Author: Editor

The financial firm Cantor Fitzgerald lost more employees on 9/11 than any other company: 658 killed after the first plane hit the North Tower of the World Trade Center. To mark the 25th anniversary of the terrorist attacks, The Cantor Fitzgerald Relief Fund has published a book, “The Families: 9/11 Anthology of Love, Loss, and Lessons of Resilience,” edited by Edith Lutnick, cofounder, president, and executive director of the Cantor Fitzgerald Relief Fund, and Caroline Aiken Koster, the fund’s general counsel. Below is an essay by Koster, adapted from the book, which also includes essays, poems, letters, and speeches from…

This as-told-to essay is based on a conversation with Charles Bonfiglio, CEO of Tint World. It has been edited for length and clarity.I was only 18 when I walked into the family home in Brooklyn and told my mom, dad and sisters, “We’re rich!”I showed them the order I’d just received: $1 million worth of products for a young lady’s clothing brand I’d designed. I was thrilled, but my dad — who operated a clothing factory in Brooklyn — flipped the paper over and read the fine print. I’d be paid 90 days after delivery, but I’d have to front…

President Donald Trump often refers to the affordability crisis as a hoax. His White House may not agree.Trump called the crisis a “fake” Democrat-created issue on the first night of the Republican National Committee’s first-ever midterm convention this week in Dallas. But the remark sits awkwardly beside months of White House messaging that has treated affordability as one of Trump’s central economic promises.In his speech, Trump blamed former President Joe Biden for runaway inflation and said affordability concerns were fake “because I’m bringing the prices way down.” In the same speech, he promised that every adult US citizen would receive…

Oil prices are surging, markets are anxious about inflation, and borrowing costs for Americans are climbing.None of that has stopped Donald Trump from floating ideas in the last week that would likely exacerbate rising consumer prices: free money and lower interest rates.Ironically, it’s a similar cocktail for hotter inflation that helped derail Joe Biden’s presidency and gave Trump a foothold in the 2024 election. One factor in the president’s victory was the message that inflation had run amok under the Democrats.On Wednesday, the president said he would dish out $5,000 to every American citizen adult if the Republicans hold onto their…

Homes for sale are piling up across America. The US housing market recorded its largest supply glut in a decade in August, a sign that prospective homebuyers are struggling to break into the market as the fight against higher mortgage rates and increased economic uncertainty stemming from things like inflation and the Iran war Given the current pace of sales, the market had 4.9 months of inventory in August, the highest level recorded in over 10 years, according to the National Association of Realtors.Existing home sales dropped 2% for the month, the association said, citing high mortgage rates as a…

People are applying to more colleges than ever before, but admission to some of the US’s top universities remains highly competitive.Using federal data from the National Center for Education Statistics, Business Insider compiled a list of the 25 universities in the US that are hardest to get into in 2024.With a few exceptions, universities are generally larger institutions that offer a wide range of academic programs, including bachelor’s and graduate degrees. They also often contain smaller colleges, such as colleges of education, engineering, or health sciences.For the Class of 2028, admission rates at the hardest-to-get-into schools ranged from roughly 3%…

ChatGPT’s role on Wall Street is evolving.OpenAI announced ChatGPT for Financial Services on Thursday, its latest foray into crafting AI tools for specific sectors. The product will bring a new glut of financial data directly into ChatGPT and provide bankers with a new way to check the tool’s work.As OpenAI prepares for a gigantic initial public offering expected in 2027, its latest release fits into two of its larger strategies: selling tools companies can use to automate work and building on its core AI products with industry-specific offerings.The finance industry has already started embracing AI tools. Morgan Stanley adopted ChatGPT…

OpenAI is taking aim at some of Wall Street’s most labor-intensive tasks with a new version of ChatGPT designed to research companies, analyze financial data and generate the presentations that investment bankers rely on.The product unveiled Thursday, called ChatGPT for Financial Services, is a tailored version of its enterprise product, ChatGPT Work, that was made with “design partners” Morgan Stanley and Evercore, according to OpenAI’s vice president of product, Nick Turley. It uses the artificial intelligence company’s latest and most advanced model, GPT-6 Astra. The rollout puts OpenAI deeper into territory traditionally occupied by Wall Street’s entry-level bankers, the recent college…

Wondering about the best way to plan your next work trip? A bunch of football players might hold the answer.The San Francisco 49ers take on the Los Angeles Rams Thursday in a clash of divisional rivals AND warring ideologies over the best way to travel for work.The game kicks off from Melbourne, Australia, at 8:35 p.m. ET on Netflix because the NFL won’t stop until it has more money than God growing its global football fandom. International games aren’t new to the league, but the 17-hour time difference between Melbourne and California makes for a massive travel challenge.And the teams…

A worker at Ford’s Kentucky Truck Plant on April 30, 2025.Michael Wayland | CNBCDETROIT — Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial Kentucky Truck Plant.The facility, which Ford has called its most important and profitable plant globally, produces the automaker’s large F-250 to F-550 Super Duty trucks as well as the Ford Expedition and Lincoln Navigator SUVs.The announcement comes two days after Transportation Secretary Sean Duffy expressed “profound concern” about the automaker’s U.S. “manufacturing integrity” and ties to Chinese companies that the Trump administration believed could be detrimental to…