Aramco's Diversification and Technology Strategy - Aramco is diversifying its revenue streams and investing in technology due to the International Energy Agency's prediction of plateauing global oil demand by 2030 [3] - The company is leveraging AI to improve operations, increase well productivity, and manage costs [5][6] - Aramco's cost per barrel of oil equivalent has remained at $3 for 20 years due to technology [6] - Aramco has invested tens of billions of dollars in computing infrastructure and possesses 90 years of high-quality data, giving it a competitive edge in AI adoption [7] AI and Data Infrastructure - Aramco's Opus center monitors real-time data from over 100,000 sensors across more than 100 plants, optimizing efficiency and reducing costs [4] - The company has 6,000 employees trained in AI [8] - Aramco utilizes its own large language model, Aramco Metabrain, comprised of 90 years of geological data to increase efficiency [9] Investments and Future Goals - Aramco's venture capital arm, Wa'ed Ventures, earmarked $100 million for early-stage AI investments last year [10] - Aramco aims to transform Saudi Arabia into a global AI hub [10] - Aramco is a large minority shareholder in Humane, Saudi Arabia's new national AI company [11] - The company is increasing its focus on natural gas and renewables to power data centers required for the AI revolution [12]

Shares of AMD hovering around the flatline. They've come back and are now a little bit higher despite posting a beat in Ray's quarter. Investors zeroing in on key metrics like margins and AI growth.Mackenzie Sagalos has the details in today's tech check segment. McKenzie, what are you hearing on AMD. >> So that AMD stock, it had been on a tear heading into the print, but you said it, those shares trading only fractionally higher as investors digest a report that showed any sort of significant AI payoff is s ...

Getting some breaking news out of the New York Fed. For that, we'll turn to Steve Leeman. Morning, Steve. >> Morning, Carl.Household debt, the third quarter New York Fed household debt and credit report, household debt uh balances rising uh by 197 billion. Call it 200 billion to 18.6% trillion. Uh that's a new record, but up only modestly.Mortgage and student loan and credit card debt all rose modestly. He locked debt up a little bit uh more actually a little bit elevated but auto loan debt which we've been ...

CNBC's Becky Quick sits down with Bank of America CEO Brian Moynihan at the bank's first investor day in fourteen years. ...

Welcome back. Shares of Lemonade are surging today after the AI powered insurance company posted a third quarter beat on the top and bottom lines. The stock has nearly doubled this year, still down more than 50% from its all-time high in 2021.Joining us now first on CNBC to break down the quarter is Lemonade co-founder and CEO Daniel Shriber. Daniel, it's good to have you back on. I mean, you're definitely back on the radar because the stock has been incredible lately um coming off of those lows.So what wha ...

Shares of Pinterest are plunging on these new numbers from the social media site. Let's get back to Julia Borston. Talk about the breakdown, what they said about ad demand, and a lot more.JB, >> well, Carl, after Meta, Google, Amazon, and Reddit showed strong digital ad gains, Pinterest missed on EPS and gave a weak fourth quarter revenue outlook. Shares now down over 20%. The stock pacing for its worst day since May 2022 with today's losses.Pins is now negative for the year. Pinterest citing macro headwind ...

Let's turn now to cyber security. A new documentary podcast out this week examines China's rise to cyber supremacy and the state sponsored hackers haunting America's infrastructure. Joining us now, Nicole Pearl Roth, former cyber security reporter at the New York Times and the host of To Catch a Thief: China's Rise to Cyber Supremacy.She's also the author of This Is How They Tell Me the World Ends, an expose on the global cyber arms race. And she served on the Department of Homeland Security Cyber Security ...

Meanwhile, S&P and NASDAQ coming off their worst day in about a month. Russell 2000 closed below the 50-day moving average as volatility now picks up on the street. We're joining us with said with his outlook this morning, Evercore ISI vice chairman Krishna Gua is with us.Krishna, it's great to have you. Good morning. Thanks for being with us.>> Um, we had Aean at the top of the hour talk about Scotas and you guys have been writing about how these arguments uh are expected to go. Do you have a call yet on w ...

The Supreme Court just kicking off arguments on the legality of President Trump's tariffs. Aean Javvers is outside the court and he has the latest for us. Good morning, Aman. >> Hey, good morning, David.It's going to be an enormously high stakes day here at the Supreme Court today. President Trump says he's not going to attend today's oral arguments after all, but Treasury Secretary Scott Bessant is expected to be seated in the front row. President Trump says he believes this will be one of the most importa ...

ISM Services Data - October ISM services headline is strong at 524%, exceeding expectations [1] - The headline is 250 basis points above the previous reading, showing sequential strength [1] - This is the best reading since February of this year, when it was 535% [1] Prices Paid - Prices paid are moving upwards, reaching 700% [1] - This is above the expected 680% - 694% [1] - It represents the highest prices paid since October 2022 [2] New Orders - New orders are also well above expectations, reaching a notable 562% [2] - This marks the highest level in one year, dating back to October of the previous year [2] Employment - ADP employment data is better than expected, although not exceptionally strong, at 482% [3] - While still in contraction territory, it surpasses the previous 472% [3] - This is the best reading since May, when it was last in expansion territory at 507% [3] Market Reaction - Trading is at 414, up a few basis points, hovering near the highest closes since early October [3]