A consortium including former Disney CEO Bob Iger, sports agent Rich Paul, eBay and the Chernin Group is buying a 25% stake in toy maker Funko. The investment, which is worth $263 million, or $21 per ...
Tag: Business
F1 CEO sees TV rights opportunity with ESPN deal due to expire
Formula 1 is riding a wave of popularity in the U.S., and its CEO is shopping around its success with potential media partners for a more lucrative U.S. media deal. The racing league’s current d...
Lucid (LCID) earnings Q1 2022
CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has ...
E-commerce stocks plummet as consumers pull back online spending
The Etsy website Gabby Jones | Bloomberg | Getty Images Shoppers are eager to head back to brick-and-mortar stores, while inflation is stoking fears that consumers are pulling back their spending on s...
Why the market is taking Powell’s ‘soft-ish’ economic language so hard
Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for an economic landing, as Jerome Powell did on Wednesday, as a bullish sig...
Spirit CEO wonders whether JetBlue bid meant to block Frontier deal
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty...
Shopify, Etsy, Twitter and more
Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Thursday: EPAM Syste...
This trader predicted the bond meltdown, tech selloff and oil’s surge. Here’s what she says is coming next.
Fade the Fed anyone? Stocks are headed south, following a big Wall Street rally stemming from perceptions Federal Reserve Chair Jerome Powell and co. may be less hawkish than markets think. A short-li...
Main Street is convinced that a recession will hit economy this year
Main Street and Wall Street are often at a distance when it comes to the state of the economy. The likelihood of a recession hitting in 2022 is the latest example. Both camps are bearish, but small bu...
SpaceX adds $25 portability monthly fee for Starlink service
Elon Musk’s SpaceX rolled out a $25 monthly fee this week for customers who seek to relocate their Starlink internet service satellite dishes. “Portability enables customers to temporarily...
Wayfair (W) reports Q1 2022 losses
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled more than 20% Thursday morning after the online furniture retailer reported larger-than-expected losses in the first quarter as sh...
6 things to know before you jump into retirement
I’m six months into my retirement from the corporate world. How are things going? Any regrets? Any big surprises? No regrets, for sure. I knew that leaving the workplace at age 61 would be a trade off...
Fanatics adds SoftBank executive, ex-Airbnb marketing chief to board
A detailed photo of the Fanatics apparel displayed at NFL Hospitality during the 2018 NFL Annual Meetings at the Ritz Carlton Orlando, Great Lakes on March 26, 2018 in Orlando, Florida. Mark Brown | G...
New York City could bring back mask mandate, vaccine checks
Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, U.S. March 7, 2022. Brendan McDermi...
Twitter, SeaWorld, Shopify and more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the ...
GE signs contract to upgrade vast hydropower facility in South America
Straddling the border between Brazil and Paraguay, Itaipu commenced electricity production in 1984. The technological upgrades being planned for the site are set to take 14 years. Tifonimages | Istock...
Marvell Technology and Bausch Health are buys
Bausch Health: “We wanted to buy more today, but we ran out of time. This thing is being put on sale. There are shorts taking it all the way down. It is quite ridiculous. I wanted to be able to ...
Clorox’s brands are inflation-proof and can thrive in recessions, CEO says
Clorox CEO Linda Rendle told CNBC on Wednesday the company’s products are “household essentials” that can withstand rising inflationary environments and tough economic times. The com...
‘My aim is to have a net worth of at least $100,000’: I’m 29 and live with my mom in a rented mobile home. I have a $25K emergency fund and $26K in a Roth IRA. What do I save for next?
I am doing OK financially as a single 29-year-old who unfortunately is still roommates with my mom. We split everything down the middle and I mainly stay with her since it is very expensive to live on...
Cramer says stock relief rally won’t vanquish the bears
CNBC’s Jim Cramer said Wednesday he’s still “drawn to owning stocks,” even as the Federal Reserve aggressively raises interest rates in such a way that some skeptics believe wi...
Catholic University sued over Judy Garland ‘Wizard of Oz’ dress auction
A lobby card from the film ‘The Wizard Of Oz,’ shows a film still of a scene in which American actress Judy Garland (1922 – 1969) (as Dorothy) wipes tears from the eyes of actor Bert...
Federal Reserve Statement May: Here’s what changed
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on March 16. Text removed from the March state...
Lucid, Nikola, Fisker report as Wall Street eyes production
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capi...
Uber, Lyft, Airbnb, Starbucks and more
Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft ...
Ford reports smaller sales decline in April while chip shortage weighs on supply
Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on We...
Formula 1 Miami Grand Prix brings extraordinary wealth to race weekend
Tickets to this weekend’s Formula 1 Grand Prix in Miami are selling for thousands of dollars a piece, as surging U.S. interest and the global wealthy drive up prices for a weekend of high-speed ...
These 10 stocks in the S&P 500 soared at least 8% after the Fed made its big move — but only 3 have gains for 2022
Wednesday turned into a big day for stocks — the S&P 500 index had its largest one-day percentage gain in nearly two years — after the Federal Reserve raised the federal funds rate by half a perce...