Year: 2026
FanDuel parent Flutter reports disappointing fourth-quarter earnings
FanDuel parent Flutter Entertainment announced fourth-quarter earnings Thursday that missed Wall Street expectations on nearly every metric. FanDuel’s performance in the final quarter of 2025 was affected by bettors losing more often than usual. When that happens, gamblers get discouraged, bet less and stop using the app as frequently, Flutter CEO Peter Jackson told CNBC […]
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Nintendo realized it couldn’t win the console arms race — so it changed the game
Nearly nine years after its release, the Nintendo Switch has become the company’s best-selling console of all time, with more than 155 million units sold. From the Nintendo Entertainment System rescuing a collapsed gaming market in the 1980s, to the GameCube being outsold by Sony’s PlayStation 2, Nintendo’s hardware history is as much of a […]
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Block shares soar 24% as company slashes workforce by nearly half
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Block said Thursday it’s laying off more than 4,000 employees, or about half of its headcount. The stock skyrocketed […]
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Warner Bros. Discovery deems Paramount Skydance offer superior to Netflix, starting 4-day matching clock
The Paramount logo is shown on a structure at the Paramount studio lot in Hollywood, Los Angeles, California, U.S., Feb. 26, 2026. Mike Blake | Reuters Warner Bros. Discovery has valued Paramount Skydance‘s latest offer as superior to Netflix, another twist in the ongoing sale process. Netflix will have four business days to make changes […]
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Netflix CEO Sarandos arrives at White House amid WBD deal pursuit
Netflix CEO Ted Sarandos arrives for meetings at the White House on Feb. 26, 2026 in Washington, DC. Andrew Harnik | Getty Images Netflix CEO Ted Sarandos arrived at the White House on Thursday afternoon for a meeting on his company’s effort to buy part of Warner Bros. Discovery. This is breaking news. Please refresh […]
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Have we seen peak pricing power for Nvidia chips?
Nvidia reported fiscal fourth-quarter results that comfortably topped Wall Street expectations on both revenue and earnings. Shares initially jumped in after-hours trading, but that enthusiasm faded, and the stock was lower Thursday. The pullback may emanate from comments made by CFO Colette Kress during the company’s earnings call regarding inventory levels. For several years, demand […]
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DoorDash has been volatile of late but these analysts tout it as a ‘core holding’ for internet investors
DoorDash shares have been volatile of late, but it hasn’t shaken Wall Street’s conviction in growth opportunities for the stock. Shares of the food delivery platform initially tumbled as much as 12% in extended trading on Feb. 18, after DoorDash’s fourth-quarter earnings missed expectations. Its forecast also disappointed as the company warned investments in Deliveroo […]
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Jim Cramer: The reason why Nvidia’s stock is falling even after its blowout outlook
Nvidia ‘s strong earnings report made it clear that the company is still donning the AI chip king crown. So, why is the stock down in Thursday’s session? The reason, according to CNBC’s Jim Cramer, is that investors are worried that Nvidia’s largest customers cannot keep spending at such a blistering pace unless they start […]
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Google launches Nano Banana 2, updating its viral AI image generator
Omer Taha Cetin | Anadolu | Getty Images Google on Thursday rolled out Nano Banana 2, an update to its wildly popular artificial intelligence image generator. The company launched the first Nano Banana in August, and the service quickly went viral. Nano Banana Pro hit the market in November, built on Gemini 3 Pro. Google […]
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The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. NBA Commissioner Adam Silver has a new pet project with grand ambitions — […]
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