Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC 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. Investment firms of ultra-wealthy families are helping fuel the…
The El Niño climate event is intensifying into a “supersized” phenomenon that will persist until February 2027, raising the risk of floods, droughts and extreme heat in many countries, the United Nations warned on Thursday. It “has the potential to deliver a massive blow to communities and economies across the world,” Celeste Saulo, secretary general…
SK Hynix Inc. 12-layer HBM4E memory chips on a LPDDR5X CAMM2 memory module arranged at the company’s office in Seongnam, South Korea, on Friday, July 24, 2026. SK Hynix and Samsung Electronics Co. are set to test investor appetite for memory chips as South Korea’s stock market now a bellwether for global AI sentiment grapples with violent…
Southwest Airlines planes get ready to take off from Denver International Airport in Colorado on Nov. 6, 2025. Rj Sangosti | MediaNews Group | The Denver Post | Getty Images Southwest Airlines on Wednesday unveiled plans for its network of airport lounges that it’s been hinting at for months. The carrier said its first lounges…
The NBA on Wednesday said it had suspended Los Angeles Clippers owner Steve Ballmer for one year as part of a broad array of sanctions on the basketball team and two senior executives for violating the league’s salary cap circumvention rules related to star player Kawhi Leonard and four companies that did business with the…
JGI/Tom Grill | Tetra images | Getty Images When it comes to paying for long-term care — potentially one of the biggest costs in retirement — 39% of middle-class households expect to turn to Medicare, according to a new survey from the American Council of Life Insurers, an insurance industry trade group. Yet there is…
American Airlines seat in its Flagship Suite. Courtesy: American Airlines American Airlines is expanding its push into premium travel on its largest planes. The carrier on Wednesday launched its first retrofitted Boeing 777-300ER, which it uses for its most popular long-haul international flights, including routes to London, Tokyo and Sydney. The new layout on the…
Ford F-150 trucks are assembled at the Ford River Rouge Complex on Jan. 13, 2026 in Dearborn, Michigan. Anna Moneymaker | Getty Images DETROIT — Ford Motor said Wednesday it’s continuing to increase production of its crucial F-Series full-size pickup trucks after fires at an aluminum supplier severely impacted output over the past year. The…
Private U.S. companies added jobs at a slightly slower-than-expected pace in August, with gains concentrated heavily in health care and a few other industries, ADP reported Wednesday. The payrolls processing firm said firms added 38,000 workers, fewer than the upwardly revised 46,000 in July and below the Dow Jones consensus estimate for 47,000. Though job…
U.S. Secretary of Treasury Scott Bessent, who recently unveiled a plan to aggressively buy back bonds as a way to combat higher interest rates, speaks to reporters as he arrives for the G20 Finance Ministers and Central Bank Governors’ meeting in Asheville, North Carolina, on August 31, 2026. Allison Joyce | Afp | Getty Images…