1 / 39

Ramadan in Indonesia

Indonesian Muslims prepare to sight the new moon from the rooftop of the Al-Hidayah Basmol mosque in Jakarta on July 8, 2013 in preparation for the beginning of the Muslim holy fasting month of Ramadan. The start of the holy month of Ramadan, when the faithful abstain from eating from dawn to sunset, is determined by the sighting of the new moon. AFP PHOTO / ROMEO GACAD

In photos: Muslims ready to welcome Ramadan

The Muslim fasting month of Ramadan is due to begin this week. See how Muslims around the world are preparing for the month.

  • Oil went through the roof after a report that OPEC reached a deal to limit production
    Business
    Business Insider

    Oil went through the roof after a report that OPEC reached a deal to limit production

    Oil is going through the roof following a Reuters report citing sources that say OPEC has reached a deal to limit oil production, with the deal going into effect in November. Prices for Brent crude oil, the international benchmark, surged by as much 6.3%, to $49.44 per barrel, around 2:33 p.m. ET. "OPEC agreed on Wednesday to reduce its oil output to 32.5 million [barrels per day] from the current production levels of around 33.24 million bpd, two OPEC sources told Reuters.

  • 10 Worst College Majors for Your Career
    Business
    Kiplinger.com

    10 Worst College Majors for Your Career

    Going to college promises the opportunity to further your education, meet new people and get a taste of independence. It does not guarantee a lucrative career after graduation. While it's true that a worker with a bachelor's degree typically earns 67.7% more than someone with just a high school diploma, according to the U.S. Bureau of Labor Statistics, what you study can be a better indicator of your future employability and earnings potential. We analyzed data for 215 popular college majors, looking at the typical starting and mid-career salaries expected from each. We also examined recent online job postings seeking candidates with those majors, as well as long-term growth expectations for

  • Let's fill a toilet with 240 pounds of mercury and then flush it
    Science
    CNET

    Let's fill a toilet with 240 pounds of mercury and then flush it

    Mercury, both beautiful and potentially dangerous, is a heavy metal that's liquid at normal ambient temperatures. It can be poisonous and should be treated with care. So what do you do with several large flasks of the shimmery stuff? You flush it down a toilet, of course. YouTube channel Cody's Lab filmed that exact experiment for us all to watch with wonder. Related stories Flush a functional solid-gold toilet at the Guggenheim Museum Iron Throne toilet lets you rule the bathroom The Cody's Lab video, posted on Tuesday, kicks off by discussing just how hard it is to flush a dense lead bullet down a toilet. You need a super-sucker of a loo to get the job done. The bullet test prompted Cody to

  • Andrea Tantaros Refuses ‘Seven Figure’ Settlement Offer from Fox News to Drop Harassment Case
    Entertainment
    Variety

    Andrea Tantaros Refuses ‘Seven Figure’ Settlement Offer from Fox News to Drop Harassment Case

    The attorney for former Fox News Channel personality Andrea Tantaros said Wednesday the host had turned down a settlement offer in the  “seven figures” and would continue to press her case alleging harassment by senior executives at the 21st Century Fox-owned cable-news outlet. The legal development threatens to fan the flames of a controversy that the network and its parent hope to extinguish: Roger Ailes, the leader of the network and architect of its popular and influential programming, was ousted in July in the wake of a lawsuit filed by former Fox News anchor Gretchen Carlson alleging sexual harassment by the executive. “As has been widely reported, Fox News previously offered Ms. Tantaros seven figures to renounce her harassment claims against Ailes (and others) in exchange for her eternal silence,” said Judd Burstein, a lawyer representing Tantaros in the matter, in a statement.

  • Unhappy Target customers send strong message on pill bottles
    TGT
    Associated Press

    Unhappy Target customers send strong message on pill bottles

    Longtime customers of Target's pharmacies are finding a change in pill bottle design hard to swallow. After CVS began operating Target's drugstores earlier this year, distraught customers have been asking — in some cases begging — the drugstore chain to bring back the retailer's red prescription bottles, which came with color-coded rings, labeling on the top and prescription information that was easier to read. Vivian Ruth Sawyer went fishing through her trash to rescue the old Target bottles soon after opening her stapled prescription bag to find the dowdy, white-capped amber vials that are common in most medicine cabinets.

  • 4 in 10 Parents Saving for College Are Making This Really Expensive Mistake
    Business
    Money

    4 in 10 Parents Saving for College Are Making This Really Expensive Mistake

    Four in 10 parents say they’re using a checking account to hold their college savings, and six in 10 report using a plain old savings account, in Sallie Mae’s annual How America Saves for College report. In fact, more than 40% of all college-savings dollars are held in low- or no-return vehicles such as checking accounts, savings accounts, or certificates of deposit. Interest rates in those accounts are negligible—less than 0.1% for most checking accounts and less than 1% for savings accounts.

  • News
    CNBC Videos

    Cramer's Stop Trading: Apple

    CNBC's Jim Cramer explains why he is watching Apple.

  • Here’s Who the Betting Markets Are Saying Will Win the Election
    Politics
    The Fiscal Times

    Here’s Who the Betting Markets Are Saying Will Win the Election

    Anyone who missed last night’s presidential debate and turned to social media to try to determine how it went might have a difficult time figuring out whether Hillary Clinton or Donald Trump came away on top. Trump supporters and the candidate himself are busy declaring victory and promoting internet polls in which as many as 80 percent of respondents claimed that Trump won. Team Clinton, meanwhile, has also declared victory and is citing multiple analysts in the media who insist that Clinton won, either by virtue of Trump self-destructing or her superior preparation.

  • This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'
    Business
    CNBC.com

    This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'

    "The big takeaway is how into a corner the Saudis have backed themselves. This whole plan has backfired on them. They're going to be bearing most of the cutback if they pull it off, and they've had to really kowtow to the Iranians in this whole thing," Kilduff told CNBC's "Power Lunch." In April, OPEC members and Russia met in Doha, Qatar, to hammer out a deal to freeze production at January levels. But Saudi Arabia scuttled that plan when its regional rival, Iran, refused to participate. Ahead of the meeting in Agiers, Saudi Arabia softened its stance, reportedly offering to cut its own production if Iran agreed to freeze its current output at roughly 3.6 million barrels a day. On Tuesday, the

  • Japan conglomerates seek to merge loss-making nuclear fuel operations: sources
    GE
    Reuters

    Japan conglomerates seek to merge loss-making nuclear fuel operations: sources

    Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, people with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Hitachi Ltd , Toshiba Corp and Mitsubishi Heavy Industries Ltd aim to merge the operations as early as spring 2017, one of the people said, declining to be identified as the discussions were confidential.

  • Tyson Foods recalls chicken nuggets sold at Costco stores
    Business
    Reuters

    Tyson Foods recalls chicken nuggets sold at Costco stores

    Tyson said it got complaints from consumers saying they had found small pieces of hard, white plastic in the nuggets, prompting the recall. The plastic may have originated from a rod used to connect a plastic transfer belt, the U.S. Department of Agriculture's Food Safety and Inspection Service said, and classified it as a Class I recall. There have been no injuries associated with this recall, Tyson said.

  • Business
    Reuters

    Ship shake: Hanjin woes may help float tech, data start-ups

    The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd , is slowly waking up to the redeeming potential of technology. While sensor-laden containers, smart ships and 3D printing have grabbed the headlines, the start-ups making the biggest inroads are those working on something more basic - streamlining the interaction between shippers, freight forwarders, and those actually transporting the goods. "This is way up there on the list of insanely complex systems with enormous impact on the global economy," says Trae Stephens of Founders Fund, which this week led a $65 million investment round in Flexport, a start-up focusing on providing logistics services and data.

  • BARC.L
    Bloomberg

    Credit Suisse, Barclays Said to Be in Mortgage-Settlement Talks

    Deutsche Bank AG isn’t the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group AG and Barclays Plc are also each in settlement talks with the Justice Department, according to people familiar with the matter. A Credit Suisse deal could be announced within several weeks, one of the people said. The people all asked not to be named because the negotiations are confidential. The talks bring to at least three the number of banks in active discussions to settle investigations into mortgage-backed securities dealings that sparked the 2008 financial crisis.

  • News
    CNBC Videos

    Why investors should look at listed real estate

    The return and risk characteristics of listed real estate are exactly the same as real estate assets, says AMP capital's Charles Wong.

  • Business
    Reuters

    U.S. Supreme Court agrees to hear credit card surcharge fee fight

    The U.S. Supreme Court on Thursday agreed to hear a challenge to a New York state law barring retailers from imposing surcharges on customers who make purchases with a credit card rather than cash. The court will hear an appeal filed by a group of merchants to a September 2015 ruling by the New York-based 2nd U.S. Circuit Court of Appeals that upheld the law. Retailers have long complained about the cost of accepting credit cards including "swipe fees," a percentage of a credit card transaction the merchants pay to networks such as MasterCard Inc and Visa Inc every time a credit card is swiped to pay for a purchase.

  • South Korea to widen Takata air bag recall by 110,000 vehicles
    Business
    Reuters

    South Korea to widen Takata air bag recall by 110,000 vehicles

    South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp's (7312.T) defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a new round of recall of Takata's air bag inflators which have been linked to at least 14 deaths and more than 100 injuries and triggered the largest-ever auto recall. South Korea's transport ministry said a total of 221,870 vehicles made by 17 automakers have faulty Takata air bags.

  • Oil gains, energy shares buoy global stocks; yen slides
    Business
    Reuters

    Oil gains, energy shares buoy global stocks; yen slides

    By Rodrigo Campos NEW YORK (Reuters) - Energy shares buoyed global stocks on Thursday as crude prices added to the previous session's gains on optimism over a plan among OPEC members to curb output. The expected agreement lifted

  • VW CEO hopeful of deal with U.S. authorities by year-end
    News
    Reuters

    VW CEO hopeful of deal with U.S. authorities by year-end

    Volkswagen AG Chief Executive Matthias Mueller said on Wednesday he is hopeful the German automaker can reach agreement by the end of the year with the U.S. government on the size of a fine to settle a criminal investigation of the company's alleged violations of U.S. clean air laws. Mueller, speaking on the sidelines of the Paris auto show, said he also sees “good progress” toward an agreement with U.S. regulators that could allow Volkswagen to repair certain 3.0 liter diesel engines that emit more pollutants than U.S. law allows. Speculation that the U.S. Justice Department will demand a multibillion-dollar fine to settle a criminal investigation of the automaker's use of illegal software to deceive U.S. environmental regulators sent Volkswagen shares into a tailspin earlier this week.

  • Sumner Redstone urges Viacom-CBS deal, rules out others
    News
    Reuters

    Sumner Redstone urges Viacom-CBS deal, rules out others

    Privately held National Amusements said in a letter to both companies' boards that a merger would bring significant savings, but it would not support a transaction that would cause it to surrender control of CBS, Viacom or a combined entity. CBS shares rose 3.1 percent to $55.82 in morning trading, while Viacom was up 1.1 percent at $36.97. When Redstone split CBS from Viacom 10 years ago, investors saw the mainstream broadcaster as a slow-moving company catering to an older audience, compared with the young, scrappy Viacom, whose networks include Nickelodeon and MTV.

  • Business
    Reuters

    U.S. software firm Apttus raises $88 million from private investors after delaying IPO

    Software maker Apttus has raised more money from private investors, postponing plans for an initial public share offer until next year because of the current uncertainties facing markets, including the U.S. presidential election. Apttus was putting the finishing touches on its IPO filing early this year, just as the stocks of cloud computing companies took a beating. A deep sell-off in February hit the likes of Salesforce.com Inc and Workday Inc and effectively shut down IPO opportunities for many software start-ups, with the subsequent rally in share prices only adding to the uncertainty.

  • Ex-Fox anchor's doctor backs sexual harassment claims against Ailes
    Business
    Reuters

    Ex-Fox anchor's doctor backs sexual harassment claims against Ailes

    An ex-Fox News anchor told her therapist that former network chairman Roger Ailes sexually harassed her, two years before she went public with the allegations that the company said she made up, a document filed in court on Wednesday said. Lawyers for Andrea Tantaros filed a statement in New York state court in Manhattan from the therapist, who said Tantaros spoke to her about the harassment in 2014. Tantaros sued Ailes and Fox News, a unit of Twenty-First Century Fox Inc in August.

  • Politics
    Reuters

    UK signs long-awaited Franco-Chinese nuclear project behind closed doors

    By Kate Holton and Karolin Schaps LONDON (Reuters) - A $24-billion deal to build Britain's first new nuclear power station in decades was signed behind closed doors in London on Thursday in a private ceremony that underlined Prime Minister Theresa May's cautious approach to the Franco-Chinese project. Journalists were not invited to the event but the government said the contract had been formally signed by Britain's Business Secretary Greg Clark, French Foreign Minister Jean-Marc Ayrault and China's National Energy Administration Director Nur Bekri. Hinkley Point C will now be built in southwest England by France's EDF with $8 billion of cash from China.

  • Business
    Reuters

    Britain's Capita feels Brexit chill as profits, shares take a hit

    Outsourcing group Capita (CPI.L) warned on Thursday that delays in decision making by customers after Britain's vote to leave the European Union would hit its 2016 profit, wiping $2.3 billion (£1.77 billion) off its shares in their worst day of trading. Capita, which provides services to banks, the national health service, retailers and utilities, said it was seeing weaker demand for IT products, recruitment services and reluctance from clients to sign off on major contracts. Britain's economy has held up better than expected since the June 23 vote but the problems at Capita show how uncertainty over Brexit is feeding through to investment decisions and is also having a knock-on impact on sales and profits.

  • As Deutsche struggles, German lawmakers say no more help for ailing banks
    Politics
    Reuters

    As Deutsche struggles, German lawmakers say no more help for ailing banks

    Germany will not help ailing lenders such as Deutsche Bank, senior lawmakers in Chancellor Angela Merkel's conservative bloc said on Thursday, as resistance grew to any possibility of staging a rescue. With Merkel meeting European Central Bank chief Mario Draghi on Thursday, Berlin has already flatly denied it is planning any repeat of the taxpayer-funded bailouts that Germany and other Western countries mounted during the global financial crisis. This followed a newspaper report earlier in the week that the German government had made provisional plans to rescue Deutsche (DBKGn.DE), which is fighting a fine of up to $14 billion from the U.S. Department of Justice.

  • Business
    Reuters

    EM ASIA FX-Asia currencies lose momentum as doubts rise over OPEC deal

    * Ringgit at 1-week high; resistance seen at 4.10/dlr * Won turns softer after 3-week peak on refiners' dollar demand * Taiwan dollar up on equity inflows; oil importers limit gains (Adds text, updates prices) By Jongwoo Cheon SINGAPORE