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 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…
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…
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…
Warren Buffett once said interest rates are to asset prices what gravity is to matter. If the options market is correct, things could get heavy. Case in point: the TLT, the iShares 20+ Year Treasury Bond ETF, which seeks to track the performance of an index of U.S. Treasury bonds. A quick review of the…
People shop at a Manhattan grocery store on August 13, 2026, in New York City. Spencer Platt | Getty Images The largest ever outbreak of cyclosporiasis in the U.S. has ended, the Centers for Disease Control and Prevention said Friday. The foodborne illness sickened 12,833 people in 21 states in recent months in the largest…
U.S. President Donald Trump has dismissed warnings that AI could pose an existential threat to humanity, after a wave of insiders at frontier labs Anthropic and OpenAI stepped up public warnings of risks from the technology. When asked if he had concerns about AI leading to human extinction, Trump said, “No, I don’t have any.”…
Fighters loyal to the Houthi authorities, shouts slogans during a rally to recruit more fighters, in Sanaa on September 10, 2026. Mohammed Huwais | Afp | Getty Images The Iran-backed Houthis reportedly advanced to Yemen’s strategic Perim Island on Friday, delivering a major boost to the militant group’s push to take control of one of…
Group of people sitting at a conference table during a late evening meeting and talking. Vm | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy investors…
Oracle Corp. 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 Oracle‘s shares jumped in premarket trading on Friday after it reported 30% revenue growth in its fiscal first quarter, fueled by strong demand for its cloud…
