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Goldman Sachs expects Brent prices to average at $92 per barrel (bbl)in 2024, and expects the oil market to tighten at a moderate pace amid solid demand while core OPEC supply remains low. The bank in a note dated Thursday said it expects a 0.7 million barrel per day (mb/d) deficit and a solid 1.6 million barrel per day demand growth in 2024. Goldman highlighted that while it expects the oil market to tighten at a moderate pace, still sees significant spare capacity to handle tightening shocks. It added in the note that Organization of the Petroleum Exporting Countries (OPEC) is poised to maintain Brent within the $80-$100 range by establishing an "$80 floor from the OPEC put, and a $100 ceiling from spare capacity." Meanwhile, Saudi Arabia and Russia, part of the OPEC+ group of producers, this month confirmed they would continue with additional voluntary oil output cuts until the end of the year as concern over demand and economic growth continue to weigh on crude markets. Global benchmark Brent futures were trading around $80 a barrel, after sinking 5% to a four month-low on Friday and on track for their fourth straight week of losses.

ChatGPT, on Friday fired CEO Sam Altman after its board «lost confidence in his leadership abilities». OpenAI announced that chief technology officer Mira Murati will step in as interim CEO.

Altman’s ouster. The company pushed out Altman after a review found he was “not consistently candid in his communications" with the board of directors. “The board no longer has confidence in his ability to continue leading OpenAI," it added.

Cincinnati Bengals received a major setback. Cincinnati's coach, Zac Taylor, disclosed on Friday that the star quarterback's season has come to an end due to a torn ligament in his right wrist. The injury occurred during the first half of the Bengals' 34-20 defeat to the Ravens on «Thursday Night Football» and has become the subject of an NFL investigation. The NFL is scrutinizing Burrow's omission from the week's injury reports and a now-deleted video posted on X that showed the quarterback wearing what seemed to be a brace on his hand. Stepping into Burrow's role as the Bengals' starter will be Jake Browning. An MRI on Friday morning revealed the severity of the injury for Burrow, hours after he exited the Bengals' 34-20 loss to the Baltimore Ravens in the second quarter. Burrow bent over in obvious pain after throwing a 4-yard touchdown to Joe Mixon with 5:49 remaining. Burrow said he felt a pop in his wrist on the TD pass but was in discomfort before that play. Burrow said on Friday he wore a compression sleeve on his wrist but was not injured until Thursday night. Burrow said he sees a lot of himself in backup Jake Browning. They are good friends, and Burrow spent part of his Friday afternoon watching film with Browning to help begin preparing him to start next week.

Canadians won’t have to wait much longer to find out if the slowing economy sticks a soft landing or suffers a hard one.

Everton has been slapped with an immediate 10-point deduction in a stunning turn of events, marking the most substantial sporting sanction in Premier League history. The unprecedented punishment follows the club's breach of the league's profit and sustainability rules, pushing Everton to 19th place on the table with a new total of four points. The Merseyside club expressed shock and disappointment at what they deemed a «wholly disproportionate and unjust» ruling. In response, Everton has vowed to appeal the decision, disputing the severity of the sanction imposed by the independent commission.

No one enjoys waiting in long lines at airport security or suffering through a departure delay. Some airports do a better job of making those miseries less miserable. LaGuardia Airport in New York and Orlando International Airport in Florida are infamous among travelers for their problems with on-time arrivals and departure delays.

 DISTILL CEO Neely Tamminga reacts to the Supreme Court slashing President Biden's student loan handout plan on 'Making Money.'

Thе brokеragе industry facеs sеvеral challеngеs, including nеw rеgulatory rеquirеmеnts that havе significantly incrеasеd operational and tеchnology costs. Thе risе of discount broking has also еrodеd profit margins. Unlеss SEBI providеs somе rеliеf in tеrms of fund-rеlatеd compliancеs, thе survival of many brokеrs in thе futurе could bе jеopardizеd, says Ravi Singhal, CEO, GCL Broking.

Shares in Chinese e-commerce titan Alibaba tanked more than seven percent at the Hong Kong open Friday after the firm's surprise decision to call off part of its high-profile restructuring because of the US-China chip war. In a move that shocked investors, the Hangzhou-based tech giant said Thursday that US curbs on exports of advanced chips had forced it to call off the spinoff of its cloud computing arm. The firm's stock dived 7.13 percent soon after the starting bell in Hong Kong, tracking a collapse in its New York-listed shares. Washington has moved to bar the shipment to China of powerful chips, including those from California-based Nvidia, which are crucial to the development of artificial intelligence, on national security grounds. In one of its most wide-ranging restructurings, Alibaba said in March it planned to split the vast group into six distinct entities that would be able to separately pursue funding through public listings. But on Thursday, it called off the creation of its Cloud Intelligence arm in light of «the recent expansion of US restrictions on export of advanced computing chips». «We believe that a full spin-off of Cloud Intelligence Group may not achieve the intended effect of shareholder value enhancement,» the company said in its earnings release. «Accordingly, we have decided to not proceed with a full spin-off, and instead we will focus on developing a sustainable growth model for Cloud Intelligence Group under the fluid circumstances,» Alibaba said. Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform. The Hangzhou-based group's performance is considered a barometer of domestic consumption, which has flagged in recent

Instagram, iconic rapper Snoop Dogg, known for his long-standing love for cannabis, announced that he is officially quitting weed after years of being a cannabis connoisseur. The 52-year-old rapper shared a contemplative black-and-white photo, stating, «After much consideration & conversation with my family, I've decided to give up smoke. Please respect my privacy at this time.» Snoop Dogg's association with marijuana has been central to various business ventures, including edibles, weed strains, and a digital media platform dedicated to cannabis-related news. After announcing his decision to quit weed on Instagram, rapper Snoop Dogg's fans expressed their shock in the comments section of his latest post.

Arindam Bagchi said the Indian government is engaged with the Qatari authorities over the matter and is providing all legal and consular assistance to the Indian nationals. The eight Indian nationals, including decorated officers who commanded frontline warships in the Indian Navy, were on October 26 given death sentence by Qatar’s Court of First Instance. The Indian government described the ruling as “deeply" shocking and vowed to explore all legal options in the case.

Bank of India (RBI) said in its latest November bulletin that the monetary policy is ‘actively disinflationary’ to bring the headline inflation under target of 4 per cent, while supporting growth at the same time. "We are not out of the woods yet and have miles to go, but (inflation) readings of around 5 per cent and 4.9 per cent in September and October, respectively, are a welcome relief from the average of 6.7 per cent in 2022-23 and 7.1 per cent in July-August 2023," the RBI said in its 'State of the Economy' article in the bulletin.

Dikshit Mittal, fund manager of LIC Mutual Fund believes while state elections can create short-term volatility, the outcome of the General Elections 2024 is a key monitorable. In an interview with Mint, Mittal said while interest rates globally seem to be near peak, there is no clear visibility on the timeline for interest rate cuts to begin at least for the next two quarters. Edited excerpts: In the backdrop of global macro headwinds like elevated inflation, higher interest rates, geopolitical tensions, and muted global growth rates, Indian equity markets have witnessed a decent run in the last one year.

electric vehicle industry that’s not struggling right now. The carmakers who’ve promised multi-billion-dollar plans to pivot to battery vehicles are being savaged by equity investors, with shares in General Motors Co. down 30% since the start of August and even perennial market darling Tesla Inc. falling 16%.

PARIS (Reuters) — Canadian investment group CDPQ, Alstom (EPA:ALSO)'s largest shareholder, on Wednesday welcomed the trainmaker's action plan to improve its financial situation.

By Howard Schneider

NEW DELHI (Reuters) — Food inflation in India remains above New Delhi's «comfort» level despite retail inflation easing in October, a government official said on Wednesday.

man from Aligarh, aged 37, unexpectedly found himself a millionaire on Diwali when more than Rs 4 crore was mysteriously deposited into his IDFC and UCO bank accounts. The recipient, Mohd Aslam, who operates a medical store in the city, attempted to contact the banks for clarification but was unable to receive a satisfactory response due to the Diwali holiday.

two uteruses has become pregnant in both at the same time — a phenomenon doctors are calling a “one in a million” pregnancy.Kelsey Hatcher and her husband Caleb, of Dora, Ala., learned they were expecting in the spring, but it wasn’t until a routine screening ultrasound that they found out the circumstances surrounding their super rare pregnancy.Hatcher, 32, has long known that she was born with two uteri and two cervixes, as a result of a condition known as uterine didelphys.And while the condition is rare enough on its own, the odds of becoming pregnant in each uterus at the same time is “one in a million,” according to Dr. Richard Davis, a maternal and fetal medicine specialist at the University of Alabama at Birmingham’s Women & Infants Center, who spoke with ABC News.Davis told NBC affiliate WVTM 13 that “maybe three per 1,000 women might” have a double cervix or double uterus.“And then the probability of you having a twin in each horn is really crazy,” he continued.“When I first found out, I was like, ‘I wonder if there’s anybody I can reach out to just to, you know, see what their experiences were,'” Hatcher told Good Morning America.