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Business — Latest

Paramount-WBD merger wins approval from DOJ

Jun 12, 22:54 UTC • www.cnbc.com
TL;DR: The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general…

The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general.

Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq

Jun 12, 20:42 UTC • www.cnbc.com
TL;DR: Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion…

Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.

World Cup travel boost hasn't materialized for U.S. businesses — yet

Jun 11, 18:24 UTC • www.cnbc.com
TL;DR: The expected travel boom from the World Cup is looking like it will be a city-by-city, match-by-match test of pricing power…

The expected travel boom from the World Cup is looking like it will be a city-by-city, match-by-match test of pricing power.

How pandemic car shortages are still making new and used cars expensive

Jun 10, 15:54 UTC • www.cnbc.com
TL;DR: Pandemic-era shortages are still pushing up used car prices, and automakers learned lessons from that time that stands to keep supply tight…

Pandemic-era shortages are still pushing up used car prices, and automakers learned lessons from that time that stands to keep supply tight

As LIV Golf faces a Saudi funding cliff, CEO says to take PIF 'at their word'

Jun 9, 21:52 UTC • www.cnbc.com
TL;DR: PIF is set to stop funding the golf league after the 2026 season, though LIV's Scott O'Neil could not guarantee that the final four tournaments will take place…

PIF is set to stop funding the golf league after the 2026 season, though LIV's Scott O'Neil could not guarantee that the final four tournaments will take place.

GM eyes new battery chemistry to grow AI data center, energy storage business

Jun 9, 21:02 UTC • www.cnbc.com
TL;DR: GM is expanding efforts to capitalize on the expected growth of energy storage and data centers and the development of next-generation sodium-ion batteries…

GM is expanding efforts to capitalize on the expected growth of energy storage and data centers and the development of next-generation sodium-ion batteries.

Rivian is betting on its R2 EV to turn the automaker into a household name like Tesla

Jun 9, 16:55 UTC • www.cnbc.com
TL;DR: The R2 SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U.S. EV leader Tesla…

The R2 SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U.S. EV leader Tesla.

JPMorgan Chase plans to deploy more powerful AI agents this year

Jun 9, 14:00 UTC • www.cnbc.com
TL;DR: JPMorgan Chase's move suggests long-running AI agents are close to clearing the security and governance hurdles that have slowed adoption inside big companies…

JPMorgan Chase's move suggests long-running AI agents are close to clearing the security and governance hurdles that have slowed adoption inside big companies.

SpaceX employee group creates low-fee wealth management option with Choreo for post-IPO

Jun 9, 13:00 UTC • www.cnbc.com
TL;DR: The deal marks a bold experiment in the wealth management industry that could shift the balance of power from advisory firms to wealthy groups of investors…

The deal marks a bold experiment in the wealth management industry that could shift the balance of power from advisory firms to wealthy groups of investors.

5 takeaways from airline CEOs' biggest annual gathering

Jun 9, 12:00 UTC • www.cnbc.com
TL;DR: Airline CEOs met in Rio de Janeiro at IATA, the International Air Transport Association's annual meeting…

Airline CEOs met in Rio de Janeiro at IATA, the International Air Transport Association's annual meeting.

Food supply 'not at risk' after new Texas screwworm cases, USDA secretary says

Jun 8, 19:14 UTC • www.cnbc.com
TL;DR: The U.S. will lean on the same playbook it did starting in the late 1950s, part of which involves releasing sterile insects to suppress the pest's population…

The U.S. will lean on the same playbook it did starting in the late 1950s, part of which involves releasing sterile insects to suppress the pest's population.

Airlines find the grass isn't always greener with new engines

Jun 8, 18:33 UTC • www.cnbc.com
TL;DR: Airline CEOs complained that manufacturers aren't making enough of their engines and that they're falling short on reliability…

Airline CEOs complained that manufacturers aren't making enough of their engines and that they're falling short on reliability.

How ‘Backrooms’ producer Peter Chernin thinks Hollywood needs to change

Jun 6, 13:00 UTC • www.cnbc.com
TL;DR: Franchise fatigue could drive an entertainment industry sea change as the appetite for fresh ideas grows and younger audiences make up more box office sales…

Franchise fatigue could drive an entertainment industry sea change as the appetite for fresh ideas grows and younger audiences make up more box office sales.

Boeing to start 737 Max production on new assembly line July 6, CEO says

Jun 5, 21:26 UTC • www.cnbc.com
TL;DR: The new 737 Max final assembly line in Everett, Washington, will serve as a catalyst for increasing Max production to 52 jets per month…

The new 737 Max final assembly line in Everett, Washington, will serve as a catalyst for increasing Max production to 52 jets per month.

As the largest World Cup ever kicks off, health officials are focused on more than Ebola

Jun 5, 17:25 UTC • www.cnbc.com
TL;DR: Officials are more concerned about highly contagious diseases like measles and respiratory viruses, which can spread quickly through large, fast-moving crowds…

Officials are more concerned about highly contagious diseases like measles and respiratory viruses, which can spread quickly through large, fast-moving crowds.

Eli Manning weighs in on Giants QB Jaxson Dart's Trump rally fallout

Jun 4, 11:10 UTC • www.cnbc.com
TL;DR: Eli Manning spoke about political activities from athletes after Giants QB Jaxson Dart introduced President Donald Trump at a rally…

Eli Manning spoke about political activities from athletes after Giants QB Jaxson Dart introduced President Donald Trump at a rally.

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