Author: News Room

It didn’t take long, and he didn’t have to go far. On Friday night, Robert Murray of Fansided reported that J.D. Davis and the Oakland A’s had agreed to a one-year, $2.5 million contract. With the deal, Davis moves across the Bay, going from the San Francisco Giants, who designated him for assignment earlier this week, to the concurrently rebuilding and tearing down A’s, who still have no official home beyond 2024. But beyond 2024 is of no concern to Davis, who with this signing recoups nearly half of what he lost when the Giants exercised what some have described…

By Erwin Seba HOUSTON (Reuters) -Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from U.S. refiners completing planned overhauls. futures slid 9 cents or 0.11% to $85.33 a barrel at 12:16 p.m. CDT (1716 GMT). U.S. West Texas Intermediate (WTI) crude was down 17 cents or 0.21% to $81.09. “Supplies are tightening” for motor fuels, said Phil Flynn, analyst at Price Futures Group. “Prices are at risk to go higher.” But “there are worries…

Hugo Travers may not think of himself as a journalist, but he could be the most popular one in France. Travers, 26, is the founder and face of HugoDecrypte, a French media start-up that delivers news aimed primarily at young audiences. What began eight years ago as a university student’s YouTube channel now boasts 14 million followers across its social media accounts, 200 million monthly views on TikTok and another 35 million on YouTube. HugoDecrypte’s Instagram account has more followers than Le Monde, the French daily widely considered the country’s newspaper of record, as well as BFMTV and France24, arguably…

Former Trump adviser Peter Navarro is asking the Supreme Court to let him avoid reporting to a federal prison next week to begin serving a four-month sentence for his contempt of Congress conviction. In an emergency request filed Friday afternoon, Navarro asked the court to let him remain free while he challenges the conviction before the federal appeals court in Washington, DC. Navarro has been ordered to report to a federal prison in Miami by March 19. Navarro’s attorneys argued that pausing a lower court’s ruling rejecting his bid to stay free is warranted when the person making the request…

The White House on Friday said federal regulators are doing everything they can to assuage Americans’ anxieties about flying after notable recent mishaps on Boeing planes. But asked directly whether President Joe Biden thinks it’s safe to fly, press secretary Karine Jean-Pierre sidestepped. “I think what he – I think what Americans should know is that (the Federal Aviation Administration) is doing everything that it can to make sure that Americans feel safe,” Jean-Pierre told reporters during a press briefing Friday. She added that the FAA is taking actions “to make sure that there is increased safety oversight of Boeing…

Rolf Habben Jansen, CEO of Hapag-Lloyd, the world’s fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. Conversations with clients and other logistics companies have led the shipping CEO to a more optimistic view on demand in the second half of the year than projected in previous forecasts.”We also see that inventories are depleted in many cases and so far we’ve seen a good recovery after Chinese New Year,” Jansen said. “So we’ve been fairly happy with that.”The company reported a steep drop in its 2023 net profit this week and slashed…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks declined on Friday as investors looked to wrap up a volatile trading week. The S & P 500 and Nasdaq slipped 0.4% and 0.5%, respectively, in morning trading. The blue-chip Dow was down slightly as well. This follows a losing session, spurred by inflation concerns on Thursday’s hotter-than-expected producer price index print. Shares of chip names like Nvidia and Broadcom whipsawed this week. Still, Jim Cramer said investors shouldn’t worry about the group…

Check out the companies making headlines in midday trading. Geron Corporation — Shares of the biotech company soared 92% after a U.S. Food and Drug Administration advisory panel voted in favor of Geron’s blood disorder treatment, imetelstat. Geron expects a regulatory decision in June. Micron Technology — The semiconductor stock gained 2% after Citi named Micron one of its top picks and increased its price target by $55 to $150. The bank said shares deserve a premium given the company’s increasing exposure to artificial intelligence. Rivian Automotive — Shares popped 3.3% after Piper Sandler upgraded the electric vehicle maker to…

The Google office in New York on February 2, 2023.Ed Jones | Afp | Getty ImagesAllison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of looking for a job right now: “Insane.””Everybody else is also getting laid off,” said Croisant, who lives in Omaha, Nebraska, where she worked remotely for PayPal.Her sentiment is reflected in the numbers. Since the start of the year, more than 50,000 workers have been laid off from…

JPMorgan analysts have noted that allocation of Bitcoin (BTC) in investor portfolios has surpassed that of gold when adjusted for volatility. Specifically, Bitcoin’s allocation is 3.7 times greater than that of gold. Moreover, they pointed out a net inflow of $9 billion into Bitcoin ETFs since their inception, which offsets outflows from Grayscale. Bitcoin Achieves Milestone Against Gold JPMorgan’s declaration suggests a potential Bitcoin ETF market size of $62 billion if gold is used as a benchmark. Furthermore, February marked a notably optimistic period for the cryptocurrency market, with the total market capitalization soaring by nearly 40% month-over-month to $2.2…