Rowan also signed onto another five-year stint with the investment firm.

The Vienna-based cartel retained its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026.

Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs. 

The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to accelerate on lower prices and an improving economic outlook in developed countries.

Investors weigh an important matter: whether barriers are stronger to raising rates—or cutting them.

Oil prices rose slightly as traders awaited more clarity on the effect of sanctions on Russia, while reports of an imminent cease-fire deal between Israel and Hamas capped gains.

The dollar fell against a basket of currencies after CPI data showed December inflation was in line with expectations.

Treasury yields fell as December headline 12-month CPI rose from November but met economists’ forecasts.

Gold futures rose on a weaker dollar and U.S. inflation data that marginally boosted optimism for monetary-policy easing by the Fed.

U.S. stock futures moved higher after bank earnings and inflation data flowed in.

The chip maker said it will remain an investor in Intel Capital, founded in 1991 with over $5 billion in assets under management.

The retired executive has alleged that the firm’s longtime investment chief, Kenneth Leech, defrauded some clients nearly a decade earlier than what federal prosecutors asserted in their recent criminal indictment.

Mark Wiedman was most recently head of BlackRock’s global client business

The executives have been fined a total of $18.5 million for their alleged roles relating to sales misconduct in the mid-2010s.

Further near-term declines in Cushing stocks would likely put more upward pressure on crude spread — the difference between the front month contract and subsequent months.

Daniel Pinto had taken over briefly for Dimon in 2020 when a heart issue sidelined him. The bank named Jennifer Piepszak as chief operating officer.

The Consumer Financial Protection Bureau says millions of customers lost out on $2 billion in interest payments.

The economy suggests a weaker yuan. But the prospect of capital flight makes Beijing wary of allowing any sudden depreciation.

The deal follows strong investor interest in businesses connected to the AI boom.