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Sanctions-hit Russia is raking in more money from high oil prices, but that doesn’t mean its economy is about to take off, according to Goldman Sachs.International benchmark Brent crude futures were trading around $92 a barrel late Tuesday — about 30% higher since the Iran war started. That’s a boon to Russia, the world’s third-largest oil producer and exporter after the US and Saudi Arabia.Unlike many other oil exporters, Russia doesn’t rely on the Strait of Hormuz for oil shipments. That has made the energy giant one of the few beneficiaries of the recent disruption to global oil markets.The problem…

Kalshi will now ask you where you work before you can start betting.Kalshi’s enforcement and legal counsel, Bobby DeNault, wrote a blog post on the company’s website on Tuesday outlining how it is clamping down on insider trading on its platform.DeNault wrote that the New York-based prediction market will start requiring traders to complete employment verification before they can trade, an effort to “screen potential insiders.””This lets us identify presumptive insiders — people who have material, non-public information about a market’s outcome — and screen them out before a trade is ever placed,” he wrote.Per a screenshot of the employment…

The Fulton County Courthouse in Atlanta in 2023. A Republican lawmaker filed articles of impeachment Tuesday against an Atlanta judge. Elijah Nouvelage/Bloomberg via Getty Images hide caption toggle caption Elijah Nouvelage/Bloomberg via Getty Images In Georgia, a Republican lawmaker filed articles of impeachment Tuesday against an Atlanta judge who allegedly had sex in her chambers and then denied it to investigators, only to change course when they developed evidence otherwise. In Idaho, a federal appeals court judge is under internal investigation after a parking lot incident in which he allegedly smashed the eyeglasses of a fellow motorist. And in Michigan,…

The next phase of the AI race is on.With OpenAI’s Monday confidential S-1 filing following in the footsteps of Antrhopic’s, the two premiere AI labs are now officially in the IPO race. SpaceX, which includes Elon Musk’s xAI, has a head start, and goes public later this week.While OpenAI left the door open on its timing, warning that “it may be a while” before it actually publicly lists its shares, the AI labs are moving from an era of closed-door tinkering as a private companies into the world of public earnings calls, financial disclosures, and the regulation that comes with…

A GM energy display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCGeneral Motors is expanding efforts to capitalize on the expected growth of energy storage and data centers by promoting different battery cell chemistries, while also offering more support for its electric vehicle owners to combat higher energy costs.The Detroit automaker detailed plans Tuesday to increase its vehicle-to-grid capabilities — in which a vehicle can provide energy to the electric grid — for its EV customers and develop next-generation sodium-ion batteries that GM’s battery leader said “will reshape grid-scale energy storage.”Both moves…

I know it, and you know it — buying a home has never felt this unaffordable.For years, prospective buyers have faced a punishing mix of too few homes for sale, high mortgage rates, and persistently high home prices. Those pressures have pushed homeownership out of reach for many Americans. Unfortunately, affordability could get even worse in the years to come.At an economic forum during the National Association of Real Estate Editors conference in June, National Association of Realtors chief economist Lawrence Yun told a room full of journalists that he expects the median single-family home sale price to reach $1…

Taniquewa Brewster is an assistant property manager, doula, student, advocate, and proud mom of six.The 41-year-old is also a former guaranteed basic income participant in her hometown of Austin, Texas. She was one of 135 low-income households that received $1,000 a month for a year, from September 2022 to August 2023. The money helped her cover bills, build savings, and land a more stable career.Business Insider first spoke with Brewster in the fall of 2024, about a year after her cash payments ended. She’s now feeling more confident in her family’s future — even if unexpected bills remain a stressor.”I’ve…

The next AI career path could start with a hard hat, not a laptop.Meta said Monday it is investing a $115 million in a roughly 5-week program aimed at fast-tracking careers in the skilled trades as it looks to build out data centers to support its massive AI ambitions.Called “America’s Workforce Academy,” it’s a free initiative that supports participants while they learn and then guarantees a job for all graduates, the tech giant said. It will initially launch in Louisiana, Ohio, Indiana, and Texas this year.No prior experience is required, and Meta said every graduate will leave with a verified,…

LIV Golf CEO Scott O’Neil told CNBC Tuesday that as a funding cliff approaches, the organization has to trust Saudi Arabia’s Public Investment Fund will back the golf venture through the rest of the season as it’s promised. “I can say they’ve been terrific partners so far, and you have to take an incredible organization like PIF at their word,” O’Neil said. “They’ve been very public about funding us through the season, so we are full steam ahead.” PIF is set to pull its funding from the golf league at the end of 2026 schedule, CNBC reported in late April.…

AI layoffs are everywhere. Palantir cofounder Joe Lonsdale suspects many of them aren’t because of AI at all.The layoff memos look quite similar, from Block to Atlassian to Coinbase. They cite productivity gains from AI technology and the need for smaller teams with fewer layers.Lonsdale isn’t convinced.”Everyone who over-hired or lowered the bar too much in the 2021-2023 wave, or isn’t growing as fast as budgeted, now pretends they’re laying people off ‘due to AI productivity,'” Lonsdale wrote on X.The post quickly gained traction online, and venture capitalist Marc Andreessen co-signed the message. Khosla Ventures partner Jon Chu also cosigned…