An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
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OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Anzu Partners has closed its debut tech fund at $128.4 million and plans to invest in anything but the next Facebook, CNBC has learned.
Anzu Partners' Whitney Haring-Smith, who co-founded the firm with David Michael and David Seldin, told CNBC, "We plan to invest in private companies with breakthroughs in the M's -- materials, manufacturing, measuring, monitoring and modeling. Companies in these industries would probably never become a household brand name. But they impact everything in and around the house from your car to the items in your kitchen or medicine cabinet."
The firm has been investing under-the-radar in a mix of venture and private equity deals since 2014, but had not raised a large fund of pooled capital for deals until this year. Its portfolio includes: Nuburu, a maker of high-powered blue lasers used for precision welding in aerospace and electronics; SLIPS Technologies, which makes super slippery coatings used to keep industrial equipment clean; and OTI Lumionics, a maker of OLED materials that go into high-definition displays.
Previously Anzu set up "special purpose vehicles," drawing together a mix of family offices and high-net worth individuals to back early-stage start-ups or to take divestitures (a.k.a. spin-outs) from Fortune 500 companies.
Now that Anzu Partners has more dry powder for equity deals, the firm will be adding personnel and advisors with a highly technical background to scout deals, including from top universities in the U.S. and Canada.
"We're more likely to hire a chemical engineer than an MBA," Haring-Smith said.