Top Business News
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Elon Musk is telling his followers to cancel Netflix subscriptions. Here's what's happening
Source: CNBC
Elon Musk this week urged his followers to cancel their Netflix subscriptions over a controversy surrounding an animated show and its creator.
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Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040
Source: CNBC
The ranks of the world's wealthy are shifting thanks to tech wealth, social media and earlier inheritances.
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Government shutdown means opportune timing for Neptune Flood IPO
Source: CNBC
Neptune Insurance, the nation's largest private flood insurance, goes public on the New York Stock Exchange Wednesday.
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Record EV sales lead GM, Ford to 8% increases in Q3 U.S. auto sales
Source: CNBC
EV sales during the third quarter are expected to be a record, ahead of federal incentives of up to $7,500 ending in September.
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Trump's threats against late-night TV could spell more trouble for advertisers
Source: CNBC
The recent upheaval in late-night programming has shown a spotlight on ratings and revenue — and spurred questions of political influence.
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Ford CEO Jim Farley eyes further improvements after five years of ‘surprises,’ including investor returns
Source: CNBC
Ford CEO Jim Farley marks his fifth anniversary as CEO at the automaker on Wednesday.
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Peloton revamps equipment, launches commercial unit and raises prices ahead of holidays
Source: CNBC
Peloton is revamping its product assortment and raising prices for its subscription and hardware ahead of the holiday shopping season.
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States sue Zillow, Redfin for alleged antitrust violation in online rental housing
Source: CNBC
Attorneys general from New York, Virginia, Arizona, Connecticut and Washington filed a lawsuit against Redfin and Zillow on Wednesday.
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Nike posts surprise sales growth, but warns of sluggish holiday season and bigger than expected tariff hit
Source: CNBC
Nike posted surprise sales growth and beat on earnings even as it faced higher tariffs and tried to execute a turnaround plan.
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Spirit Airlines on track for a $475 million bankruptcy lifeline
Source: CNBC
Spirit Airlines has reached an agreement with some of its debtholders for up to $475 million in debtor-in-possession financing.
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How a surge in legal betting fueled an ugly fight: The battle for 1-800-GAMBLER
Source: CNBC
1-800-GAMBLER has become the closest thing to a national hotline for problem gamblers. There's a intensifying legal battle over who should run it.
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Trump, Pfizer agree to lower U.S. drug prices, exempt company from pharma tariffs
Source: CNBC
The deal comes after Trump sent letters to Pfizer and 16 other drugmakers calling on them to take steps to lower drug prices by Sept. 29.
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FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings
Source: CNBC
The FTC alleges the companies violated federal antitrust laws when Zillow paid Redfin $100 million to essentially re-host Zillow multifamily rental listings on Redfin.
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Ford CEO expects EV sales to be cut in half after end of tax credits
Source: CNBC
Farley said the industry learned that "partial electrification," such as hybrids, are easier for customers to accept for the time being.
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Here's JPMorgan Chase's blueprint to become the world’s first fully AI-powered megabank
Source: CNBC
JPMorgan, the world's largest bank by market cap, is being "fundamentally rewired" to automate knowledge work across its operations, its data chief says.