting season. Meanwhile, the US and Iran are trying to reach a deal to reopen the Strait of Hormuz. Oversupply and weak demand have been pressuring urea prices in the US, Bloomberg Intelligence analysts Daniel Cole and Alexis Maxwell said last week . Domestic prices have in some cases fallen below that of more import-reliant countries like Brazil, potentially encouraging exports. A benchmark in Egypt also plunged to the lowest level since Feb. 27, right before the war began, according to Bloomberg Green Markets. Still, prices of $580 a metric ton (about $640 per short ton) are significantly higher than the US market. Nitrogen fertilizer makers including CF Industries Holdings Inc. and Nutrien Ltd. saw a first-quarter sales windfall from the spike in prices. Shares in the companies had surged, but are now down about 20% from their respective mid-March peaks.
Nostal6ie/iStock via Getty Images ITT Inc. ( ITT ) had already been doing well for itself on the back of multiple self-help initiatives, including share-gaining new product introductions, but an upturn in short-cycle markets and a sizable accretive acquisition late in 2025 have added more wind to the company’s sails in 2026. When I last wrote about ITT in December of 2025, I was concerned about th...
Nostal6ie/iStock via Getty Images ITT Inc. ( ITT ) had already been doing well for itself on the back of multiple self-help initiatives, including share-gaining new product introductions, but an upturn in short-cycle markets and a sizable accretive acquisition late in 2025 have added more wind to the company’s sails in 2026. When I last wrote about ITT in December of 2025, I was concerned about the rising valuations for quality flow control companies but thought that self-help could offset at least some of that risk. Since then, ITT shares are up about 6%, lagging the broader industrial space by about eight points. Comparables like Crane ( CR ), Flowserve ( FLS ), Parker-Hannifin ( PH ), Sulzer ( SUZRY ), and Weir ( WEGRY ) have likewise lagged. ITT is a case where I like, and believe in, the business for the long term, but I do have short-term valuation and sentiment concerns. I wouldn’t necessarily say that the Street has bailed out and moved on, but valuation is demanding and rewards the business for the quality and growth potential present. That said, investments in top companies have a way of working out over the long term, and I’m reluctant to sell out of a winner that is executing well and still leveraged to improving markets and growth opportunities. Another Beat-And-Raise Quarter ITT did its part to keep sentiment positive with a stronger than expected first quarter and better guidance for the remainder of the year. While there are some areas of weakness in process end-markets, short-cycle markets are healthy, and the company continues to gain share in areas like brakes while also leveraging growth opportunities in aerospace and defense. Revenue rose 11% in organic terms this quarter, beating by about 10%. While that sounds impressive, and ITT did beat on an organic basis, the real underlying beat looks to be more on the order of 5% to 7%, with the rest coming from the unpredictability of the SPX FLOW contribution, as that deal closed during the quarter and...
A San Diego police department is facing a lawsuit after jailing a man for a month based on a Flock camera alert that cops allegedly should have known, based on the timestamp, did not depict the car that they were looking for. Last November, Hugo Parra was arrested on felony charges after San Diego police relied on Flock data and a witness statement to wrongly connect him to an attempted carjacking...
A San Diego police department is facing a lawsuit after jailing a man for a month based on a Flock camera alert that cops allegedly should have known, based on the timestamp, did not depict the car that they were looking for. Last November, Hugo Parra was arrested on felony charges after San Diego police relied on Flock data and a witness statement to wrongly connect him to an attempted carjacking at gunpoint, the Times of San Diego reported . Cops were looking for a red Alfa Romeo car with tinted windows and a man wearing a gray hoodie, and Parra happened to be wearing a white hoodie while riding in a friend's car that roughly matched the vehicle description. Although Flock cameras can capture license plate data, cops did not have even a partial plate to help them verify if the car was involved in a violent crime. But the Flock data cops used to justify the arrest actually showed that Parra was five miles away at the time of the crime, Parra's attorney, Alex Coolman, told the Times of San Diego. Rather than arrest him, cops could have used that data, as well as Parra's cellphone location data, to corroborate Parra's statement that he was innocent, Coolman said. Read full article Comments