Magnum inherited a long-running dispute between Unilever and the Ben & Jerry’s board over its powers to define the brand’s direction © Matt Cardy/Getty Images The Magnum Ice Cream Company has moved to oust the chair of Ben & Jerry’s board over alleged conflicts of interest, as the ice cream business spun out of Unilever…
Piotr Swat | Lightrocket | Getty Images Korea Zinc shares nosedived on Tuesday, as its largest shareholder is reportedly opposing plans to create a U.S.-backed joint venture that will see a dilution of its equity stake in the South Korean company. Shares of the world’s largest zinc smelting company had climbed over 26% on Monday,…
PayPal has extended more than $30bn in loans and capital to more than 420,000 business customers globally since 2013 © Dado Ruvic/Reuters PayPal has applied to become a bank in the US, the latest fintech seeking to capitalise on the Trump administration’s more permissive approach to financial industry oversight. The payments company on Monday said…
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Asia-Pacific market fell across the board Tuesday, tracking Wall Street declines as investors continued to rotate out of the artificial intelligence trade in the U.S. Shares…
Cencora’s year-to-date stock performance. Cencora: “I like Cencora a lot. But I got to tell you, I think this Cardinal Health’s got them all beat.” BP’s year-to-date stock performance. BP: “I think you should sell it before you hang up with me.” Perpetua Resources’s year-to-date stock performance. Perpetua Resources: “It’s a hot stock, but let’s…
Traders work on the floor of the New York Stock Exchange during morning trading on December 10, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty Images The S&P 500 fell for a third session Tuesday as traders digested the delayed release of the November jobs report. The broad market…
In this article AVGO ORCL CRWV .SPX .DJI .IXIC Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor at the New York Stock Exchange in New York City, U.S., Dec. 15, 2025. Brendan McDermid | Reuters .ido-promo__content { box-sizing: border-box; width: 100%; background-color: #f0f0f0; padding: 2px 20px 2px 20px; font-family: Lyon, Helvetica, Arial,…
President Donald Trump smiles from the field before the 126th America’s Game between the Army Black Knights and the Navy Midshipmen at M&T Bank Stadium in Baltimore, Dec. 13, 2025. Patrick Smith | Getty Images The United States has collected more than $200 billion in tariffs this year as a result of new duties imposed…
Water vapor and smoke rise from a Korea Zinc Co. smelting factory in Ulsan, South Korea, Oct. 21, 2024. SeongJoon Cho | Bloomberg | Getty Images The Defense Department is getting a 40% stake in a $7.4 billion mineral smelter to be built in Tennessee in partnership with Korea Zinc, Reuters reported Monday. The critical…
DENVER, Dec. 15, 2025 /PRNewswire/ — Frontier Group Holdings, Inc. (NASDAQ: ULCC) (“Frontier” or the “Company”), parent company of Frontier Airlines, Inc., today announced that James G. Dempsey, currently the Company’s President, has been appointed as Interim Chief Executive Officer, effective as of December 15, 2025. Barry L. Biffle, the Company’s current Chief Executive Officer, will…
Steve Cohen said he has wanted to transform the area around the Mets baseball stadium since he bought the team for $2.4bn in 2020 © Gordon Donovan/Reuters Hedge fund billionaire Steve Cohen has won approval to build one of New York City’s first casinos, capping a multiyear campaign to secure a lucrative licence while overcoming…
The U.S. Food and Drug Administration has sent warning letters to four major retailers for continuing to sell baby formula linked to a nationwide outbreak of bacterial illness in infants, even after the products were recalled, the health regulator’s website showed on Monday. Walmart, Target, Kroger and Albertsons kept the recalled ByHeart Whole Nutrition Infant…
Bitcoin bull Michael Saylor’s Strategy has doubled down on its long-standing conviction, announcing another massive Bitcoin buy worth nearly $1 billion. Key Takeaways: Strategy bought $980 million in Bitcoin, increasing its holdings to 671,268 BTC. The purchase was funded through stock sales The purchase comes after Strategy created a $1.44 billion cash reserve to avoid…
So you’ve worked your way up the ladder to a comfortable six-figure salary. Or perhaps you’ve squirreled away hundreds of thousands in cash in the bank—or invested in stocks and retirement accounts. According to Elon Musk, none of that may matter for very long. The world’s richest person believes money itself is on borrowed time….
Ted Sarandos and Greg Peters, the co-CEOs of Netflix, issued a memo to staffers that conveyed their belief that the company’s deal to buy Warner Bros. and HBO Max will withstand a counterattack by David Ellison’s Paramount Skydance and will clear regulatory hurdles. Netflix’s megadeal to buy Warner Bros. studios, HBO and HBO Max, with…
Bank of America Securities’ Savita Subramanian just issued the most bearish view on the Street for 2026, based on CNBC’s early calculations. The firm’s head of U.S. equity and quantitative strategy expects the S & P 500 will end next year at 7,100, a target that means the broader index will rise just 4% above…
Haivivi Bubblepal, an AI toy. Courtesy: Haivivi It seems everyone is talking about artificial intelligence these days — even Ultraman. When asked if investors should be worried about an AI bubble, the new second-generation CocoMate AI-powered plush toy by Chinese company Haivivi warned about the dangers of speculation in AI stocks. “The AI market has…
“This meeting could’ve been an email.” It’s a thought you’ve probably had before. While effective meetings can support employee engagement, alignment and decision-making, people are often roped into meetings that feel unnecessary. That can eat into precious time to get work done. Ideally for a meeting, “a decision needs to be reached that couldn’t be…
The top three mortgage lenders with the lowest rates remain unchanged this week: Navy Federal Credit Union, Citi Mortgage, and PenFed Credit Union, according to a survey conducted by Yahoo Finance. Lenders were ranked by annual percentage rate (APR), which includes lender fees. Here are the 10 mortgage lenders with the best interest rates this…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 fell Monday as investors continue to rotate out of tech names and into value-oriented areas of the market. Case in point: Chipmaker Broadcom ‘s…
Syracuse, N.Y. – When Carmen Spinoso saw the dramatic changes happening in shopping malls, he didn’t give up on the industry. He jumped on a business opportunity. Spinoso, a former leasing agent and executive with mall developers Pyramid Cos. and Wilmorite, started his own mall management company in 2009, just as the Great Recession was…
NEW YORK — The Ah Louis Store in San Luis Obispo, California, turns into a winter wonderland every holiday season. Green garlands, giant nutcrackers, baubles and bows go up in early November on the historic downtown building that houses the gift shop. Inside, customers can choose from over 500 different types of ornaments and a…
In boardrooms around the globe, a specific anxiety is taking hold. It isn’t just the fear of robots taking jobs; it is the paralyzing worry of “buyer’s remorse” in a market moving at breakneck speed. According to Bill Briggs, Deloitte’s chief technology officer, as we move from AI experimentation to impact/value at scale, that fear…
Thomas Schäfer, Member of the Board of Management of Volkswagen AG, Brand Group Core and CEO of the Volkswagen brand, said: “The ID. Polo marks the beginning of a new generation of Volkswagen: with fresh design, intuitive operation, top quality and first-class driving characteristics – and finally with a proper name again. With an entry-level…
Photographer: SeongJoon Cho/Bloomberg (Bloomberg) — JPMorgan Chase & Co. and the US government are backing Korea Zinc Co.’s planned $7.4 billion smelter in Tennessee that will supply critical minerals essential for chip-making, defense and aerospace. Korea Zinc — one of the world’s largest processors of the metal — said Monday it will establish a foreign…
Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City. Spencer Platt | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Cold front Rotation…
The November jobs report is landing at an odd time – on a Tuesday in mid-December, instead of (what’s usually) the first Friday of the month – due to the lingering impact of the historically long government shutdown. The 43-day federal funding lapse resulted in a flash-freeze of crucial economic data at a critical juncture…
Here are the biggest calls on Wall Street on Monday: Jefferies upgrades Fastenal to buy from hold Jefferies says the stock is best positioned in 2026. “We upgrade Fastly to Overweight with an upside price target of $14.” JPMorgan upgrades Dollar General to overweight from neutral JPMorgan calls the stock a “consistent compounder.” ” DG…
The Spanish government has fined property rentals giant Airbnb €64m (£56m) for advertising unlicensed apartments. It also said that some of the properties advertised in the popular tourist destination were banned from being rented. The fine means that Airbnb has to withdraw the adverts promoting unlicensed properties. Although the Consumer Affairs Ministry said the fine…
Bloomberg (Bloomberg) — Dealmakers are heading into the final weeks of 2025 on a $100 billion cliffhanger. Paramount Skydance Corp.’s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions: renewed desire for transformative tie-ups, massive checks…
Sources [1] The SpectraWAVE HyperVue Imaging System and the Starlight Imaging Catheter is a US Class 2 device cleared by FDA through K221257 and K230691. The SpectraWAVE X1-FFR Software is a US Class 2 device cleared by FDA through K251355.[2] Compared with angiography-guided Percutaneous Coronary Interventions.[3] AI-derived algorithms are deployed on the device to support…
The Powerball jackpot rose to an estimated $1.25 billion after there were no big winners in Monday night’s drawing. Monday night’s winning numbers were 23, 35, 59, 63, 68, and the red Powerball was a 2. There was also a Power Play multiplier of 4. While no one secured the grand prize, two tickets sold…
The concluding part of the UN’s COP16 biodiversity summit, held in February, saw indigenous peoples given an official voice in global decision-making on conservation. The agreement of a new permanent committee enshrined this right, replacing indigenous peoples’ previously informal and symbolic status at the talks with something lasting and formal. More like this: • Can LA…