Oil spikes back above $100 as Russia fears grow
CNN
Oil prices surged Thursday back above $100 a barrel on renewed concerns about the war in Ukraine disrupting Russia's energy supplies.
After sinking below $94 a barrel earlier this week, US crude soared 8% to $102.65 a barrel in afternoon trading. Brent crude spiked 9% to $107 a barrel.
The swift rebound in oil prices will be watched closely by leaders in Washington and on Wall Street because high energy prices threaten to exacerbate inflation and slow the economy.
A majority of the Supreme Court appeared likely to uphold a controversial ban on TikTok over concerns about its ties to China, with justices lobbing pointed questions at lawyers for the social media app and a group of its content creators.
Prosecutors seek 15 years in prison for former New Jersey Sen. Bob Menendez after bribery conviction
Prosecutors say former US Sen. Bob Menendez should be imprisoned for 15 years, after the Democrat from New Jersey became the first to be convicted of abusing a Senate committee leadership position and the first public official to be convicted of serving as a foreign agent.
Greenland’s leader said on Friday he had not been in contact with incoming US president Donald Trump, who has said he wants control over the Arctic island, and urged everyone to respect Greenland’s wish for independence.
Donald Trump was sentenced without penalty in the New York hush money case Friday after a symbolic – and historic and unprecedented – hearing following the first felony conviction of a former and soon-to-be sitting president.
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.
Venezuela’s Nicolas Maduro was sworn in for a third presidential term after an election the opposition says was rigged.
Woman who stabbed classmate to please Slender Man can be released from psychiatric hospital
Public support for the man accused of killing UnitedHealthcare CEO Brian Thompson raises the possibility of a legal result in the gray area of American law.
Chinese hackers breached the US government office that reviews foreign investments for national security risks, two US officials familiar with the matter told CNN.
A Canadian “Super Scooper” aircraft fighting the Palisades Fire in Los Angeles had to be grounded after it hit a drone flying in restricted airspace over the devastating blaze on Thursday, the local fire department said.
As residents in the Los Angeles area grapple with the ongoing realities of the devastating wildfires ravaging the densely populated metropolis nestled between the Pacific Ocean and mountain ranges, several iconic landmarks and beloved local institutions have fallen victim to the flames.