Business
Lucid names auto industry outsider as CEO, expands Uber deal
Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC Lucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive. Silvio Napoli, who spent nearly 31 years at Schindler, is set […]
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Blackstone’s Joan Solotar says investors should separate ‘signal from the noise’ in private credit
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. Fears of rising defaults and a systemic crisis from private credit don’t reflect the underlying […]
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Citigroup beats estimates, boosted by gains in fixed income
Jane Fraser, CEO of CitiGroup, speaking at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC Citigroup beat on the top and bottom lines during the first quarter. Here’s what the firm reported on Tuesday, compared with Wall Street estimates compiled by LSEG: Earnings per share: $3.06 vs. $2.65 […]
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Wall Street still loves streaming, but are its affections well placed?
In an aerial view, the Netflix logo is displayed above Netflix corporate offices on October 7, 2025 in Los Angeles, California. Mario Tama | Getty Images There’s a love affair on Wall Street between investors and streaming. The romance started about a decade ago when consumers began cutting the cord with cable TV bundles en […]
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Ineos Automotive: Startup backed by a knighted billionaire and soccer mogul wants to rekindle the rugged SUV market
Ineos Grenadier SUV Courtesy Ineos Automotive An automotive startup founded by a knighted billionaire, U.K. chemical mogul and minority owner of one of the world’s most prominent soccer clubs wants to rekindle the rugged SUV market. The company — Ineos Automotive — has produced more than 35,000 off-road SUVs and pickups since starting in 2022, […]
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How Kodak is trying to turn around its business after teetering on bankruptcy
On Jim Continenza’s first day on the job as Eastman Kodak executive chairman in 2019, he got a call from a star Hollywood filmmaker telling him the company was making a big mistake. The photography technology company was in the process of shutting down its acetate factory, which makes one of the key ingredients used […]
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The Masters has become the biggest event of the year for private jet companies
Vista House, a private home in Westlake, Georgia, sponsored by Vista Global during the Masters. Credit: VistaJet A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private jet companies are rolling out […]
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DOJ launches probe into NFL over media rights packages and antitrust concerns
The U.S. Department of Justice has opened an investigation into the NFL over potential anticompetitive tactics, a government official told CNBC. The investigation stems from questions about “affordability for consumers and creating an even playing field for providers,” the official said. The government’s investigation comes as the NFL is looking to renegotiate media rights deals […]
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Amazon debuts Masters coverage, becoming the tournament’s fourth-ever media partner
Key Points Amazon Prime Video will have two hours of exclusive Masters coverage, from 1 p.m. ET to 3 p.m. ET, on Thursday and Friday. Amazon will not have any tie-ins with its ecommerce business during the broadcast. Rather, it will adhere by the Masters’ strict broadcasting rules. Amazon is only the fourth media partner […]
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Kia plans to launch U.S. pickup truck by 2030
Kia plans to release a pickup truck for American consumers in the coming years, as the South Korean automaker plots continued growth domestically and globally. The company said Thursday it will add a pickup truck that includes hybrid variants by 2030 as a major expansion of its brand into the highly lucrative U.S. market. At […]
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