Election officials ban certain public workers from prediction markets
With less than two months until the midterms, election and county officials are prohibiting employees from…
Election officials ban certain public workers from prediction markets
With less than two months until the midterms, election and county officials are prohibiting employees from participating on prediction market contracts. Officials said it’s the tightest measure they can take to ensure employees, who have access to ballots, do not commit insider trading on election contracts. “Obviously, we have no control over prediction markets themselves, or…
Social Security COLA for 2027 may be highest in 3 years: Estimates
People shop for groceries at a supermarket in Manhattan on Aug. 25, 2026 in New York City. Angela Weiss | AFP | Getty Images The Social Security cost-of-living adjustment for 2027 may be around 3.5% to 3.6%, according to new estimates based on government inflation data — which would push the annual adjustment to the…
Why this stock deserves its premium valuation — and should be owned
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are rallying Friday , but the S & P 500 is still on pace for a negative week. The market is rebounding from oversold levels,…
Falling oil could help but Fed is the next test
CNBC’s Jim Cramer on Friday said falling oil prices helped revive the stock market, but warned that next week’s Federal Reserve meeting could quickly change the outlook for investors. “Thank heavens oil went down today,” the “Mad Money” host said. “It changed everything.” Stocks rebounded Friday as oil prices retreated, helping the major averages recover…
Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise
Oil prices retreated on Friday, but notched sharp weekly gains after soaring above $100 a barrel for the first time in months. Brent crude oil futures, the global benchmark, settled down 2.8% at $104.61 a barrel. U.S. West Texas Intermediate was down 2.4% to settle at $100.05 per barrel. On Thursday, Brent crude peaked at…
Dell stock jumps on RBC initiation, now up nearly 350% in 2026
Dell Technologies Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Aug. 12, 2026. Michael Nagle | Bloomberg | Getty Images Dell Technologies stock rose 12% on Friday after RBC Capital Markets initiated coverage of the computer maker and gave it an outperform rating and a…
How Dan Chung rebuilt Alger after 9/11
Dan Chung Courtesy: Fred Alger Management Daniel Chung, the CEO and chief investment officer at investment firm Fred Alger Management, survived the Sept. 11 attacks on the World Trade Center by chance. That morning a quarter century ago, the then-tech analyst started his day at the Intercontinental Hotel in Midtown Manhattan, searching for answers on…
Saudi Arabia shut down East-West crude oil pipeline after multiple attacks
Saudi Arabia shut down its crucial East-West crude oil pipeline as a precautionary measure after multiple attacks, the kingdom’s Energy Ministry said Friday in a statement. The pipeline was targeted in the Riyadh and Madinah regions on Thursday morning, the ministry said. Multiple people were injured in the attacks, it said. Emergency teams were deployed…
The U.S. commemorates the 25th anniversary of 9/11
A visitor pauses at the reflecting pools to commemorate the 25th anniversary of the September 11th terrorist attacks on the World Trade Center at the National 9/11 Memorial & Museum. Jeenah Moon | Getty Images On September 11, 2001, members of Al-Qaeda hijacked four passenger airliners. They flew two planes into the twin skyscrapers of…
Here’s the inflation breakdown for August 2026 — in one chart
A driver refuels a vehicle at a Chevron gas station in Miami, Florida, Sept. 3, 2026. Zak Bennett/Bloomberg via Getty Images Inflation remained stubbornly high in August — and economists said consumers are likely to continue to feel the financial pain in coming months as tensions flare in the Middle East, driving up gasoline and…
